ALL THE MONEY NEWS YOU NEED TO KNOW | | | |
Good morning and Happy Friday! This is Betty Lin-Fisher with Friday's consumer-focused edition of The Daily Money. |
President-elect Donald Trump doesn't take office until Jan. 20, but his proposed tariffs, and the effects they could have on U.S. retailers and ultimately consumers, are all the buzz.At an event in early December with major U.S. retailers, "we exclusively talked about this topic of tariffs," Balika Sonthalia of global strategy and management consultancy firm Kearney, told me for a USA TODAY story. |
Trump implemented some tariffs during his first term in office, but these proposed tariffs are different, several experts in the retail sector told me.Ultimately, consumers will pay the price for these tariffs, they said. | Max Lauer looks at some of the Hape products for sale at Kits & Kaboodle in Carmel, Friday, June 21, 2019. President-elect Donald Trump's proposed tariffs could affect consumer prices on a lot of goods, including toys, retail experts say. Kelly Wilkinson/IndyStar, |
Winter storm in Southeast causes flight cancellations |
A winter storm bringing a mix of snow and ice to the Southeast is snarling air travel this morning. More than 2,000 U.S. flights have been canceled and more than 1,100 others have been delayed as of 9 a.m., according to the flight-tracking website FlightAware. |
My colleague Eve Chen offers the latest information on what airlines are offering waivers and what you are entitled to if your flight is canceled. |
📰 Consumer stories you shouldn't miss 📰 |
Finally, here's a popular story from last year that you may have missed. Feel free to share it. |
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. | | | | What is different this time from previous Trump administration tariffs? We explain. | | | | The storm is expect to dump snow, sleet and freezing rain across the Southeast before moving up to the Mid-Atlantic. | | | | Some of the 170 million Americans who use TikTok say the stakes couldn't be higher. | | | | The Supreme Court is debating if TikTok can be banned in the U.S. later this month in a case pitting national security against free speech. | | | | A strong jobs report is good news for the economy. For stocks, not so much. | | | | The California wildfires could drive up premiums and prompt a new wave of private insurers dropping policies or declining to write new ones. | | | | A look at how powerful compounding can be when you're trying to build retirement wealth. | | | | Employers added 256,000 jobs in December despite uncertainty over President-elect Donald Trump's policies. Unemployment dipped to 4.1% | | | | The Consumer Financial Protection Bureau has been a political punching bag for years, but on the eve of a new Trump administration, it might survive. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | 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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