Medora Lee

Money, Economics and Personal Finance Reporter at USA Today

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Articles

Trump's FY06 budget plan would cut all utilities assistance for 6 million households.

6 days ago | usatoday.com | Medora Lee

As many as 5.9 million households may have to go without heat or air conditioning soon if Health and Human Service’s proposed budget gets passed, the National Energy Assistance Directors Association warns. A leaked HHS budget proposal for fiscal year 2026 shows zero dollars allocated to the Low-Income Home Energy Assistance Program (LIHEAP) provides financial assistance to help customers on limited incomes pay their energy bills.
US stock futures mixed following Nvidia warning, stagflation fears

1 week ago | usatoday.com | Medora Lee

U.S. stock futures were mixed Thursday after getting dragged lower on Wednesday by a warning from chip giant Nvidia and stagflation fears. Nvidia warned it would take a $5.5 billion charge from new U.S. curbs on its chip exports to China, and Federal Reserve Chair Jerome Powell said the central bank potentially could face a tough situation if tariffs raises inflation as the economy and the labor market weaken. That's a recipe for stagflation, or high inflation and a weak economy.
US stock futures weaker after Nvidia warning due to US export ban

1 week ago | usatoday.com | Medora Lee

U.S. stock futures are pointing to a lower open, with a warning from chip maker Nvidia weighing on the market. Nvidia said it will record aÂ $5.5 billion chargeÂ due to the U.S. export ban on its H20 chip for China.
Average FICO Score dips in April as student debt borrowers fall into severe delinquency

1 week ago | usatoday.com | Medora Lee

Credit scores are dipping, partly driven by the resumption of federal student loan delinquency reporting on U.S. consumersâ€™ credit, credit scoring agency FICO said. The average FICO score that lenders use to assess risk fell in April to 715, down a point from January and two points from a year ago, FICO said. Â The drop reflects a rise in 90+ day delinquencies in the past six months.
Finish your 2024 tax return? Before filing it away, use it to plan for 2025 and save money

1 week ago | usatoday.com | Medora Lee

It's April 15, so you think you're done with taxes for another year? Not so fast. Before you put your tax documents into storage, use your 2024 return to help you plan for 2025 taxes next year, experts say. A little work now can put some money in your pocket and ensure filing goes smoothly on the next go round. â€śFiling your taxes can feel like a beast.
US stock futures little changed after back-to-back gains, tariff optimism

1 week ago | usatoday.com | Medora Lee

U.S. stock futures were little changed Tuesday after two back-to-back days of gains on cautious tariff optimism. President Donald Trump exempted smartphones, computers and other electronics from a steep reciprocal tariff for now and then floated a temporary exemption for the auto sector to give carmakers time to establish U.S. manufacturing. Investors generally see more narrow, targeted tariffs as positive because those would have a smaller effect on prices and economic growth.
US stock futures rise amid smartphone tariff exemption

1 week ago | usatoday.com | Medora Lee

U.S. stock futures point to a higher open after President Donald Trump carved out an exemption for smartphones, computers and other devices and components like semiconductors from the extra 125% tariffs Trump issued on all Chinese goods. However, there remains ambiguity about tariffs.
US stocks end up. S&P 500 and Nasdaq post best week since November despite tariff swings.

1 week ago | lucianne.com | Medora Lee

Original ArticlePosted By: Dreadnought, 4/12/2025 1:03:42 AMU.S. stocks bounced back in early afternoon, helped by some dip-buying after a brief decline earlier on a weaker-than-expected consumer sentiment reading in the University of Michigan's preliminary April survey.
US stock futures little changed after China raises tariffs on US goods to 125%

1 week ago | usatoday.com | Medora Lee

MARKETSU.S. stock futures were little changed Friday afterÂ ChinaÂ increased itsÂ tariffsÂ on U.S. imports to 125%. Stocks swooned Thursday on fears President Donald Trump's triple-digit tariff on China will significantly damage the U.S. economy and corporate profits. Trump kept his 10% tariff on all countries but put reciprocal tariffs on hold for 90 days for all countries except China. Because China retaliated with an 84% tariff, Trump raised his tariff on Chinese goods to a total 145%.
US stocks struggle at midmorning after survey shows consumer gloominess deepening

1 week ago | pal-item.com | Medora Lee

U.S. stocks were slowly losing ground around midmorning after the University of Michigan consumer sentiment survey showed Americans are feeling even gloomier than economists had expected. The mid-month reading on sentiment fell to 50.8 from 57.0 in March and below the Dow Jones consensus estimate for 54.6. Inflation is becoming a major concern, according to the report, with expectation for inflation a year from now jumping to 6.7%, the highest level since November 1981 and up from 5% in March.

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