Trump wants to end penny production; will it affect consumers? [FOX Business Network]
Newell Brands Inc. (NWL)
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Source: FOX Business Network
President Donald Trump is seeking to end production of new pennies and recently told Treasury Secretary Scott Bessent to make that happen. Trump revealed late Sunday night he had "instructed my Secretary of the US Treasury to stop producing new pennies," arguing that "for far too long the United States has minted pennies which literally cost us more than 2 cents" and that "this is so wasteful!" The move has raised the question of how American consumers could be affected and, according to one expert, the impact will be negligible. "I don't think it's gonna have any impact on consumers . I think it's just a very sensible thing to do, because nobody uses pennies anymore. Nobody needs pennies," David Bahnsen, founder of the Bahnsen Group, told FOX Business. "Just as a matter of basic practicality and cost benefits, the studies I've seen are that it costs three cents to make a penny, so there's something rather backwards about that math." The cost of making and distributing a penn
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News
- Newell Brands (NASDAQ:NWL) had its "neutral" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
- Newell's Global Cost Cuts And Store Closures Might Change The Case For Investing In NWL [Yahoo! Finance]Yahoo! Finance
- Sharpie maker Newell Brands among recent holiday layoffs [Yahoo! Finance]Yahoo! Finance
- Newell Brands (NWL): Reassessing Valuation After Cost-Cutting Plan and Softer Sales Guidance [Yahoo! Finance]Yahoo! Finance
- Newell Brands to Cut 10% of Employees in Cost-Savings Push [Yahoo! Finance]Yahoo! Finance
NWL
Earnings
- 10/31/25 - Miss
NWL
Sec Filings
- 12/8/25 - Form 4
- 12/1/25 - Form 8-K
- 11/14/25 - Form SCHEDULE
- NWL's page on the SEC website