As part of his plan to cut alleged federal government waste, President Donald Trump has ordered the end of the penny.

BBC Radio 4 presenters joked ‘dollar today on Solana’ was a dig from Elon Musk after Robinson ‘had a bit of a go at him’ ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

Talk to end the penny’s production has been bandied about for decades among government officials and economists.

President Donald Trump says he has ordered the US Mint to stop making pennies, which he correctly says cost more than one cent to produce.

Does it cost more to produce a penny than it's worth? Yes, it costs more than one cent to produce a penny. According to the Federal Reserve, there are 114 billion pennies in circulation, making up ...

Per the latest U.S. Mint report, it costs less than six cents to make a dime ($0.0576). To make a quarter, it cost about 15 cents ($0.1468), and nearly 34 cents for a half-dollar ($0.3397).

The move by Trump is the latest in what has been a rapid-fire effort by his new administration to enact sweeping change.

Th Bank of England (BOE ) cut rates last week 25 Basis Points (1/4%) to 4.50%... The BOE thinks that they have defeated ...

US President Donald Trump has ordered a halt to the minting of pennies, the coins denoting a cent of the dollar, over high ...

President Trump isn't the first politician to call for the end of the penny — but getting rid of it may not be easy. The ...