Core Insights - The article emphasizes the importance of conducting thorough due diligence before making any financial decisions, particularly in the context of investments and trading activities [1] Group 1 - The content includes general news and personal analysis intended for educational and research purposes [1] - It highlights that the information provided is not a recommendation or advice for any financial actions [1] - The website may feature advertisements and promotional content, with potential compensation from third parties [1] Group 2 - The article warns about the complexities and high risks associated with cryptocurrencies and contracts for difference (CFDs) [1] - It encourages investors to understand the instruments they are dealing with and the associated risks before investing [1] - The information may not be real-time or accurate, and prices could be provided by market makers rather than exchanges [1]

JUST IN: 🇨🇳🇺🇸 China says it will stand firm against US tariffs."We do not want a tariff war but we are not afraid of one." https://t.co/WSYq7ExdGf ...

Core Insights - The article discusses various reasons for financial leakage in personal finances, emphasizing the impact of impulse buying, inflation, and banking habits on individuals' savings and wealth accumulation [1][2]. Group 1: Financial Leakage Causes - Impulse buys and rising costs from inflation and tariffs are primary reasons for diminishing bank account balances [1]. - A significant portion of Americans, 56%, struggled to cover their bills and expenses in 2024, with only 38% managing to spend less than they earned [2]. Group 2: Overdraft Fees - Overdraft fees can lead to significant financial losses, often costing up to $35 per transaction [4]. - A proposed rule to cap overdraft fees at $5 will not be implemented due to congressional appeal, leaving consumers vulnerable to high fees [4]. Group 3: Savings and Investment Strategies - Keeping all cash in a high-yield savings account may not be beneficial, especially when considering after-tax returns and inflation [6]. - An example illustrates that a $10,000 savings account earning 3.5% results in an after-tax growth of only 2.6%, which is less than the inflation rate of 2.9% [7]. - The article stresses the importance of investing rather than solely saving, as failing to grow money after taxes can lead to a gradual loss of wealth [8].

Core Insights - XRP experienced a significant intraday collapse of 41%, dropping from $2.77 to $1.64, before rebounding to close above $2.47 as institutional bids returned following panic liquidations [2][3]. Price Action Summary - The steepest drawdown occurred between 19:00–21:00 UTC, with XRP dropping $1.08 on a volume of 817 million, marking a capitulation candle for the week [4]. - An immediate rebound to $2.34 established a new base, with the price climbing steadily to $2.49 by 15:00 UTC [4]. - The final hour saw a narrow trading band of $0.03 ($2.46–$2.49) with a volume of 2.2 million, indicating consolidation rather than exit flows [4]. Technical Analysis - Intraday volume peaked at 817 million, nearly tripling recent daily averages, with volatility reaching 41% [6]. - Institutional accumulation was observed between $2.34–$2.45 as large holders rebuilt exposure during the bounce [6]. - Key resistance remains at $3.05, with upside projections towards $3.65–$4.00 if recovery momentum is sustained [6]. Market Structure - Support is established at $1.64 as the capitulation low, with $2.40–$2.45 forming an accumulation floor [7]. - Resistance at $3.05 serves as a breakout trigger, with a close above signaling structural recovery [7]. - A bullish recovery channel is developing, with momentum indicators turning positive above $2.47 [7].

President Trump threatened stiff new tariffs on imports from China. The Dow, NASDAQ, and S&P 500, all closing down sharply on Friday. That threat from President Trump on new Chinese tariffs is immediately having an impact on the economy and on your wallet.The S&P slide was the biggest drop since global tariffs were announced back in April. This latest tariff rate will be at a 100% rate, and that's on top of already existing taxes on everything from steel and aluminum currently at 50% to toys and furniture. ...

BREAKING: 🇺🇸🇨🇳 TRUMP CONFIRMS 130% CHINA TARIFFS FROM NOV 1, WITH NEW EXPORT CURBS ON KEY SOFTWARE. https://t.co/QPBt1eoGwL ...

Core Insights - A new wave of tax refunds is expected for Americans in 2026, driven by tax cuts from the One Big Beautiful Bill Act (OBBBA) retroactively effective from January 1, 2025 [1] - The average tax refund is projected to increase to approximately $3,743 in 2026, up from $3,186 in the previous tax year, indicating a potential increase of $557 [2] - The distribution of these tax benefits is uneven, with specific groups benefiting more than others, which could lead to unintended economic consequences [2][3] Tax Cuts and Deductions - The OBBBA tax cuts primarily benefit certain demographics, such as those earning overtime and tips, car owners financing U.S.-assembled vehicles, seniors over 65, and families with children due to an enhanced child tax credit [3] - Most tax breaks provided by the OBBBA are deductions rather than credits, meaning higher-income individuals will receive greater benefits due to their higher marginal tax rates [4] Tariffs and Economic Impact - While personal income taxes are being cut, the Trump administration is simultaneously increasing import tariffs, with the effective tariff rate currently at 8% and projected to rise to 14.5% [5]

💥BREAKING:TRUMP REAFFIRMS 130% TARIFFS ON CHINA STARTING NOVEMBER 1. https://t.co/MPIkS3zegh ...

Major stock indexes closed sharply lower Friday after President Donald Trump threatened "massive" tariffs on China, reversing early gains that saw the Nasdaq hit a fresh record high. https://t.co/IFmJSDIQHs ...

Changing drinking habits, falling prices, tariffs and the weather are forcing winemakers to do the unthinkable: Rip up the vines https://t.co/Zh1EV4XpwU ...