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Thursday 14 March 2024

Congress comes for TikTok

06:41

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Also: When dollar stores close. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Mar 14 2024

 

Daniel de Visé Personal Finance Reporter

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

Are they really banning TikTok?

The House voted overwhelmingly on Wednesday to approve a measure that would ban the social media site from operating in the United States or force a sale, posing the most serious threat yet to the popular short-form video platform.

At issue is TikTok's Chinese ownership, Jessica Guynn reports. U.S. officials say parent company ByteDance could hand over the personal information of the 170 million Americans who use the app to Beijing.

What happens next?

Ap Congress Tiktok

Are they really banning TikTok?

J. Scott Applewhite, AP

Nearly 1,000 Family Dollar stores are closing

What does it say about the US economy when dollar stores start shutting down?

Dollar Tree announced it will close nearly 1,000 of its Family Dollar stores for underperformance in 2023.

How many Family Dollar stores are there? Which ones will close? What will happen to other dollar store brands?

📰 More stories you shouldn't miss 📰

For retirement savings, is $1M the new normal?
Why are small businesses struggling?
Tax milestones, from 0 to 120
Where should I go for an emergency loan?

🍔 Today's Menu 🍔

Say what you want about chewing gum: It's cheaper than therapy.

Mars Wrigley is moving away from promoting its chewing gum products as breath deodorizers, and leaning in to a new selling point: stress relief for the young.

For over a century, gum has been synonymous with freshening breath, the company reasons. But now, Mars Wrigley is rebranding its product in "the biggest consumer engagement operations" in its history, it said.

"We found that people, particularly (25 and under), were intuitively integrating our chewing gum into their wider toolkit of well-being solutions," the company said in an e-mail. "And that they were chewing gum to support their emotional needs."

We wonder what the nation's dentists will say.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Daniel de Visé covers personal finance for USA Today.

Protesters outside of the United States Capitol as the House voted and approved a bill Wednesday that would force TikTok's parent company to sell the popular social media app or face a practical ban in the U.S.

The House voted overwhelmingly to approve a measure that would ban TikTok from operating in the United States or force a sale. What you need to know.

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A Family Dollar store on Jackson Avenue is temporarily closed down, one of hundreds such stores in the Mid-South after a rodent infestation at a West Memphis, Ark. distribution plant caused the company to close stores that may have been shipped contaminated products.
 

Nearly 1,000 Family Dollar stores are closing, owner Dollar Tree announces

Dollar Tree announced that it will close nearly 1,000 of its Family Dollar stores after the stores experienced a significant underperformance in 2023.

"It could happen to you." A Powerball ticket can make you a millionaire overnight. Tickets start at $2 apiece.
 

For retirement savings, is $1M the new normal?

Looking for the best states to retire? Some analysts say $1M is the retirement benchmark, and you'll need it in these states.

A small business owner with packages and supplies.
 

US economy may be soaring, but small businesses feel left out

Small business owners are increasingly reliant on credit cards to finance their business, and thus, are paying more due to higher interest rates.

A healthcare professional taking the blood pressure of a patient.
 

2025 COLA estimate rises with inflation but is still smaller than 2024

2025's COLA estimate rose to 3.1% after hotter February inflation data. However, it's still below 2024's 3.2% bump and leaves seniors struggling.

20. IKEA     • Decline in rank, 2020 to 2021:  -12 places (No. 72 to No. 84)     • Brand value, 2021:  $21.0 billion     • Change in brand value, 2020 to 2021:  +17%     • Industry:  Retail
 

IKEA is cutting prices on hundreds of products. Here's why.

Swedish home and furniture company IKEA has been cutting prices for months and plans to continue expanding its price cuts in 2024.

Tax milestones
 

Happy birthday! From 0 to 120 years, these are tax milestones to know

Age matters in taxes. When can you take the Child Tax Credit or an extra standard deduction? Here's a list of tax birthdays to mark on your calendar.

018 2024 Tesla Cybertruck
 

Which big companies paid $0 in federal income tax over five years?

Dozens of large corporations paid more money to their top executives than they shelled out in federal taxes, according to a new watchdog report.

A person at a laptop holding documents.
 

Is your retirement plan inflation-proof?

Make sure to put some safeguards in place.

Wrigley's Orbit, Extra and eclipse -- American Dental Association giving its seal of approval (for the first time) to a chewing gum.
 

Mars Wrigley promotes gum as stress reliever of 'everyday life'

Mars Wrigley is deviating from promoting its chewing gum as not just a cure for bad breath, but also a mental well-being tool.

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