Market Performance: December 30, 2023.

AI is coming to a warehouse near you. Symbotic (NASDAQ: SYM) is using cutting-edge AI and robotics technology to help companies slash their logistics costs by automating their supply chains.

Symbotic's system can lessen its customers' warehouse-space needs by up to 60%. Rather than hours, trailers can be loaded in minutes. Orders can be fulfilled with 99.99% accuracy and fewer inventory requirements. The company estimates that a $50 million purchase of one of its modules can reduce operating expenses by $10 million annually for up to 25 years.

These benefits aren't escaping the attention of major retailers. Grocery giant Albertsons and Target have deployed Symbotic's systems in their warehouses. Walmart, meanwhile, is integrating Symbotic's technology across all 42 of its regional distribution centers to bolster its inventory management and fulfillment operations.

How Money Psychology Affects Your Finances—and the Benefits of Financial Therapy

Historically, the financial industry has focused solely on financial literacy, says Haylie Castillo, MSW, LSWAIC, CFT-I™, owner of Castillo Financial Therapy. While financial literacy is absolutely necessary, it’s just part of achieving financial success.

“I discovered financial education, financial literacy and, in my own personal financial education journey, realized that there was this missing piece,” she says. “This very important piece of having to explore my own psychological beliefs and money.” That experience was what drove Castillo to specialize in money psychology and become a financial therapy provider.

What are money psychology and financial therapy?

Mastering Cash Flow Management: A Key to Personal Finance

Mastering cash flow management is often touted as a vital yet challenging aspect of personal finance. This sentiment was echoed by certified financial planner Douglas Boneparth during a recent episode of ‘This week your wallet’, a weekly audio show produced by CNBC’s Personal Finance team. Boneparth underscored the significance of understanding the cost of one’s lifestyle and the inherent ability to save and invest consistently.

Striking a Balance is Key

Boneparth argued that achieving a delicate equilibrium between these two elements often poses the greatest challenge in personal finance. He cautioned against rushing into investments without a solid foundation in cash flow management. A lack of discipline, he warned, could force individuals to prematurely withdraw from investments due to unforeseen life events.

Setting and Prioritizing Financial Goals

Once households have a firm grasp on cash flow, they can then set and prioritize goals. These might include building an emergency cash reserve or saving for retirement, a down payment, or education expenses.

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