Monday, March 10, 2025

Is Tesla losing power?

Also: Canadians sour on US spirits ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Mon Mar 10 2025

 

Daniel de Visé Personal Finance Reporter

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

As shares of Tesla Inc. lose ground, the company's chairman and presidential adviser Elon Musk is losing big.

Forbes, which maintains a real-time billionaire wealth tracking tool, estimates the 53-year-old was worth $342.4 billion as of the close of business Thursday, down a whopping $121.2 billion from an all-time high of $464 billion, set Dec. 17. Is Musk still the richest person in the world?

Canadians sour on US spirits

Though the tariffs on goods imported to the U.S. from Canada and Mexico have received a temporary reprieve from President Donald Trump, negative consumer sentiment from Canadians about U.S. products has many American companies on edge.

American liquor, wine and spirit brands have been pulled off shelves in many Canadian stores as part of retaliatory measures to Trump's tariffs, which are temporarily on hold. And the U.S. beer, wine and spirits industries are worried.

Here's the best age to claim Social Security

A popular pastime among Americans of a certain age is to wage an internal debate about when to claim Social Security: At age 62? Sixty-five? Seventy? 

In purely monetary terms, as it turns out, the question has a simple answer, and you can find it right on the Social Security website

📰 More stories you shouldn't miss 📰

Immigrant caregivers fear deportation
Fired national park ranger finds new job
Overpaid by Social Security?
Empathy and tiny homes
Is now a good time to buy stocks?

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.

Daniel de Visé covers personal finance for USA Today.

Protesters stand outside of a Tesla dealership at Easton Town Center on Saturday, March, 8, 2025. Elon Musk, who leads Tesla, also runs the so-called Department of Government Efficiency to slash parts of the federal government's spending under President Donald Trump.

As stocks sell off and Tesla is targeted by protestors, Elon Musk is losing billions

A sign notifying customers that a Canadian store will stop selling U.S. liquor. REUTERS/Ed White
 

Canadian backlash erupts over tariffs. Wine, whiskey shunned. What's next?

Jack Daniels is worried. American wine and beer brands are being pulled from shelves as a "Buy Canadian" sentiment grows.

Retirement age
 

Best age to take Social Security, based on simple math

Americans endlessly debate the best age to claim Social Security. If you ask economists and actuaries, the answer is actually pretty simple.

Attorney Stephen J. Lacey, who specializes in probate and estate planning, advises that as a personal representative, "you are responsible for honoring the decedent's wishes while adhering to Florida's laws. Mismanagement of homestead property can lead to conflicts, delays, and potential legal consequences."
 

Older Americans are using credit cards to cover groceries and rent

An alarming share of older adults use credit cards to cover basic living expenses, AARP reports in a new survey.

Brian Gibbs and his son Oliver pose in their ranger uniforms.
 

Clothing brand creates new shirts to benefit fired US park ranger

Brian Gibbs' viral Facebook post describing his National Park Service termination inspired two new T-shirts from Raygun.

A woman shows off some of the masks she made for community members during the COVID-19 pandemic in Marysville, Ohio.
 

Immigrants addressing U.S. caregiver shortfall worry about deportation

Although immigrants comprise 17% of the total American labor force, they make up 31% of the home care workforce.

The Social Security Administration will begin recouping 100% of overpayments to beneficiaries starting March 27, 2025.
 

Social Security changes course on overpayments: Here's what to know

The Social Security Administration overpays billions in benefits annually. The agency will increase its efforts to be repaid starting March 27.

Amanda Thompson, founder of Prime Craftsman Homes, poses at her work site on March 4, 2025, in Skiatook, Okla.
 

Empathy and tiny homes: one native woman tackles the housing crisis

Amanda Thompson, a native Cherokee, has a plan to solve the housing crisis in Tulsa and beyond with factory-built small homes

This is an image of the U.S. flag and China's flag with the words "Trade War" written across it.
 

As Trump's tariffs take effect, is it smart to buy stocks right now?

The past few weeks have been tough for investors. All three major benchmarks have dropped, temporarily halting what looked like unstoppable momentum.

USA TODAY
 

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