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. |
Chinese imports to the U.S. dropped to their lowest levels since the pandemic as punishing tariffs began to take hold in March, according to recently released Census trade data. |
The drop in trade was a major impetus for talks over the weekend that led to steep reductions in tariffs on both sides. Click here for the full report . |
Is the 60/40 rule staging a comeback? |
If you invest according to the classic 60/40 rule, with three fifths of your nest egg in stocks and two fifths in bonds, then take a moment to pat yourself on the back: It's a pretty good strategy. |
That's the conclusion of a new report from Morningstar, the financial services firm. |
House Republicans defend program cuts |
House Republicans defended a bill that would enact sweeping tax cuts, raise the debt ceiling, and add restrictions to benefit programs during a heated marathon day of committee hearings on Capitol Hill. |
Three separate panels reviewed the legislation that would become part of a massive package to implement President Donald Trump's agenda on May 13. Democrats repeatedly slammed the package as a giveaway to the wealthy. |
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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. | | Chinese imports to the U.S. dropped to their lowest levels since the pandemic as punishing tariffs began to take hold in March. | | A new report from Morningstar compares the classic 60/40 investment mix to an all-stock portfolio, with surprising results. | | | | The proposals will become part of President Donald Trump's sweeping tax cuts and spending bill. | | | | With the de minimis issue absent from Monday's announcement, trade experts said the exemption did not seem to be coming back. | | | | Distributor AvKARE was notified of the drug recall by the recalling firm, BRS Analytical Services LLC. | | | | The overall cost of eggs dropped 12.7% in April, marking the first month-to-month decline since October 2024. | | | | Major changes to tax law would likely hurt retired workers on Social Security. Here's why. | | | | Here's why Bitcoin's price is jumping higher again and why it might be better to wait out the current wave until the dust has settled on tariffs. | | | | Chicago Fed chief Austan Goolsbee called the April inflation report 'comforting' but said he needs to see several more as officials consider rate cuts | | | | 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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