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Yahoo
10 minutes ago
- Yahoo
Never Do These 3 Things With Your Money, Says Personal Finance Pro Humphrey Yang
There's plenty of advice out there for what to do with your money, but it's just as important to know what not to do with it. In today's uncertain economy, avoiding common financial pitfalls can make a big difference. Find Out: Read Next: In a recent Instagram post, personal finance expert Humphrey Yang broke down the three things he never does with his money — that you shouldn't either. When a friend or family member asks to borrow money, you may feel a sense of obligation to do it — but Yang said to think twice before you get money involved in your relationship. 'This can get messy, awkward and strain your relationships,' he said. Instead of lending someone close to you money, offer to give an amount you are comfortable with as a gift. For example, if a friend is asking to borrow $500, offer to give them $50 'and call it a day,' Yang said. 'Yes, it still sucks to part ways with your money, but at least you are helping your friend in need,' he said. 'They may not love it, but it's better than completely shutting them out.' Check Out: Before putting your money in a savings or checking account, do some comparison shopping to see which bank offers the best interest rate. As Yang noted, this typically won't be one of the major national bank chains. 'These big banks never pay any interest,' he said. 'Move funds you don't need to touch immediately to a high-yield account.' Yang said to think carefully before making any major purchase to determine if it's really worth the cost. 'I would never spend [money] on something that depreciates rapidly without adding real value to my life,' he said. 'I'm talking about things like expensive cars that lose 20% of their value the moment you drive them off the lot, designer items bought just for status or the latest gadgets that'll be outdated in six months.' Before making a big purchase, Yang recommended asking, 'Will this genuinely improve my life or help me earn more money?' If not, you shouldn't buy it. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money This article originally appeared on Never Do These 3 Things With Your Money, Says Personal Finance Pro Humphrey Yang Sign in to access your portfolio
Yahoo
19 minutes ago
- Yahoo
Meta Just Boosted Its Stake in Ray-Ban's Parent—Analysts See AI Potential
Meta Platforms, Inc. (NASDAQ:) is one of the . On July 9, BofA Securities analyst Justin Post raised the price target on the stock to $765.00 (from $690.00) while keeping a 'Buy' rating. The rating affirmation followed reports that the AI giant has acquired almost 3% stake in its AI-eyewear partner EssilorLuxottica, which is the parent company of Ray-Ban and Oakley. The investment reflects a deepening and longer-term partnership to develop smart glasses, as per the analysts. The reports further suggest that Meta may have the option to increase its stake in the eyewear company to 5% in the future. According to the firm, Meta's latest investment reflects a particular focus on smart glasses in Meta's hardware and AI wearable strategy, whereas its VR goggles are likely to underperform expectations. While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hill
28 minutes ago
- The Hill
NASA funding is an ugly casualty of the ‘big, beautiful bill'
The 'big, beautiful bill' recently signed into law enacted a number of tax, spending and regulatory measures. President Trump and his supporters regard the new law as a triumph. Trump's enemies not so much. NASA spending measures are tucked inside the bill that can best be described as ugly, or at the very least ill-advised. As Gizmodo reported, the Trump budget proposal phased out the Space Launch System heavy lift launcher and Orion spacecraft and cancelled the Lunar Gateway space station. After the Artemis III mission, the first crewed lunar landing in decades, NASA would opt for more commercial and sustainable alternatives to maintain a moon exploration campaign. The approach was favored by SpaceX CEO Elon Musk and former NASA administrator nominee Jared Isaacman. Congress chose to ignore the administration's recommendations in favor of a more traditional approach. According to Gizmodo, '$2.6 billion would go toward fully funding Gateway, $4.1 billion would support [Space Launch System], and $20 million would go to the development of Orion.' At least until Artemis V, the return to the moon will follow the plan first set out during the first Trump presidency. The plan was proposed by Sen. Ted Cruz (R-Texas), chair of the Senate Commerce Committee. There are two possible reasons for this divergence between the White House and Congress. The cynical explanation is that the Space Launch System, for all of its huge costs, provides a lot of jobs and money in key states and congressional districts. If the project goes away, the jobs and money go away. The less cynical possibility is that although Congress may be in favor of a commercial approach to the moon and Mars in theory, it is skeptical that it will happen in a timely fashion. The long time the Commercial Crew took to get off the ground may be informing this, as is the trouble SpaceX's Starship has been having not blowing up. Whatever the reason for preserving the Space Launch System, the Orion and the Lunar Gateway, — and it may be a combination of the two suggested reasons — it seems to be a step backward in the opening to human civilization of the moon, Mars and beyond. The Space Launch System is simply too expensive to be the centerpiece of an effective and sustainable program to send humans beyond low Earth orbit. Fortunately, the bill is not the end of the story where NASA funding is concerned. Congressional appropriators still have to round out the space agency's spending bill for the next fiscal year. Congress can not only restore some of the draconian cuts that the White House has proposed for NASA's science programs, but it can also start the end-to-end commercial lunar initiative first discussed in a recent piece in Ars Technica. Trump has two things on his plate that he should take care of sooner rather than later. First, he needs to reconstitute the National Space Council with Vice President JD Vance at its head. The Space Council will provide a central point for space policy going forward. Trump has named Secretary of Transportation Sean Duffy as interim NASA administrator. Duffy is an able man with political experience and an expressed interest in space. However, he will be spread thin running both the Department of Transportation and the space agency. Trump has to nominate a permanent NASA administrator. The deep-sixing of his previous nomination of billionaire private space traveler Jared Isaacman was an incredible act of self-sabotage that has hurt NASA and Trump's own space policy. Unfortunately, Trump doubled down with an attack on Isaacman in a social media rant against Musk, who had recommended him. Without using Isaacman's name, Trump wrote that Musk 'asked that one of his close friends run NASA.' He said he initially thought the friend was 'very good,' but 'was surprised to learn that he was a blue blooded Democrat, who had never contributed to a Republican before.' He added, 'I also thought it inappropriate that a very close friend of Elon, who was in the Space Business, run NASA, when NASA is such a big part of Elon's corporate life.' As Space News notes, Isaacman is a moderate Republican who donated to both parties, a common practice for businessmen (including Trump when he was in the private sector). His ties to Musk derive from the fact that SpaceX is the only company that can provide private crewed spaceflight services. Why Trump would post such claims is open to speculation. Likely he is being lied to by staffers who dislike Musk. If the president cannot bring himself to rectify his mistake of withdrawing Isaacman's nomination, he needs to name a suitable replacement, and the sooner the better. Then Congress should fast track that person's confirmation so that he or she can start to revitalize NASA as a world-class space agency. America's future as a space power depends on it. Mark R. Whittington, who writes frequently about space policy, has published a political study of space exploration entitled 'Why is It So Hard to Go Back to the Moon?' as well as 'The Moon, Mars and Beyond,' and, most recently, 'Why is America Going Back to the Moon?' He blogs at Curmudgeons Corner.
