Kelly Tyko

Coral Springs

Senior News Reporter at Axios

Senior news reporter @Axios. Formerly @USATODAY business reporter. Email me at [email protected]

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Articles

Memorial Day 2025: What stores and restaurants are open on federal holiday Monday

1 week ago | axios.com | Kelly Tyko

Illustration: AÃ¯da Amer/AxiosThe unofficial start to summer has arrived, and it's marked with patriotic parades, cookouts, record travel and sales. The big picture: 50% of consumers plan to celebrate the Memorial Day holiday weekend, according to a Numerator survey of 5,900 adults. Many Americans have Monday off as 95% of U.S. businesses observe the federal holiday, according to OnTheClock, an employee time tracking company.
What killing penny coins means for you and how it will change shopping

1 week ago | axios.com | Kelly Tyko

Illustration: Sarah Grillo/AxiosThe penny coin is getting phased out, a cost-cutting move that could ripple through consumer behavior, retailers' pricing strategies and cash transactions. Why it matters: It'll be harder to make sense out of cents and get exact change after the one-cent coin's upcoming demise. The penny's removal may impact how prices are rounded, potentially affecting both businesses and consumers — especially those who rely on cash.
What killing the penny means for you

1 week ago | flipboard.com | Kelly Tyko

7 hours agoWATCH: GOP senators rail against staggering $4.7 trillion in untraceable Treasury paymentsEarlier this year, Elon Musk's Department of Government Efficiency (DOGE) uncovered $4.7 trillion in untraceable Treasury Department payments.
Uber launches "price lock" feature in Nashville

2 weeks ago | axios.com | Kelly Tyko

Illustration: Sarah Grillo/AxiosUber unveiled new features this month focused on affordability, including ride passes that will help users lock in lower fares on familiar routes. Why it matters: Consumers are feeling deeply pessimistic about the economy, according to the Conference Board's most recent consumer confidence survey. "There's a lot of concern about things just being expensive," Sachin Kansal, Uber chief product officer, told Axios.
When is the federal holiday, what is the meaning of day

2 weeks ago | axios.com | Kelly Tyko

Illustration: Lindsey Bailey/AxiosMemorial Day is about more than cookouts, travel, sales, and the unofficial kickoff to summer. Why it matters: The federal holiday honors military personnel who lost their lives defending the country. Despite the holiday's intent, Memorial Day weekend travel is projected to beat a 20-year-old record, AAA data shows. When is Memorial Day 2025? Memorial Day is observed each year on the last Monday of May, which is May 26 this year.
U.S. Treasury Department to end production of pennies by early 2026

2 weeks ago | axios.com | Kelly Tyko |Nathan Bomey

The penny will no longer be produced. Photo Illustration: Tim Boyle/Getty ImagesThe Trump administration plans to end production of the penny after the cost of making it ballooned and it became increasingly useless as currency. Why it matters: The U.S. Mint reported losing $85.3 million on the nearly 3.2 billion pennies it produced in the 2024 fiscal year that ended in September.
Treasury Department to discontinue penny production

2 weeks ago | flipboard.com | Kelly Tyko |Nathan Bomey

NowCNN — The decidedly unsexy bond market is usually pretty quiet. But when they want to, bond investors can send a loud, clear message to Washington. They did just that Wednesday and Thursday. The 20-year bond auction conducted by the US Treasury on Wednesday afternoon was unusually weak: Demand for …
Retail heavyweights torn over how to handle tariff pain

2 weeks ago | axios.com | Ben Berkowitz |Kelly Tyko

Illustration: Lindsey Bailey/AxiosPrices are going up, that's clear now — but the nation's biggest retailers are taking very different approaches to what they say on the impact of tariffs publicly. Why it matters: President Trump's trade war is stirring echoes of the inflation that took hold of the economy just three years ago. Unlike the COVID era, the increase in prices was entirely foreseeable this time. The big picture: Over the last week, the warning lights have started to flash.
House considers No Tax on Tips Act after Senate passes Trump campaign promise

2 weeks ago | axios.com | Kelly Tyko

Illustration: Sarah Grillo/AxiosThe no-tax-on-tips provision is getting closer to becoming a reality for the nation's tipped workers. Why it matters: The Senate passed the bill to eliminate federal income tax on tips Tuesday — a campaign promise by President Trump. A version of No Tax on Tips is included in Trump's "Big, Beautiful Bill" that's making its way through the House. The massive bill proposes extending Trump's 2017 tax cuts and cuts to social safety programs.
Target sales down, but raising prices "last resort" to mitigate tariffs

2 weeks ago | axios.com | Kelly Tyko

Target CEO Brian Cornell said "price is the last resort" for mitigating tariff impacts. Photo: Kevin Carter/Getty ImagesTarget officials said Wednesday they plan to "offset the vast majority" of tariff impacts to consumers and remain "price competitive."Why it matters: The Minneapolis-based retailer saw sales decline more than expected in the first quarter of the year, and warned of a "high degree of uncertainty" between tariffs and consumer confidence.