The Daily Money: Jerome Powell gets to stay at the Fed; how to handle rising grocery prices

Welcome to Thanksgiving week! Let's jump right into it.

🧅 Prepping your holiday meals? Watch out for recalled onions.

💰 The Daily Money is Paste BN's Monday-through-Friday-morning roundup of all things personal finance, business and tech. If this email was forwarded to you or if you found it online, you can subscribe for free here!

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💡 INSIGHT OF THE DAY: Once upon a time, American car companies couldn't keep up with Germany's luxury automakers. Those days are gone. With General Motors and Ford making strides with their electric vehicle plans, they are trading at a 20% premium to their German luxury rivals, according to Sanford Bernstein auto analyst Arndt Ellinghorst. Suddenly it's Mercedes, BMW and Audi playing catch-up.

📰 And here are more stories you won't want to miss:

1. Jerome Powell is coming back: President Biden nominated him for another term as Fed chair.

2. Yes, car prices are sky high. But our Michelle Shen managed to save $10,000 on her new electric vehicle. Here's how.

3. Grocery prices are up: Use these credit card tips to save.

4. Taking a road trip this Thanksgiving: Here are the worst times to hit the road.

🚦 No matter what you do, never drive back to Washington, D.C., on the Sunday evening after Thanksgiving.