Some stores are rounding transactions to the nearest nickel and encouraging customers to pay with plastic, citing the Treasury Department’s decision to phase out the penny.
Category: Currency
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Big Investors Await Windfall From Trump’s Argentina Bailout
The United States finalized a $20 billion lifeline for Argentina that will benefit Treasury Secretary Scott Bessent’s allies.
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Treasury Defends Minting a $1 Trump Coin Despite 1866 Law
The Treasury Department said that a 2020 collectible coinage law allows a living person to appear on U.S. currency.
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Gold Price Nears $4,000 an Ounce, a Sign of Turmoil and Unease
Approaching the milestone for the first time, the precious metal is on course for its best year since the 1970s, highlighting unease among investors.
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Treasury Plans to Mint $1 Commemorative Trump Coin
The coin, bearing President Trump’s face, would honor the 250th birthday of the United States.
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Argentina’s President Vowed to Fix Its Economy. Then Came a Crisis.
President Javier Milei slashed inflation and spending, but it wasn’t enough to stave off an economic crisis. President Trump has offered him a lifeline.
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Trump Wades Into Bailout Politics in Offering a Lifeline to Argentina
A $20 billion loan to support Argentina’s president, Javier Milei, could come with economic and political risks.
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U.S. Pledges Support for Argentina’s Economy and Javier Milei
Treasury Secretary Scott Bessent said “all options” are under consideration to help President Javier Milei.
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In Hong Kong, Eric Trump Lauds Growing Influence of Crypto
The president’s son, who helps run the Trump family’s business interests in digital currency, predicted that Bitcoin will someday exceed $1 million.
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As the Dollar Slides, the Euro Is Picking Up Speed
The euro has been gaining steam as investors seek new havens during geopolitical turmoil.
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Is the U.S. Riskier Than Emerging Markets?
While the U.S. stock market has rebounded, the combination of the Trump tariffs, a volatile dollar and an erratic bond market has begun to shake global investment thinking.