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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…

Those might be temporary, just bridging the gap until there’s legislation or regulation, and then trying to grapple with some of those longer term issues around tokenization of securities, around what does it look like for a broker dealer or a trading platform that’s trying to have securities alongside non-securities. Some of those more difficult issues will take some time to grapple with, and we’re trying to do all of this in a way that involves the public. We want people to be able to come in and talk to us. We want to get their suggestions for how to…

Employers are still hiring, though much uncertainty remainsGetty Images In some ways, the February jobs report does not look very unusual. Payrolls rose by 151,000, which is quite in line with expectations. The unemployment rate is 4.1%, well within the range it has been in for many months. But a closer look at the numbers suggests that the cuts in federal employment and among contractors/grantees under President Donald Trump are beginning to appear in the national labor market, as are the dampening effects of the chaos and uncertainty that they have created on consumer spending. Effects Of Cuts And Uncertainty…

A month into his new role as health and human services secretary, Robert F. Kennedy Jr. is beginning to make his priorities for the country clear — and confirming some public health experts’ worst fears.Since Kennedy was sworn in Feb. 13, the agencies he leads have canceled or postponed meetings about flu shots and other vaccines and announced plans to investigate already debunked links between vaccines and autism. He has downplayed the importance of vaccination in the Texas measles outbreak while endorsing unproven remedies for the highly contagious disease.At the same time, Kennedy has begun to act on his long-standing concerns…

TURIN: Pakistan’s special athletes continued their impressive run at the 12th Special Olympics World Winter Games as Afaq Khan bagged the third gold medal for Pakistan on Friday. In the 100-meter snowshoeing race, Pakistan’s Afaq struck gold, outpacing Ahmed Al-Jilani from the United Arab Emirates, who took silver and Mon­g­olia’s Amarbold Munkhdul, who claimed bronze. The Pakistani team also made a strong showing in the men’s 4×100-meter snowshoeing relay, with Moazzam Iqbal, Abdul Saboor, Muhammad Afaq and Ali Raza combining to secure the silver medal. Canada’s team took gold, while China’s athletes finished third. In the women’s 4×100-meter snowshoeing relay,…

The Federal Reserve is expected to hold interest rates steady at the end of its two-day meeting next week, despite some encouraging news on inflation. Although inflation receded last month, an escalating trade war threatens to cause prices to rise on a wide range of consumer goods going forward.”This is likely just the beginning with tariffs on Europe and universal ones to follow suit over the coming weeks,” Andrzej Skiba, head of U.S. fixed income at RBC Global Asset Management, said in an email. “This will be inflationary, and the Fed won’t likely be able to cut rates in this environment.”More from Personal Finance:What financial advisors tell…