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As pennies vanish from the American landscape, many businesses are clamoring for federal guidance on how to handle cash transactions in a penniless world. Should retailers round up or down? Should ...

Key insight: The Treasury Department has issued guidance on rounding prices to the nearest nickel, which industry groups had said was necessary amid a penny shortage induced by the Trump ...

More fast-food, convenience, and travel stop chains are rounding cash totals to the nearest nickel when pennies aren’t available Big retailers and grocers are doing it too, often rounding in the ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Now that the government has stopped minting pennies, retailers and restaurants that tend to do a lot of cash business want the federal government to come up with a standard for rounding. It’s been a ...

Researchers from MIT, Northeastern University, and Meta recently released a paper suggesting that large language models (LLMs) similar to those that power ChatGPT may sometimes prioritize sentence ...

McDonald’s told CBS News they’ll be taking on a rounding method when it comes to customers paying in cash. Reason being? The U.S. Mint in Philadelphia pressed its last penny on Wednesday, leaving ...

The US is slowly bidding farewell to pennies as one-cent production is being phased out. Fast-food chains are making small changes to customers' final bills in the absence of pennies. Chains like ...