Latest Financial performance News
Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising
LOS ANGELES (AP) — The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. Sales of previously occupied U.S. homes fell 4.3% in March from the previous month to a seasonally adjusted annual rate of 4.19...
Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful
NEW YORK (AP) — Americans boosted spending at a hotter-than-expected pace in March, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges. Retail sales rose 0.7% last month — almost double what economists had forecast — after...
Atlantic City casinos were less profitable in 2023, even with online help
ATLANTIC CITY, N.J. (AP) — Atlantic City's casinos were less profitable in 2023 than they were a year earlier, even with help from the state's booming online gambling market. Figures released Monday by the New Jersey Division of Gaming Enforcement show the nine casinos collectively...
US first-quarter auto sales grew 5.1% despite high interest rates, but EV growth slows further
DETROIT (AP) — New vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high interest rates. But electric vehicle sales growth slowed during the first three months of the year, with mainstream buyers wary of limited range and a lack of charging...
Disney shareholders back CEO Iger, rebuff activists who wanted to shake up the company
SAN FRANCISCO (AP) — Disney shareholders have rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney Chief Financial Officer Jay Rasulo, who had sought seats on the company’s board. The company had...
Rise in taxable value of homes in Georgia would be capped if voters approve
ATLANTA (AP) — Georgia lawmakers gave final approval Thursday to a package of legislation they hope will limit property tax increases, in what could be Republicans' signature tax cutting effort of the 2024 session. The measures include a state constitutional amendment that will...
MyPillow, owned by election denier Mike Lindell, formally evicted from Minnesota warehouse
ST. PAUL, Minn. (AP) — A court ordered the eviction Wednesday of MyPillow from a suburban Minneapolis warehouse that it formerly used, but company founder and prominent election denier Mike Lindell said that it's just a formality because the landlord wants to take the property back. ...
Retirees: Is it time to downsize, even in this real estate market?
Your home is your sanctuary, but it’s also one of your biggest budget items. And after you retire, it may feel like more house than you need. But in this housing market, when a smaller home with upgraded features may be about as expensive as the one you’re selling, is it still smart to...
Millennial Money: Installment plans for rent divide up payments, but drive up costs
In January, I received an email from my apartment complex saying that I could now divide my monthly rent into two payments via a product called Flex. I would make the first payment on the first of the month, but I could choose when to make the second payment. According to the email,...
Japan's Nissan promises aggressive electrification push to cut costs, boost global sales
TOKYO (AP) — Nissan will expand its electric vehicle lineup, develop more powerful batteries and cut production costs, while speeding up the whole process, in what the Japanese automaker’s chief called “The Arc” pathway to higher sales by 2030. “The auto industry is now...
