ALL THE MONEY NEWS YOU NEED TO KNOW | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
With President Donald Trump imposing the largest tariffs on U.S. imports in a century, raising the prospect of sharply higher consumer prices and hammering the stock market, it may feel like the nation is already mired in recession. |
Except on days when Trump metes out glimmers of hope. He has announced a 90-day pause on most of his reciprocal tariffs, exempted many Canadian and Mexican shipments from 25% duties and hinted that administration officials are making progress in tariff talks with China (a claim China has denied). |
Nearly 100 days after Trump took the oath of office for a second time, consumer and business sentiment is spasming from widespread federal job cuts, the ping-ponging stock market and the president's on-again, off-again tariffs. |
Leading economists are predicting the U.S. could enter a recession, and millions of Americans are struggling with the continuing high cost of gas and groceries while getting buried beneath a growing mountain of credit card bills and car payments. |
Home renovation costs: through the roof? |
Americans accustomed to rising prices on all kinds of consumer goods are about to experience sticker shock in a corner of the economy that's boomed over the past few years. |
From marble quarried in Italy to washing machines built and assembled all over the world, the products and materials that furnish and model our homes are global – and about to get a lot more expensive, if they are even available as the impact of tariffs kicks in. |
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Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | As Trump's tariff war rages, some experts cite solid economy to argue a recession will be dodged. Others say weak sentiment bolsters opposite view. | | Nearing Trump's 100th day in office, economy isn't getting better for most, with tariffs, stock market convulsions and high grocery bills. | | | | All kinds of home renovation inputs are likely to become a lot more expensive under the new tariff regime. | | | | Four-year auto loans used to be standard. In 2025, buyers are more likely to choose seven-year loans. Will your car depreciate? | | | | The best work-from-home states have cheap internet and large homes. The worst states put the "remote" in remote work. | | | | U.S. stock futures point to a lower open as investors brace for one of the busiest weeks of earnings season. | | | | Jeff Bezos is taking on Rivian and Elon Musk's Tesla with the release of a budget-friendly electric vehicle. Here's what the Slate looks like. | | | | It's not complicated, but it can be challenging to qualify for Social Security's highest payments. | | | | Patients will likely eventually see higher prices and drug shortages under President Trump's plan to assess tariffs on prescription drug imports. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | |
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