U.S. Mint's new rule: Don't melt money
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The U.S. Mint has implemented a law against melting down pennies and nickels which, at current metal prices, could be worth more as metal than as currency.
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In WASHINGTON story headlined, &quot;US consumer spending softened in November,&quot; please read in the fifth graph... meaning that Americans were setting aside 0.3 cent out of each dollar... instead of... setting aside 3 cents out of each dollar.
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Writing a check a day or two before you have enough money to cover it will soon become a riskier money-management strategy, some consumer and banking groups warn.
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Aug. 20 (Bloomberg) -- If you&#39;re a money manager, there&#39;s a lesson to be learned from a scenario unreeled by the US Securities and Exchange Commission last week.
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(New York-AP) Oct. 28, 2004 - Don&#39;t write a check you can&#39;t cover now. A new check processing system went into effect Thursday that speeds the time it takes for a check to clear.
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Don't blow that found money. Some tricks to turning a profit.
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A new law takes effect today that&#39;s sure to have a positive impact on the nation&#39;s payment system. It&#39;s also likely to have an impact on those who pull out a checkbook when it&#39;s time to pay the bills.
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Floating a check became riskier Thursday under a new law that makes it possible for banks to process them in a matter of hours, rather than days.
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Cash is not trash, it's the basis for a successful financial life. Having some money stowed away for a rainy day will keep the tax bill, unexpected illness, or a broken appliance from stealing your peace of mind.
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It looks like the U.S. Mint has struck again &#151; or not struck again, depending on how you look at it. New dollar coins featuring John Adams are missing edge inscriptions including "In God We Trust," according to the Professional Coin Grading Service, a rare coin authentication company based in Newport Beach, Calif.
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A new IRA conversion rule will let you ignore minimum distributions in computing threshold incomes.
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More flexibility in China's yuan currency exchange rate will not restrain the country's economic growth and cause deflation, but instead will help China rebalance its economy towards domestic consumption, a top U.S. Treasury official said.
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A new federal law takes effect Oct. 28, increasing odds that a check will bounce if you pay now, deposit later -- counting on the time that can be taken in processing a check to cover what ends up as a withdrawal from your account.
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SEATTLE - Next time you write a check, be prepared for the money to come out of your account in record time. A new law gives banks access to your money within hours.
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Currency traders have become convinced over the past two weeks that something big is afoot in the global economy. They are not convinced by the sanguine noises coming from the Federal Reserve and think the risks of a "hard landing" in the US economy have risen. But, in a departure from the old wisdom, they do not seem worried about the effects of a US downturn on European economies - rejecting the old adage that "when the US sneezes the rest of the world catches a cold".
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The US Mint plans to reintroduce dollar coins in an attempt to get Americans to give up the dollar bill.
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Learn how to avoid saving a nickel while losing a dollar.