• Mar 28, 2025

US consumer spending rebounds in February; core inflation firmer

WASHINGTON (Reuters) -U.S. consumer spending rebounded in February amid rising prices for goods and services, which could amplify fears that the economy was facing a period of tepid growth and high inflation amid an escalation in trade tensions. The report from the Commerce Department on Friday showed a measure of underlying price pressures increasing by the most in 13 months. Economists say President Donald Trump's protectionist trade agenda, marked by a rush of tariff action announcements since taking office in January, will boost prices of imported goods and drive inflation higher in the months ahead.

  • Mar 28, 2025

Better Buy: Bitcoin or Gold?

Crypto investors have long referred to Bitcoin as "digital gold." If that's the case, then Bitcoin (CRYPTO: BTC) -- just like gold -- should act as a hedge against the type of market volatility and economic uncertainty investors are currently experiencing. In contrast, Bitcoin has fallen nearly 20% from an all-time high of $109,000 in January.