The Daily Money: A candy clash at the White House?
Good morning! It’s Daniel de Visé with your Daily Money. It's Friday, so let's review the week's tastiest consumer news.
President Donald Trump, who famously has a sweet tooth, once received a handpicked selection of his favorite red and pink Starburst candy from former House Majority Leader Kevin McCarthy.
However, if Health Secretary Robert F. Kennedy Jr. has a say, the days of that technicolor candy might be numbered.
For that payment, I could get a house. . .
Car buyers set a record in the second quarter as more opted for whoppingly long-term loans and monthly car payments that rivaled some home mortgage bills.
According to second-quarter data crunched by Edmunds.com, the share of new-vehicle buyers to commit to monthly payments of $1,000 or more hit an all-time high of 19.3%, or nearly 1 in 5 consumers.
Here's why car buyers are saddling themselves with higher payments and longer loans.
Musk touts erratic chatbot
One day after his chatbot Grok had a Nazi meltdown, Elon Musk trumpeted the launch of Grok 4 in an hourlong, late-night live demo.
Joined by researchers from his artificial intelligence company xAI, the tech mogul showed off the flagship chatbot's mental gymnastics, from solving a complex math problem to predicting the winner of the World Series.
He did not mention Grok’s series of viral posts on his X social media platform praising Adolph Hitler.
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About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from Paste BN, 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.