Friday, October 4, 2024

US port strike ends

Plus: The American Dream is pricey ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Fri Oct 4 2024

 

Betty Lin-Fisher Consumer reporter

@blinfisher

Good morning and Happy Friday! This is Betty Lin-Fisher with Friday's consumer-focused The Daily Money.

The union representing 45,000 U.S. dock workers and port operators on the East Coast and Gulf Coast has reached a tentative deal to end a three-day strike.

The strike, the first by the union since 1977, threatened shortages and price increases on goods such as bananas and auto parts. The deal will extend the master contract until January while the two sides continue to negotiate on other items.

The work stoppage caused some consumers around the country to go into panic mode for other essentials like toilet paper – even though that is mostly a domestically made product – harkening back to runs on those goods during the COVID-19 shutdown.

Port Worker strike

Members of the International Longshoreman's Association strike Tuesday at Port Elizabeth in New Jersey.

Chris Pedota/NorthJersey.com/ USA TODAY NETWORK

The American Dream is expensive

Hoping for the American Dream? It'll cost you.

Financial media site Investopedia recently added up the costs to reach the classic American Dream goals, such as homeownership, parenthood, a fancy wedding, cars, vacations, pets, a comfortable retirement and a dignified funeral.

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It's sticky when you bought a house with friends and now you want out, the Wall Street Journal reports.
The IRS has doubled the number of states eligible for its free Direct File.
Costco has cut prices on some of its Kirkland brand items.
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A long-awaited three-and-a-half year cruise has finally boarded.

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USA TODAY reporter Daniel de Visé talked to so me of the millionaires who built their fortunes – without inherited wealth.

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.

Members of the International Longshoreman's Association strike Tuesday at Port Elizabeth in New Jersey.

US dock workers and port operators have reached a tentative deal that will immediately end a three-day strike.

A Costco shopper in Inglewood, California, stocks up on water, toilet paper and paper towels a day after the East Coast port strike began.
 

Back to hoarding toilet paper? Port strike stokes some panic buying.

Some consumers, worried about COVID-19-era shortages amid a dockworkers strike at ports, are stockpiling goods. Do they need to?

Woman set to test drive car with salesperson at window.
 

Impossible Dream? The lifetime tab for the American Dream is $4.4m

You can live the American Dream, but it'll cost you.

The IRS will up the income thresholds for each tax bracket starting in 2024.
 

30 million Americans will be eligible for IRS free Direct File in 2025

Americans across 24 states will be eligible to file taxes free using its Direct File tool, IRS says. Last year's pilot only included 12 states.

Shoppers line up Thursday morning, Feb. 22, 2024, for the grand opening of the new Costco Wholesale at One Daytona in Daytona, Florida.
 

Costco says it cut prices on some Kirkland Signature products

Costco said in its fourth quarter earnings call that the company has cut prices on some of its private label Kirkland Signature items.

Villa Vie Odyssey was due to set sail in May.
 

Long-delayed 3.5-year cruise finally sets sail

The long-delayed sailing departed Belfast, Northern Ireland, where its Villa Vie Odyssey ship has been docked in recent months, on Thursday.

A Dixie employee leads an applicant as a sign guides job seekers to their designations during the Dixie Job Fair hosted at Jackson TCAT in Jackson, Tennessee, on Thursday, Jul. 20, 2023.
 

Jobs report: US employers add 254,000 jobs, blowing past forecasts

The job market and employers made a surprisingly strong showing in the September jobs report, new figures show.

Passports on a map of the world to illustrate the keys to world travel.
 

Passport wait times just got shorter

Waiting for a passport can be stressful, but that wait just got a little shorter.

Boeing factory workers hold signs as they wait to vote on their first full contract in 16 years, at an International Association of Machinists and Aerospace Workers District 751 union hall, in Renton, Washington on Sept, 12, 2024.
 

Boeing union: 'Time for the new CEO to truly engage' to end strike

Roughly 33,000 Boeing workers have been on strike since Sept. 13. Boeing cut off their healthcare benefits on Sept. 30.

USA TODAY
 

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