>>Wall Street Welcomes Fresh Trading Week
(New York, NY) -- The opening bell rings this morning after stocks closed higher on Friday, bringing an end to a volatile week on Wall Street. At the closing bell, the Dow Jones Industrial Average rose 32 points to 41-985. The S&P 500 added four points to 56-67. The Nasdaq gained 92 points to 17-784.
>>What To Watch For This Week
(Undated) -- Coming up in the business week ahead, it's a pretty quiet Monday as far as economic reports go. Tuesday brings word on consumer confidence, new home sales and the 20-city S&P Case-Shiller home price index. Fast forward to Thursday and the second GDP revision is due to be released. That comes along with weekly jobless claims and pending home sales numbers. Things wrap up Friday with a key measure of inflation - the Personal Consumption Expenditures price index - and the latest reading on consumer sentiment.
>>Trump Touts Tariffs
(Washington, DC) -- President Trump is calling April 2nd America's "liberation day." Speaking from the Oval Office on Friday, Trump said that's the day his tariffs against Canada, Mexico and China go into effect. He said Americans will see an economic boom after the tariffs. He added that his tariff threats have already prompted several companies to move their production plants to the U.S. Trump noted he has a good relationship with China's President Xi [[ she ]], and expects to speak with him this week.
>>SBA Cutting About 2,700 Jobs As Part Of Restructuring
(Washington, DC) -- The Small Business Administration is cutting around 27-hundred jobs making up 43-percent of its workforce. The job cuts are part of the agency's restructuring. The SBA said in a statement that it is focusing on "ending social policy agendas of the prior administration, eliminating non-essential roles and returning to pre-pandemic staffing levels." The SBA said its loan guarantee, disaster assistance programs and its field and veteran operations will be unaffected. The job cuts will include voluntary resignations and the expiration of COVID-era and other term appointments.
>>Report Predicts Gen Z Will Be Wealthiest Generation In History
(Undated) -- While Gen Z is currently feeling the financial squeeze they are on track to be the wealthiest generation by 2035. A new report from Bank of America predicts that Gen Z will be the wealthiest generation in history in the next decade. The two largest drivers in Gen Z's economic rise are wage growth and the "Great Wealth Transfer." It is estimated by 2045 around 84-million-dollars will be passed down from seniors and baby boomers to Gen X, millennials and Gen Z, with Gen Z taking 38-percent of that inheritance.
