After more than 200 years, the U.S. bids adieu to the penny, citing high production costs and shifting economic practices.

Welcome to 5 Things PM! In a sharp escalation of its battle with Harvard University, the Trump administration revoked the Ivy ...

President Donald Trump ordered U.S. Treasury Secretary Scott Bennett in February to stop the production of 1-cent coins after Elon Musk's Department of Government Efficiency pointed out the cost of ...

In a cost-cutting move, the U.S. Treasury will stop minting new pennies. Originally introduced in 1793, the one-cent coins ...

There is currently no official plan to recall pennies, and financial institutions are expected to continue accepting them. While pennies will remain legal tender, they will gradually disappear from ...

This difference amounts to nearly 1,000 fewer hours per year. Sponsor Message Josh Penny, Director of Social Impact at Hinge, the dating app, is among the people who took notice of that data.

The penny has been around for almost as long as ... which literally cost us more than 2 cents,” Trump posted on Truth Social, midgame. “This is so wasteful! I have instructed my Secretary ...

As part of the Trump administration’s efficiency plan, the penny may cease being produced ... “There will be essentially no impact at all,” says Mark Schweitzer, associate professor of ...

Here, experts weigh in. The Impact Removing the Penny Can Have On the Economy If the 1-cent coin is no longer used as legal tender, prices will likely adjust to accommodate the nearest 5-cent ...