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Fed’s Waller says rate cut in March is a ‘coin flip’ following a strong US jobs report

Fed’s Waller says rate cut in March is a ‘coin flip’ following a strong US jobs report

By CHRISTOPHER RUGABER, AP Economics Writer

WASHINGTON (AP) — Federal Reserve governor Christopher Waller said Monday that solid job gains in January could mean the central bank can skip a rate cut at its next meeting in March, a decision that would likely spur further attacks by President Donald Trump.

At the same time, Waller said last month’s pickup in hiring, when employers added a more-than-expected 130,000 jobs, could have been a one-time gain. He said he would need to see a similarly positive report next month to conclude the job market, which he noted was very weak in 2025, is improving.

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After Supreme Court rebuke, Democrats call for government to refund billions in Trump tariff money


‘Your Rich BFF’ Vivian Tu shares her favorite personal finance tips
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After Supreme Court rebuke, Democrats call for government to refund billions in Trump tariff money

After Supreme Court rebuke, Democrats call for government to refund billions in Trump tariff money

By JOSH BOAK

WASHINGTON (AP) — A trio of Senate Democrats is calling for the government to start refunding roughly $175 billion in tariff revenues that the Supreme Court ruled were collected because of an illegal set of orders by President Donald Trump.

Sens. Ron Wyden of Oregon, Ed Markey of Massachusetts and Jeanne Shaheen of New Hampshire are unveiling a bill on Monday that would require U.S. Customs and Border Protection to issue refunds over the course of 180 days and pay interest on the refunded amount.

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‘Your Rich BFF’ Vivian Tu shares her favorite personal finance tips

‘Your Rich BFF’ Vivian Tu shares her favorite personal finance tips

By ADRIANA MORGA

NEW YORK (AP) — Are you intimidated by personal finance? Vivian Tu wants to help.

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Tu is known for her TikTok account, “Your Rich BFF,” where she makes entertaining videos about personal finance. Topics include how to negotiate your salary and practical tips for dealing with credit card debt. Tu, who refers to herself as “your favorite Wall Street girly,” has 10 million followers on social media and has published two personal finance books.

Tu, born and raised in Baltimore, often connects her interest in personal finance to her upbringing as the daughter of Chinese immigrants. Her parents raised her to be frugal and appreciate money from an early age, but it wasn’t until a few years into her corporate career that she realized she had a passion for the topic. read more

US stocks drop after Trump ramps up his tariffs and investors dump potential AI losers

US stocks drop after Trump ramps up his tariffs and investors dump potential AI losers

By STAN CHOE, AP Business Writer

NEW YORK (AP) — U.S. stocks slumped Monday after President Donald Trump ramped up his newest tariffs, while investors continued to punish companies that could be losers in the artificial-intelligence revolution.

The S&P 500 fell 1% after Trump said on Saturday that he would place temporary 15% tariffs on other countries. That’s up from the 10% rate he announced Friday following a Supreme Court ruling that struck down his sweeping “reciprocal” taxes on imports from around the world.

The Dow Jones Industrial Average dropped 821 points, or 1.7%, and the Nasdaq composite sank 1.1%.

Trump’s quick move toward more aggressive tariffs shows how much uncertainty still hangs over the global economy, even after the Supreme Court said the president lacked the legal authority to institute his sweeping “reciprocal” tariffs.

Beyond a 15% tariff that could last for up to 150 days, unless Congress extends it further, Trump is moving forward on other avenues to place more permanent tariffs on countries and industries. That has trading partners uneasy. South Korea’s trade minister, Kim Jung-kwan, said Monday that uncertainty may worsen if the Trump administration continues imposing new tariffs under alternative laws. read more

The American-made hemp shirt experiment

The American-made hemp shirt experiment

By MATT HUDSON, Montana Free Press

In 2020, a northcentral Montana hemp crop was harvested, beginning a trial run by two Montana companies to produce clothing without the material ever leaving the United States.

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When the shirt finally went to market last year, it was proof of a concept that had long since moved overseas.

Hemp is often held up as a versatile crop with all sorts of applications: fabrics, home insulation, even edible seed oils, to name a few. But it was illegal to grow or distribute hemp in the U.S. for nearly a century until 2018 when Congress lifted federal restrictions on the marijuana-adjacent plant. So, when a Fort Benton hemp processor and a Great Falls-based apparel company sought to make a line of U.S.-made hemp shirts, they had to scrap together a supply chain to make it happen. read more