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Wednesday, February 21, 2024

What the big bank merger means for customers

Also: Meet the Beatlemania boomers ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed Feb 21 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

Capital One's acquisition of Discover adds new urgency to the question, What's in your wallet?

Turns out, customers can look forward to a flurry of new perks if Capital One's $35 billion purchase of Discover Financial Services goes through, Medora Lee reports. 

The acquisition would give Capital One access to Discover's high-credit-quality customers and its network of payment processing services, an area dominated by Visa and Mastercard. That means more competition, and that's good for customers. Read the story.

Meet the Beatlemania boomers. They face a retirement crisis

The youngest baby boomers, born in the era that spawned Beatlemania, face a looming retirement crisis, researchers have found.

"Late boomers," Americans born between 1960 and 1965, have less retirement wealth, and much less retirement savings, than either older boomers or "war babies," generations born between 1942 and 1959, according to a recent paper from the Center for Retirement Research at Boston College.

To compare wealth, researchers examined different generational groups at the same age range. They found late boomers had significantly less combined retirement wealth than older boomers at the same age. Read the story.

📰 More stories you shouldn't miss 📰

Viral tumblers spawn viral lawsuits
$4.95 wine at Aldi: Do you get what you pay for?
Education Department rolls out a FAFSA fix
A review of Cash App Taxes

🍔 Today's Menu 🍔

KFC is introducing a new item. And, to invoke a favorite Saturday Night Live sketch, it's almost pizza.

"Chizza," pronounced "cheet-za," is coming to KFC menus starting Monday, Feb. 26, for a limited time. The not-quite-pizza features two white meat fried chicken filets topped with marinara sauce, melted mozzarella cheese and crispy pepperoni, Gabe Hauari reports.

According to KFC, the Chizza debuted on KFC menus in the Philippines -- Huh -- and has since made its way to KFC restaurants in Korea, Taiwan, India, Thailand, Germany, Spain and Mexico, among other countries. Read the story.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Daniel de Visé covers personal finance for USA Today.

Capital One Walmart Rewards

Capital One's acquisition of Discover could mean fancy airport lounges, better service and perks for consumers but little actual cash savings.

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FILE -The Beatles, foreground from left, Paul McCartney, George Harrison, John Lennon and Ringo Starr on drums perform on the CBS "Ed Sullivan Show" in New York on Feb. 9, 1964. Sixty years after the onset of Beatlemania and with two of the quartet now dead, artificial intelligence has enabled the release of a
 

These boomers lag in 401(k), IRA retirement wealth. What happened?

The youngest baby boomers, born in the era that spawned Beatlemania, have less retirement wealth than older generations.

Stanley tumblers displayed on a shelf at a Dick's Sporting Goods store on Feb. 2, 2024 in Daly City, California. The wildly popular Stanley mugs are going viral again, this time many of the users are claiming that the products contain lead.
 

Stanley faces lawsuits over lead in tumblers

The parent company behind the viral Stanley tumblers has been sued for allegedly failing to disclose the presence of lead in the cups sooner.

Aldi announces its new wine brand, California Heritage Collection, that will sell its products for under $5.
 

Aldi debuts wine priced at $4.95 per bottle: See full lineup of options

Starting Feb. 16, Aldi is offering its new California Heritage Collection, a lineup of wines priced under $5.

KFC announced Wednesday it is introducing the Chizza to menus in the United States starting Monday, Feb. 26, for a limited time.
 

Behold, the Chizza: Pizza-inspired fried chicken is coming to KFC

KFC announced Wednesday it is introducing a fried chicken-pizza hybrid, the Chizza. It hits menus nationwide starting Feb. 26.

Tax Day falls on April 15 this year.
 

When is tax season over? 2024 deadlines and how to request an extension

Tax Day, or the deadline to file taxes is April 15 this year, although you can request an extension.

Vizio televisions are displayed at a store.
 

Walmart acquires Vizio in $2 billion merger, retailer says

Walmart announced today that it bought the TV manufacturer Vizio in a deal worth billions, but Vizio still has 45 days to back out of the merger.

Wrecker     The vehicle that cleans up after a wreck or takes your car away if it's parked improperly -- a tow truck.    ALSO READ: The Most Commonly Spoken Foreign Language in Each State
 

Car insurance rates surge. See how much people in each state pay.

Vehicle insurance prices continue to soar despite overall easing inflation trends. See which states have the highest rates and where yours ranks.

24. Medical technologies technicians     • Unemployment rate:  1.6%     • Avg. salary:  $54,038     • Undergrad degree holders with a master's or professional degree or higher:  21.8%     • Undergrad degree holders in labor force:  193,273 Those who study to become a medical technologies technician are among the least likely to be unemployed upon entering the labor force. Jobs in the field typically entail   interacting with patients, collecting specific bodily fluids for analysis and testing, inputting findings data, and notifying medical staff when immediate treatment is necessary.  Unemployment among those who majored in the field as undergraduates is just 1.6% -- and may fall even lower as demand for medical technologies technicians is projected to increase at double the rate for all occupations in the United States over the next decade.     ALSO READ: The Best Online Colleges
 

No raise? How to ask your boss for a cost-of-living adjustment

If your company is undergoing financial difficulties, cutbacks, or layoffs, it may not be the ideal time to request a raise.

Woman receiving consultation in a clinic while a doctor holds a pair of silicon breast implants.
 

Breast implants, jets and pools: These tax breaks might surprise you.

Taxpayers often push the limits to save on their taxes. Here are some unusual deductions the IRS has allowed taxpayers to take. Do any pertain to you?

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