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Tech Stocks Soar as Nasdaq Records Biggest Monthly Gain Since 2020

Key Points: The tech-heavy Nasdaq Composite jumped 15.29% in April, marking its best month since the start of the pandemic in April 2020. Alphabet shares climbed 34% for the month, scoring their best performance since the company went public in October 2004. Chipmaker Intel saw its stock double in value, recording the absolute strongest month in its 55-year corporate history. Strong earnings from Amazon, Microsoft,...

US President Trump Signs Executive Order to Launch Federal Retirement Match Program

Key Points: President Trump signed an executive order creating new tax-advantaged retirement accounts with federal matching funds for private-sector workers. The government will provide a 50% match, offering up to $1,000 for individuals earning under $35,500 and $2,000 for couples making under $71,000. The typical American currently has less than $1,000 saved for retirement because half of the workforce lacks an employer-sponsored plan. Small businesses...

Artificial Intelligence Business Investments Drive United States Economic Growth

Key Points: Business investments added a massive 1.48 percentage points to the 2% economic growth seen in the first quarter. Major technology companies plan to spend roughly $725 billion on artificial intelligence infrastructure this year. Every day, consumer spending slowed but still contributed 1.08 percentage points to the overall economy. Inflation rose 3.5% over the past year as the ongoing war in Iran pushed global...