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The STOXX Europe 600 index, which tracks hundreds of companies across 17 European countries, is up 7.7% so far this year. Germany’s DAX index has risen more than 15%, and the CAC 40 in Paris is up around 9%. Across the English Channel, London’s FTSE 100 is up 5.6%.The U.S.-based S&P 500, by contrast, has dropped more than 4.1% this year, and the Nasdaq Composite has lost more than 8%.NATO allies’ reinvigorated military plans have helped power the swings. Trump has repeatedly said he wants allies in the coalition to increase their defense spending to 5% of each member state’s…

(Bloomberg) — UK Prime Minister Keir Starmer said some 25 allied leaders agreed on Saturday to keep tightening restrictions on Russia’s economy in an effort to draw President Vladimir Putin to the negotiating table to secure a cease-fire in its war with Ukraine. Most Read from Bloomberg “The effects of the sanctions on the Russian economy have been pretty profound,” Starmer told reporters at a press conference in London. “We shouldn’t underestimate the impact they’ve already had and by doubling down and increasing sanctions, that will cause even more pressure.” Following a call with fellow leaders, Starmer said Western nations…

Image: Anna Moneymaker (Getty Images), Photo: Anna Moneymaker (Getty Images), Anna Moneymaker (Getty Images), Anna Rose Layden / Stringer (Getty Images), Michael M. Santiago (Getty Images), Alex Wong (Getty Images), Spencer Platt (Getty Images), Spencer Platt (Getty Images) President Donald Trump at the White House on March 7. – Image: Anna Moneymaker (Getty Images) Economists are sounding the alarm over the threat of a recession in the U.S. as uncertainty reigns over tariffs and the job market begins to feel pressure from layoffs. Read More President Donald Trump declined to deny the risk of a recession as markets plunge in…

Jennifer Gilkerson never imagined that her West Virginia farm’s freeze-dried fruits would get caught up in political fights in Washington, D.C. But last Friday, she learned that funding for a U.S. Agriculture Department program that helps schools and food banks buy products from local farmers like her had been cut. Without those federal dollars, Gilkerson no longer expects local schools to be able to buy her freeze-dried fruits, which she has already spent thousands of dollars preparing to produce.“We’re just in such a state of shock. We just don’t really even know how to respond to all this. We thought that…

PARIS: Bruno Fernandes netted a hat-trick as Manchester Uni­ted eased to a 4-1 win over Real Soci­edad to reach the Eur­opa League quarter-finals and Totte­nham Hotspur advanced after a 3-1 victory over AZ Alkmaar on Thursday. The second-tier tournament offers both Premier League clubs a chance for a trophy amid lacklustre domestic campaigns and get a welcome bonus of a spot in the Champions League next season. United will face Olympique Lyonnais in the last eight after the French side strolled to a 4-0 win over Steaua Bucharest, and Rangers overcame Fenerbahce 3-2 in a penalty shootout after a 3-3…

Bethany Petrik | Moment | Getty ImagesKeep your state residencyMembers of the military often move frequently, but many families save on state taxes via a special federal law, experts say.Under the Servicemembers Civil Relief Act, state income tax is based on your “state of legal residence” during active duty, regardless of where you’re stationed. If eligible, it’s possible to keep that residency through your military career.”Military members tend to have residency in states without an income tax,” such as Florida, Texas or Washington, said CFP Curtis Sheldon, who is also an enrolled agent at C.L. Sheldon and Company in Alexandria,…

CNN  —  President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for Americans. It’s the latest salvo in Trump’s multifaceted tariff plan aimed at correcting perceived trade imbalances and reigniting domestic industry. But it risks igniting a global trade war. The European Union, hit for the first time by higher US tariffs since Trump returned to the White House, retaliated within hours…

Jerome Powell, chairman of the US Federal Reserve, speaks during the University Of Chicago Booth … [+] School Of Business Monetary Policy Forum in New York, US, on Friday, March 7, 2025. Powell acknowledged increased uncertainty in the US economic outlook, but said officials dont need to rush to adjust policy. Photographer: Yuki Iwamura/Bloomberg© 2025 Bloomberg Finance LP The logic for potential interest rate cuts in 2025 may be changing as some early recession indicators pick up while disinflation remains possible. Current expectations are that the Federal Open Market Committee may cut again in May or June. Entering 2025, markets…

As voters returned Donald Trump to the White House in November, many had the economy top of mind. Candidate Trump vowed to bring down prices right away and foresaw boom times for the market.That’s not the case nearly two months into the administration, however.Instead, markets turned south this week amid a slew of data showing the economy looking increasingly precarious — with federal cuts led by Elon Musk’s DOGE group heightening worries about the state of the job market and tariff threats adding to cost worries for inflation-weary shoppers.On Thursday, the S&P 500 benchmark plunged into correction territory, meaning it…

Apple’s (AAPL) latest MacBook Air is here, bringing the company’s newest processor, the M4, to its bestselling line of laptops. The updated Air, available in both 13-inch and 15-inch models, also gets an extremely rare feature for a modern gadget: a $100 price cut. Yes, the 13-inch MacBook Air now starts at $999 while the 15-inch starts at $1,099. What’s more, the base model of both laptops now comes with 16GB of memory, up from the 8GB Apple offered when it launched its M3 Air last year. I’ve been using the M4-powered 13-inch MacBook Air as my main laptop for…