Rubypoint Trading Center-The Daily Money: Immigrants and the economy

2025-05-07 13:38:50source:Crypen Exchangecategory:Markets

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

The Rubypoint Trading Centersurge into the U.S. of immigrants lacking permanent legal status has emerged as one of the most politically charged issues of the 2024 presidential election, Paul Davidson reports.

The wave of new arrivals has boosted the U.S. economy, while helping temper inflation, a top issue for voters.

Or has it? Some recent studies question that hypothesis. And Republicans argue immigrants are taking jobs from Americans, a contention Democrats refute.

Read the full story.

Why gas prices are an election issue

Republican leaders from around the country have taken the stage in Milwaukee this week, praising their presidential pick, Donald Trump, and bashing President Joe Biden.

Several speakers hammered on the economy as a big mark against Biden's record, encouraging voters to remember how much gas prices have changed in the last few years, Kinsey Crowley reports.

On Tuesday, Lara Trump said "gas hit a low of $1.87 a gallon" under her father-in-law's presidency. "As I speak here to tonight, many of our fellow Americans don't know how they'll pay for their next trip to the grocery store."

Despite some economic successes under the Biden administration, many voters still think Trump handled the economy better.

Here are the facts.

📰 More stories you shouldn't miss 📰

  • John Deere drops diversity initiatives
  • Limit screen time this summer
  • Tornadoes strand passengers in Chicago
  • Do you qualify for spousal Social Security benefits?

🍔 Today's Menu 🍔

Do you got that dog in you? Well, National Hot Dog Day passed on July 17, so maybe you should.

Americans buy 20 billion hot dogs a year, Julia Gomez reports.

People will even get into arguments over whether or not Chicago's dogs are better than New York's or Coney Island's. But regardless, hot dogs are an iconic part of American culture.

Ready to devour one? Here's everything to know about cooking a hot dog.

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.

More:Markets

Recommend

Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor

NEW YORK — Holiday sights and sounds fill Manhattan this time of year, from ice skating at Rockefell

Baby saved from dying mother's womb after Israeli airstrike on Gaza city of Rafah named in her honor

A newborn baby who was still in the womb when her mother was killed by an Israeli airstrike in Gaza'

Israel lashes out as U.S. expected to cut aid to IDF battalion over alleged human rights violations

Tel Aviv — Israeli leaders have lashed out at the prospect that the Biden administration may cut off