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Wall Street Stumbles as Trump’s Tariff Threats Rattle Global Markets

U.S. stock markets kicked off the week in the red as renewed trade tensions sparked by former President Donald Trump sent shockwaves through Wall Street. The Dow Jones Industrial Average tumbled over 400 points, while the S&P 500 and Nasdaq Composite dropped 0.8% and 0.9% respectively. The sell-off followed Trump’s announcement of sweeping new tariffs set to take effect on August 1. In a series of public letters posted to social media, Trump warned that countries including Japan, South Korea, South Africa, and Malaysia would face levies ranging from 25% to 40% unless trade agreements are finalized by a self-imposed July 9 deadline. Adding to the market jitters, Trump declared that any nation aligning with the “Anti-American policies of BRICS” would be hit with an additional 10% tariff, escalating tensions with key trading partners like China and India. The tech sector bore the brunt of the downturn, with Tesla shares plunging nearly 7% amid political controversy surrounding CEO Elo...
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10 Simple Ways to Save Money Now

 

Here’s are some tips on how to save money before you really need it:

  1. Automate your savings: Set up automatic transfers from your checking account to your savings account each month. This technique can be especially useful when your savings accounts are dedicated to specific goals, such as establishing an emergency fund, going on a vacation or building a down payment.  
  2. Track your spending: Keep track of all your expenses to identify areas where you can cut back. You can use apps like Mint or PocketGuard to help you track your spending.
  3. Reduce your bills: Shop around for better deals on your phone, internet, and cable bills. You can also bundle services to save money.
  4. Cancel subscriptions: Cancel any subscriptions that you don’t use or need. This includes gym memberships, magazine subscriptions, and streaming services.
  5. Shop smart: Look for deals and discounts when shopping for groceries, clothes, and other items. You can also use cashback apps like Rakuten or Honey to save money.
  6. Cook at home: Eating out can be expensive. Cooking at home is not only cheaper but also healthier.
  7. Use public transportation: If possible, use public transportation instead of driving. This can save you money on gas, parking, and car maintenance.
  8. Buy used: Consider buying used items instead of new ones. You can find great deals on websites like Craigslist, Facebook Marketplace, and eBay.
  9. Take advantage of free events: Look for free events in your community, such as concerts, festivals, and museums. This can be a great way to have fun without spending money.
  10. Set savings goals: Set specific savings goals for yourself and track your progress. This can help you stay motivated and focused on your financial goals.


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