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After being part of American currency for over 230 years, the US Treasury has announced the end of the US penny in 2026.. Every penny costs 3.7 cents to produce, and the US Mint incurred a loss of over $85 million in 2024 alone due to the production of 3.
The Federal Reserve on Wednesday delivered its first rate cut since December, a move that will ripple through everything from home loans to credit cards, although not all Americans will notice the change in the same way. The Fed cut reduces its federal ...