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. |
Who would be better for the economy − Biden or Trump? |
President Joe Biden and former President Donald Trump have laid out starkly contrasting blueprints for the U.S. economy as they vie for a second term in November, Paul Davidson reports. |
Trump has said he would seek to extend and expand his 2017 tax cuts, severely restrict illegal immigration while deporting millions of foreign-born residents, impose tariffs on all U.S. imports, and roll back much of Biden's campaign to transition the nation to clean energy. |
Biden would extend some of the Trump tax cuts − but not for wealthy individuals and corporations; establish more targeted tariffs on Chinese imports; and toughen immigration constraints, but not nearly as dramatically as Trump. |
Salaries will lag inflation for a while |
If you found it increasingly hard to make ends meet over the past five years, it's probably only going to get worse, Medora Lee reports. |
Over that span, 97% of occupational salaries have failed to keep up with inflation, said personal finance platform Moneywise, which analyzed data from the Bureau of Labor Statistics (BLS), the Federal Housing Agency (FIFA) and Redfin. |
📰 More stories you shouldn't miss 📰 |
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it! |
This story, in truth, is only a couple of days old. But a lot of you read it and, because of the holiday, a lot of you probably missed it. |
Shares of Trump Media & Technology Group, Donald Trump's namesake social media company, tumbled Tuesday as the stock continued a long slide that began with the former president's guilty verdict on all 34 felony counts in his criminal hush money trial, Jessica Guynn reports. |
Trump Media, which trades under the vanity ticker "DJT," has tanked 39% since May 30, when a New York jury found Trump guilty of falsifying business records. |
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. | | | | A look at the economic plans of Trump and Biden. Trump would raise tariffs, restrict immigration and extend tax breaks for companies and the wealthy | | | |  | Americans' salaries aren't likely to catch up to inflation any time soon, research shows. Most workers will see their buying power erode further. | | | | Shares of Trump Media – Trump's namesake social media company – tumbled again Tuesday, continuing its long slide after his hush money guilty verdict. | | | | You borrowed money when you bought your home. Now you're borrowing more money to fix it up. Is that a good idea? | | | | A leading software provider to U.S. car dealerships has shut down most of its systems "out of an abundance of caution" after a cyber attack. | | | | I actually have two favorites -- see which one is likely to become your favorite as well. | | | | The average US home is valued nearly 50% higher than four years ago, according to Realtor.com, but you can still buy under $200,000 in these markets. | | | | There's still a chance to see if you qualify for a cut of a $9.5 million lawsuit settlement paid out to Disney's Dream Key Passholders. | | | | The surge in Nvidia's market value has been driven by demand for its chips. Shares are up more than 170% this year. | | | | Southwest Airlines $53 one-way tickets are only available on select days and routes but include flights to some international destinations. | | | | |  | 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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