The Daily Money: A fight over Hawaiian ancestral lands
Good morning! It’s Daniel de Visé with your Daily Money.
Sara Kehaulani Goo's family has owned land in Hana, Maui, for nearly 200 years. It was a gift from a Hawaiian king in 1848, but several years ago, they almost lost it all.
In 2019, while working as a journalist in Washington, D.C., Goo received an email from her father saying the property taxes on the 10 undeveloped acres had skyrocketed over 566%, from $300 to $2,000 in a year.
So began a four-year-long journey for her family to fight for their ancestral lands.
Private equity is coming to your 401(k)
In the past, the private equity world has been largely populated by ultra-rich investors, endowments and pension funds. That may be about to change.
Retirement savers with 401(k) accounts are gaining access to the private investment market, which mostly pivots on privately held companies, rather than public ones. And the Trump Administration is expected to sign an executive order in coming days that would call for federal guidance on adding private investments to 401(k) plans.
Here's a rundown of what it means, and what retirement savers should do.
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This could be good news for fans of Mexican Coke: President Donald Trump announced Wednesday that Coca-Cola has agreed to use real cane sugar for its sodas sold in the U.S.
"I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so," Trump wrote on Truth Social. He added, "This will be a very good move by them — You’ll see. It’s just better!
When can cola fans expect the change?
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from Paste BN, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.