ALL THE MONEY NEWS YOU NEED TO KNOW | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
Over the past several decades, the U.S. stock market has yielded average annual returns of around 10%. Those days may be over. |
In recent forecasts, Vanguard projects the stock market will rise by only 3.3% to 5.3% a year over the next decade. Morningstar sees U.S. stocks gaining 5.2% a year. Goldman Sachs forecasts the broad S&P 500 index will gain only 3% a year. |
In case you missed it: U.S. employers added a disappointing 73,000 jobs in July. Even more concerning, job gains for May and June were revised down by a whopping 258,000, portraying a much weaker labor market than believed in late spring and early summer. |
Are you as financially savvy as these kids? |
You might think you know a lot about credit and banking, taxes and insurance. Four teenagers from Scripps Ranch High School probably know more. |
A four-student team from the San Diego school won the 2025 National Personal Finance Challenge, a financial literacy contest that ended in June in Atlanta. |
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Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | Over recent decades, the stock market has seen annual returns around 10%. What if those days are over? | | Employers added just 73,000 jobs in July and totals for May and June were revised down by a whopping 258,000. Here are 4 key takeaways. | | | | You may know a lot about personal finance. Four high school students from San Diego probably know more. | | | | Many Americans continue to rely on long-established ways of buying and selling homes, but many industry observers think it's time for that to change. | | | | Fewer jobs, growing GDP and continued uncertainty about tariffs. Here's how a busy week of economic news might lead to lower interest rates. | | | | Starbucks will be doing away with the pickup-only store model next year, CEO Brian Niccol announced. Here's what that means. | | | | USA TODAY will publish its 3rd annual list of best tax and accounting advisors in February and invites readers to help determine the top firms. | | | | Despite its relatively small unit price of just $3.15 right now, XRP is the third-largest cryptocurrency, with a market cap of $187 billion. | | | | Canadian businesses are feeling the impact of Donald Trump's tariffs on Canadian products. The duties are testing the limits of Canadian cordiality. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | |
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