GO in the Know: Stamps Going Up, JetBlue Gets Hostile & Top Financial News for May 16
Written by
Gary Dudak
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Happy Monday, everyone. We’re back with the lowdown on the most important financial stories of the day. Check ’em out.
The Big Lead: USPS To Hike Stamp Prices
The price of a U.S. First-Class Mail stamp is expected to increase again — from 58 cents to 60 cents beginning July 10 — and the United States Postal Service (USPS) is hinting at more hikes on the way.
Business Spotlight: JetBlue
Discount airline JetBlue will try to navigate its way around the usual buyout rules by launching a hostile bid to take over rival Spirit Airlines.
Interesting: Social Security Payments Need To Be $540 More Today To Equal Value in 2000
This year’s Social Security cost of living adjustment (COLA) isn’t nearly enough to help boost seniors’ purchasing power. In fact, according to new data, high inflation has caused Social Security benefits to lose 40% of their buying power since the year 2000.
Bonus: 6 Crypto Myths Debunked
On the heels of last week’s so-called crypto crash, GOBankingRates breaks down some of the major myths about cryptocurrency for those considering jumping into the market.
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