Dollar rally pauses as recession bets mount
The dollar hit a 20 year high but pace may slow amid recession fears and a potential Fed pause on rate hikes. Wall Street forecasts a hold after May, dampening yields and restraining the currency. Consumer confidence dipped in early 2024 while growth concerns and inflation linger, tempering demand for U.S. assets.
MENTIONED IN THIS ARTICLE
U.S
Fed
Wall Street
Infinite banking on TikTok sparks debate over value and risk
NerdWallet examines infinite banking, tracing its origins to Nelson Nash and Becomes Your Own Banker. The article explains how whole life policies build cash value, loans against it, and the risks of overfunding, costs, and potential loss of coverage. It notes high ongoing premiums, long buildup, and the need to prioritize debt repayment and retirement savings before pursuing this strategy.
MENTIONED IN THIS ARTICLE
TikTok
Nelson Nash
Whole Life
Barry Flagg
Tampa
Florida
Veralytic
Daphne Jordan
Austin, Texas
Quotacy
Federal Deposit Insurance Corp
FDIC
National Credit Union Administration
NCUA
Jordan
Aurora's driverless trucks near feature complete safety case
Aurora says its driving system is feature complete and aims to prove safety before removing onboard human oversight. The company notes trucks will share roads with people and that machine learning mirrors human driving to reduce the half million annual road incidents, addressing public fears with rigorous testing.
MENTIONED IN THIS ARTICLE
Interstate 45
Dallas
Houston
Aurora
Aurora Innovation
Chris Urmson
Associated Press
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