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Economy, Stocks

“Dow closes at record high as Disney pops more than 7%”

“The Dow Jones Industrial Average hit an all-time high on Wednesday as Disney shares popped while investors digested testimony from the top-ranking Federal Reserve official.  The 30-stock average closed 92.10 points higher, or 0.3% at 27,783.59, notching intraday and closing records. Disney jumped 7.4%… Continue Reading…

Banking, Economy

“Fed to Cut Three More Times as Economy Is Rolling Over: Chandler”

“Marc Chandler, chief market strategist at Bannockburn, discusses his expectation for three more interest rate cuts by the Federal Reserve and the state of the U.S. dollar. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)…” https://www.bloomberg.com/news/videos/2019-10-28/fed-to-cut-three-more-times-as-economy-is-rolling-over-chandler-video If you click the link… Continue Reading…

Economy

“Biggest US cities losing hundreds of workers every day, and even more should be fleeing”

“Among the reasons? Skyrocketing housing costs, pricey child care, the crowds and relentless traffic. Sometimes the local culture isn’t a fit or they want to be nearer to family. Unfortunately many workers would love to leave the cities behind but need to… Continue Reading…

Business, Economy

“More Companies Turning To The 4-Day Work Week To Entice New Employees, Report Finds”

“With unemployment at historic lows, many companies around the country are attracting employees with all kinds of perks. One that’s gaining popularity: the four-day work week. A report from the Society for Human Resource Management reveals 27 percent of companies nationwide… Continue Reading…

Business, Economy

“Americans Spent More on Taxes in 2018 Than on Food, Clothing and Health Care Combined”

“Americans on average spent more on taxes in 2018 than they did on the basic necessities of food, clothing and health care combined, according to the Bureau of Labor Statistics Consumer Expenditure Survey… In 2018, according to Table R-1, American consumer… Continue Reading…

Banking, Economy, Stocks

“Stocks making the biggest moves premarket: Viacom, Facebook, Caesars, Tesla, GM, Fitbit & more”

“Viacom – Viacom bought the exclusive cable TV rights to the hit sitcom “Seinfeld” from Sony Pictures Entertainment, beginning in October 2021. Netflix had recently acquired the global streaming rights to “Seinfeld.”… Caesars Entertainment – Caesars announced the sale of its Rio hotel and casino in Las Vegas… Continue Reading…

Personal Finance

More Than Half Of American Parents Went Over Their Summer Budgets

“A new survey from TD Ameritrade finds that 52% of parents with children under 18 spent more than they intended to this summer. The average summer debt for those parents is $1,960 this year. That compares with just $563 for… Continue Reading…

Business, Economy

“Apple TV+ spending more than $6 billion on new shows, plans to launch before Disney+: report”

” Apple Inc. AAPL, +1.60% has committed to spending more than $6 billion on original content for its upcoming streaming-video service, which it expects to launch within two months, the Financial Times reported Monday. … Bloomberg News report Monday said Apple is weighing a price of $9.99… Continue Reading…

Economy, Investing, Personal Finance

2-Year Treasury Notes Are More Profitable Than 10-year [For The Time Being]

“The yield on U.S. 30-year bond also turned heads on Wall Street during Wednesday’s session as it fell to an all-time low, dropping past its prior record notched in summer 2016. The two historic moves coming in tandem show that… Continue Reading…

Banking, Business, Stocks

“Deutsche Bank shares slump more than 7% as lender gets ready for major overhaul”

“Deutsche Bank shares slumped more than 7 percent as the German lender announced a mass restructuring program over the weekend. In one of its boldest overhauls, the bank will see 18,000 jobs cut by 2022 and the closure of its global… Continue Reading…