Monday, September 30, 2024

Port strike could cause havoc

Plus: Tax, rate changes will impact savings ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Mon Sep 30 2024

 

Betty Lin-Fisher Consumer reporter

@blinfisher

Good morning and welcome to a new week! This is Betty Lin-Fisher with today's The Daily Money.

If union workers at 36 East coast and Gulf Coast ports don't reach an agreement and go on strike after midnight Tuesday, it could lead to supply shortages and increased prices for consumers.

If the International Longshoremen's Association goes on strike, it would be the first time since 1977.

The ports handle about half of U.S. ocean imports, including food, clothing, auto parts, cars shipped via container and holiday toys.

Find out more in a story by my colleague Medora Lee.

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A strike by the International Longshoremen's Association, the union that represents 45,000 dockworkers, could shut down key port facilities in Newark and Elizabeth. Chris Pedota/NorthJersey.com

Chris Pedota/NorthJersey.com

Changes will affect your money

Higher taxes and lower interest rates mean changes for consumers. The Federal Reserve's recent interest rate cut will affect savers who were enjoying higher returns on their money. An upcoming expiration of Trump tax cuts at the end of next year will also have an affect on people's cash.

Medora Lee spoke with some financial advisers for some advice.

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🍔 Today's Menu 🍔

Shirley Temple drink fans, this one's for you. 7Up has confirmed the release of a Shirley Temple 7Up flavor for the holidays.

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.

Cargo containers wait to be transported after being offloaded at the Port of Los Angeles, Oct 16, 2021 in San Pedro, Calif. Supply chain issues have caused shortages of goods throughout the country with cargo ships waiting off shore in Southern California to offload.

If East Coast and Gulf Coast port workers don't reach a labor deal this week, Americans could face high prices and shortages this holiday.

SAVANNAH, GEORGIA - SEPTEMBER 24: Republican Presidential candidate, former U.S. President Donald Trump speaks to attendees during a campaign rally at the Johnny Mercer Theatre on September 24, 2024 in Savannah, Georgia. The former president spoke to attendees on various plans including the tax code, U.S. manufacturing, and future economic opportunities if reelected for a second term. Trump continues campaigning around the country ahead of the November 6 presidential   election. (Photo by Brandon Bell/Getty Images)
 

Savers may hurt as tax rates rise and interest rates drop. What to do

Tax Cuts and Jobs Act sunset next year will mean higher tax rates as interest rates drop. That's bad for savers. Here's how to avoid the squeeze.

Most guests visiting Universal Orlando Resort have to walk through CityWalk to get to the parks.
 

What to do at Universal without a ticket

You can get a taste of Universal Orlando without ever stepping into its theme parks. Here's how.

Women of all generations are invited to explore the south of France.
 

Only women can sail on this river cruise through the south of France

Luxury river cruise brand Uniworld announced its 2025 lineup, including its first-ever women-only sailing through Burgundy and Provence.

Albert Brent Chase, center, is surrounded by dancers who brought helped bring their Navajo stories to life through music and movement.
 

National parks aren't just places. These are their people.

National parks are among America's most popular destinations, but there's much more to them than spectacular scenery.

When companies offer child care benefits, it's not only a game changer for moms ‒ it's a game changer for everyone.
 

Opinion: Gender pay gap is widening. Blame the 'motherhood penalty.'

As child care cost continues to soar, women just keep falling further behind. It's a vicious cycle, where pay inequity begets more pay inequity.

Smiling couple sitting at table in their backyard.
 

4 sources of retirement income besides Social Security for 2025

Social Security checks are getting a boost next year, but if you're a retiree, you'll probably still need money from other sources to make ends meet.

7UP's take on the "Shirley Temple," a classic mocktail will be available for purchase on Oct. 14, 2024, through Dec. 31, 2024, while supplies last.
 

'We're so back:' 7UP's Shirley Temple soda is real, will hit shelves soon

7UP unveiled their version of a Shirley Temple on Friday, confirming rumors that the mocktail-inspired soda flavor will hit shelves shortly.

An American Airlines plane on the tarmac.
 

Flight to nowhere: Flight makes U-turn after 9 hours

Passengers on an American Airlines flight ended up going on a nine-hour flight to nowhere due to an issue with the plane lavatories.

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