Wednesday, May 14, 2025

Chinese imports plummet

Also: The right mix of stocks and bonds ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed May 14 2025

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

Chinese imports to the U.S. dropped to their lowest levels since the pandemic as punishing tariffs began to take hold in March, according to recently released Census trade data.

The drop in trade was a major impetus for talks over the weekend that led to steep reductions in tariffs on both sides. Click here for the full report .

Is the 60/40 rule staging a comeback?

If you invest according to the classic 60/40 rule, with three fifths of your nest egg in stocks and two fifths in bonds, then take a moment to pat yourself on the back: It's a pretty good strategy.

That's the conclusion of a new report from Morningstar, the financial services firm.

What's the right mix of stocks and bonds in your retirement portfolio? Click here for some answers.

House Republicans defend program cuts

House Republicans defended a bill that would enact sweeping tax cuts, raise the debt ceiling, and add restrictions to benefit programs during a heated marathon day of committee hearings on Capitol Hill.

Three separate panels reviewed the legislation that would become part of a massive package to implement President Donald Trump's agenda on May 13. Democrats repeatedly slammed the package as a giveaway to the wealthy.

📰 More stories you shouldn't miss 📰

What the China trade deal means for Shein and Temu
Artificial tears recalled
Egg prices fall at last
Ending taxes on Social Security
Is it time to buy bitcoin?

About The Daily Money

Each weekday, The Daily Money  delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

Shipping containers from China are seen at the Port of Los Angeles, in San Pedro, California, U.S., May 1, 2025.

Chinese imports to the U.S. dropped to their lowest levels since the pandemic as punishing tariffs began to take hold in March.

FILE PHOTO: A screen displays the Dow Jones Industrial Average at market close, after Republican presidential nominee Donald Trump became U.S. president-elect, at the New York Stock Exchange, in New York City, U.S., November 6, 2024.
 

Is the 60/40 rule making a comeback in retirement savings?

A new report from Morningstar compares the classic 60/40 investment mix to an all-stock portfolio, with surprising results.

Rep. Jason Smith, R-Mo., speaks during the House Oversight committee hearing on the basis for an impeachment inquiry of President Joseph R. Biden, Jr.
 

Four takeaways from marathon hearings on GOP Medicaid, tax proposals

The proposals will become part of President Donald Trump's sweeping tax cuts and spending bill.

Packs of clothing are pictured at a garment factory for Shein in Guangzhou, Guangdong province, China April 1, 2025.
 

Good news for Shein and Temu? What tariff pause means for inventory

With the de minimis issue absent from Monday's announcement, trade experts said the exemption did not seem to be coming back.

Close-Up Of Liquid Dropping From Pipette
 

Artificial tears, other eye products recalled

Distributor AvKARE was notified of the drug recall by the recalling firm, BRS Analytical Services LLC.

Chicken eggs are showing in an incubator Tuesday, March 18, 2025 at Sunnyside Hatchery in Beaver Dam, Wisconsin.
 

Egg prices fell in April. Will costs continue falling or rise again?

The overall cost of eggs dropped 12.7% in April, marking the first month-to-month decline since October 2024.

Social Security cards superimposed on an image of the U.S. Capitol Building.
 

Lawmakers push to end taxes on Social Security, but could it backfire?

Major changes to tax law would likely hurt retired workers on Social Security. Here's why.

A Bitcoin symbol on a screen.
 

Bitcoin jumps 24% in a month: Is it time to buy?

Here's why Bitcoin's price is jumping higher again and why it might be better to wait out the current wave until the dust has settled on tariffs.

Austan Goolsbee, President of the Federal Reserve Bank of Chicago, speaks at the Stanford Institute for Economic Policy Research (SIEPR) Economic Summit in Palo Alto, California, U.S., February 28, 2025. REUTERS/ Ann Saphir
 

Fed's Goolsbee seeks 'a lot' more good inflation reports to cut rates

Chicago Fed chief Austan Goolsbee called the April inflation report 'comforting' but said he needs to see several more as officials consider rate cuts

USA TODAY
 

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