Investments and Business

After more than two centuries, the American penny will be retired, closing a 238-year chapter in the nation’s monetary history. The final coin is set to be minted today at the US Mint in Philadelphia, marking the end of an era.The last minting and the rationale behind its discontinuationThe final penny will be manufactured under the guidance of Treasury Secretary Scott Bessent and Treasurer Brandon Beach, in accordance with President Donald Trump's earlier directive this year to cease its creation. This choice is driven by the escalating production cost of the coin—approaching four cents per unit—rendering its creation more costly…

President Donald Trump is reportedly contemplating the distribution of $2,000 tariff refund checks to American citizens as a strategy to mitigate escalating expenses, a proposal that has garnered considerable interest and examination.The idea of sending $2,000 rebate checks comes amid ongoing inflationary pressures that continue to strain household budgets across the United States. Trump’s administration has framed the measure as a response to higher prices for everyday goods, which have been partly attributed to tariffs on imported items. The checks would aim to provide immediate financial relief, helping families cover the increased cost of groceries, electronics, and other consumer products.White…

Persistent inflation is putting a strain on American families, leading some to explore innovative methods for cost management—however, a significant number of these approaches exacerbate long-term financial obligations.The 50-year mortgage proposalThe Trump administration's recent suggestion of a 50-year mortgage has rekindled discussions about extended borrowing periods. Bill Pulte, the head of the Federal Housing Finance Agency, described it as "a complete game changer" on social media. Although the concept might initially appear appealing due to reduced monthly installments, the financial ramifications over such an extended duration are considerably more intricate.A home loan spanning fifty years could almost double the cumulative…

After more than two centuries, the American penny will be retired, closing a 238-year chapter in the nation’s monetary history. The final coin is set to be minted today at the US Mint in Philadelphia, marking the end of an era.The last minting and the rationale behind its discontinuationThe final penny will be manufactured under the guidance of Treasury Secretary Scott Bessent and Treasurer Brandon Beach, in accordance with President Donald Trump's earlier directive this year to cease its creation. This choice is driven by the escalating production cost of the coin—approaching four cents per unit—rendering its creation more costly…

President Donald Trump is reportedly contemplating the distribution of $2,000 tariff refund checks to American citizens as a strategy to mitigate escalating expenses, a proposal that has garnered considerable interest and examination.The proposal to issue $2,000 stimulus payments emerges as persistent inflationary forces continue to burden household finances throughout the United States. The Trump administration has characterized this initiative as a direct response to the escalating costs of essential commodities, a situation partially linked to duties imposed on imported goods. These payments are intended to offer prompt financial assistance, enabling families to manage the rising expenses associated with food, electronics,…