Must Read Money Stories For Monday, June 22

by June 22, 2015


Spieth takes the U.S. Open. It’s back-to-back major championships for 21-year-old golfer Jordan Spieth, He took the top spot at the U.S. Open Sunday, after winning the Masters two months ago. You can find coverage of the tournament on the USA Today website. It was a nail-biting victory for Spieth, whose victory came by a single stroke, and another big payout for the 21-year-old. His win earned him $1.8 million, CBS Sports reports. Next up: the British Open in July.

The caddie’s cut. Of course, the guys swinging the clubs make a lot of money, but what about the guys carrying them? Turns out it’s quite a bit as well. Forbes has a list of the top-earning caddies on the PGA Tour last year. On top is Micah Fugitt, who earned close to $1.6 million caddying for Billy Horschel. The majority of that money came from a $1 million check he earned after Horschel was crowned the FedEx champion on the tour. Still, Fugitt’s income pales in comparison to the guys who are playing the game. If he was a golfer on the PGA, he would have ranked 66th on the money list last year.

Taylor gets results. Last week, we told you that Taylor Swift refused to let the new Apple Music streaming service have her hit album 1989, because it would not pay royalties for three months during a free trial period for users. Now, an open letter from Swift to Apple, posted this weekend on her Tumblr, has led to a change  of plans, according to The New York Times. Apple says it will pay royalties to record companies and music publishers during the trial period of the service.

Buy now! Twitter is getting into online commerce, according to The Verge. The online social media site now has product pages where users can make purchases. The pages will also display tweets about products and prices and some may even include buy buttons. Brands and celebrities will also be able to organize what the company calls “Collections,” where they can curate items and promote them to followers.

Future of fashion. Quartz looked at what the future has in store for fashion as U.S. companies look for new sourcing options outside of China. As Chinese production costs slowly start to increase, other countries, like Vietnam and India, could become better options. A number of companies are already using them for basics, like t-shirts and shorts.