We are very much an “always online” crowd here, but our early childhoods came before the omnipresent smartphone age, so our parents mostly had to pry us away from the TV, not the iPhone. Today, it’s different: a new survey reported that 57% of 12-year-olds have their own smartphone, and a more surprising 8% of the under-5 set is getting one, too. And the old rules about no screen time or phones for those under 2 seem to largely be going out the window as well.
US stocks nosedived last week after President Trump posted that he was considering a “massive increase” to tariffs on Chinese imports. We’ll get into that more in our main story below. For the second day in a row, consumer staples was the only sector ETF to finish in the green on Friday.
