logo
U.S. News & World Report Announces 2025 Money Awards

U.S. News & World Report Announces 2025 Money Awards

The second annual awards address economic instability with editors' choice award for rising grocery prices.
WASHINGTON, April 23, 2025 /PRNewswire/ -- U.S. News & World Report, the global authority in rankings and consumer advice, today announced its second annual Money Awards, with winners across 38 categories.
Capital One Savor Cash Rewards won the Editors' Choice award for the Best Credit Card for Rising Grocery Prices amid economic uncertainty in today's climate.
'The value of the dollar is continuing to stretch and consumers are doing their best to prepare for the rising costs of everyday goods,' said Adriana Ocañas, consumer credit cards analyst at U.S. News. 'The Capital One Savor Cash Rewards card offers a longer-term safeguard for reward-earning potential that can be used to cover some of those rising prices.'
The 2025 awards provide a go-to destination for readers to assess and choose the best courses of financial action amid the market shifts currently impacting American consumers.
'Economic uncertainty stemming from the ongoing trade wars and a mass restructuring of the federal government are playing critical roles in the financial uneasiness of many Americans,' said Ocañas. 'The 2025 Money Awards recognize exceptional institutions and products, while also providing consumers with informed insights on financial institutions that can best support their unique financial needs and goals.'
The awards, advice and expertise provided by U.S. News' Money analysts also help address a need for more financial literacy for the everyday consumer.
'According to U.S. News' April survey, 53% of Americans don't know that FICO scores are what lenders look at to determine creditworthiness,' noted Ocañas. 'In fact, about 44% confused FICO with one of the credit-scoring bureaus. The Money Awards not only spotlight options for immediate solutions for consumers' varying needs, but can serve as an introduction to better understanding the different facets of credit, lending, banking and investing.'
U.S. News 2025 Money Award Winners
*See the Money Award on USNews.com here.
U.S. News determined the winning institutions using comprehensive, data-driven methodologies including factors specific to their respective categories: annual percentage yield, ATM availability, customer complaints and more for banking; overall issuer satisfaction rating, APR, rewards earning process, and more for credit cards; usability, product and account offerings, customer support, research and tools, and fees for investing platforms; and affordability, eligibility and customer service for lenders. For more information, read the methodologies for Banking, Credit Cards, Investing Platforms and Lenders.
U.S. News also publishes in-depth personal finance, investing and loans content to help consumers make the best money-related decisions for them. Consumers can find advice about banking, credit cards, loans and much more.
About U.S. News & World Report
U.S. News & World Report is the global leader for journalism that empowers consumers, citizens, business leaders and policy officials to make confident decisions in all aspects of their lives and communities. A multifaceted media company, U.S. News provides unbiased rankings, independent reporting and analysis, and consumer advice to millions of people on USNews.com each month. A pillar in Washington for more than 90 years, U.S. News is the trusted home for in-depth and exclusive insights on education, health, politics, the economy, personal finance, travel, automobiles, real estate, careers and consumer products and services.
View original content to download multimedia: https://www.prnewswire.com/news-releases/us-news--world-report-announces-2025-money-awards-302435246.html
SOURCE U.S. News & World Report, L.P.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Consumer Energy Alliance Welcomes New Board Members
Consumer Energy Alliance Welcomes New Board Members

Business Wire

time6 minutes ago

  • Business Wire

Consumer Energy Alliance Welcomes New Board Members

HOUSTON--(BUSINESS WIRE)-- Consumer Energy Alliance (CEA), the leading energy and environmental advocate for families and businesses, today welcomed two new board members who bring deep insights into the direct effects of energy policies on two industries Americans interact with every day – airlines and convenience stores. Kelly Nodzak joins from Delta Air Lines, where she is the Director of Jet Fuel Procurement and Operations, overseeing the commercial and operational aspects of fuel procurement, supply, and operations for Delta's entire fleet. Prior to Delta, Nodzak managed business development for Colonial Pipeline Company. She holds an MBA and is a Certified Public Accountant. "Kelly understands how important energy infrastructure is in terms of delivering affordable, reliable energy and brings expertise from an industry that is highly sensitive to energy costs and essential to America's economy," CEA President David Holt said. "With Kelly's insights, CEA's breadth of representation from across the entire economy grows stronger, along with CEA's ability to serve as a trusted, neutral authority on energy policy." 'CEA's mission to deliver affordable, reliable and cleaner energy to every sector of America's economy is important and I am honored to be able to support it,' Nodzak said. 'Raising public awareness of how energy costs are woven into the fabric of daily life is a critical task, and it helps create the kind of positive energy policies that will lead to a stronger, more resilient and robust American economy.' Matt Durand joins from the National Association of Convenience Stores (NACS), where he is Deputy General Counsel and oversees legislative and regulatory affairs for energy and transportation issues. For more than 60 years, NACS has been recognized as the premiere association for convenience and fuel retailers. NACS has more than 1,000 retail member companies that cumulatively represent more than 200,000 stores in over 50 countries, including 90,000 stores in the United States. An attorney, Durand brings extensive experience in retail markets and public policy, having previously served as Vice President of Corporate Affairs for national convenience and restaurant retailer EG America, leading public policy and external relations across 30 states and 1,600 stores. He began his career as an aide in the Environmental Enforcement Section at the U.S. Department of Justice, supporting agencies including the Environmental Protection Agency and Nuclear Regulatory Commission. "Matt's knowledge from the convenience store industry is directly connected to how energy costs impact the price consumers pay at the gas pump or the cash register millions of times every single day across America," Holt said. "His experience leading public policy campaigns and advocacy will provide great insight to CEA's on-the-ground mission to support the affordable, reliable energy families and businesses need to thrive.' 'I'm honored to join CEA's board and help advocate for policies that deliver affordable, reliable energy,' Durand said. 'Americans can literally see their energy costs at the gas pump, but often don't see the other places where high energy prices increase the cost of everyday life. Helping grow Americans' understanding of why affordable, reliable energy matters and how they can have a voice in the debate is a mission I look forward to tackling with CEA.' About Consumer Energy Alliance Consumer Energy Alliance (CEA) is the trusted voice advocating for affordable, reliable, and cleaner energy solutions that benefit all Americans. Representing families, farmers, small businesses, distributors, producers, and manufacturers, CEA champions sensible, balanced policies that support economic growth and environmental resiliency; and ensures families and businesses are a vocal part of the nation's energy dialogue. Every day, we work to inspire practical, responsible solutions that meet America's energy needs while protecting the environment for generations to come.

Trump expands 50% steel and aluminum tariffs to include 407 additional product types
Trump expands 50% steel and aluminum tariffs to include 407 additional product types

CNBC

time7 minutes ago

  • CNBC

Trump expands 50% steel and aluminum tariffs to include 407 additional product types

The Trump administration has quietly expanded its 50% steel and aluminum tariffs to include more than 400 additional product categories, vastly increasing the reach and impact of this arm of its trade agenda. The new tariffs, which took effect Monday, expand the scope of the levies that President Donald Trump previously announced on the valuable commodities. The tariff list now covers products like fire extinguishers, machinery, construction materials and specialty chemicals that either contain, or are contained in, aluminum or steel. "Auto parts, chemicals, plastics, furniture components—basically, if it's shiny, metallic, or remotely related to steel or aluminum, it's probably on the list," Brian Baldwin, vice president of customs at Kuehne + Nagel International AG wrote on LinkedIn of the expanded list. "This isn't just another tariff—it's a strategic shift in how steel and aluminum derivatives are regulated," he continued. The levies extend to 407 new product categories, the Department of Commerce said Tuesday. "Today's action expands the reach of the steel and aluminum tariffs and shuts down avenues for circumvention – supporting the continued revitalization of the American steel and aluminum industries," Under Secretary of Commerce for Industry and Security Jeffrey Kessler said in a statement. The release from the agency links out to a list that identifies the newly included product types only by the specific customs codes that apply to them, not by what the products are actually called. For example, Commerce identifies the product category of fire extinguishers only as "8424.10.0000," a 10-digit code buried among hundreds of other 10-digit codes. This format makes it very difficult for the public to get a full picture of all the products that are impacted by Monday's expanded tariffs. But experts say the impact will be enormous. "By my count, the steel and aluminum tariffs now affect at least $320 billion of imports based on 2024's general customs value of imports," Jason Miller, a professor of supply chain management at Michigan State University, wrote on LinkedIn. "This will add more inflationary cost-push pressures to already climbing prices that domestic producers are charging as picked up by July's PPI data," he continued. President Donald Trump has repeatedly relied on sector-specific tariffs to enact his sweeping trade agenda. In June, Trump announced that he was doubling tariffs on steel and aluminum imports to 50% for most countries, injecting widespread uncertainty among businesses and U.S. trading partners reliant on the valuable commodities. The White House did not immediately respond to CNBC's request for comment on whether the new metal tariffs stack on top of the country-specific tariffs that Trump has also announced.

'Upside down economically': Here's why the housing market probably won't get more affordable if the Fed cuts rates
'Upside down economically': Here's why the housing market probably won't get more affordable if the Fed cuts rates

Business Insider

time7 minutes ago

  • Business Insider

'Upside down economically': Here's why the housing market probably won't get more affordable if the Fed cuts rates

Don't expect the Fed to rescue the housing market. Markets have their eye on the Fed's likely interest rate cut in September, but Peter Boockvar, the CIO of One Point BFG Wealth Partners, has a two-part thesis as to why housing will stay expensive, even if the Fed trims its benchmark rate. It's a tough time for prospective buyers. The 30-year fixed mortgage rate, the most popular home loan in the US, is hovering around 6.5%. That's down slightly from highs above 7% this year, but still well-above levels seen in the period of 15 years that followed the financial crisis. Here's why afforability might not improve even if the Fed loosens monetary policy, in Boockvar's view: 1. Fed rate cuts won't pull down long-term rates When the Fed cuts rates, it most directly impacts short-term interest rates in the economy. That's unlikely to have a sizable influence over the longer-term rates, Boockvar said, speaking to CNBC on Tuesday. That's important to note because longer-term rates, like the 10-year Treasury yield, are the primary drivers of long-term borrowing costs for consumers. The 10-year bond yield is elevated compared to levels at the start of this year, and it could remain high as investors grow hesitant to pile into long-term government bonds amid mounting deficits and heavy government borrowing. "I think there's a global aversion to taking on long-duration. And long-term interest rates are higher across the world," Boockvar said. "So I think those looking to buy a home should not necessarily bet they're going to get rate relief with the cut in short-term interest rates." 2. Fed rate cuts won't fix the supply problem What's really holding back the market from becoming easier for buyers is supply. The housing market is in dire need of more homes to help bring prices down. Even if mortgage rates edge lower, hotter demand could send prices higher unless the market gets an increase in available supply, Boockvar said. "To really be big picture here, you really need baby boomers to downsize. That is where most of the existing home supply needs to come from," he said. But getting more Americans to move is a challenge. Many homeowners are staying put for two reasons: Mortgage rates are too high. More than 90% of US homeowners with a mortgage have financed at a rate below 6%, according to a 2023 Redfin analysis. Home prices are too high. The median existing home price rose to a record $435,300 in June, according to the National Association of Realtors. But, if home prices were to drop, that would hit homebuilder profits, Boockvar said, suggesting it could potentially limit new housing supply hitting the market. "It's sort of a catch-22 with this industry right now, that's sort of upside down economically," Boockvar added. Forecasters generally aren't very optimistic when it comes to the outlook for housing affordability. Redfin economists expect the median US home sale price to dip 1% by the end of the year, the real estate listings site said in May. Zillow, meanwhile, said in July it expected home values to post a 2% decline by the end of the year.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store