Trump Targets Apple with 25% Tariff on Foreign-Made iPhones

President Donald Trump announced plans to impose a 25% tariff on iPhones not manufactured in the United States, escalating pressure on Apple to shift its production domestically. The move aligns with Trump’s broader strategy to bolster U.S. manufacturing and curb dependency on foreign supply chains. Apple, which currently produces most iPhones in China and India, would face major logistical hurdles in reshoring its operations. Following the announcement, Apple’s stock dropped 4%, dragging the broader market down with the Dow shedding over 300 points.

401(k) to Gold IRA Rollover: Protect Your Retirement Savings with a Time-Tested Asset

In today’s volatile economy, protecting your retirement savings is more urgent than ever. Rolling over your 401(k) into a Gold IRA provides a proven way to diversify your portfolio with a real, physical asset: gold. This guide walks you through the six key steps—and shows how GoldSilver makes most of the process easy. Why Consider a Gold IRA? Traditional 401(k) accounts are typically heavily invested in paper assets — stocks, bonds, and mutual funds — that are vulnerable during economic downturns. Physical gold, on the other hand, has a centuries-long track record of holding value and even gaining during financial […]

Gold Gains Ground, Reflecting Anxiety Over U.S. Budget Deficits

Gold prices have edged higher, buoyed by persistent concerns over the United States’ expanding budget deficits. Investors are increasingly turning to gold as a safe-haven asset amid fears that escalating U.S. debt levels could undermine the dollar’s value and destabilize financial markets. This trend underscores gold’s enduring appeal as a hedge against fiscal uncertainty and inflationary pressures.

End of an Era: U.S. Penny Faces Possible Retirement

The U.S. Mint is considering discontinuing the penny, citing its rising production costs and declining use in everyday transactions. Each penny now costs over 3 cents to produce, leading to significant losses for taxpayers. While some critics argue that eliminating the penny could lead to subtle price hikes, proponents highlight that countries like Canada and Australia have already phased out their lowest-denomination coins without major issues. The debate encapsulates broader concerns about monetary efficiency and the evolution of physical currency in a digital age.

Surge in ‘Buy Now, Pay Later’ Everyday Essentials Now Bought on Credit

A significant shift in consumer behavior has emerged, with 25% of Americans now utilizing “Buy Now, Pay Later” (BNPL) services to purchase groceries—a notable increase from 14% in 2024. This trend underscores the mounting financial pressures faced by households amid persistent inflation and economic uncertainty. While BNPL options offer short-term relief, they may lead to long-term financial challenges, as evidenced by a rise in missed payments and accumulating debt among users.

Gold Prices Surge Amid U.S. Fiscal Concerns and Tariff Threats

Gold prices climbed 1.9% on Friday, reaching over $3,350 per ounce, marking a nearly 5% gain for the week—the strongest since early April. This rally is fueled by investor concerns over the U.S. fiscal outlook and escalating trade tensions. President Donald Trump’s proposal of a 50% tariff on European Union goods has heightened demand for safe-haven assets like gold.

Gold Heads for Best Week in Over a Month Amid U.S. Fiscal Concerns

Gold prices rose 1% on Friday, marking a 4% gain for the week—the strongest since early April. The uptick is attributed to a weakening U.S. dollar and investor concerns over the country’s fiscal health, following the passage of a significant tax and spending bill that could add trillions to the national debt.