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. |
Sara Kehaulani Goo's family has owned land in Hana, Maui, for nearly 200 years. It was a gift from a Hawaiian king in 1848, but several years ago, they almost lost it all. |
In 2019, while working as a journalist in Washington, D.C., Goo received an email from her father saying the property taxes on the 10 undeveloped acres had skyrocketed over 566%, from $300 to $2,000 in a year. |
Private equity is coming to your 401(k) |
In the past, the private equity world has been largely populated by ultra-rich investors, endowments and pension funds. That may be about to change. |
Retirement savers with 401(k) accounts are gaining access to the private investment market, which mostly pivots on privately held companies, rather than public ones. And the Trump Administration is expected to sign an executive order in coming days that would call for federal guidance on adding private investments to 401(k) plans. |
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This could be good news for fans of Mexican Coke: President Donald Trump announced Wednesday that Coca-Cola has agreed to use real cane sugar for its sodas sold in the U.S. |
"I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so," Trump wrote on Truth Social. He added, "This will be a very good move by them — You'll see. It's just better! |
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. | | Journalist Sara Kehaulani Goo's new memoir explores her family's struggle to keep their ancestral land in Maui. | | Private equity has been largely the province of ultra-rich investors, endowments and pension funds. That may be changing. | | | | Coca-Cola hasn't yet confirmed plans anytime soon to change its formulas for its soda beverages sold in the U.S. | | | | President Donald Trump on Wednesday appeared to escalate his attacks on Federal Reserve Chair Jerome Powell, a step investor call dangerous. | | | | The Social Security Administration is transitioning away from paper checks this year, only allowing electronic payments for beneficiaries. | | | | A Michigan woman is suing Monster Energy for $25,000 after finding a dead mouse in her drink, a lawsuit states. | | | | On Monday, Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted. | | | | This list of states that tax Social Security benefits has been shrinking. As of 2016, for example, 13 states taxed Social Security. | | | | 2026 Social Security's cost-of-living adjustment could rise 2.7%. But Medicare Part B premiums are set to rise even more, eating most of the COLA. | | | | 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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