Why Trump is going after the penny

Why Trump’s latest steel and aluminum tariffs may not mean much for consumers

Americans may wonder if the tariffs will mean price increases for their canned beverages and metal appliances. Here’s what we know.

MarketWatch - 33m

Why Arab states may not go along with Trump's Gaza plans

President Trump insisted on his plans to take Gaza during his White House meeting with Jordan's King Abdullah II. Mr. Trump is proposing displacing Palestinians to nearby Jordan and Egypt. CBS ...

CBS News - 1h

Trump says Treasury Secretary Bessent is going to Ukraine as U.S. has 'little to show' for aid sent

Trump's post on Truth Social suggested the two leaders could discuss pathways to ending the conflict.

CNBC - 2h

Why Small Businesses May Absorb the Costs of Ending the Penny More Than Others

How would businesses be affected by Trump’s order to stop making cents?

Inc. - 2h

Trump's order to discontinue the penny doesn't add up: Expert

As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.

ABC News - 4h

Why is Trump using tariffs and when will they take effect?

Tariffs are a central part of Trump's political vision, but economists warn they could put prices up.

BBC News - 8h

Trump threatens 'all hell is going to break out' if Hamas delays hostage releases

The Israel-Hamas ceasefire was at risk Tuesday after President Trump warned “all hell is going to break out” if Hamas does not release “all” remaining hostages.

NBC News - 9h

Why Trump and Google Are Paying Employees to Quit—and What It Means for Your Business

The tens of thousands of workers who’ve left their jobs under government pressure or because of large corporate layoffs represent a wealth of expertise that can benefit your company.

Inc. - 10h

Why Trump’s Tariffs on China Might Not Be the Solution

President Trump is tough on China when it comes to trade. He especially points to one number to say we’re being ripped off: our trade deficit. Ana Swanson, who covers trade and international ...

The New York Times - 1d

Why Trump’s aluminum tariffs won’t ‘radically change’ Coke’s packaging plans

Coca-Cola stock surges after a big revenue beat, and as aluminum tariffs aren’t seen as a having a major impact on packaging costs.

MarketWatch - 4h

Trump counts pennies while Social Security and Medicare burn

Trump’s latest idea may be popular, but won’t get us far.

MarketWatch - 5h

Pressley on Trump promise to lower costs: ‘How’s that going?’

Rep. Ayanna Pressley (D-Mass.) slammed President Trump over his promise to lower everyday costs for Americans, asking “How’s that going?” “Donald Trump ran on a promise to bring down costs for ...

The Hill - 7h

Trump warns Hamas that "all hell is going to break out" if hostages aren't released Saturday

President Trump on Monday set a deadline for Hamas to release all the remaining hostages in Gaza and warned there could be consequences if they don't. CBS News correspondent Natalie Brand has more.

CBS News - 8h

Why is Trump imposing tariffs and which countries will be hit hardest? - in charts

These graphics explain how the US trade deficit has changed, why Trump may be targeting certain countries with tariffs – and what the impact could be. The US president, Donald Trump, has put global ...

The Guardian - 14h

How useful is the penny?

President Trump announced Sunday that he ordered the U.S. Mint to stop printing the U.S. penny, saying it "literally cost us more than two cents." Trump's action is the latest move in a ...

CBS News - 19h

Trump directs Treasury to stop minting new pennies, citing cost

The U.S. Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies it produced.

CBS News - 19h

What is a sovereign wealth fund and why does Trump want one for the U.S.?

Tucked into the stack of the more than 50 executive orders President Trump has signed since taking office is the plan to create a new sovereign wealth fund. But what exactly will it do and where ...

CBS News - 20h

Making sense of the penny debate as Trump calls for halt in production

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. NBC News’ Brian Cheung explores the spirited ...

NBC News - 22h

With Switch 2 Coming, Nintendo Explains Why It Must Go Beyond Traditional Games

2025 is shaping up to be a big year for Nintendo, as the Mario company is launching a highly anticipated new system, the Switch 2 . But the company isn't going to rely only on traditional hardware ...

GameSpot - 23h

Colorado's Polis backs Trump's halt on penny production: 'Great move'

Colorado Gov. Jared Polis (D) on Monday backed President Trump’s direction to halt penny production, calling it a “great move.” On Sunday, Trump announced that he had requested that the Treasury ...

The Hill - 1d

How far is Trump willing to go on Gaza plans?

President Trump is insisting on his Gaza plans and comparing them to a real estate development for the future. CBS News senior White House correspondent Weijia Jiang reports.

CBS News - 1d

Trump takes aim at 'wasteful' government spending by ordering end to penny production

The president said in a Truth Social post that stopping the mint from coining new pennies is another way to reduce 'wasteful' government spending.

CNBC - 1d

Why Trump is reportedly ‘angry’ deportation numbers are not higher

President Donald Trump is reportedly angry that the number of people deported from the U.S. within the first weeks of his term is not higher, according to three sources familiar with the ...

NBC News - 1d

Trump Orders Treasury to Halt Minting New Pennies to Cut Waste

Can he do that? It’s not clear. But President Trump is right when he says that pennies “literally cost us more than 2 cents.”

The New York Times - 1d

Trump to set tariffs on aluminum and steel; orders end of of pennies

President Donald Trump announces that “any steel coming into the United States is going to have a 25% tariff” as the fate of the penny hangs in the balance after he instructs the Treasury to stop ...

NBC News - 1d

Vance Challenges Courts’ Power, and Trump Targets the Penny

Plus, why golden retrievers keep losing.

The New York Times - 1d

No more minting 'wasteful' pennies, Trump tells Treasury

The US President cites rising costs as the reason for discontinuing production of the one cent coin

BBC News - 1d

Trump says he has directed U.S. Treasury to stop minting new pennies, citing rising cost

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.

NBC News - 1d

Why ditching the penny may not cost Americans much

Rounding prices to the nearest nickel would not have “any significant inflationary consequences,” a 2023 study found.

MarketWatch - 1d

Trump directs Treasury to stop making pennies

President Trump on Sunday announced that he asked the Treasury Department to stop producing pennies, calling the one cent coin wasteful. He said in a Truth Social post that he told Treasury ...

The Hill - 1d

Live updates: Trump leaves Super Bowl, directs Treasury to stop making pennies

President Trump picked the Kansas City Chiefs to win the Super Bowl on Sunday in an interview with Fox News’s Bret Baier that aired just before kickoff. “I guess, you have to say that when a ...

The Hill - 1d

UFC 312: Du Plessis retains middleweight title after going the distance with Strickland

Brett Okamoto, Andreas Hale and Jeff Wagenheim break down all the action of UFC 312 in Sydney.

ESPN - 2d

This week, Trump shut down USAID. Here’s why China is cheering.

The U.S. decision to shut down USAID has been widely criticized as a strategic victory for China, allowing it to expand its economic and political dominance unchecked.

The Hill - 3d

Why is Trump punishing South Africa and who are the Afrikaners he wants to give refugee status to?

U.S. President Donald Trump has followed through on his promise to punish South Africa by signing an executive order stopping all aid and assistance to the country over what he called a human ...

ABC News - 3d

Why the Odds of an Asteroid Striking Earth in 2032 Keep Going Up (and Down)

NASA and European scientists explain how they calculate the probability of the space rock 2024 YR4 impacting our planet, and why it’s not yet time to worry.

The New York Times - 3d