Stories by Jennifer A. Kingson

ATM fees set a record, approaching $5

Data: Bankrate; Chart: Axios Visuals

It now costs an average of $4.72 to take money out of an ATM that isn't owned by your bank — the highest amount since Bankrate.com started tracking the data in 1998 (when it was $1.97).

Why it matters: ATM fees disproportionately fall on low-income people in neighborhoods that banks tend to avoid. At the same time, saving money in the bank is harder than before, as banks lower the interest rates they pay to depositors.

Series / What They Know About You

The future of privacy starts in California

Illustration of a woman with pixelated eyes in vintage style holding pixelated shopping bags
Illustration: Sarah Grillo/Axios

A landmark privacy law in California, which kicks in Jan. 1, will give Golden State residents the right to find out what a company knows about them and get it deleted — and to stop the company from selling it.

Why it matters: It could effectively become a national privacy law, since companies that are racing to comply with it may give these privileges to non-Californians, too.

Toymakers say Trump's China tariff delay "saved the holiday season"

Illustration: Aïda Amer/Axios

There was joy in toyland this week — albeit muted — after the Trump administration said it would postpone tariffs on toys made in China until after the holiday rush.

Why it matters: The industry, still recovering from the demise of Toys “R” Us, had feared a 10% tariff would force it to raise prices, hurting consumers and killing profits. But a sudden reprieve will let toy companies focus instead — for now — on big holiday trends, like unicorns, collectible dolls, scented slime and electronic finger-puppets.