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. |
United States government bonds are a unique type of financial asset: so risk-free and sought-after that they have long constituted the linchpin of many parts of the world's financial system. The creditworthiness of Washington and the strength of the most powerful economy in the world make American bonds and notes so attractive to foreigners that they own nearly one-third of all outstanding Treasurys. |
Has Trump bungled the economy? |
President Donald Trump 's approval ratings on the economy and inflation have fallen after weeks of tariff policy twists and turmoil in the stock market, according to a new poll. |
A CBS News survey of 2,410 Americans, released April 13, found 44% approved of Trump's handling of the economy and 40% approved of his handling of inflation, both down from the last poll. The president's overall approval rating dropped to 47% this month, down from 50% in March and 53% in February. |
A tariff reprieve on iPhones |
Planning to buy a new iPhone or other smartphone? You may have just caught a break on tariffs. |
President Trump issued some new exemptions in tariffs targeted at imports from China. The exemptions include smartphones, computers, processing chips and other electronics. And, as with much recent tariff policy, there is some confusion about whether and when the exemptions will take effect. |
The price of an iPhone had been projected go as high as $2,300 under Trump's old plan to impose 54% tariffs on China – and since then, Trump had boosted import assessments to 145% against the U.S.'s third-largest trading partner. |
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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. | | Bonds have been selling off over the past few days, signaling deep fissures in the economy and financial markets. | | | | More than half of respondents in the CBS poll rated the U.S. economy as fairly bad or very bad, while 53% said the economy is getting worse. | | | | Consumers in the market for new phones and other tech "can breathe a sigh of relief." Here's why. | | | | The Social Security Administration recently walked back plans to have recipients make in-person visits in order to finalize claims made over the phone. | | | | Forecasters say the economy will nearly stall or slip into recession over Trump's tariffs. Some say his 90-day pause doesn't change their outlook. | | | | "Recession hair" is trending on social media. What is it and why are women talking about it? | | | | The last time inflation expectations ran this high was 1981, during the "Great Inflation." | | | | The problem with reassuring promises is that they can be heartfelt without being entirely realistic. | | | | Car shopping experts say, depending on what a car buyer wants, they may have two months or two weeks to get it at a pre-tariff price. | | | | 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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