Good morning! It’s Daniel de Visé with your Daily Money.
As shares of Tesla Inc. lose ground, the company’s chairman and presidential adviser Elon Musk is losing big.
Forbes, which maintains a real-time billionaire wealth tracking tool, estimates the 53-year-old was worth $342.4 billion as of the close of business Thursday, down a whopping $121.2 billion from an all-time high of $464 billion, set Dec. 17. Is Musk still the richest person in the world?
Canadians sour on US spirits
Though the tariffs on goods imported to the U.S. from Canada and Mexico have received a temporary reprieve from President Donald Trump, negative consumer sentiment from Canadians about U.S. products has many American companies on edge.
American liquor, wine and spirit brands have been pulled off shelves in many Canadian stores as part of retaliatory measures to Trump’s tariffs, which are temporarily on hold. And the U.S. beer, wine and spirits industries are worried.
Here’s the best age to claim Social Security
A popular pastime among Americans of a certain age is to wage an internal debate about when to claim Social Security: At age 62? Sixty-five? Seventy?
In purely monetary terms, as it turns out, the question has a simple answer, and you can find it right on the Social Security website.
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About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.
