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Streaming may have ushered in the Golden Age of TV, but it’s stuck in the Stone Age of user-friendliness.
From hiding the “continue watching” button to shoving new shows in your face, here’s everything wrong with modern streaming — and why it might not be righted any time soon.
US stocks finished lower Monday as Wall Street prepares for this week’s upcoming CPI report
• Tyson Foods (TSN) reported a surprise loss of $0.04 per share compared to the estimated $0.80 gain. While sales from its chicken division increased by 8.4%, sales from its beef business fell 8.3%, leading to the company’s overall revenue falling slightly short of projections at $13.13 billion. The meat processing giant also lowered its 2023 revenue forecasts.
• Berkshire Hathaway (BRK.A) posted a $35.5 billion first-quarter profit, largely driven by gains in Apple (AAPL) and Geico. The Warren Buffet-led holding company grew its cash position by $2 billion, bringing its new total to $130.6 billion. Berkshire also repurchased $4.4 billion in stock, the most since Q1 of 2021.
• Consumer inflation expectations on a one-year horizon fell to 4.4% in April from the previous month’s 4.7%. However, inflation expectations three and five years out increased to 2.9% and 2.6%, respectively.
What to be on the lookout for today
• Investors will get two different optimism indexes, one for the economy and one for business. In April, the Economic Optimism Index rose for the third consecutive month, while, in March, the Small Business Optimism Index fell to a three-month low.
• Airbnb (ABNB), Electronic Arts (EA), Allbirds (BIRD), ZipRecuiter (ZIP), and Rivian (RIVN) will provide earnings reports. While many EV makers cut prices due to increased competition in the industry, investors will hope for an optimistic report from Rivian. The company delivered almost 8,000 vehicles in Q1.
Organize your finances by automating them. Here’s how to do it.
We’ve all had that sinking thought: “Is that bill due today? Do I have enough to cover it?” Fortunately, automating your finances can help alleviate bill-paying stress and help you stick to your budget.
Automating your finances is a “set it and forget it” way to pay bills and move money from checking to savings. You can do it by using one or more of these methods:
1. Sign Up for Automatic Debits from Your Creditor
Go to the creditor’s payment portal and set up an auto-pay schedule, connecting them to your bank account. On the agreed-upon date, they will automatically deduct the amount from your checking.
2. Set Up Bill Pay with Your Bank:
Many major banks will issue payments on your behalf to a creditor. Typically, they’ll need the account number and address of the business you’re paying. Just make sure the money will arrive on time to avoid late fees.
3. Set Up Direct Deposit with Your Employer
With direct deposit of your paycheck, you’ll know your salary is getting sent to your bank account and when it hits. Some checking and savings accounts will even allow you access to your paycheck funds a day or two early if you sign up for direct deposit with them.
Automating your finances can be a great way to take control of and organize your money.
💡 Recommended reading: Tips for Maximizing Time and Money
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Restaurant dining goes VIP as the industry looks to target premium customers. The restaurant industry is shifting its focus toward big spenders by offering premium reservations. Here's what you need to know. Read more >> Concerts for your favorite artists this summer are expected to be both extra crowded and extra expensive. Concert tickets are projected to be so bad that 2023 has already been dubbed the “Year of the $1,000 Concert Ticket.” Here’s how you can prepare. Read more >> Money mistakes happen all the time. Here are 15 poor financial decisions and tips to overcome them. We have all made bad financial decisions in the past, but that means there is ample room to grow and learn from poor financial choices. Read more >>Not-so-breaking news
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US airlines may soon be required to compensate passengers for delays or cancellations for which carriers are responsible. This is the Biden Administration’s latest attempt to bolster consumer protections against airlines.
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Qualcomm (QCOM) is set to acquire Autotalks, an Israel chipmaker. The move is intended to help the US technology company expand its presence in the automotive business.
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The air travel industry has added employees en masse to prepare for a hectic summer travel season. The industry now has 534,000 employees, up nearly 10% from last year to the highest total seen in two decades.
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US officials are considering restricting investments in Chinese AI firms. US investors have already poured $40 billion into more than 250 Chinese AI companies. Officials are concerned that this could lead to a national security risk.
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Planet Fitness (PLNT) is offering free summer memberships to teens ages 14 to 19. The campaign is part of the gym’s initiative to boost kids’ physical and mental health.
Financial planner tip of the day
“Asset allocation is the strategy of balancing risk and reward by divvying up a portfolio into different asset types. The goal of diversification is to invest in such a way that not all investments perform the same or even similarly during different periods over the course of an investment journey.”
Brian Walsh, CFP® at SoFi