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Wednesday 15-May-24
Surveys of consumers as well as businesses have been pessimistic for some time. Now the hard data, such as the retail-sales report for April, is starting to weaken as well, though it’s still much better than what the so-called soft data is suggesting.
The soft economic data has been bad. The hard data is starting to weaken as well.
The average cost of child care for two children is now greater than the average rent in all 50 states, and greater than the average mortgage payment in 45 states.
Child care costs more than a mortgage payment or rent almost everywhere in the U.S.: ‘There is no escaping it’
Move, along with a recently completed at-the-market offering, should reduce net leverage for the indebted cinema operator by about 10%, says B. Riley analyst.
AMC’s stock tumbles on news company will issue 23.3 million of shares in debt-for-equity swap
New York Community Bancorp’s stock gave back recent gains Wednesday on the heels of a $5 billion loan sale to JPMorgan Chase & Co., which marks a fresh move in the bank’s plan to turn a profit.
NYCB sells $5 billion loan book to JPMorgan, an ‘important first step’ in turnaround
Gold futures touch their highest levels in more than three weeks Wednesday after U.S. government data revealed a slowdown in the rate of inflation, feeding expectations for the return of interest-rate cuts this year.
Gold futures touch 3-week highs as CPI data signals downward trend for inflation
How to save money so you can retire in style
Saving for retirement is easier than most people think — as long as you get two things right
Netflix will show live NFL games on Christmas Day in 2024, 2025 and 2026.
Netflix’s Christmas NFL games could be the precursor to a price increase, expert says
3M’s stock surged toward a 16-month high Wednesday, after the consumer and industrial products company slashed its quarterly dividend, but by less than what was expected
3M’s stock surges to 16-month high after dividend cut was less than feared
Wolfe Research analyst Steve Fleishman sees darker days ahead for SunPower shares after they’ve gotten caught up in the meme-stock momentum.
SunPower’s ‘extreme’ meme-stock surge has this analyst predicting a steep fall
The vast majority of baby boomers who rent would rather not buy due to the high costs of homeownership, a Bank of America survey says.
8 in 10 baby boomer renters would rather rent than buy a house. Here’s why.
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