A recent court document in a prominent lawsuit highlights the advantages that children of wealthy donors may have during the college admissions process, as reported by Zachary Schermele.

Internal emails and documents from some of the most prestigious universities reveal a system filled with disparities and relaxed criteria for applicants with affluent parents. The materials filed on Monday represent a significant step in an ongoing legal dispute, claiming that 17 top universities have conspired to limit financial aid for students from less wealthy backgrounds, thus violating antitrust laws.

Interest Rates Cut Again by the Fed

The Federal Reserve has once again decreased its primary interest rate by a quarter point, as Paul Davidson reports, but has indicated that rate cuts will happen at a much slower pace in the coming year.

This reduction is the third consecutive cut by the Fed, setting the benchmark short-term interest rate between 4.25% and 4.5%.

Here’s what to expect for interest rates in 2025.

📰 A Must-Read 📰

We’re highlighting some of the best stories from 2024. Here’s one from Felecia Wellington Radel.

Once you start noticing it, you’ll realize it’s happening everywhere we go.

Consider the woman on FaceTime at the neighboring restaurant table, the man absorbed in Instagram Reels during an elementary school band performance, the worker in a virtual meeting poolside beside someone who is reading, or fellow commuters simply listening to music on speakerphone.

This isn’t a sudden phenomenon, but gradually, more individuals in public have begun to forgo headphones, sharing their digital interactions openly with everyone nearby.

About The Daily Money

Every weekday, The Daily Money provides you with the latest consumer and financial news from YSL News, simplifying complex topics, presenting the TLDR version, and explaining how various factors like Federal rate changes or bankruptcies affect you.