Money, Wealth & Power—A Daily Look at the Financial World
Despite recent policy shifts, certain student loan borrowers remain blocked from accessing tax-free forgiveness under federal programs. The Trump administration has agreed to deliver more student loan forgiveness for some federal borrowers, including restarting cancellation processes. However, a critical deadline looms with just 10 weeks left for affected individuals to avoid a significant tax burden…
Amazon has announced a significant price increase of 12.8 percent on a variety of imported goods, attributing this adjustment to the rising tariffs on Chinese imports. This decision is impacting consumer budgets across the United States, as the retailer aims to manage the financial strain caused by these tariffs. The price hike affects popular electronics…
In a landmark move, Visa and Mastercard are set to enforce a nationwide policy change that will require all U.S. retailers to adopt EMV chip-enabled payment terminals by October 2024. This shift, the most significant in retail card technology in two decades, could impact up to 800,000 stores across the country. Driven by a need…
AT&T customers affected by a significant data breach may be eligible to receive up to $7,500 each as part of a $177 million class-action settlement. This settlement aims to compensate those whose sensitive information was exposed during the breach. The claims are being processed through the administrator Kroll, and eligibility is primarily for specific AT&T…
Amazon has agreed to a significant settlement with the Federal Trade Commission (FTC) over allegations of misleading practices within its Prime subscription service. The settlement mandates Amazon to pay $1.5 billion directly to affected Prime members as refunds. This agreement, which follows an FTC lawsuit, also includes broader penalties totaling $2.5 billion. Prime users who…
Dollar Tree has officially abandoned its long-standing commitment to pricing all items at $1 or less. CEO Michael Witynski announced during the company’s Q2 2024 earnings call that multi-price formats will now be the standard across all 8,700+ stores. This shift builds on the introduction of higher-priced items since 2021, now extending up to $7…
The Coinbase Card has emerged as a significant player in the financial landscape, offering a unique blend of cryptocurrency integration and traditional financial services. As digital currencies become more mainstream, understanding the features and implications of such financial tools is crucial. This article delves into five key aspects of the Coinbase Card, providing insights into…
The cessation of penny production in the United States has sparked a significant cash shortage, affecting retailers nationwide and intensifying a coin crisis that began escalating in late October 2025. In Erie, Pennsylvania, local businesses, banks, and credit unions are particularly feeling the pinch, grappling with operational disruptions due to the scarcity of pennies. This…
In February 2025, President Trump issued an order to end the minting of pennies, a move projected to save taxpayers millions annually. This decision is expected to have minimal impact on Arizona copper mines, prompting Americans to consider what to do with their existing stockpiles as production ceases later this year. While pennies will no…
SoFi, a nationally chartered bank, has re-entered the cryptocurrency market, offering trading services to U.S. customers. This move marks SoFi’s return to the crypto space after a previous suspension, allowing eligible users to buy, sell, and hold select cryptocurrencies directly through its platform. Investors should consider the regulatory compliance and integration with SoFi’s broader financial…