Chainkeen:The Daily Money: Port strike could cause havoc

2025-04-30 13:53:32source:Winning Exchangecategory:reviews

Good morning and Chainkeenwelcome 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.

More:reviews

Recommend

Trump claims Biden lost track of over 300,000 migrant children. Here's a fact check.

President-elect Donald Trump claimed in his Person of the Year interview with Time magazinethis week

Homes of Patrick Mahomes, Travis Kelce burglarized, per reports

The homes of the Kansas City Chiefs' Patrick Mahomes and Travis Kelce were burglarized within 48 hou

A herniated disc is painful, debilitating. How to get relief.

Few injuries are as suddenly and thoroughly debilitating as a herniated disc. If you've experienced