Massachusetts
Massachusetts investment advisor urges calm as concerns about stock market mount
As stock markets continue to fall globally from President Trump’s latest round of tariffs, financial experts said they’re focused on keeping their clients calm as they watch their savings and 401(k) retirement accounts shrink.
Early Monday morning in Japan, the Tokyo stock market started plunging, falling eight points right from the opening bell. The Japanese Nikkei is often a precursor to what’s going to happen globally. For some, they’re worried of a repeat of 1987’s Black Monday, when the Dow fell more than 22% in a single day.
Worried about recession
“Spoken to a lot of neighbors, all sorts of career backgrounds, and the one thing is pretty universal, which is they’re worried about recession,” said Michael Armstrong, president of the Armstrong Advisory Group.
Armstrong said concerns were sparked last Wednesday after President Trump announced sweeping tariffs of at least 10% on goods imported from other countries.
“The promise of the Trump administration that they seem to be making is we want to manufacture many new goods and stuff that used to be manufactured in the United States here again,” said Armstrong.
Armstrong said the tax for other countries comes at a cost for Americans too.
“The problem seems to be that in order to do that, they are more than willing to cause a recession,” said Armstrong.
The announcement of import taxes last week prompted a sharp drop in the U.S. stock market. Thursday and Friday were the worst two days on Wall Street since the pandemic.
“It is looking fairly ugly out there,” said Armstrong. “These are the most nerve-wracking times, I think, for investors.”
Repeat of 1987’s Black Monday?
The decline has also affected people’s 401(k) retirement accounts and as the new week begins, there’s concerns of another Black Monday crash.
“I don’t love the comparisons because that was a really, really ugly day,” said Armstrong. “My point is, I don’t think anyone really knows, precisely, what is going on or what’s going to happen next because these are policies that we literally haven’t seen from the United States in the modern era.”
Armstrong said the best advice he can give his clients is to take a break from the TV because as it looks right now, things may get worse before they improve.
Massachusetts
Deadline nears for Massachusetts Health Connector enrollment
SPRINGFIELD — With just days left before the Dec. 23 deadline, state and local leaders are urging uninsured residents to enroll in health coverage through the Massachusetts Health Connector to ensure they’re protected in the new year. The cutoff applies to anyone who wants coverage starting Jan. 1.
The Health Connector — the state’s official health insurance marketplace — is the only place residents can access financial assistance and avoid misleading “junk” policies that often appear in online searches, according to a statement from the agency.
Officials say the enrollment period is especially critical for people without job-based insurance, gig workers, newcomers to the state and anyone seeking affordable, comprehensive health plans.
At a press conference Wednesday at Caring Health Center’s Tania M. Barber Learning Institute in Springfield, health leaders emphasized that most people who sign up through the Connector qualify for help paying premiums through its ConnectorCare program.
Audrey Morse Gasteier, executive director of the Massachusetts Health Connector, said the state has spent nearly two decades committed to ensuring access to health care and offering the most affordable coverage possible for everyone.
”And despite the federal challenges, we continue to do everything we can to offer coverage to everyone who needs it. Now is the time for people who don’t have coverage to come in, apply, and find out what kind of plan for which they qualify,” she said.
Open enrollment also gives current members a chance to review their coverage, compare options and make changes.
Recent changes in federal policy have caused shifts in coverage and higher premiums for many Massachusetts residents, creating uncertainty and concern, said Cristina Huebner Torres, chief executive vice president and strategy and research officer at Caring Health Center.
“During times like these, trusted, local support becomes even more essential, and our Navigators have been on the very front lines, helping residents understand their options, maintain coverage, and navigate a complex and evolving system,” Huebner Torres said.
Massachusetts
Massachusetts woman charged with DUI after Simsbury crash
SIMSBURY, Conn. (WTNH) — A Massachusetts woman was arrested Wednesday and charged with DUI after a crash in Simsbury, according to police.
The crash happened at around 2:15 p.m. on Hartford Avenue and Elm Street. Police responded to reports that one of the operators of the vehicles was unconscious, later becoming conscious.
Upon arrival, police found that operator, who was identified as 39-year-old Allison Beu of Southwick, Massachusetts, outside of her vehicle and interacting with the other involved parties.
The two occupants in the other vehicle were not transported to the hospital.
Beu was charged with DUI and failure to drive in proper lane.
Massachusetts
Massachusetts Governor Healey reacts to Brown University shooting
BOSTON (WWLP) – Following the shooting at Brown University, claiming the lives of two students and injuring nine others, Governor Healey is joining calls for anyone with information to contact authorities.
Police have not yet made any arrests in connection with the shooting, but they have released footage of a person of interest, calling on the public for help.
“At this time, we just have to encourage anyone in the public who may know something, see something, to immediately contact law enforcement,” said Healey.
Governor Healey says the Massachusetts State Police are in Rhode Island to assist with the investigation. The governor also spoke to mounting fear on college campuses, as the number of mass shootings in the United States exceeds the number of days so far in the year.
“In speaking with many of them, I know that they are taking all measures to ensure the safety of students and faculty, and certainly as a state we will do everything that we can to support those efforts,” said Governor Healey.
Local to western Massachusetts, UMass Amherst told 22News about their campus safety plans, which include adding emergency preparedness to student orientation and hosting optional active threat training for students, staff, and faculty.
The FBI is offering an award of up to $50,000 leading to an arrest and conviction. Anyone who thinks they may have information is encouraged to call the Providence Police.
Local News Headlines
WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Download the 22News Plus app on your TV to watch live-streaming newscasts and video on demand.
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