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. |
A new court filing in a high-profile lawsuit shows how much of a leg up the children of donors may have in the college admissions process, Zachary Schermele reports. |
Emails and internal records from some of the nation's most selective universities portray a system fraught with inequities and looser standards for applicants with rich parents. The evidence submitted Monday marks a new phase in a legal battle over allegations that, for years, 17 of the country's top schools violated antitrust laws by conspiring to reduce financial aid for less affluent students. |
Fed cuts interest rates again |
The Federal Reserve lowered its key interest rate by another quarter point Wednesday, Paul Davidson reports, but forecast a significantly slower pace of rate cuts next year. |
Wednesday's move marked the Fed's third consecutive rate cut and brought its benchmark short-term rate to a range of 4.25% to 4.5%. |
📰 More stories you shouldn't miss 📰 |
We're featuring favorite 2024 stories from our colleagues. Here's one from Felecia Wellington Radel. |
Once you notice it, you'll see that it's happening all around us almost everywhere we go. |
There's the woman on FaceTime at the next table in the restaurant, the man scrolling Instagram Reels during the elementary school band concert, the employee in a virtual meeting at the pool sitting next to someone reading, the fellow commuters or travelers enjoying some tunes – all on speakerphone. |
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 new filing in a high-profile price-fixing lawsuit offers evidence about how wealthy donors may have advantages in admissions at some universities. | | | | The Fed trimmed a key interest rate by a quarter percentage point, its third straight rate cut. But it forecast fewer 2025 cuts amid inflation uptick. | | | | More people in public places are foregoing headphones and loudly sharing their lives with everyone. But why? | | | | AI voice cloning will take scams to a new level next year and afterwards, according to cyber security experts. | | | | Other indexes tanked, as well. | | | | You bought enough holiday gifts to fill the Superdome. Now, it's time to atone. | | | | There's some consensus among housing market experts for mortgage rates, prices, and sales volumes for 2025. | | | | If you've got Social Security on your mind, you need to know your "full retirement age" as your age in relation to that affects your benefit level. | | | | Honda and Nissan are reportedly in talks to merge to better compete with other automakers such as Tesla and Toyota in electronic vehicle development. | | | | 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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