OpenAI closes $40 billion funding round, largest private tech deal on record

OpenAI Closes $40 Billion Funding Round, Largest Private Tech Deal on Record

In an unprecedented move that has captured the attention of both the tech industry and global investors, OpenAI has successfully closed a monumental $40 billion funding round. This makes it the largest private tech deal ever recorded, surpassing previous funding rounds by major players in the industry and signaling an exciting new phase in the development of artificial intelligence technologies.

The funding round, which took place in the first quarter of 2025, was led by a consortium of institutional investors, venture capital firms, and strategic partners, all eager to secure a stake in OpenAI's future. The round’s size reflects the growing confidence in OpenAI’s unique position at the forefront of AI innovation and its potential to revolutionize industries across the globe.

What Does This Mean for OpenAI?

The influx of capital marks a significant milestone for OpenAI, which has rapidly evolved from a research-focused organization to a commercial powerhouse. Founded with the mission of ensuring that artificial general intelligence (AGI) benefits all of humanity, OpenAI has made significant strides with its flagship products, including the GPT series of language models, DALL·E for image generation, and Codex for coding assistance.

Sam Altman, CEO of OpenAI, expressed optimism about the future following the funding round. "This funding will accelerate our mission to build safe, generalizable AI systems that can solve some of the world's most pressing challenges," Altman said in a statement. "We're thrilled to partner with investors who share our commitment to the ethical deployment of AI, and we remain dedicated to ensuring that these technologies are used for the betterment of society."

Industry Implications

The $40 billion funding round is more than just a financial milestone. It represents a decisive shift in the tech industry's perception of AI as a core driver of future growth. While many of the world's largest companies—like Microsoft, Google, and Amazon—have already made substantial investments in artificial intelligence, OpenAI’s success in closing such a massive funding round has sent a clear message about its leadership role in shaping the future of AI.

The funding will enable OpenAI to expand its research, accelerate product development, and scale its AI offerings to new industries. The company has already demonstrated the potential of AI in areas like healthcare, finance, education, and creative fields. With this new capital, OpenAI is poised to drive even more breakthroughs, tackling problems such as climate change, economic inequality, and healthcare accessibility.

Investors and Strategic Partners

The investors involved in this record-breaking funding round include well-known venture capital firms such as Sequoia Capital, Andreessen Horowitz, and Tiger Global Management, as well as major institutional investors like BlackRock and Fidelity. Strategic partners, including tech giants Microsoft and Amazon, also participated, strengthening their already-established relationships with OpenAI and reinforcing the importance of AI-driven technologies in their long-term business strategies.

Microsoft, which has already invested billions in OpenAI and integrated its models into products like Microsoft Azure, Office, and GitHub, continues to deepen its collaboration. The new funding is expected to further cement the relationship between the two companies, with a focus on expanding AI solutions for enterprise customers.

The Future of AI

As OpenAI accelerates its development of AGI, the ethical implications of its advancements are becoming increasingly important. OpenAI has long championed the responsible development of AI, with a commitment to transparency, safety, and ensuring that its technologies are accessible to all. However, the growing influence and capabilities of AI bring forth complex questions about privacy, security, job displacement, and the potential for misuse.

In response to these concerns, OpenAI has maintained a strong focus on developing robust safety measures and creating regulatory frameworks that ensure AI benefits society at large. As the company’s influence in the AI space grows, it will likely continue to lead the conversation on how to balance innovation with responsibility.

Conclusion

OpenAI’s $40 billion funding round is not just a record-breaking achievement; it is a testament to the enormous potential of AI to transform the world. With this massive infusion of capital, OpenAI is positioned to continue its work in advancing cutting-edge technologies that could redefine entire industries and solve some of humanity’s greatest challenges. As the company takes its next steps into the future, all eyes will be on its next moves, with investors, researchers, and tech enthusiasts eagerly awaiting the breakthroughs to come.

Another day, another record high for gold. Here's what may spark a big pullback.

Another Day, Another Record High for Gold. Here's What May Spark a Big Pullback.

Gold has once again surged to new record highs, drawing the attention of investors, traders, and analysts alike. The precious metal has been on a steady ascent, pushing past previous all-time highs and setting a new benchmark in the midst of a volatile global economic environment. But while the glitter of gold is undeniable, the question arises: how long can this rally last before a significant pullback?

The Current Gold Rally

Gold has always been viewed as a safe haven, a go-to asset during times of financial uncertainty, geopolitical turmoil, and inflation fears. Recent weeks have seen gold prices break through the $2,000 per ounce barrier, a level that had previously been elusive for years. So, what’s behind this rally?

1. Inflation Concerns: Central banks around the world, particularly the U.S. Federal Reserve, have flooded the market with liquidity in response to the COVID-19 pandemic. Despite efforts to tighten, inflation has remained stubbornly high, prompting many to flock to gold as a hedge against rising prices.

2. Geopolitical Tensions: In addition to inflation, geopolitical tensions have driven up the demand for gold. Ongoing conflicts, trade uncertainties, and the specter of further supply chain disruptions have made gold an attractive asset for risk-averse investors.

3. Currency Depreciation: The decline in the value of major currencies, particularly the U.S. dollar, has bolstered gold’s appeal. As the dollar weakens, gold’s value tends to rise, as it becomes a more attractive investment in comparison to other fiat currencies.

What Could Spark a Pullback?

While the rise in gold prices seems unstoppable, there are several factors that could signal an impending pullback. Let’s break down some of the key reasons that could trigger a correction in the gold market.

1. Interest Rate Hikes: One of the most immediate threats to gold’s rally is the possibility of higher interest rates. As inflation continues to remain elevated, central banks, especially the Federal Reserve, may be forced to raise interest rates in an attempt to cool the economy. Higher interest rates typically make non-yielding assets like gold less attractive, as investors flock to bonds and other assets that offer better returns.

2. Strengthening of the U.S. Dollar: A reversal in the trend of a weakening dollar could also put pressure on gold prices. If the U.S. economy strengthens or inflation begins to slow, the dollar could rebound, making gold less appealing for investors. A stronger dollar would reduce the demand for gold as a store of value.

3. Market Overheating: Gold's rapid ascent has led some analysts to question whether the market is overheating. As prices reach new highs, there’s a growing risk that gold is becoming overbought. In technical terms, this could signal a potential correction as traders take profits and the market rebalances.

4. Shift in Investor Sentiment: Gold has enjoyed sustained demand during times of uncertainty, but investor sentiment can change quickly. Should the global economy show signs of stability, or if the fears surrounding inflation and geopolitical risks begin to subside, gold could lose its shine. A shift in sentiment could lead to a sharp reversal as investors seek higher-growth opportunities.

5. Gold Mining Production and Supply: Another factor to consider is the supply side of the gold market. Should global mining operations ramp up or technological advances lead to the discovery of new gold reserves, the market could face an oversupply, which would drive prices down.

How to Navigate the Gold Market

For investors already holding gold, the recent surge presents an opportunity to assess the current portfolio and decide whether to lock in profits or ride out the volatility. Given the possibility of a pullback, diversifying into other asset classes, such as stocks or bonds, could help manage risk. Moreover, employing risk management strategies, like stop-loss orders, could help protect gains in the event of a market correction.

On the flip side, investors looking to enter the gold market might want to wait for signs of stabilization before committing large sums of money. Timing the market perfectly is always a challenge, but watching for signals of an overbought market or a shift in macroeconomic conditions could help avoid getting caught in a downturn.

Conclusion

Gold’s recent rise to record highs is a testament to its enduring value as a hedge against uncertainty. However, as with any rally, the potential for a pullback looms large. Interest rate hikes, a stronger dollar, market overheating, and changes in investor sentiment are all factors that could lead to a sharp correction in gold prices. As always, investors should approach the market with caution and be prepared for potential volatility ahead.

US Treasury Targets Hezbollah Individuals and entities helping to finance the Hezbollah terrorist group were sanctioned by the Department of the Treasury on March 28.

US Treasury Targets Hezbollah

Individuals and entities helping to finance the Hezbollah terrorist group were sanctioned by the Department of the Treasury on March 28.

On March 28, the U.S. Department of the Treasury announced a new round of sanctions targeting individuals and entities involved in financing the Hezbollah terrorist group. The action, part of ongoing efforts to disrupt Hezbollah's financial networks, is aimed at those who provide critical support to the organization, facilitating its violent operations and destabilizing activities throughout the Middle East.

The Treasury’s Office of Foreign Assets Control (OFAC) designated key Hezbollah financiers and their associated entities, making them subject to asset freezes and prohibiting U.S. individuals and entities from doing business with them. The move underscores the U.S. government’s commitment to combating terrorism financing and sending a clear message to Hezbollah’s supporters and enablers.

Targeting Financial Infrastructure

The sanctioned individuals and entities are alleged to play pivotal roles in Hezbollah's financial operations, including managing illicit fundraising, facilitating the transfer of funds to the group’s operatives, and laundering money through complex financial networks. These sanctions are designed to further isolate Hezbollah from the global financial system, limiting its ability to generate and transfer the resources it needs to execute violent campaigns in Lebanon, Syria, and beyond.

In a statement, the U.S. Treasury Department highlighted that Hezbollah, a Lebanon-based Shiite militant group, continues to engage in violent and destabilizing activities throughout the region, with the backing of Iran. Hezbollah has long been designated as a Foreign Terrorist Organization (FTO) by the U.S. government and remains a significant threat to regional peace and security.

A Broader Campaign Against Terrorism Financing

The March 28 sanctions are part of a broader U.S. strategy to target the financial infrastructure of terrorist groups worldwide. The Treasury Department has consistently ramped up efforts to disrupt funding streams that sustain terrorist activities, using its powerful sanctions tools to counter the flow of money used for recruitment, procurement of weapons, and carrying out attacks.

Treasury Secretary Janet Yellen emphasized that the U.S. remains committed to holding those who aid and abet terrorism accountable. "Today’s action targets individuals and entities that enable Hezbollah's terrorist activities," she said. "By targeting their financial lifelines, we will continue to disrupt Hezbollah’s operations and limit their capacity to cause harm."

International Cooperation

The Treasury Department also underscored the importance of international cooperation in the fight against terrorism financing. While Hezbollah’s operations are global in nature, the U.S. often works closely with its allies to identify and dismantle financial networks supporting the group. International collaboration plays a critical role in tracking illicit financial transactions and ensuring that Hezbollah is denied access to critical resources that fuel its terror operations.

A Strategic Approach to Weakening Hezbollah

The new sanctions are a key part of a strategic approach aimed at weakening Hezbollah’s global influence, destabilizing its operations, and deterring new recruits from joining the group. By directly targeting the financial structures that sustain Hezbollah, the U.S. seeks to diminish its operational capacity and make it more difficult for the organization to carry out its violent agenda.

As tensions remain high in the Middle East, the U.S. Treasury's move on March 28 sends a clear signal to Hezbollah and its supporters: there will be consequences for those who aid in the financing of terrorism. With ongoing sanctions and continued efforts to curb Hezbollah’s financial resources, the U.S. remains committed to preventing further acts of violence and promoting regional security.

In closing, the U.S. Treasury's latest sanctions reflect a continued effort to combat the threat posed by Hezbollah, striking at the heart of its financial apparatus while signaling that the U.S. will not tolerate the support of terrorism on any front.

The 5 best neobanks and fintech companies of 2025: These tech-forward financial technology companies provide high yields, low fees, and many other perks.

The 5 Best Neobanks and Fintech Companies of 2025: Revolutionizing the Future of Banking

In 2025, the financial industry continues to evolve at lightning speed, with neobanks and fintech companies leading the charge. These tech-forward financial institutions are shaking up the traditional banking system by offering high yields, low fees, and a wide range of innovative features tailored to meet the demands of modern consumers. As more people move away from brick-and-mortar banks in favor of digital-first financial solutions, the competition among these companies is fierce, with many offering enticing perks that are hard to ignore.

Here are the 5 best neobanks and fintech companies of 2025 that are making waves in the industry:

1. Chime

Chime continues to dominate the fintech space in 2025 with its commitment to providing users with a no-fee, user-friendly banking experience. As a digital-only bank, Chime offers savings and checking accounts with no monthly maintenance fees, no overdraft fees, and access to a robust network of ATMs. What sets Chime apart is its high-yield savings accounts that offer competitive interest rates, along with the ability to automate savings goals directly from your paycheck.

One of Chime’s standout features is its SpotMe program, which offers fee-free overdraft protection on eligible accounts. This innovative feature helps customers avoid the usual overdraft fees and keep their financial goals on track. With a growing user base and a relentless focus on customer satisfaction, Chime has cemented its place as a top choice for digital banking.

2. SoFi

SoFi has rapidly evolved from a student loan refinancing company into a full-fledged fintech powerhouse. In 2025, SoFi offers a wide array of products, including high-yield savings accounts, cash management services, investment tools, home loans, and personal loans—all accessible from an intuitive mobile app.

SoFi’s Money account, which combines the benefits of both checking and savings accounts, provides users with no-fee ATM access at over 55,000 locations, alongside a competitive APY (annual percentage yield) on deposits. For those seeking to grow their wealth, SoFi’s investment platform provides commission-free trading, along with robust educational resources to help both beginner and experienced investors make informed decisions. SoFi also offers a unique rewards program, allowing customers to earn points for various activities that can be redeemed for cashback or other perks.

3. Revolut

With a global presence and a rapidly expanding customer base, Revolut continues to disrupt the traditional banking industry. In 2025, Revolut offers a full suite of financial services, including mobile banking, cryptocurrency trading, stock investments, and travel perks—all within a single app.

Revolut stands out for its competitive exchange rates and fee-free international spending, making it an excellent choice for travelers and those who need to manage multiple currencies. Its premium subscription tiers, like Revolut Metal, provide enhanced features, including access to higher interest rates on savings, exclusive cashback deals, and concierge services. Revolut’s emphasis on cryptocurrencies also sets it apart, offering users a chance to trade and invest in digital assets, all while benefiting from low fees.

4. Marcus by Goldman Sachs

Marcus by Goldman Sachs is a well-established player in the fintech world, known for its user-friendly savings and lending products. Launched by the investment banking giant Goldman Sachs, Marcus has quickly gained a reputation for offering some of the best savings account rates in the industry.

In 2025, Marcus continues to offer one of the highest-yield savings accounts, with rates far above the national average. The bank also provides personal loans with competitive interest rates, making it a great choice for customers looking to consolidate debt or fund major life purchases. Marcus is perfect for savers who want to grow their wealth with minimal effort while benefiting from Goldman Sachs' industry-leading financial expertise.

5. Varo Bank

Varo Bank is another strong contender in the neobank space, consistently providing innovative features that attract customers seeking simplicity and high returns. With no monthly fees and a generous APY on savings accounts, Varo has made a name for itself as one of the most reliable digital banks in the market.

In addition to traditional banking services, Varo offers a wide range of financial tools, such as early direct deposit, fee-free cash withdrawals from ATMs, and an automatic savings program that helps customers build financial security. For those looking to grow their wealth, Varo also provides competitive rates on savings, as well as the opportunity to invest in stocks and other assets directly through the app.

Varo’s commitment to transparency and customer satisfaction makes it a standout choice for those looking for a no-fuss banking experience with high rewards.

Why Neobanks and Fintech Are the Future of Finance

As consumers become increasingly dissatisfied with traditional banks, neobanks and fintech companies are taking full advantage of technology to provide solutions that are more in tune with the needs of modern-day banking. From instant transfers and fee-free services to high yields and advanced financial tools, these companies are not only reshaping how we manage money but also setting new standards for the entire industry.

The benefits of switching to digital-first banks are clear: no physical branches, lower operating costs, and a better focus on customer experience. Whether you’re a frequent traveler, a seasoned investor, or someone looking to simplify your finances, these neobanks and fintech companies of 2025 are shaping the future of how we manage and grow our money.

If you’re looking for a better way to bank—one that prioritizes ease, low fees, and maximum value—now is the time to embrace the digital revolution and experience what these innovative companies have to offer.

Conclusion:

With fintech companies leading the way, 2025 marks the year when consumers will truly experience the power of digital banking. From Chime’s no-fee approach to Revolut’s global reach and Marcus by Goldman Sachs’ high-yield offerings, these neobanks and fintech companies offer more than just basic services—they provide a modern, customer-centric experience that challenges the very foundation of traditional banking.

SpaceX set for polar mission Monday

SpaceX Set for Polar Mission Monday

SpaceX is gearing up for another major milestone in its ambitious space exploration endeavors, with a polar orbit mission scheduled for lift-off this Monday. The mission, marking a significant achievement in the company’s push for broader satellite deployment and research capabilities, will see a Falcon 9 rocket launch from the Kennedy Space Center in Florida.

What is a Polar Orbit Mission?

Unlike traditional launches that send spacecraft into the equatorial orbits, a polar orbit mission involves placing satellites into orbits that pass over the Earth’s poles. This allows satellites to observe the planet's surface from a different perspective, offering a distinct advantage in monitoring global weather patterns, climate change, and natural disasters.

In a polar orbit, a spacecraft passes over every part of the Earth's surface as the planet rotates beneath it, making it ideal for Earth observation satellites, scientific missions, and reconnaissance efforts. This kind of orbit is particularly important for remote sensing, as it provides nearly global coverage.

The Payload and Mission Objectives

The payload for Monday’s mission consists of a group of Earth-observing satellites designed to enhance global data collection. These include satellites from both government agencies and private sector clients, focusing on climate research, agricultural monitoring, and disaster response. The mission is expected to deliver these satellites into a sun-synchronous orbit, which ensures that they maintain a consistent angle to the Sun, allowing for accurate and reliable data collection throughout their operational lifespan.

In addition to the payload, this mission will also demonstrate SpaceX’s growing capabilities in providing dedicated launch services for smaller, specialized payloads. The company’s Falcon 9 rocket, known for its reusable design, has become a preferred launch vehicle for numerous commercial and governmental customers worldwide.

The Impact on SpaceX's Future

This mission is not just another routine launch for SpaceX. It signals the company’s continued efforts to expand its footprint in space-related services, particularly in the satellite and Earth observation sectors. As demand for data-driven insights into our planet increases, SpaceX is positioning itself as a key player in providing reliable, cost-effective access to space.

The success of this launch also further solidifies the reliability of the Falcon 9 rocket, SpaceX's workhorse that has achieved a track record of rapid turnaround and reusability. SpaceX's ability to reuse rockets has helped bring down the cost of launching payloads, making space more accessible for a growing number of organizations.

A Look Ahead

Looking to the future, SpaceX is already preparing for more polar missions, with multiple launches planned for the coming months. As part of its long-term vision, the company aims to provide ongoing services for a range of scientific and commercial enterprises looking to tap into the vast potential of space.

With this mission, SpaceX continues to prove that its ambitions are far-reaching, not just in terms of reusable technology and Mars exploration but also in enhancing our understanding of Earth and its changing environment. As the company moves forward, its growing role in supporting both governmental and commercial missions will likely be pivotal in the continued exploration of space.

Conclusion

As SpaceX prepares to launch on Monday, it once again pushes the boundaries of what is possible in space technology and exploration. This polar orbit mission marks another important step in the company’s journey to revolutionize access to space and expand the capabilities of satellites monitoring our planet. The coming days will be crucial as SpaceX aims to continue its legacy of innovation, reusability, and global collaboration in the space industry.

Can DOGE dent inflation? Elon Musk says yes.

 

Can DOGE Dent Inflation? Elon Musk Says Yes

Musk said he thinks DOGE's spending cuts will slow the pace of inflation, helping consumers

Elon Musk, the billionaire entrepreneur and vocal supporter of Dogecoin (DOGE), has made a bold claim: he believes that DOGE’s spending cuts could help slow the pace of inflation and provide relief to consumers. While many economists remain skeptical about the role of cryptocurrencies in macroeconomic policies, Musk’s comments have reignited discussions about whether digital assets like Dogecoin can influence inflationary pressures.

Musk’s Take on DOGE and Inflation

During a recent discussion on social media, Musk suggested that Dogecoin’s recent structural changes—particularly those that reduce its issuance rate and overall spending—could contribute to a broader economic slowdown that might ease inflation. He argued that when spending slows, demand for goods and services decreases, which in turn can put downward pressure on prices.

"If spending contracts, inflation slows," Musk posted. "DOGE’s recent adjustments will likely contribute to that effect, however small."

Can a Meme Coin Really Impact Inflation?

Dogecoin, originally created as a joke in 2013, has gained widespread adoption and legitimacy over the years, thanks in large part to Musk’s endorsements. The coin, which runs on a proof-of-work blockchain similar to Bitcoin, has a steady supply increase but has also seen reductions in reward distributions, potentially affecting liquidity and spending patterns.

Traditional economic models suggest that inflation is primarily driven by factors such as government monetary policy, supply chain disruptions, and wage growth. Cryptocurrency, while gaining traction as an alternative financial asset, remains a small part of the overall economy. That said, Musk's argument hinges on the idea that if enough people treat DOGE as a means of exchange and begin holding rather than spending it, its reduced circulation could mirror deflationary effects seen in traditional fiat currency systems.

Expert Opinions: Skepticism vs. Possibilities

While Musk’s views often move markets, many economists and financial analysts are skeptical about Dogecoin’s ability to influence inflation on a macroeconomic scale.

"Inflation is a complex phenomenon tied to broader economic policies, interest rates, and global supply chains. The idea that a cryptocurrency with relatively low adoption compared to fiat money could influence it significantly is far-fetched," said economist Dr. Linda Carver.

However, crypto analysts see some merit in Musk’s logic. "If Dogecoin were to see a dramatic increase in adoption as a transactional currency and its velocity dropped, there could be localized deflationary effects," said crypto strategist Mark Benson. "But it would take a massive shift in consumer behavior to make a real impact on national inflation rates."

The Real Impact of DOGE on Consumers

While it’s unlikely that Dogecoin will meaningfully impact inflation on a national or global scale, it does have some consumer benefits that align with Musk’s vision. The low transaction fees and fast processing times make DOGE an appealing alternative to traditional payment methods, especially in the realm of microtransactions. Companies like Tesla have even integrated Dogecoin for payments, allowing consumers to purchase merchandise with the cryptocurrency.

Additionally, as more businesses adopt Dogecoin, its usage could contribute to an alternative financial ecosystem that provides some individuals with a hedge against traditional banking systems. However, this remains a speculative outcome rather than a proven inflationary countermeasure.

Final Thoughts

Musk’s belief that DOGE can dent inflation is an interesting, if ambitious, perspective. While reduced spending and currency circulation can influence inflation to some extent, Dogecoin’s role in the broader economy is still too small to drive significant changes. However, as cryptocurrency adoption grows, alternative economic models may emerge that challenge traditional monetary theories. Until then, DOGE remains more of a cultural and financial phenomenon than a policy tool for combating inflation.

Whether or not Dogecoin will ever play a major role in global economics, one thing is certain: as long as Elon Musk continues to support it, DOGE will remain in the spotlight.

Conservative cable channel Newsmax spikes more than 700% in first trading day on NYSE

Conservative Cable Channel Newsmax Skyrockets Over 700% in NYSE Debut

Newsmax, the conservative media company, made a remarkable entrance into the public market on Monday, with its shares surging over 700% during its first day of trading on the New York Stock Exchange (NYSE). The stock, trading under the ticker symbol "NMAX," opened at $14, peaked at $78.27, and settled at $62 by the close, elevating the company's valuation to nearly $8 billion. ​

The impressive debut followed Newsmax's initial public offering (IPO), which raised $75 million through the sale of 7.5 million shares priced at $10 each. This offering constituted approximately 6% of the company's total shares, a limited float that likely contributed to the stock's rapid ascent. ​

Prior to the IPO, Newsmax had bolstered its financial position by securing $225 million through a private preferred stock placement in February. The company's revenue demonstrated significant growth, increasing by 35% in the first half of 2024 to $79.8 million, though it reported a net loss of $55.5 million during the same period. ​

Founded in 1998 by CEO Christopher Ruddy, Newsmax has evolved into the fourth-most-watched news channel in the United States, reaching over 40 million Americans monthly across its television broadcasts and multi-platform content. The network has gained prominence for its consistent support of former President Donald Trump, often featuring him as a guest and broadcasting election-related content that resonates with conservative audiences. ​

The stock's extraordinary performance led to multiple trading halts throughout the session due to high volatility. Despite a slight decline of about 3% in after-hours trading, the debut underscores strong investor interest in media outlets that cater to conservative viewership. ​

Newsmax's successful IPO and subsequent stock surge highlight its growing influence in the media landscape and suggest a robust appetite among investors for companies aligned with conservative perspectives.

Gold touches new high, on pace for best quarterly performance in nearly 40 years

Gold Touches New High, On Pace for Best Quarterly Performance in Nearly 40 Years

Gold prices surged to a new all-time high this week, capping off a historic rally that positions the precious metal for its best quarterly performance in nearly four decades. The surge comes amid heightened geopolitical tensions, inflationary concerns, and increased demand from central banks and investors seeking safe-haven assets.

Historic Performance

Gold prices climbed above $2,250 per ounce, setting a new record as investors continue to flock to the metal amid economic uncertainty. The precious metal has gained over 15% since the beginning of the year, marking its strongest quarterly performance since 1986. The rally has been fueled by a combination of factors, including interest rate expectations, geopolitical instability, and currency fluctuations.

Factors Driving the Surge

Several key factors have contributed to gold’s remarkable rise:

1. Federal Reserve Policy and Interest Rates
   The Federal Reserve’s stance on interest rates has played a crucial role in gold’s performance. With expectations that the Fed may ease its aggressive rate hikes later this year, investors have turned to gold as an attractive hedge against economic uncertainty and potential dollar depreciation.

2. Inflation Concerns
   Despite signs of cooling inflation, persistent concerns about rising consumer prices have kept gold in demand. As a traditional store of value, gold often benefits from inflationary pressures that erode the purchasing power of fiat currencies.

3. Geopolitical Tensions
   Ongoing geopolitical tensions, including conflicts in Eastern Europe and the Middle East, have increased demand for safe-haven assets like gold. Investors seek stability in gold as global uncertainty escalates.

4. Central Bank Buying
   Central banks worldwide have been accumulating gold at a record pace, diversifying their reserves away from the U.S. dollar. China, India, and Russia have all significantly increased their gold holdings, further supporting prices.

5. Weaker U.S. Dollar
   The U.S. dollar’s recent weakness has made gold more attractive to foreign investors. Since gold is priced in dollars, a weaker greenback makes it more affordable for buyers using other currencies, boosting demand.

Market Outlook

Analysts remain optimistic about gold’s prospects, with many predicting further gains if the Federal Reserve signals rate cuts later this year. Some projections suggest gold could climb above $2,300 per ounce if economic uncertainties persist.

"Gold’s strong momentum suggests that investors are positioning for continued economic turbulence and market volatility," said John Michaels, a commodities strategist at Global Asset Management. "With central banks buying aggressively and interest rates likely to soften, gold could see further upside."

Investor Strategies

Investors looking to capitalize on gold’s strength have several options, including:

• Physical Gold – Buying gold bars and coins remains a popular choice for long-term investors.

• Gold ETFs – Exchange-traded funds (ETFs) offer a more liquid way to gain exposure to gold prices.

• Mining Stocks – Shares of gold mining companies tend to benefit from rising gold prices and offer additional leverage to the metal’s movements.

• Gold Futures and Options – More sophisticated investors may opt for futures and options contracts to trade gold with leverage.

Conclusion

Gold’s ascent to a new record high and its best quarterly performance in nearly 40 years underscore the metal’s enduring appeal as a safe-haven asset. As investors navigate an environment of economic uncertainty, inflation concerns, and geopolitical risks, gold appears well-positioned to maintain its upward trajectory. With the potential for further gains, the yellow metal continues to shine as one of the most resilient investment assets in today’s financial markets.

The Three Biggest Fears Keeping Retirees Up at Night

The Three Biggest Fears Keeping Retirees Up at Night

Here are the steps you can take to put those fears to rest and retire with confidence so you can relax and enjoy the life you've planned.

Retirement should be a time of relaxation and fulfillment, but for many, it comes with sleepless nights filled with worry. The transition from a steady paycheck to relying on savings and investments can be daunting, and retirees often find themselves grappling with three major fears: running out of money, rising healthcare costs, and unexpected life changes. Fortunately, with the right planning and strategies, these fears can be managed so you can enjoy the retirement you’ve worked so hard for.

Fear #1: Running Out of Money

One of the biggest concerns retirees face is whether their savings will last. With longer life expectancies and the unpredictability of markets, this fear is understandable.

How to Overcome It:

• Create a Sustainable Withdrawal Plan: Financial experts recommend the 4% rule as a starting point, withdrawing no more than 4% of your portfolio annually to sustain a 30-year retirement. Adjust as needed based on market conditions.

• Diversify Your Income Sources: Relying solely on Social Security or one investment account can be risky. Consider a mix of income sources such as pensions, annuities, rental income, or part-time work.

• Revisit Your Budget Regularly: Assess your spending habits and adjust where necessary to avoid overspending in the early years of retirement.

Fear #2: Rising Healthcare Costs

Healthcare expenses can be a major financial burden, especially as retirees age and require more medical care. Medicare covers many costs, but gaps remain.

How to Overcome It:

• Plan for Long-Term Care: Consider long-term care insurance or a hybrid life insurance policy with a long-term care rider to cover potential expenses.

• Maximize Medicare Benefits: Research and enroll in the right Medicare plan, including supplemental (Medigap) or Medicare Advantage plans that best suit your needs.

• Build a Health Savings Account (HSA): If you’re still working and have a high-deductible health plan, contribute to an HSA to save tax-free money for future medical expenses.

Fear #3: Unexpected Life Changes

Life is unpredictable, and retirees worry about unexpected events such as the death of a spouse, market downturns, or the need to financially support adult children.

How to Overcome It:

• Have an Emergency Fund: Keep 6-12 months’ worth of living expenses in a liquid account to handle sudden costs without disrupting your long-term investment strategy.

• Prepare Estate and Legacy Plans: Ensure you have updated wills, powers of attorney, and beneficiary designations so your assets are protected and distributed according to your wishes.

• Stay Flexible and Adaptable: Regularly review and adjust your financial plan as life circumstances change to stay on track.

Final Thoughts

While retirement fears are common, they don’t have to keep you up at night. By proactively planning for financial longevity, healthcare costs, and life’s uncertainties, you can retire with confidence. Work with a trusted financial professional to ensure your plan aligns with your goals so you can focus on what truly matters—enjoying the life you’ve envisioned.

How Much Does Being Rich Matter in Retirement? After a certain point, having more money in retirement won't make you any happier, new research shows.

 

How Much Does Being Rich Matter in Retirement?

For decades, Americans have been told that saving as much money as possible is the key to a comfortable and fulfilling retirement. The financial industry often reinforces the idea that bigger nest eggs lead to happier retirements, but new research suggests that wealth has diminishing returns on happiness after a certain point. Instead, factors like physical health, a sense of purpose, and financial peace of mind matter more than having millions in the bank.

The Limitations of Wealth in Retirement Happiness

It’s undeniable that financial security is important in retirement. Having enough to cover basic living expenses, healthcare, and a few discretionary activities is crucial. However, studies have shown that beyond a certain income level—often cited around $75,000 to $100,000 annually—additional wealth does little to increase overall happiness.

A recent study from the National Bureau of Economic Research found that retirees who are financially comfortable but lack purpose or good health often feel just as dissatisfied as those who struggle financially. The problem? Money alone doesn’t provide meaning or well-being in later life.

Health: The True Wealth of Retirement

One of the strongest predictors of happiness in retirement is physical health. Without good health, even the wealthiest retirees may find themselves unable to enjoy their golden years. The cost of healthcare alone can quickly erode retirement savings, especially for those with chronic conditions. Investing in preventive care, exercise, and a healthy lifestyle can contribute more to long-term well-being than an oversized investment portfolio.

A Sense of Purpose is Priceless

Another critical component of a satisfying retirement is having a sense of purpose. For many, work provides structure, socialization, and identity. When that ends, retirees who don’t actively seek new sources of fulfillment—such as volunteering, hobbies, or part-time work—may feel lost or unmotivated. Studies have shown that retirees who engage in meaningful activities report higher levels of life satisfaction than those who simply focus on financial security.

Debt: The Hidden Happiness Killer

Retirement should be a time of financial freedom, but many retirees enter their later years burdened by debt, particularly credit card and medical debt. Unlike a mortgage, which is often planned for in retirement, high-interest debt can create stress and financial strain, diminishing the enjoyment of retirement regardless of income level. Retirees who focus on reducing or eliminating debt before leaving the workforce tend to experience far greater financial peace of mind.

Conclusion: Wealth Alone Isn’t Enough

While financial security is essential, being “rich” in retirement is not just about money. A fulfilling retirement is built on good health, a sense of purpose, and freedom from unnecessary financial burdens. Instead of solely focusing on accumulating wealth, retirees should invest in their well-being, relationships, and personal growth to ensure their later years are as rewarding as possible.

3 Stocks to Watch as Apple's ChatGPT Integration Shakes Up The Tech World

3 Stocks to Watch as Apple's ChatGPT Integration Shakes Up The Tech World

Apple’s recent announcement of its ChatGPT integration is sending shockwaves through the tech industry. With artificial intelligence (AI) now firmly embedded in Apple’s ecosystem, the competitive landscape is evolving at an unprecedented pace. As investors scramble to assess the winners and losers of this seismic shift, three companies stand out as potential beneficiaries of this groundbreaking development.

1. Nvidia (NVDA) – The AI Powerhouse

Nvidia, already a dominant force in the AI revolution, is positioned to benefit significantly from Apple’s embrace of ChatGPT. The company’s high-performance GPUs are the backbone of AI model training and inference, making it a key supplier for companies pushing the boundaries of AI-driven applications. With Apple’s integration of ChatGPT likely fueling greater demand for AI processing power, Nvidia’s growth trajectory could steepen as it supplies the infrastructure that powers AI at scale.

2. Microsoft (MSFT) – The ChatGPT Enabler

As a major investor in OpenAI, Microsoft is at the center of the ChatGPT phenomenon. Apple’s decision to incorporate ChatGPT into its ecosystem could enhance Microsoft’s AI licensing revenue, reinforcing its dominance in the enterprise AI space. Additionally, Microsoft's Azure cloud platform, which hosts OpenAI's models, stands to benefit from increased demand for AI-powered services. This move also strengthens Microsoft’s hand in its ongoing competition with Google in the AI race.

3. Advanced Micro Devices (AMD) – The Challenger Rising

While Nvidia has long been the undisputed leader in AI chips, AMD is rapidly closing the gap with its new line of AI-focused accelerators. As Apple’s ChatGPT integration drives higher adoption of AI applications, demand for cost-effective, high-performance AI hardware is set to rise. AMD’s recent strides in AI-centric chip development make it an intriguing stock to watch as companies look for alternatives to Nvidia’s offerings.

Final Thoughts

Apple’s decision to integrate ChatGPT marks a pivotal moment in the evolution of AI and its mainstream adoption. As the tech landscape adapts, Nvidia, Microsoft, and AMD stand out as key players poised to gain from this shift. While volatility is inevitable in such a rapidly evolving space, these three stocks present compelling opportunities for investors looking to capitalize on Apple’s AI push.

As always, investors should conduct thorough research and consider their risk tolerance before making any investment decisions. The AI revolution is just beginning, and the companies that power it are set to define the future of technology.

Markets Could Have 'Right Pieces' for a Bottom This Week

Fundstrat’s Tom Lee Sees Relief After April 2 Tariff Deadline

The U.S. stock market has been under heavy selling pressure in recent weeks, weighed down by concerns over interest rates, geopolitical tensions, and economic uncertainty. However, according to Tom Lee, Managing Partner and Head of Research at Fundstrat Global Advisors, investors may finally see signs of stabilization as early as this week.

Lee suggests that several factors are aligning that could help markets find a bottom, including the approaching April 2 tariff deadline, which he believes has been a major overhang on sentiment. Once this deadline passes, Lee expects some of the downward pressure on equities to ease, creating the conditions necessary for a potential rebound.

The Role of Tariff Uncertainty

Tariff-related anxieties have played a significant role in recent market fluctuations. Investors have been wary of potential new trade restrictions, particularly those impacting key sectors such as technology and industrials. The April 2 deadline represents a crucial moment in these negotiations, and clarity on the situation—regardless of the outcome—could provide a much-needed psychological boost to investors.

“Once we get past this tariff deadline, some of the selling pressure should lift,” Lee explained. “Investors tend to sell into uncertainty, but once the event is behind us, markets can start to focus on fundamentals again.”

Other Positive Market Signals

In addition to the tariff situation, Lee highlights other factors that could support a market bottom:

• Seasonal Strength: April has historically been a strong month for equities, often bringing a rebound following first-quarter volatility.

• Institutional Buying: With major earnings reports approaching, institutional investors may start re-entering the market at what they perceive as attractive valuations.

• Federal Reserve Policy: While rate concerns remain, recent comments from Federal Reserve officials suggest a measured approach to future hikes, which could ease market anxiety.

Risks Still Remain

Despite these potential tailwinds, Lee acknowledges that markets are not out of the woods yet. Inflationary pressures, geopolitical risks, and earnings disappointments could still weigh on investor sentiment. However, if selling pressure does indeed subside after April 2, the market could be in a stronger position to build a foundation for a sustained recovery.

Outlook: A Turning Point?

While no one can predict market bottoms with certainty, Lee’s analysis suggests that conditions may be aligning for a stabilization and potential recovery. As the April 2 deadline passes, investors will be watching closely to see if selling pressure abates and if markets can shift focus back to fundamentals.

For now, cautious optimism may be warranted, with the coming days potentially marking a turning point for equities.

Gold is on record run as stocks tank

Gold is on Record Run as Stocks Tank

Gold prices have surged to record highs, fueled by economic uncertainty and a dramatic downturn in stock markets. Investors seeking safety amid market volatility have driven the precious metal beyond previous peaks, underscoring its enduring appeal as a hedge against financial turmoil.

Gold’s Meteoric Rise

The price of gold has shattered previous records, climbing above $2,200 per ounce for the first time in history. This rapid ascent comes as central banks around the world continue to grapple with inflation, geopolitical tensions, and the lingering effects of high interest rates. Analysts suggest that gold’s rally is far from over, with some projecting further gains as investors move capital away from riskier assets.

Stock Market Woes

In stark contrast to gold’s bull run, stock markets have suffered sharp declines. The S&P 500, Dow Jones Industrial Average, and Nasdaq have all experienced steep losses as investors react to disappointing earnings reports, concerns over economic slowdown, and uncertainty in global markets. The tech sector, which had driven much of the recent stock rally, has been particularly hard hit, with major companies posting lower-than-expected revenues and issuing cautious forecasts.

Why Gold is Thriving

Several factors are contributing to gold’s record-breaking surge:

• Inflationary Pressures: Persistent inflation has eroded confidence in fiat currencies, making gold an attractive store of value.

• Interest Rate Concerns: Despite central banks’ efforts to stabilize economies, uncertainty surrounding future rate hikes has prompted investors to seek refuge in gold.

• Geopolitical Unrest: Ongoing conflicts and trade disputes have heightened global economic risks, leading investors to allocate more funds to safe-haven assets.

• Central Bank Demand: Governments and financial institutions worldwide have been increasing their gold reserves, further supporting the metal’s upward momentum.

What’s Next?

Market analysts remain divided on gold’s trajectory. Some believe the rally will continue as economic uncertainties persist, while others caution that profit-taking and potential interest rate adjustments could trigger a pullback. Regardless of short-term fluctuations, gold’s role as a hedge against volatility appears stronger than ever.

For investors, the message is clear: gold remains a crucial asset in times of economic stress. Whether the current rally extends further or experiences corrections, its performance relative to struggling stock markets underscores its importance as a financial safe haven.

Stock market today: S&P 500 in Q1 loss despite jump; ’liberation day’ tariffs loom

The U.S. stock market concluded the first quarter of 2025 on a turbulent note, with the S&P 500 recording a 4.6% decline—the steepest quarterly drop since 2022. Despite a modest 0.6% uptick on March 31, closing at 5,611.85, the overall quarterly performance underscores investor apprehension amid escalating trade tensions. ​

President Donald Trump's impending "Liberation Day" tariffs, set to commence on April 2, have intensified market volatility. These tariffs aim to impose "reciprocal" duties on imports, potentially affecting trade with nations such as the European Union, South Korea, Brazil, and India. The administration asserts that these measures will reduce U.S. reliance on foreign goods and stimulate domestic manufacturing. ​

However, economists express concerns that these tariffs may exacerbate inflation and hinder economic growth. Goldman Sachs has increased its inflation forecast and raised the probability of a recession to 35%, citing slowing growth and declining business confidence. Additionally, the Federal Reserve's recent projections indicate expectations of slower U.S. growth, coupled with higher inflation and unemployment, complicating monetary policy decisions. ​

The technology sector has been notably impacted, with the Nasdaq Composite falling 10.4% over the quarter. Major tech companies, including Nvidia, Tesla, Apple, and Microsoft, have experienced significant stock declines. International markets have also felt the strain, as European and Asian stocks declined in anticipation of global tariffs. Automakers like Toyota, Nissan, and Honda faced substantial losses amid fears of a 25% tariff on imported vehicles. ​

As "Liberation Day" approaches, investors remain cautious, bracing for potential retaliatory measures from trading partners and the broader implications of a protracted trade conflict. The uncertainty surrounding these developments continues to cast a shadow over the global economic landscape.

History shows S&P 500 does well in April after a weak March, BTIG says

Historical data suggests that the S&P 500 often rebounds in April following a weak March. According to The Motley Fool, since 1957, the S&P 500 has gained ground in 73% of Aprils, increasing to 80% since 1994, and has risen in nine of the past ten Aprils. Over the last three decades, the index has averaged a 2.03% return in April, making it one of the best-performing months. ​

However, recent market conditions present challenges. The first quarter of 2025 saw the S&P 500 decline by 4.6%, its worst first quarter since 2022, amid concerns over tariffs, declining consumer confidence, and fears of inflation and recession. ​

Additionally, the impending implementation of significant tariffs on imported goods, set for April 2, has heightened market uncertainty. These tariffs are expected to impact earnings by increasing costs and affecting profit margins, particularly in sectors like consumer discretionary and technology. ​

Despite these headwinds, some analysts remain optimistic. Technical patterns, such as the recent double bottom formation, suggest a potential end to the current downtrend and the onset of an uptrend. Craig Johnson, Chief Market Technician at Piper Sandler, believes this pattern indicates a positive setup leading into April, historically a bullish month for stocks. ​

In conclusion, while historical trends indicate that the S&P 500 often performs well in April following a weak March, current economic uncertainties, including tariff implementations and recession fears, may influence this year's market performance. Investors should remain vigilant and consider both historical data and present market conditions when making investment decisions.​

Trump threatens Russia oil penalties citing anger at Putin

In a significant escalation of diplomatic pressure, President Donald Trump has expressed profound frustration with Russian President Vladimir Putin over the ongoing conflict in Ukraine. Trump has threatened to impose substantial tariffs on Russian oil exports if a ceasefire is not achieved within the next month. ​

During a recent address, Trump proposed implementing tariffs ranging from 25% to 50% on nations purchasing Russian oil, a move aimed at diminishing Russia's vital energy revenues. This strategy mirrors previous U.S. actions that targeted countries like Venezuela to curb their geopolitical ambitions through economic means. ​

The Kremlin has responded by attempting to downplay the situation. Spokesman Dmitry Peskov emphasized ongoing efforts to rebuild U.S.-Russia relations and expressed openness to dialogue. However, he noted that no meeting between Trump and Putin is currently scheduled, though one could be arranged if necessary. ​

Trump's impatience with the stalled negotiations has raised concerns within Russia about the effectiveness of prolonged diplomatic tactics. The proposed tariffs could significantly impact major buyers of Russian oil, including China and India, potentially reducing Russia's crucial oil revenues and affecting its military financing. ​

In addition to the proposed tariffs, Trump has hinted at possible military action against Iran if a nuclear agreement is not reached and has discussed imposing fresh tariffs on Venezuela. These developments underscore the administration's broader strategy of leveraging economic measures to achieve foreign policy objectives. ​

The situation in Ukraine remains volatile, with continued Russian military actions and ongoing disputes over critical mineral deals and other diplomatic issues. The international community watches closely as the deadline approaches, anticipating the potential economic and geopolitical ramifications of the proposed U.S. actions. ​

S&P 500 fights into the green Monday, shaking off jitters ahead of tariff rollout

S&P 500 Fights into the Green Monday, Shaking Off Jitters Ahead of Tariff Rollout

The S&P 500 managed to eke out gains on Monday, shaking off early-session jitters as investors braced for the rollout of new trade tariffs set to take effect later this week. Despite initial weakness, the benchmark index found its footing and turned positive, reflecting resilience in the face of ongoing trade uncertainty.

Market Performance

The S&P 500 closed up 0.4%, marking a modest recovery from early losses. The Dow Jones Industrial Average followed suit, rising 0.3%, while the Nasdaq Composite outperformed with a 0.6% gain, bolstered by strength in technology stocks.

A combination of investor caution and economic optimism kept markets in check throughout the day. While concerns over tariffs initially weighed on sentiment, better-than-expected manufacturing data helped fuel a rebound in equities. The ISM Manufacturing Index for March came in at 52.4, surpassing economists’ expectations and signaling continued expansion in the sector.

Tariff Anxiety and Market Reaction

Investors started the week on edge ahead of the scheduled implementation of additional tariffs on key Chinese imports. The latest round of trade measures, expected to take effect on Friday, has fueled speculation over potential retaliatory actions and their impact on global supply chains.

Despite these concerns, Wall Street found support from comments by Treasury Secretary Janet Yellen, who expressed optimism about ongoing trade negotiations. Yellen noted that while trade tensions remain a challenge, the Biden administration continues to seek constructive engagement with China to mitigate economic disruptions.

Sector Performance

Technology stocks led the market higher, with semiconductor firms posting notable gains amid optimism over sustained demand. Nvidia (NVDA) rose 1.8%, while Advanced Micro Devices (AMD) gained 2.1%.

Energy stocks also rebounded as oil prices climbed, with West Texas Intermediate (WTI) crude rising 1.5% to settle above $82 per barrel. ExxonMobil (XOM) and Chevron (CVX) each posted gains of more than 1%.

Conversely, consumer discretionary stocks lagged as concerns over tariff-related cost pressures loomed over retailers. Walmart (WMT) and Target (TGT) both edged lower on the day, reflecting investor caution ahead of potential pricing adjustments.

Looking Ahead

As the tariff rollout nears, market participants will closely watch for updates from Washington and Beijing. Any indications of last-minute trade talks or policy adjustments could sway investor sentiment. Additionally, upcoming inflation data and the Federal Reserve’s next moves on interest rates remain key focal points for traders navigating an increasingly complex economic landscape.

While uncertainty persists, Monday’s market performance underscores the resilience of equities amid geopolitical and economic headwinds. With earnings season approaching, investors will be looking for corporate guidance on how companies plan to navigate ongoing challenges in the months ahead.

Stocks making the biggest moves midday: CoreWeave, Canada Goose, Tesla, United Airlines and more

As of midday on March 31, 2025, several notable stocks have experienced significant movements, reflecting broader market trends and company-specific developments.​

Tesla (TSLA): Tesla's stock declined by 6.2% in morning trading. Analysts have expressed concerns over the company's vehicle deliveries for the past few months, with production delays of the new Model Y and protests against CEO Elon Musk contributing to the uncertainty. Stifel analyst Stephen Gengaro reduced his first-quarter delivery forecast by 23%, maintaining a buy rating but lowering the price target to $455. ​

CoreWeave (CRWV): The Nvidia-backed cloud computing company saw its stock price fall by approximately 9% to under $37 on its second trading day. The decline is attributed to broader market concerns, particularly investor anxiety over the Trump administration's tariff policy, which has affected tech shares, especially those tied to artificial intelligence. ​

Canada Goose Holdings (GOOS): Shares of the luxury apparel manufacturer dropped 5.9% following a downgrade by Barclays. The company recently announced the renewal of its normal course issuer bid, allowing for the purchase and cancellation of up to 4,556,841 subordinate voting shares between November 22, 2024, and November 21, 2025, viewing this as an appropriate use of excess cash within its capital allocation strategy. ​

United Airlines (UAL): The airline's stock experienced a decline amid broader market volatility and sector-specific challenges. The aviation industry continues to navigate fluctuating demand and operational hurdles, impacting investor sentiment.​

Moderna (MRNA): The biotech company's shares plummeted by 8% following the resignation of a key FDA official, Dr. Peter Marks, adding to uncertainty in the biotech sector. ​

Mr. Cooper Group (COOP): In contrast, shares surged by 15% upon news of its acquisition by Rocket Companies. However, Rocket Companies' stock fell by 5.2% following the announcement. ​

Overall, the S&P 500 declined by 0.4%, with technology and consumer discretionary sectors leading the downturn. The Dow Jones Industrial Average, however, rose by 0.2%, showing resilience despite broader market challenges. ​

Investors are advised to monitor these developments closely, considering both macroeconomic factors and company-specific news when making investment decisions.

Goldman raises odds of US recession to 35%​

Goldman Sachs has raised the probability of a U.S. recession within the next 12 months to 35%, up from 20%, citing escalating trade tensions and inflationary pressures stemming from President Donald Trump's tariff policies. ​

The administration plans to implement "reciprocal" tariffs averaging 15% across all U.S. trading partners, a move anticipated to significantly impact global trade dynamics. These tariffs are expected to raise consumer prices, leading Goldman Sachs to adjust its year-end 2025 core Personal Consumption Expenditures (PCE) inflation forecast to 3.5%. Additionally, the firm has lowered its 2025 GDP growth projection to 1.0%. ​

In response to these economic challenges, Goldman Sachs forecasts three interest rate cuts by the Federal Reserve in 2025, aimed at mitigating the anticipated slowdown. These reductions are projected for July, September, and November. ​

The announcement has already reverberated through global markets. The S&P 500 has entered correction territory, declining 10.7% from its recent peak. International markets have also felt the impact, with the Australian stock market losing $38 billion in value amid fears of a global economic downturn. ​

As the U.S. prepares to implement these tariffs, investors and policymakers are closely monitoring the situation, assessing the potential for further economic instability and its implications for global trade.