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Economy, Real Estate

“Over 4 million Americans are now skipping their mortgage payments”

“Fewer Americans are calling their mortgage servicers to ask for relief from mortgage payments, but the housing industry isn’t out of the woods yet. More than 4.1 million homeowners are in forbearance plans now, according to the latest data from… Continue Reading…

Economy

“Over 4 million Americans are now skipping their mortgage payments”

“More than 4.1 million homeowners are in forbearance plans now, according to the latest data from the Mortgage Bankers Association. While mortgage servicers are still facing stress because of the record deluge of requests for payment relief, signs suggest that… Continue Reading…

Business, Economy

“24 Hour Fitness weighs bankruptcy as coronavirus pushes fitness industry to brink”

“Gym chain 24 Hour Fitness is working with advisors at investment bank Lazard and law firm Weil, Gotshal & Manges to weigh options including a bankruptcy that could come as soon as the next few months, people familiar with the… Continue Reading…

Economy

“Coronavirus pushes annual deficit forecasts toward $4 trillion”

“Independent forecasters now expect this year’s budget deficit to nearly quadruple the pre-coronavirus estimate, reaching nearly $4 trillion. That amount of red ink in a single fiscal year would dwarf the deficit peak of $1.4 trillion during the Great Recession… Continue Reading…

Business, Economy

“Four day work weeks sound too good to be true. These companies make it work”

” Shake Shack recently announced it would test out the idea of a four-day workweek at some of its restaurants on the West Coast. The tests vary by restaurant, but employees work an average of 40 hours in four days with the… Continue Reading…

Economy

“1 in 4 Americans have no plans to retire”

“Nearly one-quarter of Americans say they never plan to retire, according to a poll that suggests a disconnection between individuals’ retirement plans and the realities of aging in the workforce… According to the poll from The Associated Press-NORC Center for… Continue Reading…

Stocks

Q4 2018: “Wheeler REIT plunges 28% after suspending preferred dividends”

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) plunges 28% after the REIT says it won’t pay Q4 dividends on its preferred stock “at this time,” citing its ongoing review of strategic alternatives. Plans to accelerate efforts to reduce short-term, higher-cst debt where accretive… Continue Reading…