ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Addressing "lower business demand," Best Buy has laid off a significant number of employees, including Geek Squad field agents, Amaris Encinas reports. |
Home-theater repair technicians and phone support specialists were among those affected by the most recent wave of layoffs at the Richfield, Minnesota-based company, according to the Star Tribune newspaper. |
Trump stock plummets, again |
Trump Media & Technology Group shares plummeted more than 18% Monday after the company took steps to sell millions of additional shares. |
Trump Media, the parent company of social media platform Truth Social, filed to register up to 146.1 million shares for sale, including nearly 115 million owned by Trump, Bailey Schulz reports. Trump Media shares ended the day at $26.61. That's down more than 60% from their peak in late March, after the company made its stock market debut. |
The company generated about $4 million in revenue in 2023 -- less than the average Chick-fil-A drive-thru, the Washington Post noted -- while losing more than $58 million. |
📰 More stories you shouldn't miss 📰 |
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it! |
If you're one of many Americans who think you'll work till 75 or 70, or even 65, think again. |
The average American retires at 62. Sixty-two is not particularly old. The average over-50 worker expects to retire at 67, according to Transamerica. The average life expectancy is 77 ½. Our president is running for reelection at 81. |
But few of us get to retire when we want. |
Here are the stories of seven Americans who retired years earlier than planned, for reasons largely beyond their control. |
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. | | | | Best Buy has made significant cuts to its workforce, including the Geek Squad. On the heels of the cuts, the Minnesota-based company announced that AI will help customers. | | | |  | Trump Media & Technology Group shares plummeted Monday after the company took the first steps to issuing millions of additional shares. | | | | PepsiCo has recalled over 200 cases of Schweppes Ginger Ale after finding "full sugar" in the zero-sugar product, which is dangerous for millions of Americans. | | | | Monday is the tax deadline for most of America but there are some locations granted grace by the IRS. | | | | Domino's Pizza announced Monday it is adding New York-style pizza to its menus nationwide. Here's what you need to know. | | | | Tesla CEO and co-founder Elon Musk sent a memo to employees announcing the tech giant will be laying off 10% of its global workforce. | | | | When it comes to investing in artificial intelligence (AI) stocks, it can pay to know where billionaires are putting their money. | | | | Disney's Disability Access Program is the parks' most popular service. Those who are found to lie and misuse the program face big consequences. | | | | U.S. motorists could see an impact on pump prices, but that depends on what Israel and Iran do next. | | | | Property taxes nationwide have increased since before the pandemic. Between 2019 and 2023, the median value of annual property taxes increased nearly 25%. | | | | |  | 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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