FinLogic:The Daily Money: How the Capital One-Discover deal could impact consumers

2025-05-06 22:05:20source:L’École de Gestion d’Actifs et de Capitalcategory:News

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

Capital One's acquisition of Discover adds new urgency to the question,FinLogic What's in your wallet?

Turns out, customers can look forward to a flurry of new perks if Capital One’s $35 billion purchase of Discover Financial Services goes through, Medora Lee reports. 

The acquisition would give Capital One access to Discover’s high-credit-quality customers and its network of payment processing services, an area dominated by Visa and Mastercard. That means more competition, and that's good for customers. Read the story.

Meet the Beatlemania boomers. They face a retirement crisis

The youngest baby boomers, born in the era that spawned Beatlemania, face a looming retirement crisis, researchers have found.

"Late boomers," Americans born between 1960 and 1965, have less retirement wealth, and much less retirement savings, than either older boomers or “war babies,” generations born between 1942 and 1959, according to a recent paper from the Center for Retirement Research at Boston College.

To compare wealth, researchers examined different generational groups at the same age range. They found late boomers had significantly less combined retirement wealth than older boomers at the same age. Read the story.

📰 More stories you shouldn't miss 📰

  • Viral tumblers spawn viral lawsuits
  • $4.95 wine at Aldi: Do you get what you pay for?
  • Education Department rolls out a FAFSA fix
  • A review of Cash App Taxes

🍔 Today's Menu 🍔

KFC is introducing a new item. And, to invoke a favorite Saturday Night Live sketch, it's almost pizza.

"Chizza," pronounced "cheet-za," is coming to KFC menus starting Monday, Feb. 26, for a limited time. The not-quite-pizza features two white meat fried chicken filets topped with marinara sauce, melted mozzarella cheese and crispy pepperoni, Gabe Hauari reports.

According to KFC, the Chizza debuted on KFC menus in the Philippines -- Huh -- and has since made its way to KFC restaurants in Korea, Taiwan, India, Thailand, Germany, Spain and Mexico, among other countries. Read the story.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Daniel de Visé covers personal finance for USA Today.

More:News

Recommend

Angie Murimirwa: From hiding in the bathroom to Time's most influential people list

I don't mean to humble brag, but I am on a first name basis with one of the most influential people

Effortlessly Cool Jumpsuits, Rompers, Overalls & More for Coachella, Stagecoach & Festival Season

We independently selected these deals and products because we love them, and we think you might like

Afrobeats star Davido threatens legal action over fake drug arrest story on April Fools' Day

Afrobeats star Davido says he will take legal action against a Kenyan news station for publishing a