ALL THE MONEY NEWS YOU NEED TO KNOW | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
President Trump signed an executive order Wednesday, ending a trade loophole that allows for low-value goods to be shipped to the U.S. duty-free. Packages valued at $800 or less sent outside the postal network will face "all applicable duties," the White House said. The order takes effect August 29. |
5 forms your kid should sign before college |
"Happy 18th birthday, kid! Now, sign these forms." |
A birthday party might not be the right moment to broach the issue. But some time after your child turns 18, experts say, you should present them with a stack of legal and financial documents to sign. |
They're still your kids. But when they turn 18, they are also adults. And that means you no longer have access to large portions of their life, at least not without their consent. |
So, what about that rate cut? |
When, exactly, can we expect the Federal Reserve to cut interest rates? |
The central bank didn't touch rates at its July meeting, which ended Wednesday. The next meeting comes in September. |
"We have made no decision about September," Powell told reporters Wednesday. But economic forecasters have plenty of theories about what the Fed will do . |
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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. | | President Trump signed an executive order ending de minimis trade loophole. The order will take effect Aug. 29. Here's what you need to know. | | They're still your child. But when they turn 18, they are also an adult. And that means you lose access to big parts of their life. | | | | Will the Fed cut rates after its next meeting in September? The odds have fallen since Powell's remarks. | | | | For some young Americans, a majority of whom are entrepreneurial-minded, unconventional work is a solution to getting ghosted by employers. | | | | India is responsible for supplying a sizable portion of these imported goods and products to the U.S. | | | | The White House cited national security concerns for its tariff on copper, and Trump asked for restrictions on the export of copper scrap. | | | | The hike could destabilize the long-entrenched import, distribution and retailing system while not providing much export potential for US wineries. | | | | Retirement as a couple has its perks: shared goals, double the savings and someone to dream with. But double the planners means double the opinions. | | | | The Federal Reserve left its key interest rate unchanged at 4.25% to 4.5% and offered no clues on whether it will resume its rate cuts in September. | | | | 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. | | | | | |
