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Stocks

“Gap stock slides 18% after cutting sales guidance; CEO of Old Navy division to leave”

“Gap Inc. shares tumbled 18% in premarket trading Friday after the company slashed its sales outlook for the first quarter of fiscal 2022, citing what it called “execution challenges” its Old Navy business, and announced the CEO of that division, Nancy… Continue Reading…

Personal Finance

“Consumer complaints up 31% since 2018 about collection attempts for medical debt not actually owed, federal watchdog finds”

“For some consumers, medical debt they don’t even owe appears to ends up haunting them anyway. Complaints jumped 31% from 2018 to 2021 about debt collectors attempting to get consumers to fork over amounts that already were paid or otherwise… Continue Reading…

Economy

“72% of six-figure earners are men, while 57% of workers making under $25,000 are women, survey finds”

“Many Americans agree it now takes a six-figure salary — at least — to get by amid today’s rising prices and economic uncertainty. Yet, 72% of six-figure earners are men, according to a recent report by MagnifyMoney that’s based on an analysis… Continue Reading…

Stocks

“Netflix stock plunges 37% on shocking subscriber loss”

“Shares of Netflix plunged 37% Wednesday morning after the streamer reported earnings Tuesday evening that showed it lost subscribers for the first time in more than ten years. The results and weak outlook led to a wave of downgrades from Wall Street over fears… Continue Reading…

Economy, Personal Finance

“42% of women investors say they got started during the pandemic, survey shows”

“…Roughly 2 in 5 (42%) current female investors took the plunge either in 2020 or 2021, according to a recent survey from social investing app eToro. And half of all women said they have become more interested in investing during the… Continue Reading…

Economy, Personal Finance

“25% of Americans felt financially stressed all the time last year, CNBC + Acorns Invest in You survey found”

“…One-quarter of Americans said that they felt financially stressed all the time last year, according to a CNBC + Acorns Invest in You survey, conducted by Momentive. The online survey of nearly 4,000 adults was conducted March 23-24.   Another 41% said… Continue Reading…

Economy

“…40% of recent job switchers are again looking for a new position, survey finds”

“Two of every five workers who switched jobs over the past year are looking for work again, according to a new survey published by Grant Thornton, a consulting firm. These workers will likely account for a good deal of churn… Continue Reading…

Economy

“52% of women, ages 50 and up, say the economy isn’t working well for them…”

“…they’re not happy with the economy, according to new research from AARP in partnership with pollsters Celinda Lake, Christine Matthews, Kristen Soltis Anderson and Margie Omero. Their recent poll found 52% of women in this age cohort say the economy… Continue Reading…

Economy

“Newsom urged Californians to cut water use by 15%. In February they saved less than 1%

“Total water usage in California cities and towns decreased by just half a percent in February compared with the same month in 2020, a far cry from Gov. Gavin Newsom’s goal of reducing urban water use by 15%… Newsom in… Continue Reading…

Real Estate

“Surging interest rates push mortgage demand down more than 40% from a year ago”

“…Total mortgage application volume fell another 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was down 41% from the same week one year ago. The average contract interest rate for… Continue Reading…