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There’s been a lot of movement in the financial world this week — from surprise tariffs that hit Netflix stock to a growing trend of consumers choosing community banks and credit unions over big-name institutions. Whether you’re wondering how global politics could affect your portfolio or thinking about where to open your next account, we’ve got you covered.
Big Picture: J.P. Morgan Now Says Recession Risk = 60%
Economic forecasts just took a sharp turn. J.P. Morgan raised the chance of a U.S. recession this year from 40% to 60%, citing a big culprit: tariffs.
A proposed 145% tariff on Chinese goods and 10% across-the-board global tariff could slam global trade. Analysts say the average U.S. tariff rate could reach levels not seen since World War II.
Translation: higher prices, more volatility, and continued uncertainty. But you're not powerless — staying proactive and intentional with your money (instead of reactive) is the antidote.
Netflix Dips After Trump Proposes 100% Movie Tariffs
Yes, you read that right. Netflix stock dropped this week after Trump floated a 100% tariff on all foreign-made movies, calling them a “national security threat.”
That’s a big deal for Netflix — more than half of its content spending now goes to international productions.
The market freaked (briefly): Netflix lost $20.4 billion in value Monday morning alone.
The White House says the tariffs aren't final, but it’s another reminder that the economy (and our favorite shows) aren’t immune to politics.
Shop Small — With Your Bank?
We’ve all heard “shop small” for local businesses… but what about bank small?
A new study shows more people are turning to community banks and credit unions for friendlier service and better rates.
- Big banks still dominate, but their share of new credit cards is slipping, down from 76% to 68% since 2020.
- Credit unions and community banks are gaining, growing their market share significantly, even among six-figure earners.
Why the shift?
- Lower interest rates on loans and credit cards
- Higher yields on savings accounts and CDs
- More human service, fewer hoops
It’s not always the flashy rewards that win, sometimes it’s about feeling seen, supported, and saving real money.
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