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Economy

“Almost half of Americans are holding on to $21 billion in unused gift cards, store credits”

“Even as many people struggle to stretch their incomes amid high inflation, it turns out there’s money they already have they’re probably overlooking — unused gift cards. To that point, 47% of people currently have at least one unused gift card,… Continue Reading…

Stocks

“QuantumScape Stock Isn’t a Buy, but Shares Could Rise Almost 70%. What Gives?”

“J.P. Morgan analyst Jose Asumendi is the latest Street analyst to recommend caution. Wednesday, he launched coverage of QuantumScape (ticker: QS) with a Hold rating on its stock and a $35 price target. It’s a lukewarm rating. Still, QuantumScape stock is having a fine… Continue Reading…

Personal Finance

“Almost half of Americans are willing to take on debt in a post-pandemic spending splurge, survey finds”

“Americans are ready to start spending money to treat themselves — and 44% are willing to go into debt to do it, a report from CreditCards.com finds. Millennials, ages 24-40, are most likely to take on more debt (59%) followed by Gen… Continue Reading…

Cryptocurrencies

“$1 Dogecoin looks almost inevitable now”

“Dogecoin continued its recent surge Wednesday, hitting new all-time highs and making even the most skeptical admit that the vaulted $1 price goal is looking more and more achievable. The cryptocurrency that no one was meant to take seriously spiked to just… Continue Reading…

Economy

“Historic Oil Glut Amassed During the Pandemic Has Almost Gone”

“The unprecedented oil inventory glut that amassed during the coronavirus pandemic is almost gone, underpinning a price recovery that’s rescuing producers but vexing consumers. Barely a fifth of the surplus that flooded into the storage tanks of developed economies when… Continue Reading…

Economy

“Almost 40% of Americans plan to spend less this holiday season…”

“Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according to the CNBC All-America Economic Survey. Just 11% plan to spend more… The average American plans… Continue Reading…

Stocks

“Stitch Fix shares rise nearly 50% in early trading after yesterday’s earnings beat”

“Shares of the company’s stock were up $16.86, or 47.05%, in early trading on the Nasdaq stock exchange. For the company’s fiscal first quarter, which ends Oct. 31, Stitch Fix reported earnings of 9 cents a share. The company booked $490.4 million… Continue Reading…

Economy

“Almost 30 Million in U.S. Didn’t Have Enough to Eat Last Week”

“Food insecurity for U.S. households last week reached its highest reported level since the Census Bureau started tracking the data in May, with almost 30 million Americans reporting that they’d not had enough to eat at some point in the… Continue Reading…

Economy

“Nearly 39 million have lost jobs in US since virus took hold”

“The number of Americans applying for unemployment benefits in the two months since the coronavirus took hold in the U.S. has swelled to nearly 39 million, the government reported Thursday, even as states from coast to coast gradually reopen their… Continue Reading…

Economy

“Weekly jobless claims total 2.981 million, bringing… tally to 36.5 million”

“New filings for unemployment claims totaled just shy of 3 million for the most recent reporting period, a number that while still high declined for the sixth straight week, according to Labor Department figures Thursday. The total 2.981 million new… Continue Reading…