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Washington CNN  —  Americans continue to grow uneasy about the economy as President Donald Trump wages an erratic trade war that could send US inflation rising and even trigger a recession. Consumer confidence sank 7.9 points in April to a reading of 86, the Conference Board said in its latest survey released Tuesday. That’s the lowest level since May 2020 and a larger decline than economists had projected. The survey’s Expectations Index, which captures people’s outlook on the economy, plummeted 12.5 points this month to 54.4, the lowest level in 13 years. Meanwhile, the share of Americans anticipating a recession…

Heading into 2025, artificial intelligence (AI) was supposed to be one of the biggest investment trends of the year for the crypto sector. Until recently, that hadn’t been the case, with many top AI cryptos down big for the year. But, over the past 30 days, some of the most popular AI cryptos are suddenly up as much as 30%, seemingly out of nowhere. Is this a sign of a potential comeback for the AI crypto sector, or just a dead cat bounce? Let’s take a closer look. Where to invest $1,000 right now? Our analyst team just revealed what they…

The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters is seen during a protest on Feb. 10, 2025 in Washington, DC.Anna Moneymaker | Getty ImagesThe Consumer Financial Protection Bureau was one of the early targets of the Trump administration’s attempts to dramatically reduce government spending. The bureau’s work was first suspended in early February, and legal wrangling has continued since — which experts say has created an uncertain future for many CFPB efforts to protect consumers.  A federal judge scheduled a two-day hearing, starting Tuesday, in a case about the Trump administration’s effort to dismantle the CFPB. In March, U.S.…

Bitcoin and broader crypto markets were little changed in the past 24 hours with exchange-traded funds (ETFs) tracking the asset attracting over $590 million in inflows on Monday, extending a six-day streak. That marked a week of inflows for the first time since late March, coming as bitcoin’s appeal as a safe-haven asset continues to gain favor among investors. BlackRock’s IBIT led flows at $970 million, while Ark’s ARKB lost $200 million. BTC held above $94,000 in Asian morning hours on Tuesday, a resistance level whose break traders say could clear the path to a move toward $100,000. XRP, ether…

Washington CNN  —  President Donald Trump’s major, abrupt policy shifts likely slowed the US economy sharply in the beginning of the year — for the worst quarter perhaps since the Covid-19 pandemic — as consumers and businesses fretted about massive new tariffs. The Commerce Department is set to release its initial estimate of first-quarter gross domestic product, the broadest measure of economic output, on Wednesday at 8:30 am ET. It will give the clearest picture yet of how the US economy is responding to Trump’s sweeping economic agenda, just one day after the administration’s 100th day in power. Economists estimate…

The Trump 2.0 era is producing new crossovers in the financial world as some crypto firms consider applying for banking licenses and some banks consider issuing their own digital assets. The convergence is picking up momentum as the new administration loosens restrictions on both crypto operations and traditional banking giants. The latest evidence of this mashup is that crypto upstarts Circle, BitGo, Coinbase Global (COIN), and Paxos are all either considering or planning to seek a US bank license in some form, according to a report in the Wall Street Journal. “This is something Coinbase is actively considering but has…

NAPLES: Napoli’s Scott McTominay (R) vies for the ball with Torino’s Cesare Casadei during the Serie A match at the Diego Armando Maradona Stadium.—AFP NAPLES: Two first-half goals from Scott McTom­inay helped Napoli to a 2-0 home victory against Torino in Serie A on Sunday as the hosts reclaimed the sole lead in the standings with four games left to play with the win also securing their return to Europe’s elite club competition. Napoli top Serie A with 74 points, three points clear of defending champions Inter Milan in the standings after Simone Inzaghi’s side stumbled to a shock 1-0…

A bear market is one of the best opportunities to invest in crypto, with one key caveat: You need to choose your investments very carefully. Bear markets tend to separate the crypto contenders from the pretenders. Many cryptocurrencies never recover from their first downturn. I’m selective about cryptocurrency investments, especially during times of economic uncertainty. Even so, there are a few coins that I think are well-equipped to survive a bear market and deliver outsized long-term returns. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Monero…

BANGLADESH wicket-keeper Jaker Ali celebrates after the dismissal of Zimbabwe captain Craig Ervine during the second Test at the Zahur Ahmed Chowdhury Stadium on Monday.—AFP CHATTOGRAM: Bangladesh’s left-arm spinner Taijul Islam registered his 16th five-wicket haul as Zimbabwe slumped to 227-9 at the end of the first day of the second Test in Chattogram on Monday. Nick Welch and Sean Williams each scored fifties for the visitors but the day belonged to Bangladesh as they sought to level the two-match series after losing the opener. Zimbabwe got off to a decent start after winning the toss and opting to bat…

ISLAMABAD: Former Dutch hockey great Floris Jan Bovelander on Monday expressed optimism about the future of hockey in Pakistan, stating that with proper training and international exposure, the national game could regain its former glory. Bovelander, who was instrumental in the Netherlands’ triumph at the 1990 Hockey World Cup, is currently visiting Pakistan to conduct a training clinic for young players from Islamabad and Rawalpindi. He is also scheduled to hold a session in Lahore. During the clinic, the legendary drag-flicker provided guidance on modern penalty corner techniques, game awareness and offensive strategies. “Talent is important, but achieving success in…