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. |
Interest rates are expected to drop for the first time in four years this week, Medora Lee reports, but don't expect that to be a life-changing event. |
When the Federal Reserve concludes its policy meeting Wednesday, almost all economists expect the Fed will lower its benchmark, short-term federal funds rate. However, whether the cut will be a quarter- or a half-percentage point (from its 23-year high of 5.25 to 5.50%) is basically a coin toss. |
Either way, consumers shouldn't expect to see much immediate difference, analysts said. |
Who is the wealthiest woman in the world? |
The answer: Walmart heiress Alice Walton, who recently reclaimed her title as the world's richest woman, Anthony Robledo reports. |
The daughter of the late Walmart founder Sam Walton returned to the top of the Forbes "World's Wealthiest Woman" list, posted on Sept. 4, with an estimated $89.1 billion fortune. |
Walton, 74, briefly lost her top spot to Francoise Bettencourt Meyers, 71, the heiress of French cosmetics company L'Oreal, according to Forbes. Bettencourt Meyers, who held the title last year, is now worth an estimated $88.4 billion. |
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Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it! |
Higher pay requires higher commitment, and that includes showing up at the office every day, Medora Lee reports. |
After looking at more than a half-million jobs posted over the past year, the jobs site Ladders found remote and hybrid jobs paying at least $250,000 annually plummeted by 95% and 60%, respectively. |
Return-to-office is a rude awakening for millions of Americans who were forced to go remote or hybrid during the pandemic and discovered the benefits of work-from-home status. Ladders declared in December 2021, "Remote work is here to stay." |
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. | | | | The Federal Reserve's expected to cut rates this week, but will it make a difference to Americans? Here's what you need to know about a Fed rate cut. | | | | Walmart heiress Alice Walton reclaimed her title as the richest woman in the world from L'Oreal heiress Francoise Bettencourt Meyers, Forbes reported. | | | | Not long ago, people said remote and hybrid work were here to stay, New data show it may already be fading, starting from the highest paid jobs. | | | | Quality and affordability don't have to be mutually exclusive. | | | | Escalating email exchanges can create tension and damage working relationships. When emotions are running high, it's essential to step back and pause. | | | | Amazon CEO Andy Jassy announced Monday that all corporate employees will return to the office full-time starting early next year. | | | | Donald Trump and his sons launched World Liberty Financial in a Monday livestream on social media platform X. | | | | The student loan on-ramp ends Sept. 30 and delinquencies will again be sent to credit bureaus. How to avoid a hit to your credit score and finances. | | | | Pay for newly hired workers is dropping after adjusting for inflation. As the Fed weighs rate cuts this week, it's a sign of a weakening job market | | | | 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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