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. |
Every so often, Rachel Barber reports, a new set of economic buzzwords enters — or reenters — the zeitgeist. This spring, terms like the "K-shaped economy" and "stagflation" are having a moment. |
Will a new tax chase away California's billionaires? |
A proposal to tax California's billionaires is testing the limits of America's enthusiasm for making the über-rich pay their share. |
The so-called "billionaire tax" would raise an estimated $100 billion through a one-time, 5% "wealth" tax on roughly 200 California billionaires. The idea is polling well among California voters, but some of the state's most prominent billionaires say they'd rather move than pay it. |
FICO scores are falling. Does that matter? |
The national average FICO score has fallen, Medora Lee reports, meaning that the typical American consumer has slightly worse credit now than a year or two ago. |
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Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news. Subscribe here. | | USA TODAY asked experts which terms are defining the U.S. economy in 2026. From "K-shaped" to "stagflation," here's what they mean for you. | | A proposal to tax California's billionaires is testing the limits of America's enthusiasm for making the über-rich pay their share. | | | | Missed student loan payments and rising mortgage delinquencies are hurting Americans' average FICO scores, but the impact is uneven. | | | | As ICE officers were deployed to airports, some have raised concerns about their qualifications. | | | | United Airlines announced a new "Relax Row" that lets economy passengers stretch out on long-haul flights starting in 2027. | | | | At a time when many automakers are cutting back on electric-car production, the world's largest automaker, Toyota, appears to be going all in. | | | | Identifying lucrative investment opportunities can become easier to start with these filters. | | | | The Environmental Working Group's annual report of fruits and vegetables with the most and least pesticide residues. | | | | Trader Joe's released a large lavender canvas tote bags just in time for spring. | | | | 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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