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. |
As a trading concern, Donald Trump's social media company has become a way for investors to bet on the former president's odds of retaking the White House. |
Since going public in March, shares of Trump Media & Technology Group have fluctuated wildly alongside its namesake's political fortunes, Jessica Guynn reports. |
Following Vice President Kamala Harris' ascension to the top of the Democratic ticket, Trump has slipped in the polls and so, too, have shares of Trump Media. |
Did former Peloton CEO lose his money? |
Peloton co-founder John Foley has revealed that he nearly lost all his money after leaving the exercise equipment company in 2022. |
In an interview with the New York Post, the former CEO opened up about how his stint as a billionaire was short-lived, as his wealth was mainly tied to the company, Anthony Robledo reports. |
"You know, at one point I had a lot of money on paper. Not actually [in the bank], unfortunately. I've lost all my money. I've had to sell almost everything in my life," the 52-year-old told the outlet. |
📰 More stories you shouldn't miss 📰 |
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it! |
If you want to retire in comfort, investment firms and news headlines tell us, you may need $1 million in the bank. |
Or maybe not. One prominent economist says you can retire for a lot less. |
"You Don't Need to Be a Millionaire to Retire," says the headline of a column by Andrew Biggs, a senior fellow at the American Enterprise Institute think tank, that was published in April in The Wall Street Journal. |
Most Americans retire with nowhere near $1 million in savings. The notion that we need that much money to fund a secure retirement arises from opinion polls, personal finance columns and two or three rules of thumb that suffuse the financial planning business. |
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. | | | | Shares of Truth Social owner Trump Media are tumbling as Kamala Harris gains ground on Donald Trump. Here's why. | | | | Former Peloton CEO John Foley revealed that he nearly lost all his money after leaving the exercise equipment company in 2022. | | | | A prominent economist argues that you can retire on savings much less than $1 million. | | | | The contract for DirecTV to carry ESPN, Disney Channel and other Disney-owned channels is up on Sept. 1. The two companies are in talks now. | | | | Walmart CEO Douglas McMillon says he hopes to see brands try to boost sales by slightly decreasing prices and investing in the price of their products. | | | | Convenience store chain Circle K is cutting the price on gas in some states on Thursday ahead of Labor Day weekend. Here's what to do to get the deal. | | | | In a stunning letter to the House Judiciary Committee, Meta CEO Mark Zuckerberg tells all about senior officials from the Biden administration. | | | | Transportation Secretary Pete Buttigieg said the key to accessibility is accountability when transport providers don't do the right thing. | | | | Home improvement retail chain Lowe's is retreating from some DEI commitments after being targeted by conservative activist Robby Starbuck. | | | | 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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