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Month: December 2025

Is ‘soft saving’ smart — or shortsighted?

Is ‘soft saving’ smart — or shortsighted?

By Kate Ashford, NerdWallet

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

If you’ve ever decided to save less cash in your retirement account so you could do more traveling or support an expensive hobby, you might be “soft saving” (and not even know it).

Soft saving is about choosing to spend money on things you enjoy today and stashing money away less aggressively for your later years. People who take this approach are more concerned about what they’re doing tomorrow than what they’ll be doing at age 65 or 70.

“Soft saving is being more mindful about your lived experience now and not being willing to sacrifice too much in favor of your future yet,” says Rebecca Palmer, a certified financial planner in Washington, D.C., and head of guidance for financial planning platform Fruitful. “So, the balance between prioritizing future you versus current you.” read more

US economy expands at a surprisingly strong 4.3% annual rate in the third quarter

US economy expands at a surprisingly strong 4.3% annual rate in the third quarter

By MATT OTT, Associated Press Business Writer

WASHINGTON (AP) — The U.S. economy grew at a surprisingly strong 4.3% annual rate in the third quarter, the most rapid expansion in two years, as government and consumer spending, as well as exports, all increased.

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U.S. gross domestic product from July through September — the economy’s total output of goods and services — rose from its 3.8% growth rate in the April-June quarter, the Commerce Department said Tuesday in a report delayed by the government shutdown. Analysts surveyed by the data firm FactSet forecast growth of 3% in the period. read more

A look at the experts racing to decode Trump’s tariff rules

A look at the experts racing to decode Trump’s tariff rules

By MATT SEDENSKY, Associated Press National Writer

NEW YORK (AP) — After a half-century immersed in the world of trade, customs broker Amy Magnus thought she’d seen it all, navigating mountains of regulations and all sorts of logistical hurdles to import everything from lumber and bananas to circus animals and Egyptian mummies.

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Then came 2025.

Tariffs were imposed in ways she’d never seen. New rules left her wondering what they really meant. Federal workers, always a reliable backstop, grew more elusive.

“2025 has changed the trade system,” says Magnus. “It wasn’t perfect before, but it was a functioning system. Now, it is a lot more chaotic and troubling.” read more

Wall Street at a standstill in holiday lull ahead of new US economic data

Wall Street at a standstill in holiday lull ahead of new US economic data

By ELAINE KURTENBACH and MATT OTT, Associated Press Business Writers

Markets are flat early Tuesday in holiday-thinned trading before head of the release of new data on how the U.S. economy fared in the third quarter.

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Futures for the S&P 500, the Dow Jones Industrial Average and Nasdaq are all essentially unchanged before the opening bell.

Shares of the Danish pharmaceutical company Novo Nordisk jumped more than 7% overnight after U.S. regulators approved a pill version of the blockbuster weight-loss drug Wegovy, the first daily oral medication to treat obesity. Novo’s Wegovy is a GLP-1 drug that works like widely used injectables to mimic a natural hormone that controls appetite and feelings of fullness. read more

As Orlando woos overseas visitors, Trump’s social media plan for tourists sparks concerns

As Orlando woos overseas visitors, Trump’s social media plan for tourists sparks concerns

A Walt Disney World vacation could soon come with a new U.S. government mandate for the theme park-loving British and tourists from dozens of other countries: Hand over five years of social media history.

For President Donald Trump, the proposed policy is about protecting America’s borders and enhancing security. But the travel industry worries stricter entry rules could deter well-heeled international visitors from destinations like Orlando, one of the world’s top tourism hotspots.

Though Florida is reporting record tourism, Canadian visitation dropped sharply in the wake of Trump’s tariffs and threats to annex the country as the 51st state.

Now some in the travel industry fear the proposed social media mandate, announced this month, could further damage international visitation to the United States.

David Marriott recently visited Orlando from the U.K., calling it a “trip of a lifetime” for his three children. The family spent two weeks experiencing Central Florida’s theme parks and coastline. read more