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Penny Pinched: US To Stop Producing One-Cent Coin, Reports Say Penny Pinched: US To Stop Producing One-Cent Coin, Reports Say
Penny Pinched: US To Stop Producing One-Cent Coin, Reports Say The federal government is pulling the penny from circulation, ending a historic run for the coin dating back to the country's early days, according to reports. The US Treasury made its final order of penny blanks and will stop distributing the one-cent coins by early 2026, the Wall Street Journal reported on Thursday, May 22. A Treasury spokesperson confirmed the end of the penny to the Associated Press. The move is expected to save $56 million a year in materials, according to a Treasury official who spoke anonymously to preview the decision. Once existing penny supplies run out, busi…

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by Chris Spiker
Business
Widespread Bank Of America Outages Being Reported Widespread Bank Of America Outages Being Reported
Widespread Bank Of America Outages Being Reported Many Bank of America customers are reporting issues accessing their accounts. First reports of the problems began just before 1 pm. on Wednesday, Oct. 2, with about 20,000 customers sharing outages on the website Downdetector.com. Some said they were stunned to see zero balances on their accounts. Others said they could not see their account balances. Issues with online and mobile systems, and ATM services are being reported. As of 3:45 p.m. Wednesday, Bank of America had not commented on the outages. This is a developing story. Check back to Daily Voice for updates.

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by Joe Lombardi
Business
Online Bank Of America Outage Affects Thousands Online Bank Of America Outage Affects Thousands
Online Bank Of America Outage Affects Thousands Thousands of customers were locked out of their accounts when Bank of America’s online banking system temporarily went down. Early on Friday, Oct. 1, the company’s system experienced the issues, according to Bank of America, leading to more than 12,000 customers making complaints to Down Detector, which found that they were unable to access balances or transfer money as many were looking to pay rent on the first of the month. BOA posted a notice on their website that they were looking into the problem, but assured customers that accounts were secure. “We're aware some clients are experienc…

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by Zak Failla
Business
Bank Branches Are Pulling Out Of Stop & Shop Bank Branches Are Pulling Out Of Stop & Shop
Bank Branches Are Pulling Out Of Stop & Shop Citizens Bank is pulling out of dozens of Stop & Shops beginning in January. Among the branches being closed are 26 in Massachusetts and 14 in Rhode Island. The decision to close the branches was made due to people’s habits changing toward more online banking and the economic effects of the COVID-19 pandemic, according to the Boston Business Journal. Even though many branches inside Stop & Shop’s will close, there will still be 90 in-store branches available. There are 416 Stop & Shops in *New England, and New York. Citizens Bank has more than 1,200 locations. The St…

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by Kristin Palpini