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President Donald Trump speaks before signing executive orders in the Oval Office on March 6, 2025.Alex Wong | Getty ImagesPresident Donald Trump says that tariffs will make the U.S. “rich.” But those riches will likely be far less than the White House expects, economists said.The ultimate sum could have big ramifications for the U.S. economy, the nation’s debt and legislative negotiations over a tax-cut package, economists said.White House trade adviser Peter Navarro on Sunday estimated tariffs would raise about $600 billion a year and $6 trillion over a decade. Auto tariffs would add another $100 billion a year, he said…

The U.S.’ crypto-friendly stance could increase the level of risk in financial markets by deepening the connections between traditional finance (TradFi) and the digital asset economy, according to regulator the European Securities and Markets Authority. “This crypto-friendly stance has the potential to accelerate crypto adoption, including by institutional investors,” a spokesperson for the European Union’s financial markets regulator said in an interview. “This would in turn increase interconnectedness and, failing relevant safeguards, risks of negative spillover effects between crypto and traditional markets.” Since becoming president on Jan. 20, Donald Trump has ordered his administration to set up a bitcoin reserve…

White House officials are considering a proposal for a 20% tariff on most imports to the U.S. The plan — tapping into President Donald Trump’s long-held “reciprocal tariff” strategy — is set to be announced Wednesday as part of a wider economic policy rollout. A new wave of tariff proposals indicates an “America First” economic policy revival, and global markets and crypto will watch closely. According to reports, the administration is also weighing whether to use potential revenues from such tariffs, which are projected to be in the trillions of dollars, to fund a tax rebate or dividend for American…

Checks are printed at the U.S. Treasury Philadelphia Finance Center in Philadelphia, Pennsylvania.Dennis Brack | Bloomberg | Getty ImagesPaper checks were already dying a slow death.President Donald Trump on March 25 signed an executive order mandating that all federal departments and agencies end their use of paper checks and switch to electronic payments by Sept. 30.The U.S. Treasury now has about six months to phase out the paper checks it uses for various purposes, including tax refunds and the roughly 456,000 Social Security checks that are mailed monthly.The executive order will “modernize how the government handles money, switching from old-fashioned…

Although Strategy’s (MSTR) aggressive buying of bitcoin (BTC) has sent its shares soaring over 2,500% over the past five years, one analyst argues that the reverse could soon be the case. “While we were negative on several respects upon initiation, we have gained incremental confidence that the convertible issuance strategy is likely tapped,” wrote Monness Crespi analyst Gus Gala, downgrading MSTR to sell just two weeks after initiating coverage at neutral. Strategy currently holds 528,185 BTC on its balance sheet and has been buying sizable quantities nearly every week for the past few months, mostly funded by common share issuance…

fstop123 | E+ | Getty ImagesIt’s scary enough for individuals to take a chance on themselves and start their own business, but the spouses of military servicemembers are often grappling with a unique set of hurdles on the journey toward entrepreneurship.Certified financial planner Adrienne Ross can speak to that personally. She and her now-retired Marine Corps husband were constantly on the move during his military career, and that made the complicated process of earning her bachelor’s degree a yearslong process.”We would move, and it would be like going through the process all over again,” recalled Ross, a partner at Clear…

Japanese hotel company Metaplanet (3350) has purchased an additional 696 BTC ($58.5 million), taking its total stash to 4,046 BTC. Metaplanet purchased the bitcoin for an average purchase price of nearly 14.6 million yen ($97,500) for a total spend of 10.15 billion yen. The company’s total BTC holdings were bought for an average price of around $86,500.57 per coin. Metaplanet financed its purchases in Q1 through the sale of cash secured BTC put options – futures contracts which bet on the price of the underlying asset going down. These options were written at the beginning of the quarter, when BTC…

A Social Security Administration (SSA) office in Washington, DC, March 26, 2025. Saul Loeb | Afp | Getty ImagesFast-moving changes at the Social Security Administration by the Trump administration’s so-called Department of Government Efficiency have prompted concerns that it may be more difficult for beneficiaries to access the agency’s services.Some experts are raising concerns that efforts to update the agency’s systems could impact the continuity of benefits.”Now I’m concerned that benefits could get disrupted,” said Jason Fichtner, a former deputy commissioner at the Social Security Administration who was appointed by President George W. Bush.Recent changes that have been announced by the…

A large bitcoin (BTC) options bet crossed the tape on Deribit as the first quarter drew to a close on Monday, revealing bearish sentiment from the trader behind the move. The so-called block trade carried a premium of more than $1 million for 1,180 contracts of the $70,000 put option expiring April 25, according to data tracked by Amberdata. A put option gives the purchaser the right, but not the obligation, to sell the underlying asset at a predetermined price at a later date. A put buyer is essentially bearish on the market, in this case, anticipating a price drop…

CNN  —  US employers pulled back on their hiring plans last month, while layoffs in the federal government spiked to their highest level in more than four years, new labor market data showed Tuesday. The latest Job Openings and Labor Turnover Survey data provided some glimpses of how President Donald Trump’s sweeping policies are upending a long-stable employer in the federal government and injecting uncertainty into the broader economy. The number of job openings — a measurement of labor market demand — fell to 7.57 million in February, according to the Bureau of Labor Statistics’ JOLTS report released Tuesday. February’s…