Latest news with #DanieldeVisé
USA Today
2 days ago
- Business
- USA Today
The Daily Money: Buy now, return later
Good morning! It's Daniel de Visé with your Daily Money. When Tom Haverford goes camping with coworkers in a 2011 episode of the NBC comedy 'Parks and Recreation,' he tricks out his tent with an Xbox, fondue pot, panini press, soft-serve ice cream maker, DJ Roomba, and even a real bed. 'How do you afford all this stuff?' he's asked. 'I just return it the next day and claim it was defective,' replies Haverford, played by actor Aziz Ansari. Like most sitcom material, the antic is borrowed from real life. A new round of import tariffs New import tariffs of 10% to 50% kicked in Thursday, targeting dozens of trading partners. The new taxes took effect at 12:01 a.m. ET after weeks of suspense and frantic negotiations with our major trading partners. What does it mean for your shopping plans? 📰 More stories you shouldn't miss 📰 📰 A great read 📰 Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it! Many employers have been calling workers back to the office in 2025, after a long pandemic-fueled spell of working from home. The return-to-office mandate has sparked a trend called "coffee badging." Paul Davidson explains. About The Daily Money Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. Daniel de Visé covers personal finance for USA Today.
USA Today
4 days ago
- Business
- USA Today
The Daily Money: A warning sign in the job market
Good morning! It's Daniel de Visé with your Daily Money. While economists have viewed the U.S. labor market as resilient in recent months, some warn that cracks have started to emerge – including among the country's Black workforce. The unemployment rate for Black Americans hit 7.2% in July, up from 6.3% a year ago. Here's why that may be a troubling sign. Student loan payments increasing Millions of student loan borrowers who were enrolled in a Biden-era repayment plan will soon see their monthly payments increase. Nearly 8 million borrowers in the Saving on a Valuable Education (SAVE) plan are now collecting interest on their loans for the first time since former President Joe Biden placed the group in forbearance in July 2024, pausing both monthly payments and interest accrual. Here's what that means for future payments. 📰 More stories you shouldn't miss 📰 📰 A great read 📰 Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it! A popular pastime among Americans of a certain age is to wage an internal debate about when to claim Social Security: At age 62? Sixty-five? Seventy? In purely monetary terms, as it turns out, the question has a simple answer, and you can find it right on the Social Security website. About The Daily Money Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. Daniel de Visé covers personal finance for USA Today.
USA Today
17-07-2025
- Business
- USA Today
The Daily Money: A fight over Hawaiian ancestral lands
Good morning! It's Daniel de Visé with your Daily Money. Sara Kehaulani Goo's family has owned land in Hana, Maui, for nearly 200 years. It was a gift from a Hawaiian king in 1848, but several years ago, they almost lost it all. In 2019, while working as a journalist in Washington, D.C., Goo received an email from her father saying the property taxes on the 10 undeveloped acres had skyrocketed over 566%, from $300 to $2,000 in a year. So began a four-year-long journey for her family to fight for their ancestral lands. Private equity is coming to your 401(k) In the past, the private equity world has been largely populated by ultra-rich investors, endowments and pension funds. That may be about to change. Retirement savers with 401(k) accounts are gaining access to the private investment market, which mostly pivots on privately held companies, rather than public ones. And the Trump Administration is expected to sign an executive order in coming days that would call for federal guidance on adding private investments to 401(k) plans. Here's a rundown of what it means, and what retirement savers should do. 📰 More stories you shouldn't miss 📰 🍔 Today's Menu 🍔 This could be good news for fans of Mexican Coke: President Donald Trump announced Wednesday that Coca-Cola has agreed to use real cane sugar for its sodas sold in the U.S. "I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so," Trump wrote on Truth Social. He added, "This will be a very good move by them — You'll see. It's just better! When can cola fans expect the change? About The Daily Money Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. Daniel de Visé covers personal finance for USA Today.
USA Today
16-07-2025
- Business
- USA Today
Medical debt returns to credit reports
Good morning! It's Daniel de Visé with your Daily Money. Consumers were dealt a blow when a federal judge in Texas tossed out a Biden-era rule that would have banned the inclusion of medical debt on credit reports. In a move that arguably eliminates a vital consumer protection, U.S. District Judge Sean Jordan on July 11 granted a request from President Donald Trump's administration and industry groups to vacate the medical debt rule. Here's what it means for consumers. No more pizza at the office? If your company provides free office snacks or meals, that perk could be at risk due to President Trump's new tax law. A tax deduction offered to employers for takeout meals and company-provided cafeteria meals will expire at the end of this year, thanks to a provision in the so-called "Big Beautiful Bill", which became law earlier in July. Does that mean no more pizza on long work nights? 📰 More stories you shouldn't miss 📰 🍔 Today's Menu 🍔 An April Fool's joke made by a fast-food fan account wound up in a White House Press release on Monday. In a since-modified statement, the Trump administration touted recent changes made by major food and beverage companies in response to the administration's "Make America Healthy Again" initiative. Among the announcements: a bullet point claiming that California-based fast food chain In-N-Out "transitioned to 100% beef tallow." Alas, it was all a joke. About The Daily Money Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. Daniel de Visé covers personal finance for USA Today.
USA Today
14-07-2025
- Business
- USA Today
The Daily Money: Big changes ahead for your finances
Good morning! It's Daniel de Visé with your Daily Money. The so-called 'One Big Beautiful Bill,' which is now law, is nearly 900 pages, chock full of provisions that could boost the finances of everyday Americans. But who has time to read it all? Here are some of the bill's tax and spending highlights, and when they start and finish, if they do. Child care credits are coming Sarah Foster, 35, quit her job in the summer of 2024 after the stress of parenting and working full-time led to anxiety, depression, vascular disease and chronic pain. She said she was constantly cobbling together child-care plans. Foster's husband is a physician, and she describes her family as middle- to upper-class. Still, she worried about their ability to cover child care for her two kids without dual incomes. Several changes in the new tax-and-spending law target parents such as Foster. They include the biggest increases to child-care tax programs in a generation. NYC mayor candidate: Let's tax the rich In her unsuccessful 2024 presidential campaign, Democratic candidate Kamala Harris pledged to preserve most of Donald Trump's 2017 tax cuts, with at least one notable exception: She would have raised taxes on the wealthiest Americans. Now, the Democratic nominee for mayor of New York is floating a similar proposal. Among other plans, Zohran Mamdani wants to raise income taxes on the wealthiest New Yorkers by 2%. Taxing the rich to raise revenue has worked before. Would it work now? 📰 More stories you shouldn't miss 📰 About The Daily Money Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. Daniel de Visé covers personal finance for USA Today.
