AMC plunges after theater company announces capital raise

AMC Movie theatre Scott Mlyn | CNBC AMC Entertainment‘s stock fell swiftly on Thursday after the company announced a new $110 million capital raise and a proposed reverse stock split that will require shareholder approval. The shares were halted briefly after the opening bell as AMC hit a new 52-week low. The company said it … Read more

Out of cash, many Americans add to their credit card debt during the holidays

Rebecca Moore really wanted to enjoy the holidays this year and go “all out” for friends and family. “For me, that meant spending money on quality, thoughtful gifts,” said the 32-year-old digital marketer from New York City. “Problem is, the ‘quality, thoughtful gifts’ I ended up buying cost me more than I budgeted for, so … Read more

The US economy grew much faster than previously thought in the third quarter

New York CNN  —  America’s economy grew much faster than previously thought in the third quarter, a sign that the Federal Reserve’s battle to cool the economy to fight inflation t is having only limited impact. The Commerce Department’s final reading Thursday morning showed gross domestic product, the broadest measure of the US economy, grew … Read more

Opinion: Putting the housing market into perspective

2022 has been filled with discussions on homeownership affordability challenges for good reason. The challenges buyers face today are significant: higher interest rates, higher home prices, historically low inventory, increasing costs for labor and materials and supply chain challenges. On the surface, these factors might make the outlook for the housing market look bleak, particularly … Read more

These Tesla Drivers Are Done With Elon Musk’s Twitter Drama

Heather decided she was done when Elon Musk posted vitriolic attacks on Dr. Anthony Fauci, one of the world’s most respected immunologists and outgoing director of the National Institute of Allergy and Infectious Diseases. For Logan, it was when Musk ordered employees to stop paying Twitter’s bills to vendors for services they’d already rendered. For Tom, … Read more

Emergency savings proposals in Secure 2.0 may boost financial security

Coming up with the cash to cover an unexpected emergency expense can be a challenge for many individuals and families. Studies show an unexpected expense of even $400 may prompt people to borrow to cover the cost. When faced with such bills, workers may be tempted to tap their retirement savings accounts. related investing news … Read more

CarMax, Micron, Under Armour and others

Check out the companies making headlines before the bell: CarMax (KMX) – The auto retailer’s stock slumped 12.7% in the premarket after its quarterly profit and revenue fell well short of estimates. CarMax earned 24 cents per share, compared with a consensus estimate of 70 cents, and its comparable used-vehicle sales were down 22.4% versus … Read more

Americans’ personal savings rate nears all-time low, economic analysis shows

7 ways to keep your finances strong amid the COVID-19 pandemic Adjusting your budget and minimizing credit card debt are essential. The rate at which Americans are saving money has dipped close to an all-time low, a new report shows. According to the U.S. Bureau of Economic Analysis, the personal savings rate dropped to 2.3% … Read more