How to check if you on track for a comfortable retirement

Investors are feeling anxious amidst ongoing market turbulence and potential trade wars triggered by Trump's tariffs. Despite the uncertainty, it is advised to stay invested for long-term gains, as history shows that equities tend to outperform cash over time. Rather than trying to time the market, investors should focus on consistency and pound cost averaging when investing, and consider utilizing a stocks and shares ISA before the end of the tax year. Full Article

China retaliated against US tariffs by imposing a 34% duty on all imports, escalating tensions and causing global stock markets to plummet. Despite the backlash, President Trump vowed to maintain his tough stance on trade, with average US tariffs on Chinese goods reaching 76%. The trade war is expected to hit US agricultural exports hard, while Beijing's actions indicate a desire to negotiate with Washington amidst market turmoil. Full Article

President Trump's tariffs are impacting even remote islands like Heard Island and McDonald Islands, British Indian Ocean Territory, and Norfolk Island, with some facing higher tariffs than their governing nations. Despite their minimal exports to the US, these territories are subject to tariffs ranging from 10% to 41%. French territory Réunion and British Overseas Territory Falkland Islands are among those facing steep tariffs, prompting concerns about the global reach of the trade policies. Full Article

European Union regulators are preparing major penalties against Elon Musk’s social media platform, X, for violating a new E.U. law aimed at combating illicit content and disinformation, with fines and product changes expected to be announced this summer. The move is likely to escalate tensions with the United States, targeting one of President Trump’s closest advisers. The investigation into X is progressing independently from tariff negotiations, and if X refuses to comply, a legal confrontation...

In the U.S., 36% of adults have side hustles to earn extra money, with popular options including rideshare driving, freelance writing, and pet sitting. SideHustles.com reports that the fastest-growing side hustle is mobile car washing, with a 276% search growth in 2024, particularly in Phoenix, Arizona. Other trending side hustles include selling stock photos online, crypto trading, personal shopping, and food delivery, while pet sitting remains popular in major cities like Boston, Columbus, San Francisco,...

Oil prices plummeted on Thursday due to concerns that President Trump's tariffs will slow global economic growth, reducing demand for energy products. Despite exemptions for energy and minerals, the tariffs are expected to have a significant negative impact on the industry, with U.S. oil prices dropping 7 percent to around $67 a barrel. The move to increase oil production by OPEC and its allies further added pressure on prices, as companies face the challenge of...