Costco is cracking down on shoppers that borrow a friend of family’s membership card at checkout.The crackdown comes just a few weeks after Netflix started to nudge password sharers to start paying for its service.Wall Street is upbeat about the change, with one analyst telling Insider that the crackdown should help boost Costco’s growth. Loading… Continue reading Costco is taking a page out of Netflix’s playbook and cracking down on shared membership cards. Wall Street is thrilled.
China’s economic recovery is ‘doomed to fail’ as Beijing shifts away from investment, think tank experts say
China’s economic recovery is practically doomed, experts from the Council of Foreign Relations said in an op-ed. The Chinese government has launched a plan for consumption-led growth, meaning the nation will shift away from investment. But that’s likely to ispark intense backlash, experts warned. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading China’s economic recovery is ‘doomed to fail’ as Beijing shifts away from investment, think tank experts say
Here’s the real reason why Americans feel lousy about the economy despite a strong job market
Despite a strong labor market, Americans have felt pretty downbeat about the state of the economy. A recent economic paper found that this discontent stems from inflation outpacing wage gains. Since the pandemic, the impact of unemployment on Americans’ sentiment fell significantly. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Here’s the real reason why Americans feel lousy about the economy despite a strong job market
5 Special Situation Stocks for Growth & Income
Investors should consider special situation stocks for their ability to create growth and income opportunities. Most investing is sector-driven. Even the S&P 500 is divided into 11 neat sectors, and most of Wall Street is preoccupied with which sectors they think investors should underweight and overweight at any given time. Overweight energy stocks when oil… Continue reading 5 Special Situation Stocks for Growth & Income
Stock Market Today: Dow Snaps Losing Streak on Strong Economic Data
A slow start for stocks Tuesday turned into a sprint for the fine finish, with all three indexes posting solid gains amid an onslaught of better-than-expected economic reports. Still, not all of the day’s price action was positive, with one electric vehicle (EV) stock plunging on bankruptcy news. Ahead of the opening bell, the Census… Continue reading Stock Market Today: Dow Snaps Losing Streak on Strong Economic Data
A flood of housing inventory will hit the market once mortgage rates hit this key level, Compass CEO says
The housing market will see a flood of inventory once mortgage rates hit 5%, according to Compass CEO Robert Reffkin. Inventory is tight now as 70% of homeowners are locked into mortgage rates below 4%, leaving many hesitant to sell. The average rate on the 30-year fixed mortgage slipped to 6.67% the past week. Loading… Continue reading A flood of housing inventory will hit the market once mortgage rates hit this key level, Compass CEO says
BlackRock says these 5 ‘mega forces’ are about to change how to invest
BlackRock highlighted five mega-trends to watch for in its mid-year report. These include AI, energy transitions, an aging population, and geopolitical tensions. Concerning AI, the firm sees data-heavy companies as underappreciated winners. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. BlackRock, the… Continue reading BlackRock says these 5 ‘mega forces’ are about to change how to invest
Apple is set to soar past a $3 trillion market cap, and the tech giant could be worth $4 trillion by 2025, Wedbush says
Apple could soar past its $3 trillion valuation and hit $4 trillion by 2025, Wedbush said. Analysts expected double-digit revenue growth thanks to the iPhone 15 and Vision Pro developments. Wedbush maintained its outperform rating and $220 price target on Apple stock. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Apple is set to soar past a $3 trillion market cap, and the tech giant could be worth $4 trillion by 2025, Wedbush says
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