Families are starting to curb their spending. The reason? Childcare expenses.
There’s one group of Americans that’s missing from the picture of this year’s strong consumer spending: families that pay for childcare. Since May, spending by households that pay for childcare has lagged behind the rest of the population, according to a new report by the Bank of America Institute BAC, +2.90%. Not only have they […]
Walmart WMT stock hits all time high
Customers shop at a Walmart store on May 18, 2023 in Chicago, Illinois. Scott Olson | Getty Images Shares of Walmart touched an all-time high Friday, as investors bet that the discounter will outmatch retail rivals and draw shoppers throughout the holiday season because of its reputation for value. The big-box retailer’s stock hit a […]
Starz to lay off more than 10% of employees
Starz CEO Jeffrey Hirsch Source: Starz Starz, the premium network and streaming service that will soon be its own publicly traded company, is laying off more than 10% of employees and is exiting Australia and the U.K. Starz Chief Executive Officer Jeffrey Hirsch announced the news in an email to staff obtained by CNBC on […]
Sports betting, online casino fuel revenue growth
DraftKings, a fantasy sports website Getty Images The growth of online sports betting and casino gaming across the U.S. has led to soaring revenue for sportsbook companies, but an already crowded race for consumers’ dollars is about to get more competitive. DraftKings, which reported quarterly results that beat Wall Street’s estimates on Thursday, has emerged as […]
Taylor Swift Eras Tour movie sticking around in theaters
Taylor Swift performs onstage during her The Eras Tour concert at Lumen Field in Seattle, Washington, on July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images Taylor Swift is seeking to smash more box office records as her Eras Tour concert film sticks around theaters. Box office analysts initially believed the singer’s […]
Astra defaults on debt agreement, may not be able to raise needed cash
The company’s LV0010 rocket stands on the launchpad at Florida’s Cape Canaveral ahead of the NASA TROPICS-1 mission. Astra Struggling space company Astra disclosed in a securities filing late Friday that it defaulted on a recent debt agreement and may not be able to raise needed cash as funds dwindle. Astra twice last month failed […]
Opinion: Hard to believe, but emerging markets are handling debt better than the U.S.
As finance ministers and central bankers convened in Marrakesh for the International Monetary Fund and World Bank annual meetings last month, they faced an extraordinary confluence of economic and geopolitical calamities: wars in Ukraine and the Middle East, a wave of defaults among low- and lower-middle-income economies, a real-estate-driven slump in China, and a surge in long-term […]
‘Sound of Freedom’ will stream on Amazon Prime Video
Jim Caviezel stars in Angel Studio’s “Sound of Freedom.” Angel Studios Amazon Prime Video has secured the rights to one of the hottest box office releases of 2023 — Angel Studios’ “Sound of Freedom.” The Jim Caviezel-led thriller snared more than $180 million at the domestic box office during its run, outpacing big studio films […]
2-year Treasury yield ends at almost two-month low after Fed delivers another pause
Yields on U.S. government debt ended lower on Wednesday after Federal Reserve officials took no action on interest rates for a second straight meeting. What happened The yield on the 2-year Treasury BX:TMUBMUSD02Y was down 9.8 basis points at 4.971% versus 5.069% on Tuesday. Wednesday’s level is the lowest since Sept. 7, based on 3 […]
Paramount Global PARA stock jumps for second straight day
Tom Ryan, CEO and President of Paramount Streaming, speaks during the LG press conference ahead of the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 4, 2023. Patrick T. Fallon | AFP | Getty Images Paramount stock jumped about 11% Friday, a day after posting another double-digit gain. The media giant released its […]
