ALL THE MONEY NEWS YOU NEED TO KNOW | | | |  |
Good morning and Happy Friday! This is Betty Lin-Fisher with Friday's consumer-focused The Daily Money. |
Summer is still in full swing, but parents can save some money if they take advantage of school supply tax-free holidays in 17 states. Mississippi's tax-free holiday is already over, but Alabama's starts today and runs through this weekend. |
Some states, like Massachusetts and Ohio have expanded tax-free holidays that go beyond school-related purchases, covering a large variety of purchases for personal use up to a certain price. | Customers browse through school supplies for sale at the Walmart on Parkside Drive in Turkey Creek, Tennessee in 2023 during Tennessee's annual sales tax holiday. Brianna Paciorka/News Sentinel / USA TODAY NETWORK |
Global tech outage affecting multiple industries |
Consumers are waking up this Friday morning to news of a global tech outage, which has hit airlines, banks, healthcare, coffee shops, TV newsrooms and public transit. |
Crowdstrike , a U.S. firm that advertises being used by more than half of Fortune 500 companies, said one of its recent content updates had a defect that impacted Microsoft's Windows Operating System. The company said the incident "was not a security incident or cyberattack." |
But even after the company said a fix had been deployed, the ripple effects are huge. In the U.S, thousands of flights have been canceled or delayed and public transit in some cities have been affected. Across the globe, the outages also caused major issues. |
📰 Consumer stories you shouldn't miss 📰 |
| • | Netflix is phasing out its cheapest ad-supported plan. | | • | AirBnB has failed to protect customers from hidden cameras, CNN reports in an investigative piece. | | • | A U.S. appeals court has blocked all of Biden's SAVE student debt relief plan. | | • | How much did shoppers spend on Amazon Prime Day? | | • | How much does the average family spend on groceries a month? | |
While today's global outage is not being blamed on a cyberattack, there has been plenty of news lately around cybersecurity. A report from the Identity Theft Resource Center this week said there are more than 1 billion data breach victims so far this year – a 409 percent increase from the same time last year. |
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. | | | | These 17 states offer tax-free shopping during specific times for back-to-school shopping. | | | |  | In the U.S., hundreds of flights were canceled Friday morning and some public transit systems reported impacts. | | | | Several U.S. carriers issued ground stops for all their flights early on Friday due to communication problems, according to the FAA. | | | | Netflix is canceling its $11.99 monthly basic subscription for streaming without ads. Subscribers will need to opt for another option. | | | | A federal appeals court Thursday blocked the continued implementation of SAVE, a student debt relief plan designed to lower monthly payments. | | | | Online shopping hit a record of $14.2 billion during Amazon's two-day Prime Day sales event on July 16-17. | | | | How can you protect yourself from the growing number of data breaches? | | | | If your data has been exposed in a breach, your No. 1 goal is to protect yourself from future scams. | | | | More than a year after a boycott drained the sales of what was once the most popular beer, Bud Light tumbled in the rankings again, falling to third. | | | | A survey from Bank of America suggests half of Generation Z adults, ages 18-27, don't pay for their housing and many get financial help from family. | | | | |  | 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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