Also, the price of gold hits an all-time high.
Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  Í â  â  [Fort Worth Star-Telegram](~/AAQRxQA~/RgRoqPoNP0QeaHR0cHM6Ly93d3cuc3Rhci10ZWxlZ3JhbS5jb20vVwNzcGNCCma7DnXGZsNCTTBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) Í
Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ Íâ August 21, 2024 ⢠Issue #99 [The Money Section] This week, weâre looking at how Vice President Harrisâ attitude to corporate America may differ from Joe Bidenâs, the cost of a single gold bar has risen above $1 million for the first time in history, new restrictions on agent fees could actually increase home prices, and new car prices have risen higher than forecasted. New rules to lower real estate agent fees could increase home prices [house on tower with stairs underneath](~/AAQRxQA~/RgRoqPoNP0SHaHR0cHM6Ly9tb25leS5jb20vbG93ZXItYWdlbnQtZmVlcy1pbmNyZWFzZS1ob21lLXByaWNlcy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTk5VwNzcGNCCma7DnXGZsNCTTBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) Money; Getty Images
The Federal Reserve is expected to lower interest rates in September, but the magnitude of the cut is uncertain. While a quarter-point decrease is widely predicted, some experts anticipate a larger, potentially emergency cut of 50 or even 75 basis points due to economic concerns. Read more. A settlement between the National Association of Realtors and several plaintiffs aims to reduce real estate agent commissions. However, this decision may end up increasing home prices, according to a working paper published by the National Bureau of Economic Research.
[Read more.](~/AAQRxQA~/RgRoqPoNP0SHaHR0cHM6Ly9tb25leS5jb20vbG93ZXItYWdlbnQtZmVlcy1pbmNyZWFzZS1ob21lLXByaWNlcy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTk5VwNzcGNCCma7DnXGZsNCTTBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) ð [S&P, Nasdaq tick up as downward payrolls revisions boost rate-cut hopes.](~/AAQRxQA~/RgRoqPoNP0RjaHR0cHM6Ly93d3cucmV1dGVycy5jb20vbWFya2V0cy91cy9mdXR1cmVzLXN0YWxsLWxlYWQtdXAtcGF5cm9sbHMtcmV2aXNpb25zLWZlZC1taW51dGVzLTIwMjQtMDgtMjEvVwNzcGNCCma7DnXGZsNCTTBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) The S&P 500 and Nasdaq rose on Wednesday as a revised jobs report suggested a slowing labor market, increasing expectations of a Fed rate cut. The Fed is now more likely to cut rates in September, according to financial markets. ð¤ð¼ [How Kamala Harris is winning over Wall Street.](~/AAQRxQA~/RgRoqPoNP0ReaHR0cHM6Ly9lZGl0aW9uLmNubi5jb20vMjAyNC8wOC8yMS9pbnZlc3Rpbmcva2FtYWxhLWhhcnJpcy13YWxsLXN0cmVldC1yZWxhdGlvbnNoaXAvaW5kZXguaHRtbFcDc3BjQgpmuw51xmbDQk0wUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) Where big business tended to clash with the Biden administration, Vice President Harrisâ positions on corporate America seem to be more of a blank slate. Indeed as attorney general and senator, her approach to Silicon Valley was typically more open than President Bidenâs. New car prices rose $6,000 more than expected in recent years [conceptual car design](~/AAQRxQA~/RgRoqPoNP0SWaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9uZXctY2FyLXByaWNlcy1pbmNyZWFzZS1mYXN0ZXItaW5mbGF0aW9uLy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTk5VwNzcGNCCma7DnXGZsNCTTBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) Money; Getty Images New car prices have risen more than expected in the past five years, due to a shortage of affordable cars and higher demand. This has resulted in car prices being $6,000 higher than they would have been if prices had risen at their typical rate. [Read more.](~/AAQRxQA~/RgRoqPoNP0SWaHR0cHM6Ly93d3cuc2FjYmVlLmNvbS9tb25leS9uZXctY2FyLXByaWNlcy1pbmNyZWFzZS1mYXN0ZXItaW5mbGF0aW9uLy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTk5VwNzcGNCCma7DnXGZsNCTTBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) â¡ [Tesla to get lower EU tariff on its Chinese-made EVs.](~/AAQRxQA~/RgRoqPoNP0RzaHR0cHM6Ly93d3cucmV1dGVycy5jb20vYnVzaW5lc3MvYXV0b3MtdHJhbnNwb3J0YXRpb24vZXUtc2xhc2hlcy1wbGFubmVkLXRhcmlmZi10ZXNsYXMtY2hpbmEtbWFkZS1ldnMtOS0yMDI0LTA4LTIwL1cDc3BjQgpmuw51xmbDQk0wUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~)
The European Union has reduced planned tariffs on Tesla and other Chinese-made electric vehicles. The decision comes after further investigations requested by Tesla. While the EU maintains that Chinese EV production benefits from unfair subsidies, it has lowered the punitive duties on imports. âï¸ [Worldâs âlargest solar precinctâ approved by the Australian government.](~/AAQRxQA~/RgRoqPoNP0RfaHR0cHM6Ly9hcG5ld3MuY29tL2FydGljbGUvYXVzdHJhbGlhLXNpbmdhcG9yZS1zb2xhci1zdW4tY2FibGUtMjJkYzBiMzFmNDEwNTQxMWJjODM3YTcyNDk3N2E4YmVXA3NwY0IKZrsOdcZmw0JNMFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) A massive solar farm project in Australia has received environmental approval, bringing it closer to reality. The project, which aims to transmit renewable energy to Singapore via a submarine cable, is a significant step towards Australia becoming a renewable energy superpower. Gold bars are now worth a record $1 million [gold bars rising like an upward graph](~/AAQRxQA~/RgRoqPoNP0STaHR0cHM6Ly93d3cua2Fuc2FzY2l0eS5jb20vbW9uZXkvZ29sZC1iYXJzLXdvcnRoLTEtbWlsbGlvbi1kb2xsYXJzLy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTk5VwNzcGNCCma7DnXGZsNCTTBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) Money; Getty Images The price of gold has hit a new all-time high, driven by lower interest rates and increased stock market volatility. While gold has outperformed stocks so far this year, its future price is uncertain and depends on various factors, including the Fedâs rate cuts, the U.S. presidential election, and geopolitical events. [Read more.](~/AAQRxQA~/RgRoqPoNP0STaHR0cHM6Ly93d3cua2Fuc2FzY2l0eS5jb20vbW9uZXkvZ29sZC1iYXJzLXdvcnRoLTEtbWlsbGlvbi1kb2xsYXJzLy8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTk5VwNzcGNCCma7DnXGZsNCTTBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~) ð¯ [Target slashed prices. It paid off.](~/AAQRxQA~/RgRoqPoNP0RNaHR0cHM6Ly9lZGl0aW9uLmNubi5jb20vMjAyNC8wOC8yMS9pbnZlc3RpbmcvdGFyZ2V0LXN0b2NrLWVhcm5pbmdzL2luZGV4Lmh0bWxXA3NwY0IKZrsOdcZmw0JNMFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) The discount retailer has seen a surge in sales and profits due to its price cuts and focus on essential items. While Targetâs outlook remains cautious, it signifies a positive trend for the company and other discount retailers as consumers continue to prioritize value and affordability. ð¼ [Workplace insurance could soon be stripped down.](~/AAQRxQA~/RgRoqPoNP0Q9aHR0cHM6Ly93d3cuYXhpb3MuY29tLzIwMjQvMDgvMjEvZW1wbG95ZWUtYmVuZWZpdHMtY3V0LXN1cnZleVcDc3BjQgpmuw51xmbDQk0wUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) The surging popularity of GLP-1 weight-loss drugs like Wegovy and Ozempic is driving up healthcare costs for employers. This increase is expected to lead to higher insurance premiums or reduced benefits for employees. Smart Money Move Gold is at an all-time high. And it could go higher! [Smart Saving Options](~/AAQRxQA~/RgRoqPoNP0R3aHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL3ByL2xhYjAyMmRmZTNmNT94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlOTZXA3NwY0IKZrsOdcZmw0JNMFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO)Now could be the perfect time to invest in this safe-haven asset. Historically, the price of gold tends to go up when interest rates go down. With an interest cut rate looming, the price of gold might go even higher. Gold also tends to do well in election years and in times of geopolitical turmoil. Sound familiar? Itâs time to strike while the iron is hot and invest in gold. [Check out Moneyâs list of the Best Gold IRAs of 2024.](~/AAQRxQA~/RgRoqPoNP0SzaHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL2dvbGQtaXJhcy9scC9iZXN0LWdvbGQtaXJhcy1lbWw_cGN1aWQ9bGFiMDIyZGZlM2Y1JmFweGEzPTEzOTYmanVtcF9mcm9tX2VtYmVkPXRydWUmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlOTkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fc291cmNlPW1jY2xhdGNoeSZ3YWZpZD1XA3NwY0IKZrsOdcZmw0JNMFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) [ADVERTISEMENT](~/AAQRxQA~/RgRoqPoNP0SzaHR0cHM6Ly9zZWN1cmUubW9uZXkuY29tL2dvbGQtaXJhcy9scC9iZXN0LWdvbGQtaXJhcy1lbWw_cGN1aWQ9bGFiMDIyZGZlM2Y1JmFweGEzPTEzOTYmanVtcF9mcm9tX2VtYmVkPXRydWUmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlOTkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fc291cmNlPW1jY2xhdGNoeSZ3YWZpZD1XA3NwY0IKZrsOdcZmw0JNMFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) ~/AAQRxQA~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~ Stories weâre reading this week - [Nvidia Is Driving the Market Again](~/AAQRxQA~/RgRoqPoNP0RCaHR0cHM6Ly9xei5jb20vbnZpZGlhLXN0b2NrLW52ZGEtcmFsbHktbmFzZGFxLW1hZy1zZXZlbi0xODUxNjI3NTY1VwNzcGNCCma7DnXGZsNCTTBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~)
- [Your Investment Returns Are (Probably) Not as High as You Think](~/AAQRxQA~/RgRoqPoNP0SJaHR0cHM6Ly9tb25leS5jb20vaW52ZXN0bWVudC1mdW5kLXJldHVybnMtZ2FwLW1vcm5pbmdzdGFyLz94aWQ9bWNjbGF0Y2h5JnV0bV9zb3VyY2U9bWNjbGF0Y2h5JnV0bV9tZWRpdW09cnNzX3N5bmQmdXRtX2NvbnRlbnQ9dG1zX2lzc3VlOTlXA3NwY0IKZrsOdcZmw0JNMFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO)
- [As Strength Training Gets More Popular, Peloton and Planet Fitness Shift Focus](~/AAQRxQA~/RgRoqPoNP0RsaHR0cHM6Ly93d3cuY25iYy5jb20vMjAyNC8wOC8yMS9zdHJlbmd0aC10cmFpbmluZy1kZW1hbmQtZml0bmVzcy1pbmR1c3RyeS1wZWxvdG9uLXBsYW5ldC1maXRuZXNzLWxhZGRlci5odG1sVwNzcGNCCma7DnXGZsNCTTBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~)
- [Homeowners Are Refinancing Again as Rates Dip. Should You?](~/AAQRxQA~/RgRoqPoNP0SLaHR0cHM6Ly9tb25leS5jb20vbW9ydGdhZ2UtcmF0ZXMtZGlwLWhvbWVvd25lcnMtcmVmaW5hbmNpbmcvP3hpZD1tY2NsYXRjaHkmdXRtX3NvdXJjZT1tY2NsYXRjaHkmdXRtX21lZGl1bT1yc3Nfc3luZCZ1dG1fY29udGVudD10bXNfaXNzdWU5OVcDc3BjQgpmuw51xmbDQk0wUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~)
- [Jersey Shore Bridge Reopens Weeks Early Thanks to âA Miracleâ](~/AAQRxQA~/RgRoqPoNP0RraHR0cHM6Ly93d3cubmouY29tL2NhcGUtbWF5LWNvdW50eS8yMDI0LzA4L2plcnNleS1zaG9yZS1icmlkZ2UtcmVvcGVucy13ZWVrcy1lYXJseS10aGFua3MtdG8tYS1taXJhY2xlLmh0bWxXA3NwY0IKZrsOdcZmw0JNMFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO)
- [Should Investors Brace for More Volatility?](~/AAQRxQA~/RgRoqPoNP0SEaHR0cHM6Ly9tb25leS5jb20vc3RvY2stbWFya2V0LXZvbGF0aWxpdHktd2hhdHMtbmV4dC8_eGlkPW1jY2xhdGNoeSZ1dG1fc291cmNlPW1jY2xhdGNoeSZ1dG1fbWVkaXVtPXJzc19zeW5kJnV0bV9jb250ZW50PXRtc19pc3N1ZTk5VwNzcGNCCma7DnXGZsNCTTBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADTg~~)
- [Bond Traders Amassing Historic Level of Risk on Rate-Cut Bets](~/AAQRxQA~/RgRoqPoNP0RwaHR0cHM6Ly93d3cuYmxvb21iZXJnLmNvbS9uZXdzL2FydGljbGVzLzIwMjQtMDgtMjAvYm9uZC10cmFkZXJzLWFtYXNzaW5nLWhpc3RvcmljLWxldmVsLW9mLXJpc2stb24tcmF0ZS1jdXQtYmV0c1cDc3BjQgpmuw51xmbDQk0wUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) The Money Section is written in partnership with Money Research Collective This email was sent to {EMAIL} because you are signed up to receive The Money Section from the Fort Worth Star-Telegram. If you no longer wish to receive emails of this type, you may [update your email preferences](~/AAQRxQA~/RgRoqPoNP0RxaHR0cHM6Ly93d3cuc3Rhci10ZWxlZ3JhbS5jb20vbmV3c2xldHRlcnMjdXNlcklkPWQ3ZGM3NDUxNzI5N2IzOTcxYWExNGQ2ZjMzMTEzNWEwODc4ZjhmNjQwZmExYTEwMTlmMTU3YjY1YzFiNWRkMWRXA3NwY0IKZrsOdcZmw0JNMFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO). We are unable to monitor replies to this email. Please [contact customer service](~/AAQRxQA~/RgRoqPoNP0QvaHR0cHM6Ly93d3cuc3Rhci10ZWxlZ3JhbS5jb20vY3VzdG9tZXItc2VydmljZS9XA3NwY0IKZrsOdcZmw0JNMFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) if you have any questions or concerns. [Privacy Policy](~/AAQRxQA~/RgRoqPoNP0Q-aHR0cHM6Ly93d3cuc3Rhci10ZWxlZ3JhbS5jb20vY3VzdG9tZXItc2VydmljZS9wcml2YWN5LXBvbGljeS9XA3NwY0IKZrsOdcZmw0JNMFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAANO) | [Terms of Service](~/AAQRxQA~/RgRoqPoNP0RAaHR0cHM6Ly93d3cuc3Rhci10ZWxlZ3JhbS5jb20vY3VzdG9tZXItc2VydmljZS90ZXJtcy1vZi1zZXJ2aWNlL1cDc3BjQgpmuw51xmbDQk0wUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAA04~) Copyright © 2024 Fort Worth Star-Telegram. All Rights Reserved.
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