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. |
The Federal Reserve meets this week for the first time since recent high inflation readings dampened hopes that the central bank will lower interest rates three times this year, Paul Davidson reports. |
The prospect of three rate cuts had juiced the stock market and led analysts to boost their 2024 economic growth forecasts. |
Why don't more people buy annuities? |
Annuities are an essential component of the American retirement system, starting with Social Security. Why, then, do so few Americans understand them? |
Most of us, it seems, are pretty much clueless about annuities. In one recent study, the American College of Financial Services gave older Americans a score of 12% out of a possible 100% for their knowledge, based on their performance on a short quiz. |
Only about 10% of Americans own commercial annuities. It would be great, many retirement scholars say, if a lot more of us bought them. |
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Panera has made its signature bread bowl into a fashion statement. And not a quiet one. |
The bakery company launched a limited-edition "Bread Head" hat on Monday, Anthony Robledo reports. The cap combines a 3D-printed bread bowl replica with vibrant ostrich feathers and a gold spoon. |
As one commenter observed, the hat "kind of looks like a bird tried to make a nest out of stale leftovers." |
The hats, priced at $21 apiece, sold out in a single day. |
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
Daniel de Visé covers personal finance for USA Today. | | | | The Federal Reserve meets for the first time since recent high inflation reports dampened hopes it would cut interest rates three times this year. | | | |  | Annuities are an essential component of the American retirement system. But few of us even understand them, let alone buy them. | | | | Panera launched a limited-edition "Bread Head" hat for $21 that came with a $100 gift card before it sold out on Monday. | | | | The settlement comes after a yearslong legal battle concerning 15 million recalled DreamStation CPAP and other respiration machines. | | | | Ford's BlueCruise hands-free technology is under investigation following fatal crashes, the NHTSA announced. | | | | Williams-Sonoma is facing a costly penalty for falsely claiming that some mattress pads and other products were "Made in the USA," the FTC announced. | | | | Verizon, AT&T, T-Mobile and Sprint have been fined a collective $200 million for sharing customers' location data without their consent. | | | | Over 80,000 pounds of Stockmeyer Prosciutto has been recalled because it was exported from Germany without a proper inspection, according to the USDA. | | | | A Delta Air Lines flight from New York to Los Angeles returns to JFK when the emergency slide "separated" from the aircraft shortly after takeoff. | | | | If you can't afford to buy a home right now, let it go. Renting is more cost-effective now in all 50 of the largest U.S. metro areas, data shows. | | | | |  | 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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