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Thursday 19 September 2024

The Fed drives home its half-point

06:26

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Also: What do remote workers do all day? ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Sep 19 2024

 

Daniel de Visé Personal Finance Reporter

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

In the end, the Fed decided to go big.

The Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving ahead with its first rate cut in four years and cheering markets that expected an emphatic move amid a softening job market.

The secret lives of remote workers

What do remote and hybrid workers do all day?

They often brag about how productive they are, with no gossipy colleagues to distract them or time wasted on long commutes, Jessica Guynn reports.

But a new survey is offering fresh insights into how remote workers really spend their time. Spoiler alert: It's not all white papers and PowerPoint presentations.

📰 More stories you shouldn't miss 📰

Sam's Club workers get raises
Tupperware files for bankruptcy
Viral Trader Joe's totes are back
Here are the best airports
Talking to kids about money

📰 A great read 📰

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

In his latest match, Hulk Hogan is taking on the beer industry.

Terry Bollea, better known as professional wrestling star Hulk Hogan, has launched a new premium brand, "Real American Beer."

The Hall of Fame wrestler announced he would distribute his easy-drinking light lager across 17 states this summer with several retail partners to bring Americans together, one beer at a time.

About The Daily Money

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.

Flags fly over the Federal Reserve Headquarters on a windy day in Washington, U.S., May 26, 2017.

The Fed reduced its key interest rate by a relatively large 50 bps. Wall Street rallies on news.

An employee works from home at their remote work setup.
 

Do remote workers really work all day? No. Here's what else they do.

Remote workers often brag about how productive they are at home, but a new survey sheds light on what they're really doing all day.

Hulk Hogan has co-founded premium beer brand "Real American Beer," set to distribute in locations across 17 states this summer.
 

Hulk Hogan launches 'Real American Beer' premium lager brand

Terry Bollea, better known as WWE star Hulk Hogan, has launched "Real American Beer," which will distribute across 17 states this summer.

Tupperware products are offered for sale at a retail store on April 10, 2023 in Chicago, Illinois. Tupperware stock closed down nearly 50 percent today after the company warned that it may go out of business.
 

Tupperware, company known for plastic containers, files for bankruptcy

Tupperware is best known for its once-iconic, colorful food storage containers. Here's what we know so far after the company filed for bankruptcy.

Trader Joe's Canvas Mini Tote Bags
 

Viral $2.99 Trader Joe's mini tote bags are back

The mini tote bags, that were a massive hit among Trader Joe's shoppers earlier this year, are available in blue, green, yellow and red.

19. Minneapolis St. Paul International Airport (MSP)  Average wait time:  X  Worst times to arrive:  X  Worst maximum wait time:  X
 

Minneapolis, Orange County airports score top marks in JD Power survey

Minneapolis was the top-ranking large airport in North America, and travelers were largely satisfied by their ground experience overall this year.

Women are outnumbered 5 to 1 in senior leadership, according to a USA TODAY analysis of named executive officers at the nation's 100 top publicly traded companies.
 

Women are losing ground amid DEI attacks, LeanIn says

"For the first time in 10 years, we are seeing a drop in companies' commitment to both gender and racial diversity," LeanIn CEO told USA TODAY.

Chase Bank celebrated the grand opening of a branch in California.
 

Physical bank branches are on the road to extinction by 2041: Report

Physical bank branches have been closing down at a rate of 1,646 branches on average per year since 2018. A new report suggests they could go extinct.

A trader works, as a screen broadcasts a news conference by Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, March 20, 2024.
 

How the Fed rate cut may (or may not) alter your family's finances

The Federal Reserve went big with a 50 basis point cut, but will it make a difference to Americans? Here's what you need to know about a Fed rate cut.

USA TODAY
 

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