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Personal Finance

Dear Penny: Do I really have to tip 20% at a buffet?!

To answer this common question, we have to shift the way we understand tipping. The reason we tip is not to offer a thank-you or a reward to service workers for an outstanding or even sufficient job.

THE LATEST
Higher gas and rents keep US inflation elevated

The latest figures on consumer prices threaten to torpedo the prospect of multiple interest rate cuts from the Federal Reserve this year.

Stocks hit record highs after Fed forecasts interest rate cuts

The Nasdaq, S&P 500 and Dow Jones industrial average all rose after the Federal Reserve indicated it expects to issue three interest rate cuts in 2024.

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