Latest news with #DailyMoney
USA Today
4 days ago
- Business
- USA Today
US stock futures mixed as investors digest more earnings reports
U.S. stock futures are mixed as investors digest more earnings reports. Strong earnings and continued spending from Alphabet boosted the broad S&P 500 and tech-laden Nasdaq to fresh record highs, and investors are looking for more to keep the rally going. Slightly more than 20% of S&P 500 companies have reported earnings," said Thomas Shipp, Head of Equity Research for LPL Financial. "So far, it appears that results are good enough. The rate of results outpacing earnings expectations is near 90%, with average upside surprises around the historical average of approximately 7% on earnings per share, while about 2% upside on sales is coming in ahead of historical averages of roughly 1.2%." However, investors also are scrutinizing guidance. So far, Shipp said companies seem to be managing tariffs well, feel Trump's mega tax bill will help companes and companies are still planning to spend on artficial intelligence. At 6:20 a.m. ET, futures linked to the blue chip Dow rose 0.09%, while S&P 500 futures added 0.07% and Nasdaq futures fell-0.02%. Corporate news Cryptocurrency Trump's Working Group on Digital Assets has finished its 180-day study and will release it publicly on July 30, said Bo Hines, executive director of president's Council of Advisers on Digital Assets of the White House, in a social media post. Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
USA Today
18-07-2025
- Business
- USA Today
US stock futures higher after earnings reports
U.S. stock futures are higher after more earnings reports after the regular session close and ahead of consumer sentiment data. Netflix and Interactive Brokers were among the companies that reported better-than-expected results. Meanwhile, the University of Michigan's preliminary reading for July consumer sentiment report is expected to rise to 61.8 from the prior reading of 60.7, according to economists polled by Dow Jones. At 6:10 a.m. ET, futures tied to the blue-chip Dow rose 0.14%, while broad S&P 500 futures added 0.13% and tech-heavy Nasdaq futures rose 0.12%. All major stock indexes are looking to end the week higher. So far, all three indexes are up for the week, with the Nasdaq as the top performer. The Nasdaq and S&P 500 reached fresh record highs this week. Corporate news Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@ and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
USA Today
17-07-2025
- Business
- USA Today
The Daily Money: A fight over Hawaiian ancestral lands
Good morning! It's Daniel de Visé with your Daily Money. Sara Kehaulani Goo's family has owned land in Hana, Maui, for nearly 200 years. It was a gift from a Hawaiian king in 1848, but several years ago, they almost lost it all. In 2019, while working as a journalist in Washington, D.C., Goo received an email from her father saying the property taxes on the 10 undeveloped acres had skyrocketed over 566%, from $300 to $2,000 in a year. So began a four-year-long journey for her family to fight for their ancestral lands. Private equity is coming to your 401(k) In the past, the private equity world has been largely populated by ultra-rich investors, endowments and pension funds. That may be about to change. Retirement savers with 401(k) accounts are gaining access to the private investment market, which mostly pivots on privately held companies, rather than public ones. And the Trump Administration is expected to sign an executive order in coming days that would call for federal guidance on adding private investments to 401(k) plans. Here's a rundown of what it means, and what retirement savers should do. 📰 More stories you shouldn't miss 📰 🍔 Today's Menu 🍔 This could be good news for fans of Mexican Coke: President Donald Trump announced Wednesday that Coca-Cola has agreed to use real cane sugar for its sodas sold in the U.S. "I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so," Trump wrote on Truth Social. He added, "This will be a very good move by them — You'll see. It's just better! When can cola fans expect the change? About The Daily Money 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.
USA Today
16-07-2025
- Business
- USA Today
Medical debt returns to credit reports
Good morning! It's Daniel de Visé with your Daily Money. Consumers were dealt a blow when a federal judge in Texas tossed out a Biden-era rule that would have banned the inclusion of medical debt on credit reports. In a move that arguably eliminates a vital consumer protection, U.S. District Judge Sean Jordan on July 11 granted a request from President Donald Trump's administration and industry groups to vacate the medical debt rule. Here's what it means for consumers. No more pizza at the office? If your company provides free office snacks or meals, that perk could be at risk due to President Trump's new tax law. A tax deduction offered to employers for takeout meals and company-provided cafeteria meals will expire at the end of this year, thanks to a provision in the so-called "Big Beautiful Bill", which became law earlier in July. Does that mean no more pizza on long work nights? 📰 More stories you shouldn't miss 📰 🍔 Today's Menu 🍔 An April Fool's joke made by a fast-food fan account wound up in a White House Press release on Monday. In a since-modified statement, the Trump administration touted recent changes made by major food and beverage companies in response to the administration's "Make America Healthy Again" initiative. Among the announcements: a bullet point claiming that California-based fast food chain In-N-Out "transitioned to 100% beef tallow." Alas, it was all a joke. About The Daily Money 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.
USA Today
14-07-2025
- Business
- USA Today
The Daily Money: Big changes ahead for your finances
Good morning! It's Daniel de Visé with your Daily Money. The so-called 'One Big Beautiful Bill,' which is now law, is nearly 900 pages, chock full of provisions that could boost the finances of everyday Americans. But who has time to read it all? Here are some of the bill's tax and spending highlights, and when they start and finish, if they do. Child care credits are coming Sarah Foster, 35, quit her job in the summer of 2024 after the stress of parenting and working full-time led to anxiety, depression, vascular disease and chronic pain. She said she was constantly cobbling together child-care plans. Foster's husband is a physician, and she describes her family as middle- to upper-class. Still, she worried about their ability to cover child care for her two kids without dual incomes. Several changes in the new tax-and-spending law target parents such as Foster. They include the biggest increases to child-care tax programs in a generation. NYC mayor candidate: Let's tax the rich In her unsuccessful 2024 presidential campaign, Democratic candidate Kamala Harris pledged to preserve most of Donald Trump's 2017 tax cuts, with at least one notable exception: She would have raised taxes on the wealthiest Americans. Now, the Democratic nominee for mayor of New York is floating a similar proposal. Among other plans, Zohran Mamdani wants to raise income taxes on the wealthiest New Yorkers by 2%. Taxing the rich to raise revenue has worked before. Would it work now? 📰 More stories you shouldn't miss 📰 About The Daily Money 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.
