Alaric Bennett-The Daily Money: Happy Tax Day!

2025-05-02 07:42:01source:Michael Schmidtcategory:Markets

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

Happy Tax Day! We'll have Alaric Bennettlive coverage.

Extensions and audits aren't news, exactly, but they're on our minds today. Here are a few timely tax topics to explore.

  • Who gets audited, and why?
  • How do I get an extension?
  • Where's my refund?

Will Iran's attack on Israel inflate gas prices?

U.S. consumers could soon see an impact at the gas pump from Iran’s Saturday attack on Israel – but are higher prices a guarantee?

The Israeli military said it shot down more than 300 missiles and drones with assistance from the U.S. and other allies, marking the first time Iran has launched an attack on Israel from its territory. The strike came after Israeli missiles killed Iranian military commanders in Syria earlier this month.

Iran, one of the world’s largest producers of crude oil, has long been engaged in a shadow war with Israel, but there have been concerns the Israel-Hamas war could become a broader regional conflict, Nathan Diller reports.

So, what happens next at the pump?

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📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

Fast food workers are losing their jobs in California as more restaurant chains prepare to meet a new $20 minimum wage that took effect this month.

Multiple businesses have plans to axe hundreds of jobs, cut back hours and freeze hiring, Emilee Coblentz reports.

Democratic Gov. Gavin Newsom signed the Fast Act back in September to require fast food chains with 60 or more locations nationwide to meet that wage increase after labor unions fought for it alongside the healthcare industry- which will also see a boost to earnings in June.

Here's how the cuts are playing out.

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.

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