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The Money Section | Can AI help you manage your money?

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Wed, Jul 31, 2024 11:03 PM

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Also, investors are looking for clues about a September rate cut. ͏ ‌    ͏

Also, investors are looking for clues about a September rate cut. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     [Fort Worth Star-Telegram](~/AAQRxQA~/RgRojUetP0QeaHR0cHM6Ly93d3cuc3Rhci10ZWxlZ3JhbS5jb20vVwNzcGNCCmaprcKqZkwyXxFSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) ͏ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ July 31, 2024 • Issue #96 [The Money Section] This week, we’re looking at the top ways Americans are using AI to help manage their finances, investors trying to figure out when the next interest rate cut will come, Tinder cutting jobs as subscriber rates plummet, and everything you need to know about student loan interest rates before the Fall semester. 5 ways Americans are using AI to manage their money ~/AAQRxQA~/RgRojUetP0SMaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS91c2luZy1haS10by1tYW5hZ2UtbW9uZXktc3VydmV5Lz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlOTZXA3NwY0IKZqmtwqpmTDJfEVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO Money; Getty Images More Americans are using AI to manage their finances, especially Gen Z. People are employing AI for tasks like budgeting, saving, and investment advice. While AI shows promise in financial predictions, it lacks an understanding of personal financial nuances, and experts advise caution. [Read more.](~/AAQRxQA~/RgRojUetP0SMaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS91c2luZy1haS10by1tYW5hZ2UtbW9uZXktc3VydmV5Lz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlOTZXA3NwY0IKZqmtwqpmTDJfEVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) 📉 [Investors look to the Fed for clues about a September rate cut.](~/AAQRxQA~/RgRojUetP0RsaHR0cHM6Ly9maW5hbmNlLnlhaG9vLmNvbS9uZXdzL2ludmVzdG9ycy1sb29rLXRvLXRoZS1mZWQtZm9yLWNsdWVzLWFib3V0LWEtc2VwdGVtYmVyLXJhdGUtY3V0LTExMDcxNDc1MC5odG1sVwNzcGNCCmaprcKqZkwyXxFSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) The Federal Reserve is expected to hold interest rates steady at its Wednesday meeting, but may signal a potential rate cut in September. While inflation has cooled, job market strength remains a concern. 💾 [Microsoft’s earnings disappoint on key AI metrics.](~/AAQRxQA~/RgRojUetP0RIaHR0cHM6Ly93d3cuYXhpb3MuY29tLzIwMjQvMDcvMzAvbWljcm9zb2Z0LXN0b2NrLWVhcm5pbmdzLWFpLWF6dXJlLWNsb3VkVwNzcGNCCmaprcKqZkwyXxFSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) Microsoft’s Azure cloud business experienced slower-than-expected growth, disappointing investors and contributing to a broader tech sell-off. The company’s increased spending on AI initiatives, mirroring other tech giants, raises concerns about profitability. 3 ways to invest in sports, from Nike to Manchester United ~/AAQRxQA~/RgRojUetP0SKaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L3dheXMtdG8taW52ZXN0LWluLXNwb3J0cy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTk2VwNzcGNCCmaprcKqZkwyXxFSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~ Money; Getty Images The unprecedented visibility of sports this summer presents a lucrative investment opportunity. Investors can capitalize on this trend through various avenues, including investing in publicly traded sports franchises, sports apparel companies, or directly in the athletes themselves. [Read more.](~/AAQRxQA~/RgRojUetP0SKaHR0cHM6Ly93d3cubWlhbWloZXJhbGQuY29tL21vbmV5L3dheXMtdG8taW52ZXN0LWluLXNwb3J0cy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTk2VwNzcGNCCmaprcKqZkwyXxFSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) 💋 [Tinder parent company cuts jobs as subscriber numbers slump.](~/AAQRxQA~/RgRojUetP0QuaHR0cHM6Ly93d3cuYmJjLmNvbS9uZXdzL2FydGljbGVzL2MweGowOGw5MDU1b1cDc3BjQgpmqa3CqmZMMl8RUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) Tinder’s parent company, Match Group, is cutting 6% of its workforce and shutting down live-streaming features amid declining subscribers. While overall revenue surpassed expectations, the company faces intense competition from rivals like Bumble. 🛻 [Ford reveals 2025 Maverick pickup with new technologies.](~/AAQRxQA~/RgRojUetP0RWaHR0cHM6Ly93d3cuY25iYy5jb20vMjAyNC8wNy8zMS8yMDI1LWZvcmQtbWF2ZXJpY2stcGlja3VwLW5ldy10ZWNoLWh5YnJpZC1vcHRpb25zLmh0bWxXA3NwY0IKZqmtwqpmTDJfEVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) Ford has unveiled an updated Maverick pickup truck with enhanced features like a larger touchscreen, hybrid options, and advanced connectivity. The model has been a surprise success for Ford since its launch, attracting new customers and boosting sales. Everything you need to know about student loan interest rates [Student loan interest rates](~/AAQRxQA~/RgRojUetP0R9aHR0cHM6Ly9tb25leS5jb20vc3R1ZGVudC1sb2FuLWludGVyZXN0LXJhdGVzLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlOTZXA3NwY0IKZqmtwqpmTDJfEVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) Money; Getty Images Student loan interest can significantly inflate your loan balance. While federal loans have fixed rates, interest starts accruing immediately on unsubsidized loans and gets capitalized during grace periods. Remember to shop around and compare options before choosing a lender. [Read more.](~/AAQRxQA~/RgRojUetP0R9aHR0cHM6Ly9tb25leS5jb20vc3R1ZGVudC1sb2FuLWludGVyZXN0LXJhdGVzLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlOTZXA3NwY0IKZqmtwqpmTDJfEVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) 🐷 [Boar’s Head recalls 7 million pounds of deli meat.](~/AAQRxQA~/RgRojUetP0R4aHR0cHM6Ly93d3cuZm94YnVzaW5lc3MuY29tL2xpZmVzdHlsZS9ib2Fycy1oZWFkLXJlY2FsbHMtNy1taWxsaW9uLXBvdW5kcy1kZWxpLW1lYXQtYWZ0ZXItYmVpbmctbGlua2VkLWxpc3RlcmlhLW91dGJyZWFrVwNzcGNCCmaprcKqZkwyXxFSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) Boar’s Head has expanded its deli meat recall to nearly 7 million pounds of products due to potential Listeria contamination. The recall includes various products supplied between May and July and sold nationwide. ☠️ [Amazon responsible for hazardous 3rd-party products and recall.](~/AAQRxQA~/RgRojUetP0RwaHR0cHM6Ly93d3cuZm94YnVzaW5lc3MuY29tL21hcmtldHMvYW1hem9uLXJlc3BvbnNpYmxlLWhhemFyZG91cy10aGlyZC1wYXJ0eS1wcm9kdWN0cy1yZWNhbGwtZmVkZXJhbC1hZ2VuY3ktc2F5c1cDc3BjQgpmqa3CqmZMMl8RUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) The U.S. Consumer Product Safety Commission ruled that Amazon is responsible for recalling 400,000 hazardous third-party products sold on its platform, including faulty safety detectors and children’s sleepwear. Amazon, classified as the distributor, must now notify customers and offer refunds or replacements. Smart Money Move Is now the right time to invest in gold? [Hearing] [Smart Saving Options](~/AAQRxQA~/RgRojUetP0R3aHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL3ByL2xhYjAyMmRmZTNmNT94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlOTZXA3NwY0IKZqmtwqpmTDJfEVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO)Gold can be a solid bet in uncertain times. It has long been a safe haven for investors due to its stability. Unlike stocks, gold’s value tends to hold steady, even during market downturns. Additionally, gold serves as a hedge against inflation, protecting your wealth from the decreasing purchasing power of cash. Not to worry if you are new, some of our partners provide educational materials for gold-investing beginners! [Check out our list of top-rated Gold IRA providers.](~/AAQRxQA~/RgRojUetP0R3aHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL3ByL2xhYjAyMmRmZTNmNT94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlOTZXA3NwY0IKZqmtwqpmTDJfEVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) ADVERTISEMENT Stories we’re reading this week - [Japan Raises Interest Rates for Second Time Since 2007](~/AAQRxQA~/RgRojUetP0RMaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wNy8zMS9idXNpbmVzcy9iYW5rLW9mLWphcGFuLWludGVyZXN0LXJhdGUuaHRtbFcDc3BjQgpmqa3CqmZMMl8RUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) - [Millions of College Students Eligible for Food Stamps Are Not Getting Help](~/AAQRxQA~/RgRojUetP0SLaHR0cHM6Ly9tb25leS5jb20vY29sbGVnZS1zdHVkZW50cy1mb29kLWluc2VjdXJpdHktc25hcC1nYW8vP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU5NlcDc3BjQgpmqa3CqmZMMl8RUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) - [Audi launches new A6 and S6 E-tron Sportback EVs](~/AAQRxQA~/RgRojUetP0RcaHR0cHM6Ly93d3cudGhldmVyZ2UuY29tLzIwMjQvNy8zMS8yNDIxMDI0My9hdWRpLWxhdW5jaGVzLW5ldy1hNi1hbmQtczYtZS10cm9uLXNwb3J0YmFjay1ldnNXA3NwY0IKZqmtwqpmTDJfEVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) - [Property Taxes Too High? 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