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Thursday, 7 August 2025

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Also: A new round of tariffs ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Aug 7 2025

 

Daniel de Visé Personal Finance Reporter

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

When Tom Haverford goes camping with coworkers in a 2011 episode of the NBC comedy "Parks and Recreation," he tricks out his tent with an Xbox, fondue pot, panini press, soft-serve ice cream maker, DJ Roomba, and even a real bed.

"How do you afford all this stuff?" he's asked. "I just return it the next day and claim it was defective," replies Haverford, played by actor Aziz Ansari.

Like most sitcom material, the antic is borrowed from real life

A new round of import tariffs

New import tariffs of 10% to 50% kicked in Thursday, targeting dozens of America's trading partners.

The new taxes took effect at 12:01 a.m. ET after weeks of suspense and frantic negotiations.

What does it mean for your shopping plans?

📰 More stories you shouldn't miss 📰

Why were all those job figures revised downward?
Bed, Bath & Beyond to open new stores
Did parents leave a 10-year-old at the airport?
Uber plans robotaxi expansion
What's really happening to Social Security benefits

📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

Many employers have been calling workers back to the office in 2025, after a long pandemic-fueled spell of working from home.

The return-to-office mandate has sparked a trend called "coffee badging." Paul Davidson explains.

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.

One of the sales associates at the Brookfield Kohl's shows Slobodan Krstie his 25% off coupon on his receipt from his Amazon return on July 12, 2019.

Have free returns gone too far? Shoppers return air conditioners after a heatwave and TVs after the Super Bowl to Costco, Home Depot and other stores.

Cargo containers are being offloaded from a ship in the Port of Long Beach.
 

Trump's new tariffs take effect, targeting dozens of trading partners

President Donald Trump's higher tariff rates of 10% to 50% on dozens of trading partners kicked in on Aug. 7.

More companies are asking workers to return to the office, spurring some employees to swipe their badges, stay at work for a little while and then go back home, a practice known as coffee badging.
 

Here's the strategy helping workers dodge return-to-office decrees

Workers coffee badge to avoid company mandates to work in the office. They swipe their ID badges to mark their arrival, grab some coffee, go home.

People visit the City of Sunrise booth at the Mega JobNewsUSA South Florida Job Fair at the Amerant Bank Arena on April 30, 2025 in Sunrise, Florida. Over 150 local hiring managers & recruiters were at the job fair to recruit workers for thousands of positions in Miami, Broward, and Palm Beach County.
 

Why were the jobs revisions that led Trump to fire BLS chief so large?

The jobs report revisions that prompted Trump to fire the BLS commissioner were historically large. Here's why (Hint: it wasn't rigged data).

Pictured is the store front for the new Bed Bath & Beyond Home that is opening in Nashville, Tennessee, on August 8, 2025.
 

Iconic brand relaunch: Bed Bath & Beyond Home debuts this week

Bed Bath & Beyond is having a grand opening for its first store since the retailer filed for bankruptcy in 2023.

Passengers wait to embark at Josep Tarradellas Barcelona-El Prat airport in Barcelona, Spain in this file photo from Dec. 8, 2024.
 

Parents accused of leaving 10yo child at airport to catch their flight

Spanish authorities say the boy wasn't able to board because he didn't have the right documentation and his parents boarded without him.

The Uber logo is seen on the rear window of a taxi in Dublin, Ireland, June 29, 2025.
 

Uber in talks to raise capital for major robotaxi expansion

The rideshare company is in talks with private equity firms and banks to secure funds to build its autonomous vehicle business.

Social Security cards.
 

Here's what's really happening to Social Security benefits

The program is looking at cuts, but they're not a given.

FILE PHOTO: The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021.
 

Private equity is coming to your 401(k). Here's how much to invest.

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.

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