Articles

Lawmakers want to penalize companies for ‘shrinkflation’ as consumers pay more for smaller packages

Consumer prices are a hot political issue as voters struggle with the rising cost of basic necessities.

AMC’s stock slides after Q4 results, on pace for biggest decline in four months

AMC’s stock, which has hit a series of record lows in 2024, is also set to snap a four-day winning streak.

Mortgage rates hit two-month high ahead of spring home-buying season

The 30-year mortgage rate is averaging at 6.94%, Freddie Mac said in its latest weekly survey on Thursday.

U.S. stocks are off to their best start to a year since 2019 – and the rally is not just about the Magnificent Seven

Beaten-down corners of the stock market also found the spotlight to start 2024.

Doing my mother’s last tax return is the hardest financial task I’ve ever had

Filing a final 1040 is the culmination of a long, difficult run of financial caregiving.

House to vote to avert government shutdown

House lawmakers are preparing to vote Thursday on a measure to prevent a government shutdown, delaying key deadlines and buying themselves more time to finish a bigger funding agreement.

‘Our American dream turned into a nightmare’: I sold my home, but rising interest rates and prices have locked me out of the market. What can I do? 

“The home we sold is now going into foreclosure, but it’s way out of our price range. To say the market is disappointing is an understatement.”

Wall Street’s biggest banks are beating investment-banking revenue estimates

Jefferies analysts chart 13% revenue growth by Bank of America, Citi, JPMorgan, Morgan Stanley and Goldman Sachs, ahead of 10% consensus view.

Pending home sales post biggest drop in five months as mortgage rates rise

U.S. pending home sales fell 4.9% in January, the National Association of Realtors said on Thursday.

Chicago business activity index slumps in February

Index drops to 44, lower than 48 expected

AMC rode the Taylor Swift and Beyoncé wave, but a ‘bumpy 2024’ is now under way, Wedbush says

AMC Entertainment Holdings Inc. enjoyed a boost from Taylor Swift and Beyoncé’s concert films in its fourth-quarter results Wednesday, but the company now faces a “bumpy” year, according to analyst firm Wedbush.

Best Buy’s stock jumps after profit beat, as gaming growth offsets smartphone weakness

Best Buy’s stock got a nice bump Thursday, after the retailer reported quarterly results that beat expectations, as growth in gaming sales helped offset continued pressure on other consumer electronics sales, including smartphones and tablets.
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