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A cargo ship moors at the container terminal berth of Lianyungang Port for loading and unloading containers in Lianyungang City, Jiangsu Province, China, on May 9, 2025.Nurphoto | Nurphoto | Getty ImagesThe tariff rate the U.S. puts on imports remains higher than any point since the 1930s, despite trade deals struck with China and the United Kingdom in recent days, according to a Yale Budget Lab report issued Monday.The total U.S. average effective tariff rate is 17.8% — the highest since 1934 — even after accounting for these policy changes, according to the Yale Budget Lab.That is equivalent to an…

American Bitcoin, Hut 8’s majority-owned unit backed by the Trump family, will go public via a merger with Gryphon Digital Mining (GRYP). Shares of Hut 8 Corp. (HUT) jumped 12% in pre-market trading, while Gryphon Digital Mining (GRYP) soared more than 200%, following the news. American Data Center, which was owned by Eric Trump and Donald Trump Jr, merged their firm with American Bitcoin in March. The Trump brothers own 20% of American Bitcoin, while Hut 8 holds the remaining 80%. The stock-for-stock transaction will result in Gryphon acquiring American Bitcoin, with the combined company adopting the American Bitcoin name…

U.S. President Donald Trump takes a question from a reporter during a news conference in the Roosevelt Room of the White House on January 21, 2025 in Washington, DC. Andrew Harnik | Getty ImagesWhy are borrowers now at risk of wage garnishment?How much of my wages can the government take?The U.S. Department of Education can garnish up to 15% of your disposable, or after-tax, pay, said higher education expert Mark Kantrowitz.By law, you must be left with at least 30 times the federal minimum hourly wage ($7.25) a week, which is $217.50, Kantrowitz said.When could the wage garnishments start?The Treasury Department will send…

By Ateev Bhandari (Reuters) -American Bitcoin, a new bitcoin miner backed by U.S. President Donald Trump’s two eldest sons, said on Monday it will list on the Nasdaq via an all-stock merger with Gryphon Digital Mining. Existing shareholders of American Bitcoin, including co-founder Eric Trump, his brother Donald Trump Jr. and crypto miner Hut 8, will retain 98% ownership of the newly formed entity. The move is the latest in a series of crypto ventures by the Trump family, including a meme coin launched in January and World Liberty Financial, a crypto company partly owned by the president. President Trump…

Chairman Jason Smith (R-MO) speaks during a House Committee on Ways and Means in the Longworth House Office Building on April 30, 2024 in Washington, D.C.Anna Moneymaker | Getty Images News | Getty ImagesHouse Republicans are calling for a higher limit on the deduction for state and local taxes, known as SALT, as part of President Donald Trump’s tax and spending package.The House Ways and Means Committee, which oversees tax, released the full text of its portion of the bill on Monday afternoon. The SALT provision would raise the cap to $30,000 for those with a modified adjusted gross income…

Earning money usually involves locking into a 9-to-5 job and working five days a week. However, there are ways to easily bring in cash with very little technical expertise. Read Next: Passive Income Expert: Here’s How I Make $27,000 Every Week For You: How Much Money Is Needed To Be Considered Middle Class in Every State? Advertisement: High Yield Savings Offers Powered by Money.com – Yahoo may earn commission from the links above. Passive income is money you earn that doesn’t require your active involvement — like a salary would. While popular approaches to this involve purchasing real estate or…

ROMAIN COSTASECA / Hans Lucas / AFP via Getty Images Next Technology reported in a regulatory filing last week that it held 5,833 bitcoin, 5,000 of which it bought since the end of last year. Next Technology Holding shares took off for a second straight session Monday after the software services provider and bitcoin buyer reported its holdings of the cryptocurrency jumped. The company added 5,000 bitcoin to its portfolio since the end of last year, giving it 5,833. Next Technology said it plans to continue acquiring bitcoin, which it sees as likely to increase in value and serve to…

For many millennials and Gen Zers, financial security remains out of reach — even as their net worths grow on paper.”We’re living in two separate economies,” said Freddie Smith, an economics content creator who talks about the different financial realities between generations. “The middle class, unfortunately, is dead for millennials and Gen Zers. Or, best-case scenario, the goalpost has just moved and it’s still obtainable, but you have to make over six figures to have that middle-class life.”Rachel Schneider, CEO of emergency payment fintech company Canary and co-author of “The Financial Diaries,” describes a large portion of Americans as living…

Chicago, IL – May 12, 2025 – Zacks.com announces the list of stocks and ETFs featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETFs recently featured in the blog include: First Trust SkyBridge Crypto Industry & Digital Economy ETF CRPT, The Spear Alpha ETF SPRX, VanEck Vectors Digital Transformation ETF DAPP, TrueShares Technology, AI and Deep Learning ETF LRNZ and Strive U.S. Semiconductor ETF SHOC. Wall Street staged a solid comeback after a sharp decline in early April triggered by President Trump’s “Liberation Day”…

Tokyo-listed investment firm Metaplanet has added another 1,241 bitcoin (BTC) to its treasury, spending 18.4 billion yen (or $126 million at currency exchange rates) in its latest purchase, per a Monday disclosure. The acquisition brings Metaplanet’s total holdings to 6,796 BTC, worth over $706 million at current market prices. That has sent it above bitcoin-stacking nation El Salvador’s stash of 6,174 BTC, data from the country’s Bitcoin Office shows. The purchase was made at an average price of just over $102,119 per bitcoin, marking the firm’s most aggressive buy yet since launching its Bitcoin Treasury Operations in April 2024. The…