Why It's a Terrible Time to Spend Money

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 17 November 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

With rising prices and high interest rates, right now is a bad time to spend money. WSJ personal finance reporter Oyin Adedoyin joins host Ariana Aspuru to explain what this means for holiday shoppers. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	AI may be the most important new computer technology ever, but AI needs a lot of
0:06.4	processing speed and that gets expensive fast.
0:09.6	Upgrade to the next generation of the cloud, Oracle Cloud Infrastructure, or OCI.
0:16.0	OCI is the single platform for your infrastructure, database, application development, and AI needs.
0:23.0	See how customers like Uber and Cohere
0:26.0	are training their AI models at twice the speed and less than half the cost.
0:31.0	Take a free test drive of OC.C. at Oracle.com
0:34.4	slash Wall Street.
0:35.8	That's Oracle.com slash Wall Street.
0:38.9	Here's your money briefing for Friday, November 17th. I'm Adiana Spuru for the Wall Street Journal.
0:48.0	This time next week shoppers will flood online sites and shopping malls as holiday
0:58.2	sales for Black Friday and Cyber Monday kickoff. With prices and interest rates high, this season of giving is coming
1:06.2	at a bad time to spend money. With the resumption of student loan payments, people are really
1:11.6	starting to feel stretched thin.
1:13.6	Simultaneously, you can get as high as 5% yields
1:17.8	on high yield savings accounts, certificates of deposits,
1:20.8	and bonds, so it's even more lucrative to save right now than spend.
1:25.0	We'll hear from W.S. J. reporter Ooyen at Adoyen, after the break. AI may be the most important new computer technology ever. But AI needs a lot of
1:44.9	processing speed and that gets expensive fast. Upgrade to the next generation of
1:50.7	the cloud, Oracle Cloud Infrastructure, or OCI.
1:55.0	OCI is the single platform for your infrastructure, database, application development, and AI needs.
2:01.0	See how customers like Uber and Cohere are training their AI models at
	...

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