Trump narrows Fed chair candidates to four, excluding Treasury Secretary Bessent
Asked on CNBC's 'Squawk Box' for a future replacement to Powell, Trump named Kevin Hassett, director of the National Economic Council, and Kevin Warsh, a former member of the Federal Reserve Board of Governors.
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Applied Materials Stock: Is Wall Street Bullish or Bearish?
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Tipping culture is out of control: A guide to when, how much, and who to tip
Experts weigh in on when and how much to tip I recently went to a locally-owned hamburger joint with my boyfriend and his two adult children. It was the kind of place where you order at the counter, take your seat, and grab your food when they call your number. In other words, it was a fast food establishment. The bill was roughly $50. I handed my credit card to the young man behind the counter, and after he swiped it, he turned the screen in my direction and said, 'It just needs you to answer a question.' Should we have to tip at the checkout counter? The tablet displayed three options for tipping, each labeled with a sentiment. 10% was 'just okay,' 15% was 'pretty good,' and 20% was 'outstanding.' It was manipulative, and I knew it, but I still opted for 20%. I didn't want to create the impression I wasn't happy with the staff. Furthermore, I understand that most restaurant workers are underpaid. I know full well that a few extra bucks can make a big difference when you're living paycheck to paycheck. Still, it didn't sit right with me. The tip added $10 to my order. It was almost as much as buying an additional meal. The amount was equivalent to what I leave for servers at a full-service restaurant that takes orders tableside and brings out meals and drinks. Later that week, I talked to some friends about the situation. Some of them claimed they never tip for counter service, while others vented about being expected to tip 20% on take-out orders they pick up on their own. Another pointed out that it certainly isn't the staff's fault that their establishment doesn't take orders tableside. They still work hard, and she felt they were equally worthy of an equivalent tip. In short, no one was on the same page. A survey says Americans are fed up with tipping culture A recent WalletHub survey found that nine out of ten Americans believe tipping culture has gotten out of hand. Additionally, it found that 3 out of 5 Americans believe that business owners are relying on customer tips to replace salaries. It's no wonder customers are feeling the squeeze. Since the pandemic, it has become increasingly common to ask for tips at cash registers and self-checkout lanes. So, are times changing, or is tipping culture truly out of control? Here's what the experts say about tipping It turns out the experts disagree as much as my small sampling of friends. In a recent episode of The Ramsey Show, financial expert Dave Ramsey and Jade Warshaw tackled the subject of tipping. The pair agreed that you should always tip 18% to 20%in sit-down restaurants. Warshaw recommended a minimum of 15% for salon services like haircuts and nails. As far as baristas at a coffee shop or grocery delivery, she said it depends. Warshaw thought external circumstances, such as inclement weather, should be factored into the tip. Ramsay said he always leaves hotel housekeepers a daily $20 tip, but stressed that he doesn't tip for counter service, saying, "The times that I walk up to the counter and someone spins an iPad at me and I leave a tip [are] precisely zero. I do not tip there, ever." He felt the practice was manipulative. Overall, the pair advised being generous when you can and advocated for empathy for hardworking service workers. What do other experts have to say? Southern Living interviewed a panel of experts about tipping for takeout orders. David Guas, chef and owner of Bayou Bakery, Coffee Bar, and Eatery, says if you're picking up takeout, a 15% tip shows appreciation for the staff's hard work and service. Etiquette expert and founder of The Protocol School of Texas said she didn't think there was a right or wrong when it came to tipping on take-out orders. She felt the important thing was being courteous and fair. NerdWallet's tipping guide The financial site, NerdWallet, prepared a tipping guide for nearly every situation. Here's what they recommend. Sit-down restaurants: 15% to 20% Takeout orders: a few dollars to 15%, depending on the complexity of the order Baristas and counter service: Tips are discretionary. $2 to $3 up to 20% Bartenders: $1 to $2 a drink or 15% to 20% of the tab Food or grocery delivery: at least 15% Rideshare drivers: 15% to 20% Valet $2 to $5 Hairdressers and cosmetologists: 15% to 20% Massage therapists: 15% to 20% Bellhops and door people: $2 for the first bag, $1 per additional bag Hotel housekeeper: $4 to $5 per night The bottom line: Clearly, there's a great deal of nuance on the subject of tipping since even the experts don't always agree. The safe bet is to err on the side of generosity. People work hard, and it's tough to make a living. A few extra dollars go a long way. Solve the daily Crossword
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Trump preps memo ordering colleges to hand over more admissions data
President Donald Trump will sign a memorandum to expand requirements for colleges to report their admissions data, according to a senior White House official. The memo, which the president is expected to approve on Aug. 7, will direct Education Secretary Linda McMahon to revamp higher education data collection, broaden the scope of reporting requirements from the federal government and double down on punishments for schools that submit erroneous information. According to the White House, the action will ensure that colleges submit the data required to verify they aren't engaging in race-based admissions in the wake of a 2023 Supreme Court ruling outlawing the practice. Read more: At selective colleges, fewer students are disclosing race in their applications The Trump administration says the effort will also ultimately provide the public with a better understanding of the factors schools consider in the admissions process. This article originally appeared on USA TODAY: Trump to order colleges to hand over more admissions data
