ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Last month, two economists from opposing ideological camps published a research brief that argued Congress should halt the subsidies that allow people to make pre-tax contributions to retirement savings accounts: in other words, abolish the 401(k) and IRA. |
Those tax benefits mostly favor the well-heeled, they said. Congress could use the savings, nearly $200 billion a year, to shore up Social Security. | A snapshot of the sort of sports action one might expect on the new streaming service. USA Today Sportsbookwire |
New streaming service courts cord-cutting sports fans |
And now, more on that new sports streaming service. |
The joint venture from Fox, Disney's ESPN and Warner Bros. Discovery is a major-league play for sports fans who are cord-cutters and cord-nevers, meaning they no longer subscribe to a traditional pay-TV bundle or never did, Jessica Guynn reports. |
The idea, according to Disney CEO Bob Iger, is to deliver a cheaper alternative to traditional cable for viewers who want to watch a full slate of sports. The typical "big bundle" cable television service runs upwards of $100 a month. This "skinny bundle" would be cheaper. How much cheaper, we don't know just yet. Read the story. |
📰 More stories you shouldn't miss 📰 |
Indeed. Coca-Cola announced Wednesday it is introducing a new permanent flavor to its lineup: "Coca-Cola Spiced." The first permanent Coke offering in three years is laced with flavors of raspberry and spice and comes in regular and zero-sugar variations, Saman Shafiq reports. |
"It's Coca-Cola, only spiced," Coke says of the new flavor. Huh. Maybe on a really cold day? Read the story. |
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
Daniel de Visé covers personal finance for USA Today. | | | | Two economists argue Congress should abolish the subsidies that allow people to make pre-tax contributions to retirement savings accounts. | | | |  | New sports streaming venture from Fox, Disney's ESPN and Warner Bros. targets sports fans who no longer subscribe to a pay-TV bundle or never did. | | | | Disney announced in its first quarter earnings call that it would buy an equity stake in Epic Games, the maker of Fortnite, for $1.5 billion. | | | | The rental marketplace Zillow on Thursday announced the option to search for individual room listings as Americans face skyrocketing housing costs. | | | | Donna Kelce, mom of NFL All-Pros Jason and Travis, has tips if you might be throwing their first Super Bowl party, thanks to the Taylor Swift effect. | | | | "It's Coca-Cola, only spiced," says Coke about the new flavor that will be hitting shelves on Feb. 19. Here's what to know – and what it tastes like. | | | | The latest issues has renewed questions about the Boeing 737 Max's safety record and left some travelers wondering if they want to fly the planes. | | | | A precious metals strategist with investment banking company UBS projects the price of gold and silver to rise if the Federal Reserve eases interest rates this year. | | | | Here are the top 100 tax and top 100 accounting firms for your company, based on a USA TODAY/Statista survey. Both peers and clients were polled. | | | | Do minors have to pay taxes? Learn when and how your child needs to file a return with the IRS. | | | | |  | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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