Financial News & Article
New research shows that tariffs introduced this year are driving measurable inflationary pressure across multiple industries.
According to the Federal Reserve Bank of St. Louis, tariffs added 0.5 percentage points to overall inflation between June and August. Prices rose most sharply in categories such as furniture, car parts, electronics, and musical instruments, as importers passed on the costs to consumers.
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​Economists estimate that up to 55% of tariff-related costs will ultimately be passed on to consumers, while the remaining costs will be absorbed by businesses and foreign exporters. Analysts warn that ongoing uncertainty around trade policy could keep prices volatile into next year.
Treasury Secretary Scott Bessent says the U.S. will introduce price floors across strategic industries to counter what he called China’s “nonmarket policies.”
The plan is aimed at stabilizing industries that have struggled with China’s low-cost exports — particularly rare earth minerals, a key component in both defense and clean energy technologies. Bessent also suggested the U.S. could take equity stakes in critical resource companies and build a strategic mineral reserve.
The announcement comes as Beijing tightens rare earth export controls and the U.S. works to reduce supply chain vulnerabilities in national security and manufacturing.
With federal electric vehicle tax credits now expired, states are stepping in to reshape incentives and fees.
According to Axios, 17 states continue to offer EV purchase credits — from $1,500 in Rhode Island to $7,500 in Oregon and Maine — while 40 states now charge higher registration fees for EVs and hybrids to offset lost gas tax revenue.
Colorado is expanding its state rebates for low- and middle-income drivers who trade in older, higher-emission vehicles. Eligible buyers can now receive up to $9,000 on new EVs or $6,000 on used models, even as broader state incentives are scheduled to decline next year.
The patchwork of state policies underscores how EV adoption and infrastructure funding are evolving as governments balance environmental goals with revenue needs.
Money is one of the top sources of tension in relationships — but experts say even strong couples can stumble if they avoid key conversations.
After studying more than 60 couples, money expert Heather Boneparth found that the happiest partners share five habits:
1. They adapt when circumstances change, rather than sticking to outdated money routines.
2. They don’t dwell on financial regrets or let shame define their decisions.
3. They avoid holding past mistakes over each other’s heads.
4. They focus on shared priorities instead of constant comparison.
5. They stay honest about spending and goals, building trust through transparency.
The takeaway? Communication matters as much as cash flow. Open conversations can help partners align values and expectations — and reduce unnecessary stress around money.
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