🏜️ The Daily Money: $400B utopian desert city

In today's Daily Money newsletter, we have insights on Marc Lore's desert city, the Ford Mustang, Bitcoin and purple McDonald's character Grimace. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Wednesday, September 8 Good Wednesday to you, Daily Money subscribers, it's Nathan here once again! How would you like to live in a $400 billion city built from scratch in the desert? I'm not talking about Tattoine here. It's what billionaire and former Walmart president Marc Lore is apparently envisioning. He unveiled a proposal for a 150,000-acre city with "eco-friendly architecture, sustainable energy production, and a drought-resistant water system," Scott Gleeson reports.  I'm all for thinking big. But I'm also for thinking realistically. For example, I'd like to know more about this "drought-resistant water system" that somehow works in ... you know ... the desert. 💰 The Daily Money is USA TODAY's Monday-through-Friday-morning roundup of all things personal finance, business and tech. If this email was forwarded to you or if you found it online, you can subscribe for free here! On to our ...  💡 INSIGHT OF THE DAY: Bitcoin holds a lot of promise, but it also holds substantial risk. El Salvador is experiencing that firsthand. After making Bitcoin one of its official currencies – along with the U.S. dollar – on Tuesday, the cryptocurrency's value briefly dropped from more than $52,000 per coin to $42,000 . It later recovered about half of that loss. But just imagine your bank account dropping by about 19% in a single day just due to currency swings. Gulp. ⌚ WHAT TO WATCH FOR: Apple announced an event to unveil new hardware on Sept. 14. It's widely expected to reveal the iPhone 13 at the event. We'll have detailed coverage at USATODAY.com/tech. 📰 And here are more stories you won't want to miss: 1. We make kids learn a lot in school: Shouldn't money management be part of their education? 2. Ford Mustang production grinds to a halt: A Ford plant in Michigan spilled 1,400 gallons of gas into city sewers, forcing evacuations. 3. Visiting Maui this fall? Forget about indoor dining at restaurants and bars unless you're vaccinated. 4. Grimace is a what? A McDonald's manager's interview left the internet even more confused about the purple creature. I'll tell you what he is as soon as I go dig up one of those classic Grimace Happy Meal toys. --@NathanBomey  Billionaire reveals plans for 'Telosa,' a $400 billion desert city The mission statement for Telosa is to "create a more equitable and sustainable future" that can "become a blueprint of future generations." What two millennials think about investing Grimace is a what? McDonald's manager interview goes viral 3 ways to make the most of working after retirement Ford stops production at Mich. plant after 1,400-gallon gas leak The microchip shortage is not going away soon, and it's affecting way... In landmark first, Bitcoin becomes El Salvador's national currency Private-label mortgages: What are they and who are they meant for? Can telecommuting hurt your career growth? When will the worker shortages end?   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2021 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102