Tuesday, October 24, 2023

The Daily Money: A treat from Apple for Halloween

Apple announced a product showcase the night before Halloween. Expected to make an appearance are new Macs. Also, is now the time to buy I bonds?

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Oct 24 2023

 

Trick or treat? If you're a Mac lover, most likely the latter.

Apple on Tuesday announced a product showcase taking place the night before Halloween. The online event taking place Oct. 30 is dubbed "Scary Fast" which could be a reference to the new M3 Mac chip which is supposed to boost the performance of its computers. Also widely expected to make an appearance are new Mac computers.

The presentation is likely to be the last of the year for Apple.

The event is slated to take place on the company's website and on video platforms like YouTube at 5 p.m. PST, an unusual nighttime booking for Apple.

Shocked Tim Cook

Apple CEO Tim Cook was shocked to see an original Macintosh Classic at a store opening as he greeted customers at the opening of the first store in India on April 18.

USA Today

Is it time to buy I Bonds?

Spoiler alert: There's no rush, Susan Tompor reports.

The current rate on an I Bond bought from May through October is 4.3%. That includes a key fixed rate of 0.9% for I Bonds bought through October — and an annualized inflation-adjusted rate of 3.38% that is added on top of the fixed rate.

Based on the latest inflation data announced on Oct. 12, the inflation-linked rate for I Bonds is expected to be 3.94%, according to Ken Tumin, who founded  DepositAccounts in 2009, which is now part of LendingTree. The site tracks and compares bank rates.

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Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Stock market numbers are displayed on a screen at the New York Stock Exchange on August 16, 2023 in New York City.

Rapidly rising yields in the bond market have been pressuring stock prices since the summer, and they seemed set to climb further.

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Drake is celebrating his 37th birthday by giving everyone a Dave's Hot Chicken slider or tender for free, if you visit a Dave's Hot Chicken restaurant location on Tuesday, Oct. 24.
 

You can get Dave's Hot Chicken for free on Drake's birthday

If you visit a participating Dave's Hot Chicken restaurant on Tuesday, Oct. 24 you can leave with a free chicken slider or tender on Drake.

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Does 'wealthy' have a number? 5 answers for what that means in America

Wealth means different things to different Americans. We'll look at five numbers that define wealth in recent surveys and studies.

The booming stock market created a record number of 401(k) millionaires in 2021.
 

How 1 in 4 couples is giving up 'free money' in their 401 (k) plans

One in four married couples leaves valuable retirement funds on the table by failing to claim employer matches in their 401 (k) plans, a study finds.

MIAMI, FL - APRIL 30: In this photo illustration, a McDonald's Big Mac and french fries are seen on a tray on April 30, 2018 in Miami, Florida.
 

Here's how to get free fries at McDonald's every Friday in 2023

You can claim your free fries on Friday through the end of 2023 by making a minimum $1 purchase on the McDonald's app.

GREENBRAE, CA - OCTOBER 30: The Chevron logo is displayed at a Chevron station on October 30, 2015 in Greenbrae, California.
 

Chevron buys Hess Corporation for $53 billion in another oil acquisition

The independent energy company Hess Corporation will be purchased by oil and gas giant Chevron for $53 billion, the companies announced Monday.

An unsold 2023 Model X sports-utility vehicle sits outside a Tesla dealership in June in Littleton, Colo.
 

Tesla and Ford among 120,000 vehicles recalled: Check here

Ford had several recent recalls including Mustang Mach-E, Lightning pickups and Explorers. There was a small recall of 13 2023 Toyota 4Runner SUVs.

TOPSHOT - The new Twitter logo rebranded as X, is pictured in Paris on July 24, 2023, on the account of it's owner Elon Musk, after he changed his profile picture late on July 23, 2023, to the company's new logo, which he described as "minimalist art deco," and updated his Twitter bio to "X.com," which now redirects to twitter.com. Twitter launched its new logo on July 24, 2023, replacing the blue bird with a white X on a black   background as the Elon Musk-owned company moves toward rebranding as X. Founded in 2006, Twitter takes its name from the sound of birds chattering, and it has used avian branding since its early days, when the company bought a stock symbol of a light blue bird for $15, according to the design website Creative Bloq. (Photo by ALAIN JOCARD / AFP) (Photo by ALAIN JOCARD/AFP via Getty Images)
 

Texas says social media censors too much. California claims the opposite.

The dichotomy between blue and red states – in essence California vs. Florida and Texas – has played out in many arenas on many specific issues.

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How these drivers really earn tax breaks

PHEVs are the best emissions-saving technology for many drivers, especially in these early days of the transition to fully electric vehicles.

 

Your smartphone has an expiration date. Here's how to find it.

The average lifespan of smartphones is around 2.5 years. Bigger brands like Apple and Samsung tend to have longer lifespans than smaller companies

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