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Thursday 2 May 2024

A month in a self-driving Tesla

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'Back-seat driver,' redefined ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu May 2 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

My colleague, Jim Sergent, woke up on April 1 and noticed an email from Tesla on his phone: What? Free self-driving mode on his Model Y for the entire month?

As it was April Fool's Day, Jim guessed Elon Musk was playing a joke on Tesla drivers. He'd hop in the car, fire up the feature and trigger a video on the center screen of Musk wagging his finger and laughing.

But no, Musk was good to his word.

Fed passes on interest-rate cuts, again

The Federal Reserve held its key interest rate steady again Wednesday and gave no signal that it plans to lower it anytime soon, following a resurgence of inflation early this year. 

In a statement after a two-day meeting, the Fed pointedly said: "In recent months, there has been a lack of further progress toward the (Fed's) 2 percent inflation objective."

Concerns about persistent inflation suggest the Fed likely won't be prepared to cut rates for at least a few months, if not longer.

How will this affect the stock market? Mortgage rates? The economy?

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📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

Spring cleaning can mean tidying up your wallet or pocketbook, as well as your closet.

In the spirit of renewal, here are 12 financial moves you should make this spring, which is already halfway over. Some are annual rituals, or should be. Others are tasks we tend to put off, but shouldn't.

About The Daily Money

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.

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After four years driving my Model Y with basic autopilot, Tesla turned on full self-driving mode for a month. Here's what I experienced.

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Federal Reserve Chair Jerome Powell prepares to testify to the Senate Banking Committee on the second of two days of semi-annual testimony to Congress in Washington.
 

Did the Fed provide any clues about rate cuts today? What to know.

The FOMC said that 'in recent months, there has been a lack of further progress' on lowering inflation to the Fed's 2% goal.

Finding space and fun for a multigenerational family vacation is possible
 

Time is precious. Americans put a monetary value on it in a new survey

Americans value their time. See how much they think an hour of their time is worth and what they're willing to spend to gain more hours.

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DEI destroyer? Trump vows to crush 'anti-white' racism

"I think there is a definite anti-white feeling in this country and that can't be allowed," former president Donald Trump said in an interview.

Image source Cava.
 

Forget Starbucks: Buy this unstoppable growth stock instead

This up-and-coming fast-casual chain has a promising future.

Japan Airlines Flight 941, arriving from Narita, Japan, prepares to land at the A.B. Won Pat International Airport in Tamuning on Thursday. March 19, 2020. The airline on April 23, 2024 grounded a flight because it reported a pilot drank too much before a morning flight.
 

Dallas to Tokyo flight grounded after pilot drank too much: Reports

A Japan Airlines flight from Dallas to Tokyo was reportedly grounded after the pilot drank too much before the plane was scheduled to take off.

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Americans over 50 are worried about affording retirement: Survey

One of the survey's biggest findings is that 61% of those 50 and up are worried they won't have enough money for retirement.

U.S. Attorney Philip R. Sellinger, District of New Jersey, announces the arrest of 40 individuals from five different criminal organizations at a press conference in Newark, N.J. on Wednesday Oct. 26, 2022. Members of the FBI, ATF, DEA, Passaic and Essex County Prosecutors and NJ State Police were in attendance.
 

Feds: 'Grandparent scam' defrauded older Americans out of millions

Prosecutors say the criminal group scammed hundreds of older residents across the Northeastern U.S. by impersonating loved ones.

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Can't decide what to watch next? Netflix says it can help.

Can't decide what to watch next? Netflix says its entertaining categories can help you find the right TV shows and movies for you.

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