Aimee Picchi
Aimee Picchi is associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has been published by national news outlets including USA Today and Consumer Reports. Aimee frequently writes about retirement, and has been a National Press Foundation fellow for reporting on retirement and Columbia University’s Age Boom Academy. She’s also the editor of the Institutional Investor book ‘Cultivating the Affluent II,’ with noted wealth consultant Russ Alan Prince. Here’s how to learn if your data was stolen in AT&T’s massive hack AT&T said it learned about the hack in April, but it delayed alerting customers due to federal investigations. Here’s what to know. Jul 12 AT&T says data breach impacts nearly all its cellular customers AT&T said the breach doesn’t include the content of calls or texts or personal information such as Social Security numbers. Jul 12 Social Security recipients could see smallest COLA increase since 2021 Social Security adjusts its benefits each year to account for inflation. But as prices are cooling, seniors are likely to see a smaller bump this year. Jul 11 IRS says it has clawed back $1 billion from millionaire tax cheats The IRS says its push to step up audits on wealthy tax cheats is paying off, with the agency recovering more than $1 billion. Jul 11 Project 2025 would overhaul U.S. taxes. Here’s the impact for you. Project 2025, a blueprint for the next Republican president, proposes major economic changes that could impact millions of Americans. Jul 12 Which U.S. colleges offer graduates the biggest financial boost? More Americans are skeptical about the value of college, but a new study shows college grads earn far more over their careers. Jul 10 Amazon offering a $20 credit before Prime Day. Here’s how to get it. Amazon is offering a $20 credit ahead of its Prime Day, a two-day shopping event on July 16-17. Here’s what to know. Jul 10 Fed’s Powell says ‘more good data’ could open door to rate cuts Federal Reserve Chair Jerome Powell told a Senate panel that the economy has returned to its pre-pandemic level: ‘strong, but not overheated.’ Jul 9 Target will soon stop accepting personal checks from customers Starting July 15, Target will no longer accept personal checks as payment from customers, citing changing financial habits. Jul 8 Beryl snarls U.S. travel as airlines scrap hundreds of flights Airlines are suspending or canceling flights into Houston as Hurricane Beryl makes landfall in Texas. Jul 8 Paramount Global to merge with Skydance Media Paramount Global, the owner of Paramount Pictures and CBS, will merge with a media company founded by David Ellison. Jul 8 Inflation measure preferred by Fed shows cooling prices The better-than-expected PCE data is increasing expectations that the Fed could cut rates in September, analysts said. Jun 28 Boeing sanctioned by NTSB for releasing details of Alaska Airlines probe the NTSB said the Boeing executive disclosed non-public information from an investigation into the January incident. Jun 28 IRS has unconscionable delays for a major tax issue, report says the National Taxpayer Advocate, a watchdog that’s part of the IRS, said the delays could cause financial harm to some taxpayers. Jun 26 Chipotle is splitting its stock 50-to-1. Here’s why. Chipotle is splitting its stock 50-to-1, with the company calling it one of the biggest stock splits in the history of the New York Stock Exchange.
68%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
86%
Examples:
- Aimee Picchi frequently writes about retirement and has been a National Press Foundation fellow for reporting on retirement and Columbia University’s Age Boom Academy.
- The author presents information about President Biden’s latest proposal to expand student loan forgiveness as if it were a positive thing.
Conflicts of Interest
50%
Examples:
- Aimee Picchi is the editor of the Institutional Investor book ‘Cultivating the Affluent II,’ with noted wealth consultant Russ Alan Prince.
Contradictions
85%
Examples:
- Many countries will hit an aging tipping point within the next 20 years, according to Fink’s letter.
- The author mentions that additional heart attacks are being added back because of rising poor air quality but fails to provide any evidence or data to support this claim.
Deceptions
64%
Examples:
- The author uses sensationalist language such as ‘serious injury or even death’ to create fear in readers without providing any context about how likely it is for these events to occur.
- The title of the article suggests that Toyota has recalled all vehicles with faulty airbags when in fact only a specific model and year range are affected by this recall.
Recent Articles
Federal Reserve's Upcoming Decision: What It Means for Homeowners and Buyers
Broke On: Tuesday, 30 July 2024The Federal Reserve is expected to make the first interest rate reduction since 2020 on September 30, 2024, following a year of economic growth and cooling inflation. This development could lead to lower mortgage rates for homeowners and buyers, potentially refinancing or securing more affordable housing. The Fed's decision will impact markets as investors rotate from tech shares to other sectors in anticipation of broader interest rate trends. 
Prominent Short Seller Andrew Left Charged with Securities Fraud: Allegedly Manipulated Stock Market for $16 Million Profit
Broke On: Friday, 26 July 2024Prominent short seller Andrew Left, known for his firm Citron Research and appearances on cable news channels, has been charged with securities fraud by federal prosecutors and the SEC for manipulating the stock market using his following to net at least $16 million in profits. The charges include allegations of publishing false reports to defraud social media followers and one count of engaging in a securities fraud scheme. 
AT&T Data Breach: 110 Million Wireless Subscribers Affected, Hacking Group UNC5537 Responsible
Broke On: Saturday, 13 July 2024AT&T suffers a massive data breach affecting nearly 110 million wireless subscribers, including call and text records from other networks. The stolen data, including phone numbers and durations, was illegally downloaded from a third-party cloud platform, Snowflake. AT&T is cooperating with law enforcement to identify the perpetrators behind UNC5537 hacking group. 
Project 2025: Uncovering the Detailed Policy Proposals of a Potential Second Republican Presidency
Broke On: Friday, 12 July 2024The Heritage Foundation's Project 2025 proposes extreme policies for a potential second Republican presidency, including filling the federal workforce with political appointees, restricting reproductive care, and eliminating departments and agencies to roll back climate change protections. The plan also aims to give Trump control over investigations and border security measures. Former Trump administration officials are linked to the initiative. 
US Stock Market Dips Amid Decrease in Inflation: What Does It Mean for the Federal Reserve and Investors?
Broke On: Friday, 28 June 2024US stock market indices like the Dow, S&P 500 and Nasdaq 100 remained stable while treasury yields increased due to a slowdown in inflation. This has led some economists to speculate that the Federal Reserve may reconsider interest rate hikes, potentially boosting investor confidence. 
Tesla Shareholders Vote to Restore Elon Musk's Controversial $44.9 Billion Pay Package
Broke On: Thursday, 13 June 2024Tesla shareholders have voted to reinstate Elon Musk's $44.9 billion pay package, despite a Delaware judge's rejection earlier this year. The outcome may not be permanent as the case is expected to remain in court for months. 
Federal Reserve Holds Rates Steady, Projects Fewer Cuts in 2024 Amid Persistent Inflation
Broke On: Wednesday, 12 June 2024The Federal Reserve kept interest rates unchanged and projected fewer cuts for 2024, despite easing inflation in May. Chair Jerome Powell emphasized the need for caution to maintain progress towards the 2% inflation target, with persistent issues in housing and ongoing high benchmark rates at 5.3%. The Fed raised its long-term rate forecasts to 2.8%, suggesting a shift from previous expectations. Fed Expected to Keep Rates Steady Amid Decelerating Inflation: What's Next for the Housing Market?
Broke On: Wednesday, 12 June 2024The Federal Reserve is expected to keep interest rates steady in June 2024 despite a deceleration in annual inflation rate to 3.3% from 3.4%. The CPI report showed both the overall and core index experiencing deceleration, leading some investors to question the number of anticipated rate cuts for the rest of the year. However, Chair Jerome Powell emphasized that more data is needed before making any decisions on rate reductions. 
Paramount Global Aborts Merger with Skydance Media over Disagreements on Key Terms
Broke On: Wednesday, 12 June 2024Paramount Global ended merger talks with Skydance Media due to disagreements over key terms, specifically a majority of the minority vote clause and critical comments about David Ellison from a Paramount board member. The collapse leaves Paramount Global facing challenges like heavy debt and declining TV business despite launching Paramount+. Both parties released statements supporting their respective strategies. 
Trump Media & Technology Group Reports Net Loss of $327.6 Million in Q1 2024
Broke On: Monday, 20 May 2024Trump Media & Technology Group (TMTG) reported a net loss of $327.6 million and revenue of $770,500 in Q1 2024 due to non-cash expenses from merger with Digital World Acquisition Corp. Despite losses, CEO Devin Nunes remains optimistic.