Wealthier people aren’t splurging the way they used to. ‘They are losing steam.’
People who make over $100,000 are finally joining the cut-back club, new data show Source link...
MARKET
Kamala Harris has one thing many Americans covet: an ultralow mortgage rate
Six in 10 homeowners with a mortgage — including these two politicians — have a mortgage rate below 4%. Source link...
Lineage leads busy day for IPOs with a strong price and increased number of shares
Chilled-warehouse company raised $4.4 billion in the largest IPO so far this year. Source link...
Oil prices fall after another China rate cut underlines demand worries
Oil futures fell Thursday, pulling U.S. and global benchmark prices to their lowest in more than six weeks, after China’s central bank delivered another cut to interest rates, underlining worries about demand from the world’s second largest crude consumer. Source...
Learning-management-software company Instructure to go private in $4.8 billion deal
KKR is paying $23.60 per share for the Salt Lake City-based company. Source link...
NYCB stock drops on steeper-than-expected losses on office and multi-family loans
New York Community Bancorp’s stock fell 6% in premarket trading after the lender reported a second-quarter loss and larger-than-expected charge-offs mostly on office and multi-family property loans that it doesn’t expect to be paid back. Source link...
Royal Caribbean still seeing ‘very strong’ cruise demand even at record prices
Royal Caribbean reported Thursday quarterly profit that beat expectations and raised its full-year outlook, citing continued strong demand for cruises into next year and increased onboard spending. Source link...
American Airlines’ stock drops toward a 4-year low after a big profit warning
American Airlines’ stock sank Thursday toward the lowest prices seen in four years, after the air carrier warned of a big third-quarter profit miss, citing both company specific and industry challenges. Source link...
Dow’s stock dives as a weak economic recovery leads to rare earnings miss
Shares of Dow Inc. dove toward an eight-month low Thursday, after the materials-science company missed on second-quarter earnings, citing continued weakness in the economy. Source link...
Corporate insiders are dumping stock at the fastest rate in more than a decade
Recession fears envelop leaders on the front lines of the economy. Source link...
