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CNN  —  Wall Street has been riding a historic roller coaster the past few months due to President Donald Trump’s on-again, off-again tariff threats. Now, investors are learning to take his words with a grain of salt — and a bit of salsa, too. That’s because there’s a new type of trade taking hold: TACO, short for Trump Always Chickens Out. In other words, don’t fret too much about Trump’s latest tariff threat and go on a selling spree, because eventually he’ll back down and a relief rally will ensue. Trump said he first learned of the term, coined by…

WASHINGTON, DC – SEPTEMBER 18: Federal Reserve Chairman Jerome Powell speaks during a news … More conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. The Federal Reserve announced today that they will cut the central bank’s benchmark interest rate by 50 basis points to a new range of 4.75%-5%. (Photo by Anna Moneymaker/Getty Images)Getty Images The Consumer Price Index inflation report for May will be released on June 11. Inflation nowcasting from the Atlanta Federal Reserve estimates 0.12% headline monthly…

President Donald Trump departs the White House on May 22, 2025. Trump is traveling to his Trump National Golf Club in Virginia where he is holding a dinner for the top investors in his $TRUMP cryptocurrency. Kevin Dietsch | Getty Images News | Getty ImagesThe Trump administration on Wednesday relaxed barriers in 401(k) plans to buying cryptocurrency and related digital assets like NFTs and meme coins.The Labor Department rescinded guidance put in place by the Biden-era Labor Department in 2022 that aimed to safeguard 401(k) investors from such digital assets.At the time, the Biden labor officials cautioned employers to exercise…

Jamie Beaton has built a career helping students from around the world gain admission to Harvard University and other top-tier institutions.Now, days after the Trump administration banned Harvard from enrolling international students and stopped scheduling appointments for student visas, Beaton, co-founder and CEO of Crimson Education, a college consulting firm, is advising his clients to “ignore the chaos.” Getting into an Ivy League school like Harvard is a years-long process, Beaton said. For recently admitted applicants, current students and this year’s graduating class, he says, “remain steadfast in that goal.”And for Harvard hopefuls, particularly from abroad, there could even be a benefit to applying in the…

Jose Luis Pelaez Inc | DigitalVision | Getty ImagesIt’s officially “Maycember,” a term making the rounds on social media to sum up the chaos and high costs of May — which mimic those of December, minus the holiday cheer.Although May is typically a month of endings and new beginnings, inflation and social pressure have helped drive up the prices for many of the expenses that fall within its 31 days.From graduation gifts and prom attire to camp payments, dance recitals and sports tournaments, the gauntlet of events has left parents feeling particularly strained.Why ‘Maycember’ is ‘a storm of financial stress'”May…

South_agency | E+ | Getty ImagesSpending from foreign visitors to the U.S. is poised to fall by $8.5 billion this year as negative perceptions tied to trade and immigration policy lead overseas tourists to look elsewhere, according to a research note published by Oxford Economics.The spending decline, which works out to a drop of about 5% relative to last year, is a result of less foot traffic. International arrivals to the U.S. are expected to fall about 9% this year, Aran Ryan, director of industry studies at Tourism Economics, part of Oxford Economics, wrote in a research note last week.Businesses…

ISLAMABAD: Former Pakistan player Hameed-ul-Haq on Tuesday expressed his concerns over Pakistan Tennis Federation (PTF)’s decision to impose a six-month ban on Mohammad Shoaib over his unruly behaviour during a national event. The ban put the career of Pakistan’s top-ranked player Shoaib in jeopardy, Hameed lamented. It emerged that during the recently-concluded Federal Tennis Cup staged at the PTF Complex in Islamabad, Shoaib after a verbal argument with tennis players Talha and Huzaifa, scuffled with their father Amjad Niazi during which Shoaib was accused of hitting Amjad with a racket. Subsequently, the Islamabad Tennis Association after probing the matter took…

LAHORE: Mohsen Gilani knows how to win elections. The former FIFA development officer proved his expertise by winning an election where he wasn’t the frontrunner; upsetting the odds to become Pakistan’s new football chief. In the first elections of the Pakistan Football Federation in a decade, Mohsen won a duel with former friend Taha Alizai, edging the vote for the president 13-11 on Tuesday. Till Monday night, the scales seemed to have tilted in Taha’s favour with the Karachi United founder having claimed to have the backing of 13 of the 24-member PFF Congress. But with electioneering continuing till the…

LAHORE: Pakistan’s pursuit to find their best combination for next year’s T20 World Cup will continue when they take on Bangladesh in the opening fixture of the three-match series here at the Gaddafi Stadium on Wednesday. The national side’s preparations for the event had started since their unceremonious exit from the previous edition in the United States, with their first three assignments being away series in Australia, South Africa and New Zealand. Pakistan have gone with two different captains in Mohammad Rizwan and Salman Ali Agha across the three tours, failing to win either of the T20 series, while also…

LIVERPOOL: A 53-year-old man was arrested on suspicion of attempted murder, dangerous driving and driving while unfit through drugs after a car ploughed into a crowd of Liverpool fans during a Premier League title parade, injuring more than 50, British police said. Eleven victims remained in hospital in a stable condition on Tuesday, police said, adding that they all appeared to be recovering well. British police believe the incident, in a packed Liverpool city centre on Monday, was isolated and not an act of terrorism. They said the driver of the grey Ford Galaxy people-carrier involved in the incident was…