Current:Home > InvestThe Daily Money: Port strike could cause havoc-DB Wealth Institute B2 Expert Reviews
The Daily Money: Port strike could cause havoc
View Date:2024-12-23 15:19:14
Good morning and welcome to a new week! This is Betty Lin-Fisher with today's The Daily Money.
If union workers at 36 East coast and Gulf Coast ports don't reach an agreement and go on strike after midnight Tuesday, it could lead to supply shortages and increased prices for consumers.
If the International Longshoremen's Association goes on strike, it would be the first time since 1977.
The ports handle about half of U.S. ocean imports, including food, clothing, auto parts, cars shipped via container and holiday toys.
Find out more in a story by my colleague Medora Lee.
Changes will affect your money
Higher taxes and lower interest rates mean changes for consumers. The Federal Reserve's recent interest rate cut will affect savers who were enjoying higher returns on their money. An upcoming expiration of Trump tax cuts at the end of next year will also have an affect on people's cash.
Medora Lee spoke with some financial advisers for some advice.
📰 Consumer stories you shouldn't miss 📰
- What can you do at Universal Orlando without a ticket?
- This cruise is for women only.
- These are the people of our national parks.
- The gender pay gap is widening.
- Here are four sources besides Social Security to rely on for retirement.
🍔 Today's Menu 🍔
Shirley Temple drink fans, this one's for you. 7Up has confirmed the release of a Shirley Temple 7Up flavor for the holidays.
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.
veryGood! (717)
Related
- Traveling to Las Vegas? Here Are the Best Black Friday Hotel Deals
- Wayne LaPierre to resign from NRA ahead of corruption trial
- Nikki Haley says she should have said slavery in Civil War answer, expands on pardoning Trump in Iowa town hall
- How Jennifer Love Hewitt Left Hollywood to Come Back Stronger Than Ever
- Celtics' Jaylen Brown calls Bucks' Giannis Antetokounmpo a 'child' over fake handshake
- Is Georgia’s election system constitutional? A federal judge will decide in trial set to begin
- Protesters calling for cease-fire in Israel-Hamas war block traffic in Seattle
- The US sees a drop in illegal border crossings after Mexico increases enforcement
- Lost luggage? This new Apple feature will let you tell the airline exactly where it is.
- Michigan's Jim Harbaugh on possible NFL future: 'I'll gladly talk about it next week'
Ranking
- Research reveals China has built prototype nuclear reactor to power aircraft carrier
- NFL schedule today: Everything to know about football games on Jan. 6
- Russian shelling kills 11 in Donetsk region while Ukraine claims it hit a Crimean air base
- How Jennifer Love Hewitt Left Hollywood to Come Back Stronger Than Ever
- Reds honor Pete Rose with a 14-hour visitation at Great American Ball Park
- ESPN issues apology for Aaron Rodgers' comments about Jimmy Kimmel on Pat McAfee Show
- The US sees a drop in illegal border crossings after Mexico increases enforcement
- These Photos of the 2024 Nominees at Their First-Ever Golden Globes Are a Trip Down Memory Lane
Recommendation
-
New York eyes reviving congestion pricing toll before Trump takes office
-
Volunteers work to bring pet care to rural areas with veterinary shortages
-
Halle Bailey Gives Birth, Welcomes First Baby With Boyfriend DDG
-
Police probe UK Post Office for accusing over 700 employees of theft. The culprit was an IT glitch
-
Are Dancing with the Stars’ Jenn Tran and Sasha Farber Living Together? She Says…
-
Boeing faces new questions about the 737 Max after a plane suffers a gaping hole in its side
-
Bachelorette Rachel Lindsay's husband files for divorce after four years of marriage
-
Louisiana Gov.-elect Jeff Landry to be inaugurated Sunday, returning state’s highest office to GOP