[Yahoo! Finance, Getty Images] Nike (NKE) just stuck a size 12 basketball shoe into the groin of trusted vendor partner Foot Locker (FL) as it seeks to bank even more money from its $150-plus pairs of sneakers. Shares of Foot Locker crashed nearly 35% on Friday — wiping out about $950 […]
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[CNBC] Inflation as gauged by the Fed’s preferred core PCE measure rose 5.2% in January from a year ago. That was the biggest rise since April 1983. Consumer spending popped 2.1% for the month, considerably more than the 1.6% estimate. Orders for durable goods reflected the buoyant spending, rising 1.6% […]
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[Markets Insider, Reuters] Investors should “sell the rips” in the stock market as the Fed raises interest rates into a bear market, Bank of America said on Friday. The bank observed that 76% of the Nasdaq and 51% of the S&P 500 have entered bear market territory. “We believe bull […]
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[CNN Business] Over the past 12 months, US consumer prices rose by 7.5%, the highest rate in nearly 40 years. Worse, inflation is showing no signs of slowing.The Federal Reserve typically fights inflation by raising interest rates, which slows the economy by reducing the demand for goods and services. Ideally, the rate […]
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[CNBC, Getty Images] Food and beverage giants say consumers aren’t balking yet at paying more for their Lay’s chips and Tyson chicken nuggets. But those comments preceded the Russian invasion of Ukraine, which has already led to surging prices for oil and gas, metals and grains. Walmart said earlier this […]
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[Eating Well, Adobe Stock / JHVEPhoto] With St. Patrick’s Day, March Madness and warmer weather on the horizon, we had high hopes for the Aldi Finds for the month ahead. It’s tough to top January’s whole-wheat protein waffles and February’s wildly-affordable lobster tails, but the supermarket has us so inspired this month, we’re […]
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[CNBC, martin-dm] Investors pulled $134 billion from money market funds in January, the category’s highest recorded monthly exodus in more than a decade, according to Morningstar. Taxable and municipal bond funds also saw a monthly outflow in January for the first time since March 2020. Investors appear to be reacting […]
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[MarketWatch, Getty Images/iStock] Rents skyrocket as markets ‘make up for lost time’ — putting some Americans at a severe disadvantage When it comes to rental rates, it’s definitely not 2020 anymore. The cost to rent a home is rising at the fastest clip in years, as landlords bounce back from […]
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[Benzinga] Major coins dropped Wednesday evening as the geopolitical situation in Eastern Europe worsened. The global cryptocurrency market cap fell 2.9% to $1.8 trillion at press time. Price Performance Of Major Coins COIN 24-HOUR 7-DAY PRICE Bitcoin (CRYPTO: BTC) -3.5% -16.2% $36,895.50 Ethereum (CRYPTO: ETH) -2.4% -17.8% $2,569.59 Dogecoin (CRYPTO: DOGE) -3.8% -19.7% $0.13 Top […]
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[ESPN, PWCC Marketplace] A Kobe Bryant card was sold privately last week for $2 million, PWCC Marketplace announced Tuesday, the highest a Bryant card has ever brought. The sale is notable in that the card — a 1997-98 Metal Universe Precious Metal Gems Emerald — is not a rookie card, […]
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