The Daily Money: Elon Musk biography in stores now; West and South may feel recession
Good morning, this is Amritpal Kaur Sandhu-Longoria with your Daily Money headlines for Wednesday.
There were some interesting tidbits that came out of the biography, "Elon Musk," a book by Walter Isaacson. The bestselling author who wrote biographies on Steve Jobs and Albert Einstein shadowed the the world's richest person for two years, and chronicled the many events that Musk has become known for − the turbulent Twitter takeover, his personal relationships, and his entrepreneurship.
Musk also recently announced the birth of his third child, Tau Techno Mechanicus, with his girlfriend Amanda Grimes. Their child joins two other uniquely named children − X Æ A-Xii and Exa Dark Sideræl Musk.
Isaacson's book is in stores now.
Recession less likely, but West and South may feel it
It's been a looming question: Is a recession coming or not? With September here, the chances have fallen significantly, but the West and South can still slip in to a downturn, experts say. The odds of a recession in the West is 35.2% because of rising home prices and layoffs at big technology companies.
In the South, the odds are similar at 34.7%. While home prices did increase in the South after the pandemic, experts predict a dip next year. But, paired with inflation, household budgets are feeling the pressure after seeing prices for goods and services increase. And mortgage delinquencies, especially in Alabama, Mississippi and Louisiana, were among the highest in the country last year.
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Chipotle announced the return of the Chipotle Carne Asada Quesadilla for a limited-time, which will be available exclusively through the Chipotle app. It was first introduced in 2019, made a return in 2020, and then became one of the most requested items on social media, the company said. Between Sept. 14 and Oct. 1, Chipotle is offering a $0 free delivery on all carne asada orders through their app and website.
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Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version.