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Business

“Sony hikes price of aging PlayStation 5 console in Japan by 19%”

“Sony said its suggested retail price for the PlayStation 5 is 79,980 yen, or $553, up 19% from the previous price. The hike will take effect from Sept. 2. Sony cited a challenging external environment, including fluctuations in the global… Continue Reading…

Banking, Stocks

“SoftBank shares tank near 19%, wiping off $4.6 billion from founder Masayoshi Son’s fortune”

“SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son’s fortune. On Monday, Son’s net worth fell by $4.6 billion alone, according to the Forbes real-time billionaires list. Monday’s… Continue Reading…

Business, Stocks

“JetBlue shares tumble nearly 19% after airline lowers 2024 revenue outlook”

“…JetBlue has been on a cost-cutting spree, culling unprofitable routes, and focusing on those with steady demand and high sales for premium seats. The carrier last month called off its merger agreement with budget carrier Spirit Airlines after a judge blocked that $3.8 billion deal… Continue Reading…

Stocks

“Palantir stock jumps 19% as AI demand drives revenue beat”

“Palantir shares surged more than 19% in after-hours trading on Monday after the company reported fourth-quarter earnings that beat analysts’ expectations for revenue. Full-year guidance for 2024 came roughly in line with Wall Street’s estimates… Revenue in the fourth quarter increased 20% to… Continue Reading…

Real Estate

“Mortgage refinance demand jumps 19% after rates hit lowest level since July”

“The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.07% from 7.17%, with points falling to 0.59 from 0.60 (including the origination fee) for loans with a 20% down payment, according… Continue Reading…

Economy, Personal Finance

“Only 19% of Americans increased their emergency savings in 2023. ‘That puts households in a bind,’ expert says”

“Largely due to high inflation and rising interest rates, 81% of adults said they did not contribute to their emergency savings this year, and 60% also said they feel behind when it comes to building a cash cushion, according to a new Bankrate report…”… Continue Reading…

Banking

“Big banks have to raise capital by as much as 19% under proposed US rules”

“US regulators are proposing that big banks increase their capital levels to protect against future blowups following a regional banking crisis, one of the most sweeping overhauls of how lenders are regulated since the 2008 financial crisis… …Agency officials said… Continue Reading…

Economy

“67% of pandemic ‘boomerang kids’ are still living with mom and dad”

“At the height of the Covid pandemic, many young adults moved back in with mom and dad. It was an unprecedented moment of uncertainty; college campuses were closed, and jobs were scarce. More than two years later, 67% of millennials… Continue Reading…

Economy

“The [Lockdowns] created a new billionaire every 30 hours as millions brace for extreme poverty”

“Oxfam International has a new report out today that highlights the rapidly widening gap between the few ultra-rich and the world’s poorest. The report, titled “Profiting from Pain,” found that during the first two years of the pandemic, a new billionaire was… Continue Reading…

Economy

“Washington state projected to get $3.2 billion more in taxes as economy brightens amid COVID-19 recovery”

“Washington’s state tax collections are roaring back, with an estimated additional $3.2 billion projected through 2023 as parts of the economy brighten and people get vaccinated amid the COVID-19 pandemic. Wednesday’s projections by the state Economic and Revenue Forecast Council… Continue Reading…