Top Story
Strikes are surging across sectors, and many share a common thread
Automation is on the rise, causing consequences across industries, and workers are taking a stand.
US stocks finished slightly lower on Thursday
• Consumer price inflation rose 2.4% year-over-year in September, more than forecast, but still the lowest annual reading since February 2021.
• The number of Americans filing for first-time unemployment claims climbed to a 14-month high last week, signaling a weaker job market than economists expected.
Here’s what to be on the lookout for today
• Wholesale inflation, and a temperature check on consumer sentiment in October from the University of Michigan.
• In earnings, the third-quarter season will kick off with closely watched reports from some of the biggest U.S. banks, including JPMorgan and Wells Fargo.
Achieving your financial goals in life isn’t just about how much you earn; it’s also about your money mindset
Your money mindset is the attitude and beliefs that form your relationship with your personal finances and it drives your financial habits.
Since most people pick up unhealthy financial habits along with healthy ones, it’s crucial to recognize the financial beliefs that aren’t serving you. Then you can change your money mindset and shift your behavior to better achieve your goals.
By changing your money mindset you can take full control of your finances, break bad spending habits, and reach your financial goals.
Here are some helpful tips on improving your money mindset.
Today’s top stories
Hurricanes could have a major impact on this bond marketStorms Helene and Milton are expected to cause billions in insured losses. While communities and households are grappling with their impact, certain investors will feel part of the pain too.
Read more >> How to shop for homeowners insuranceHaving the right insurance in place ensures your home is protected if disaster ever strikes. These five steps can help you secure coverage that meets your needs.
Learn more >>Other news that caught our eye
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Social security benefits will increase by 2.5% in 2025, an. average of roughly $50 per person.
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A growing number of employers are considering covering weight-loss drugs, according to several surveys.
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Amazon will test fully automated fulfillment at a Pennsylvania Whole Foods, where shoppers will be able to order and pick up some common Amazon products alongside groceries.
Financial planner tip of the day
"A bond is basically loaning someone—a government, company, or municipality—money. Bonds can provide a steady stream of income, which includes interest payments and initial investment. However, bonds are riskier than cash. Bond issuers can default, and the yields in the long-term aren’t as high as other investments."
Brian Walsh, CFP® at SoFi