Tuesday, April 2, 2024

New questions about Trump stock

Also: A tipping point for tips? ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Apr 2 2024
 

Daniel de Visé | Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

An auditor is raising concerns about the viability of Donald Trump's social media company. 

Trump Media, the company behind the social media platform Truth Social, went public last week. The stock's price has been volatile in the days since. 

Experts have said the company is overvalued, buoyed by investments from Trump supporters.

Now, Bailey Schulz reports, an independent accounting firm is asking some hard questions.

Has tipping reached a tipping point?

If you think that tip request screens are popping up in strange places, you are not alone.

Nearly 3 in 4 people think tipping culture has spun out of control, James Powel reports, according to a survey from WalletHub.

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📰 A great read 📰

Here's a recent story that resonated with readers: A greatest hit, if you will. Read it again. Read it for the first time. Share it with friends.

The divorce rate has doubled since 1990 for Americans over 55. For couples over 65, the rate has tripled.

And in financial terms, few "gray divorcees" are better off.

Gray divorce has surged in recent decades, federal data shows, even as the divorce rate for younger Americans has declined.

About The Daily Money

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.
In this photo illustration, Republican presidential candidate former President Donald Trump's social media platform Truth Social is shown on a cell phone on March 25, 2024 in Chicago, Illinois. The company is expected to go public tomorrow on the NASDAQ market, trading under the ticker symbol DJT. Trump reportedly owns about 58 percent of the company, a stake that could be valued at roughly $3 billion.

An accounting firm notes that Trump Media's operating losses "raise substantial doubt about its ability to continue as a going concern."

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A view of the tip jar at Coffee Emporium in Over-the-Rhine, pictured on Friday, May 26, 2023.
 

Survey: Nearly 75% of people think tipping is out of control

A WalletHub survey found that nearly 3 in 4 respondents thought that tipping was out of control and more than half thought that businesses were using tips to replace wages.
Costco will begin offering a discounted weight-loss program through its healthcare partner, Sesame, on April 2.
 

Looking to lose weight? Costco to offer program through medical partner

Costco is expanding its partnership with medical provider Sesame to offer weight-loss programming to its members.
A happy-looking businessman betting on sports in his office, with sports betting open on his computer.
 

What are the rules on workplace betting or office pools?

In most cases, it's wise to exercise caution when it comes to betting at work, including participating in office pools for sports tournaments.
A smiling investor looks at a laptop screen in an office.
 

Prediction: This will be Nvidia's next big move

The tech giant may use its past as inspiration.
With summer in swing, a spike in divorces may be just around the corner for Americans, and to ensure the best possible outcome, divorce and family law attorneys say planning needs to begin now.
 

How to organize your finances for a 'gray divorce'

The divorce rate has doubled since 1990 for Americans over 55. And in financial terms, few "gray divorcees" are better off.
100th birthday
 

Want to live to 100? Good luck paying the retirement bill.

With all the aches and pains that attend old age, how many Americans would really want to live to 100? A lot of us, it turns out.
Judi and David Koncak may have little to leave their family due to high health care costs
 

The 'great wealth transfer' may not be so great. Here's why.

The 'great wealth transfer' may not happen the way Gen Z, millennials hope. Boomers face medical costs that may erode inheritances they hope to give.
7-Eleven has teamed up with art-inspired beverage brand Miracle Seltzer to create a new lineup of sparkling water flavors including Big Bite Hot Dog.
 

April Fools' Day 2024: Get in on the joke with these new products

April Fools' Day is Monday, April 1. Here's some pranks and jokes you can get in on early, including fake personal care products and a new Tinder job.
In 2020, at a time when many people were looking for a job, scammers were hard at work trying to trick Americans out of their money. Throughout the year, law enforcement reported 4.7 million instances of fraud, identity theft, and other scams. This shattered the previous record from 2019 by nearly 1.5 million reports. In total, Americans lost $3.3 billion to fraud last year. Though every state had hundreds, if not thousands, of reports of fraud, some state populations were much more prone to identity theft than others. A few states reported less than 100 incidents per 100,000 residents, while three states reported over 1,000 incidents per 100,000. 24/7 Wall St. reviewed data from the Federal Trade Commission's Consumer Sentinel Network Data Book to identify the states with the most and least identity theft. In 2020, by far the most common type of identity theft involved people fraudulently applying for government benefits. As the federal government offered loans to businesses and additional unemployment benefits because of the pandemic, there were nearly 400,000 reports of people fraudulently applying for or receiving benefits -- a nearly 3,000% increase from the previous year. In most cases, the person reporting fraud did not lose any money. Still, nearly three-quarters of a million Americans, just over a third of cases, were defrauded out of some money. The median loss in these cases was $311, yet nearly 40,000 Americans reported losing over $10,000 in some kind of criminal scam. There does not appear to be any common through line between the states with the most identity theft per capita. The states near the top of the list run the gamut between big and small populations, high and low income, and they are located all across the country. Some of the states with the most identity theft generally have low violent crime rates, while others rank among the most dangerous states in America.
 

AT&T breach: Data from 73 million accounts leaked onto dark web

A data breach has led to personal information from up to 73 million former and current AT&T accounts being posted on the dark web, the company says.

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