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Americans nearing retirement and recent retirees said they were anxious and frustrated following a second day of market turmoil that hit their 401(k)s after President Donald Trump’s escalation of tariffs.
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As the impending tariffs shook the global economy Friday, people who were planning on their retirement accounts to carry them through their golden years said the economic chaos was hitting too close to home.
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Some said they are pausing big-ticket purchases and reconsidering home renovations, while others said they fear their quality of life will be adversely affected by all the turmoil.
“I’m just kind of stunned, and with so much money in the market, we just sort of have to hope we have enough time to recover,” said Paula, 68, a former occupational health professional in New Jersey who retired three years ago.
Paula, who spoke on the condition of anonymity because she feared retaliation for speaking out against Trump administration policies, said she was worried about what lies ahead.
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“What we’ve been doing is trying to enjoy the time that we have, but you want to be able to make it last,” Paula said Friday. “I have no confidence here.”
Trump fulfilled his campaign promise this week to unleash sweeping tariffs, including on the United States’ largest trading partners, in a move that has sparked fears of a global trade war. The decision sent the stock market spinning. On Friday afternoon, the broad-based S&P 500 closed down 6%, the tech-heavy Nasdaq dropped 5.8%, and the Dow Jones Industrial Average fell more than 2,200 points, or about 5.5%.
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Americans nearing retirement and recent retirees said they were anxious and frustrated following a second day of market turmoil that hit their 401(k)s after President Donald Trump’s escalation of tariffs.
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“What we’ve been doing is trying to enjoy the time that we have, but you want to be able to make it last,” Paula said Friday. “I have no confidence here.”
Trump fulfilled his campaign promise this week to unleash sweeping tariffs, including on the United States’ largest trading partners, in a move that has sparked fears of a global trade war. The decision sent the stock market spinning. On Friday afternoon, the broad-based S&P 500 closed down 6%, the tech-heavy Nasdaq dropped 5.8%, and the Dow Jones Industrial Average fell more than 2,200 points, or about 5.5%.
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Longtime NASA astronaut Don Pettit, who has ventured to space four times, returned to Earth on Saturday night from the International Space Station. Pettit, who turned 70 on Sunday, landed at 9:20 p.m. ET in a Soyuz spacecraft with Roscosmos cosmonauts Alexey Ovchinin and Ivan Vagner near Zhezkazgan, Kazakhstan, after a seven-month stay aboard the orbiting laboratory.
The scientist invented the first object patented in space — called the Capillary Beverage, Space Cup or Zero-G cup, which makes it easier to drink beverages in the absence of gravity, and he is also a celebrated astrophotographer known for capturing unique views of the cosmos.
“One of the things I like to do with my astrophotography is to have a composition and a perspective that’s different than an Earth-centric one, typically showing an Earth horizon with the atmosphere on edge, the limb, and then some kind of astronomy, astrophotography, in relationship to that,” Pettit said from the space station during an April 3 interview with astrophysicist Neil deGrasse Tyson.
“Earth is amazingly beautiful when your feet are firmly planted on the ground, and it’s beautiful from space,” Pettit said. “And it’s hard to say what is more beautiful. I think it’s because space is a unique opportunity we seek to focus on the beauty of being in orbit. If we had people living their whole life in orbit, when they come down to Earth, they would probably think that was the most beautiful perspective they’d ever seen.”
Pettit takes his photos from the cupola on the space station, a favorite of crew members due to its seven windows that overlook Earth.
Here are some of his most unforgettable views of what it’s like to live in space that he captured over the past seven months.
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