good morning! It’s Daniel de Vis with your daily money.
China’s imports into the US have fallen to the lowest level since punishment began to be punished in March, according to recently released census trade data.
The decline in trade was a major driving force for weekend talks, leading to sharp cuts in tariffs on both sides. For the full report, click here.
Is the 60/40 rule the staging of comebacks?
If you invest according to the Classic 60/40 rule and three-fifths of your nest eggs are invested in stock and two-fifths of your bond, take a little time to pat on your back. That’s a pretty good strategy.
This is the conclusion of a new report from financial services company MorningStar.
What is the right combination of stocks and bonds in your retirement portfolio? Click here for some answers.
House Republicans defend program cuts
House Republicans defended a bill that would enact a sweep tax cut, raise debt caps and add restrictions that would benefit the program during the heated marathon day of the committee hearing at Capitol Hill.
Three separate panels reviewed the law that would be part of a larger package to implement President Donald Trump’s agenda on May 13th.
The risky benefits programs include:
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About daily money
Every day, Daily Money will provide you with the best consumer and financial news from USA Today, breaking complex events, providing you with the TLDR version, and explaining how everything from the Fed rate to bankruptcy will affect you.
Daniel de Visé covers USA Today personal finance.
