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. |
Easter is two months away, but the egg hunt has already commenced. |
Panicked customers are emptying store shelves, Betty Lin-Fisher reports, just as many did with toilet paper and other staples when they feared shortages during the COVID-19 pandemic. |
A rate hike in California? |
Citing what it calls a potentially "dire situation," State Farm on Monday asked California for permission to hike insurance rates by an average of 22%, Andrea Riquier reports. |
In the wake of the January Los Angeles-area wildfires, the insurer said has already paid out more than $1 billion to customers after receiving more than 8,700 claims. And because insurance premiums have been kept artificially low for many years, it was unable to collect the premium dollars it needed. |
Wage growth slows for low-paid workers |
During the peak of the economic recovery from the COVID-19 pandemic in 2022, wage growth surged for most Americans as employers scrambled to find workers amid lingering health concerns and a burst of consumer spending. |
But pay increases really spiked for low-wage employees, such as those in restaurants, hotels and barber shop, allowing that group to narrow a massive pay gap with higher-income professionals. |
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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. | | | | Are eggs the new toilet paper where consumers are stockpiling due to shortage? | | | | Citing what it calls a potentially "dire situation," State Farm asked California for permission to hike insurance rates by an average of 22%. | | | | US wage growth for lower-paid workers has slowed more than other groups recently. That has partly reversed the strides they made since the pandemic. | | | | Amazon Prime started in 2005 offering fast free delivery on books, DVDs and videos. What does it offer now? | | | | The tariffs Trump proposed would likely hit those who work in the automotive industry or are looking to by a car hardest. | | | | Be careful rushing through your taxes to get your refund faster. A mistake could bring you an audit instead. Here's how to avoid an audit. | | | | GM, Ford and Stellantis stock plunged in initial trading Monday in light of a pending trade war. But Wall Street showed some resiliency later. | | | | Part-time workers who have extra cash to spare will benefit from a new law change that took effect on Jan. 1. | | | | Prices at the mall are about one-fifth higher now than before the pandemic, thanks to cumulative inflation. But there are ways to roll them back. | | | | 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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