_{ECONOMIC NEWS}

​Tariff Shock Wipes Out Retirement Savings for Thousands of Americans

Amid escalating tariffs imposed by former President Trump, American retirees and those nearing retirement are facing significant financial anxiety as market turmoil slashes the value of their 401(k)s. With the S&P 500 down 6%, the Nasdaq falling 5.8%, and the Dow dropping over 2,200 points, many report losing tens of thousands of dollars in days. Retirees are cutting back on spending, delaying major purchases, and questioning the stability of their futures. While Trump argues the tariffs will bring jobs back to the U.S., critics say they risk triggering a global trade war and economic instability. Many older Americans feel powerless, uncertain, and frustrated, calling on Congress to intervene and restore economic balance. Read More.

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Goldman: Dollar Decline Is Here to Stay as Foreign Investors Shift Toward Gold

Goldman Sachs' Kamakshya Trivedi says the U.S. dollar is in a period of long-term decline, driven by recession risks and waning confidence among foreign investors in U.S. assets. As traditional safe havens like Treasuries lose their hedge value, foreign investors are reassessing their portfolios, shifting toward alternatives like gold. Trivedi emphasizes that recent surges in gold prices—and strong central bank and ETF demand—signal a sustained diversification away from dollar-denominated assets. Goldman has raised its year-end gold forecast to $3,700 and considers gold its top conviction trade, citing upside risks, safe-haven demand, and tariff exemptions. Watch Now.