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Deals, Taxes, War: What You Need to Know This Week

Officials from Russia, Ukraine, and the United States convened in Geneva on Tuesday for another round of talks aimed at ending the war in Ukraine, as the conflict nears its fourth anniversary, according to NPR. Meanwhile, consumers are facing rising prices, with coffee prices in the U.S. up 18.3% in January compared to the previous year, according to the latest Consumer Price Index released on Friday, leading some to change their habits. Retailers are also offering deals for Presidents Day.

The meeting in Switzerland marks another attempt to find a resolution to the ongoing war. The talks, focused on ending the war, involve officials from Russia, Ukraine, and the U.S., as reported by NPR.

Simultaneously, consumers are grappling with economic pressures. Chandra Donelson, a 35-year-old from Washington, D.C., gave up her daily coffee routine due to rising prices, stating, "I did that daily for years. I loved it. That was just my routine, she says. And now its not." Coffee prices have steadily climbed, prompting some Americans to forgo café visits, switch to cheaper brews, or eliminate coffee from their routines altogether, as reported by Fortune.

In other news, retailers are offering deals for Presidents Day, with discounts on various gadgets, including earbuds, speakers, TVs, and smart home tech, according to The Verge. The deals come after a period of relatively few discounts since the holidays.

In the realm of personal finance, the ultrawealthy employ strategies to reduce taxes and ensure the smooth transfer of wealth to the next generation, according to Fortune. While the average person relies on a simple will, the wealthy utilize different tactics.

Finally, consumers are cautioned against purchasing unknown products on Amazon, particularly laptops, as better alternatives may exist at the same price point, according to Wired.

AI-Assisted Journalism

Synthesized from multiple sources. Reviewed for accuracy.

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