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. |
The U.S. economy just had its worst quarter in three years. |
The country's gross domestic product, the value of all goods and services, shrank at a 0.3% annual rate in the first three months of the year, after several consecutive quarters of growth. Imports drove the change, as companies scrambled to bring in foreign goods ahead of announced tariffs. |
Trump vs. diversity, equity and inclusion |
With the swirl of a black Sharpie marker, President Donald Trump issued an executive order on his first day back in the White House, cracking down on what he calls "illegal and radical" diversity, equity and inclusion practices. |
"I ended all of the lawless, so-called diversity, equity and inclusion bullshit all across the entire federal government and the private sector," Trump said Tuesday at a rally in Michigan marking his 100th day in office. |
December is more than half a year away, but President Trump just acknowledged that it could be tighter for families this holiday season. |
"Somebody said, 'Oh, the shelves are gonna be open,'" Trump told reporters Wednesday. "Well, maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls will cost a couple of bucks more." |
📰 More stories you shouldn't miss 📰 |
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. | | The economy contracted 0.3% in the 1st quarter as imports surged ahead of Trump's tariffs. But underlying data showed sturdy growth, despite GDP drop. | | In his first 100 days, President Trump struck heavy blows against DEI in the nation's top corporations. But is DEI dead? | | | | An April report released by Apollo Global Management lays out a timeline explaining when consumers could begin to feel the tariffs' effects. | | | | The down payment is the biggest barrier to achieving homeownership, so why is a Washington regulator ending a program of assistance? | | | | The April jobs report may reveal a mixed picture. Some industries have maintained hiring plans despite tariffs while others are scaling back. | | | | In 100 days full of surprises for investors, the S&P 500 and Dow nearly recouped their April declines – even with a worse-than-expect GDP report. | | | | Slate Auto is developing an extremely affordable and customizable electric pickup truck. How the Jeff Bezos-backed company could rival Tesla. | | | | If your spouse (or ex-spouse) is still alive and is due to receive Social Security benefits, it pays to look into how much you could receive. | | | | Agency officials discussed the rise in Social Security claims in an internal meeting, which wound up on YouTube. | | | | 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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