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Career opportunities are scarce for young adults, which can have long-term impact on their financial well-being, says Bloomberg’s Conor Sen.
It’s been a confusing ride. Here’s a time line of what is happening and what tariffs are currently in place.
More than 60% of all purchases last year were made with a credit or debit card, according to the Federal Reserve. That’s up from 45% in 2016.
Firms with fewer than 10 people let workers go at the highest rate in February. Those businesses are more exposed to quick economic changes.
With stocks down lately, some folks are spending less. But more consumers may feel bolstered by healthy home values and a stable job market.
If countries targeted by Trump administration tariffs respond with tariffs of their own, then demand could fall for American corn, soybeans and other agricultural exports.
One issue: Managing the cost of repaying COVID-era loans that they took out to survive in 2020 and 2021.
Sales and hiring have dropped in the restaurant industry amid harsh weather conditions and economic uncertainty.
Foreign investors wary about the trade war’s impact have been selling U.S. stocks — and by extension, dollars — to invest in other markets.
“It feels like it’s been psychological torture,” said Daniella Velazquez de León, general manager of Organics Unlimited.