U.S. stocks experienced extreme volatility on Tuesday as Wall Street struggled to interpret President Trump’s ongoing trade war, leading to a sharp decline in the S&P 500 and Dow Jones Industrial Average after an initial surge. Global markets also experienced swings, with hope for successful negotiations driving early rallies. However, concerns remain as Trump’s threats of increased tariffs on China are set to become a reality, impacting companies with significant exposure to Chinese imports like Ralph Lauren and Best Buy. Despite this, health insurers saw gains following positive Medicare Advantage payment news. Bond yields rose amid the uncertainty, with the 10-year Treasury yield reaching 4.27%.
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End of Temporary Protected Status could exacerbate shortage of health care aides, advocates warn
Eddie Weinstein's daughter, Caroline, hired Marcia, a Honduran home health aide with Temporary Protected Status, to care for him after his stroke in 2020. As TPS for over 50,000 Hondurans, including Marcia, is set to expire, concerns about a potential healthcare aide shortage are rising, with Marcia hoping for a path to a green card due to her long-standing contributions to the U.S. Want More Context? 🔎
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