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78% of Americans are Satisfied with their Financial Well Being

Despite difficult financial markets, geopolitical concerns and a 41-year inflation high, Americans' financial well-being reached its highest level since 2013, according to the Federal Reserve. See:...

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Walmart Expands Drone Delivery to Reach up to 4 Million Households

In need of a fast package of hot dog buns, Hamburger Helper or diapers in under 30 minutes? Don't worry, Walmart has the solution for you. The company announced it will expand its drone delivery...

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Americans Flocked to These 10 Cities Last Year

Americans might be more tempted to move now that remote work policies seem to be ingrained in the new work culture. Moving company Penske said that rental truck demand was incredibly robust in 2021, a...

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Airbnb Revenue Soars 70% With Strong Prospects Ahead — Should You Invest in the Travel Juggernaut Post-Pandemic?

"Despite the ongoing pandemic, the war in Ukraine, and macroeconomic headwinds," Airbnb reported first quarter earnings of $1.5 billion on May 4 -- a 70% increase than pre-pandemic, also exceeding...

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Lyft Overperforms, But Investors Aren't Impressed — Is Stock Salvageable?

Lyft reported first quarter earnings on May 3, with revenue reaching $875.6 million versus $609.0 million in the first quarter of 2021 -- an increase of 44% year-over-year. The worrying guidance the...

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While Overall Weekly Unemployment Claims Were Down, These States Still Saw Large Increases

In the week ending April 23, the advance figure for seasonally adjusted initial unemployment claims was 180,000, a decrease of 5,000 from the previous week's revised level. The previous week's jobless...

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Elon Musk Loses Bid to Free Himself from SEC Tweet Supervision

Being the new owner of Twitter is not protecting Elon Musk from abiding by Securities and Exchange Commission (SEC) rules -- he's stuck with his "Twitter sitter." On April 27, a federal judge denied...

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As Musk's 'MMA Battle for Twitter' Continues, Analysts Say 'Get Out the Popcorn'

In an anticipated move, on April 15, Twitter's board adopted a "poison pill" to counter Elon Musk's hostile bid for the social media platform -- a "rights plan" intended to "enable all shareholders to...

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Continued Weekly Unemployment Claims Decline While New Claims Increase Following Last Week's 54-Year Low

In the week ending April 9, the advance figure for seasonally adjusted initial unemployment claims was slightly up at 185,000, an increase of 18,000 from the previous week's revised level, according...

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Household Income fell in March While Spending Spiked, NY Fed Survey Shows

Reflecting the 41-year inflation high, American consumers' expectations about the economy and personal finance turned bleak in March. Expectations about short-term inflation, home price growth and...

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