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0 0.00875273522975937 0.00875273522975937 0.00583515681983954 0.0182348650619985 0.0320933625091174 0.0437636761487965 0.0459518599562364
Stock impact report

Getting rid of the penny introduces a new problem: nickels [CNN]

Newell Brands Inc. (NWL) 
Last newell brands inc. earnings: 5/1 07:30 am Check Earnings Report
Company Research Source: CNN
New York CNN — “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” he said in a post on his Truth Social platform. “Let's rip the waste out of our great nations budget, even if it's a penny at a time.” Trump actually undersold the cost argument — pennies cost more than 3 cents to produce. But there's a problem with his plan: Phasing out the penny could result in needing to make more nickels, and the US Treasury Department loses far more money on every nickel than it does on every penny. “Without the penny, the volume of nickels in circulation would have to rise to fill the gap in small-value transactions. Far from saving money, eliminating the penny shifts and amplifies the financial burden,” said American for Common Cents, a pro-penny group funded primarily by Artazn, the company that has the contract to provide the blanks used to make pennies. According to the latest annual report from the US Mint, each Show less Read more
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