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Seif Ibrahim / 500px | 500px | Getty ImagesTax-loss harvesting can be a ‘silver lining’Stock market volatility often presents the chance to leverage a popular tax strategy, experts say. “Tax-loss harvesting is the name of the game right now,” said certified financial planner Sean Lovison, founder of Philadelphia-area Purpose Built Financial Services. The move involves selling your losing brokerage account assets to claim a loss. When you file your taxes for 2025, you can use those losses to offset other portfolio gains. Once investment losses exceed profits, you can use the excess to reduce regular income by up to $3,000 per year. After…

CNN  —  The decades-long softwood lumber dispute between the US and Canada is escalating even before planned tariffs take effect: The US plans to more than double existing anti-dumping and countervailing duties on the critical building material. The US Department of Commerce, as part of an annual review process, plans to hike the duties from 14.4% to 34.45%, according to published and unpublished filings in the Federal Register. The duties, which are separate from tariffs that have been proposed on softwood lumber, stem from a decades-long strife between the North American neighbors. Put simply, the US claims that the Canadian…

The crypto market continued to collapse on Monday as a hoped-for reprieve from President Trump’s tariffs has failed to materialize. While the stock market has recovered some of its decline, crypto continues to be in the red across the board. Bitcoin (CRYPTO: BTC) is down 4.4% in the past 24 hours as of 1:15 p.m. ET, and is down 7.6% from Friday’s close. Ethereum (CRYPTO: ETH) has fallen 9.8% in the past day and 15% since Friday, and Dogecoin (CRYPTO: DOGE) is down 8.4% and 14.5%, respectively, in that time. Cryptocurrencies may be sold as an asset class that runs…

NEW YORK – SEPTEMBER 18: Traders work on the floor of the New York Stock Exchange on September 18, … More 2008 in New York City. The Dow closed up by more than 400 points following a drop of almost 450 points yesterday in the midst of worldwide financial turmoil. (Photo by Mario Tama/Getty Images)Getty Images The U.S. stock market has wiped out $9.6 trillion since Inauguration Day – $5 trillion of which evaporated between April 2 and April 4 which is “the largest two-day loss on record,” according to MarketWatch. And the market carnage continues Monday. In pre-market trading…

Alistair Berg | Digitalvision | Getty ImagesInvestors who park savings in a certificate of deposit may be short-changing themselves with their CD choice.And that mistake can prove costly for investors who feel an impulse to flee the stock market amid a steep downturn being fueled by President Donald Trump’s tariff policy and fears of an escalating global trade war.”When it comes to buying CDs, it pays to shop around,” said Winnie Sun, co-founder of Irvine, California-based Sun Group Wealth Partners and a member of CNBC’s Financial Advisor Council.Why consumers may be ‘shortchanged’CDs have a set term, ranging from a few…

A crypto market sell-off went from bad to brutal in European morning hours Monday as bitcoin pierced the $75,000 level — extending losses on major tokens to nearly 20%. Tokens XRP, solana (SOL), and dogecoin (DOGE) plunged over 5% in the hours ahead of the European open, erasing tens of billions in market capitalization, driven by a cascade of macroeconomic uncertainty and aggressive liquidations that neared $1 billion. The broad-based CoinDesk 20 (CD20) index, which tracks the largest tokens, slumped 12%, signaling a widespread risk-off sentiment gripping the sector. XRP and SOL led the decline, each nosediving more than 20%…

There haven’t been many dull moments in the cryptocurrency industry lately. The Trump administration took over in January, and there has been a monumental pivot to a much more pro-cryptocurrency approach. The president ordered the creation of strategic reserves for digital assets, and regulators have abandoned numerous lawsuits against companies in the crypto sector. Despite all this, Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) (Ripple) are down in 2025, though XRP has vastly outperformed Bitcoin during the past 12 months. It’s a bit of a head-scratcher, especially for Bitcoin, the largest and most prominent cryptocurrency. Is XRP’s relative strength a…

U.S. Federal Reserve Chair Jerome Powell speaks at SABEW on April 4, 2025.Kelli Grant | CNBCThese days, experts and analysts hang on every signal from Federal Reserve Chair Jerome Powell, right down to the color of his necktie.In response to a question about his chosen apparel on Friday before business journalists in Arlington, Va., Powell said, “I definitely wear purple ties all the time.”Initially the Fed chair said he simply preferred the shade, but then elaborated that “it felt a little awkward to be wearing one that was identified” — referring to the political symbolism of red or blue ties, which are often associated with…

(Bloomberg) — Cryptocurrencies wiped out almost all their gains since Donald Trump’s election win in early November as fallout from the US president’s tariff onslaught sparked heavy selling in an asset class he’s vowed to champion. Most Read from Bloomberg Bitcoin briefly tumbled below $75,000 on Monday for the first time since Nov. 7, dropping as much as 5.3% before recovering slightly. Smaller tokens remained subdued, however, with XRP, Solana and Cardano all trading down between 5% and 10% as 0f 8:57 a.m. in New York. Ether traded at its lowest since March 2023. The total market capitalization of all…

Amid all the uncertainty and volatility surrounding global tariffs, it’s understandable why many investors may be planning to steer clear of crypto right now. After all, cryptocurrencies — just like stocks — are down across the board, with some of them down as much as 50% for the year. But there’s one cryptocurrency you might want to think about buying now and holding forever, and that’s Bitcoin (CRYPTO: BTC). Here’s why. Perhaps the biggest factor in Bitcoin’s favor is its remarkable resilience. During the past 15 years, it has undergone several boom-and-bust cycles, and it is famous for its volatility.…