Butter. Hamburgers. Sausages. Pastries, cakes and biscuits from the shop. Oh, and soda – sugary or diet. They are all bad and they all significantly increase our risk of getting dementia. That reports one of the largest and scariest studies ever, involving about 60,000 people in their 40s, 50s and 60s. The study, which involved … Read more
I inherited a house in San Francisco from my aunt. My aunt had rented her basement (probably illegally) to an elderly couple for a few years at a price below market price. I don’t believe there was a lease, and it’s probably against the building code to have tenants in the basement. The couple’s family … Read more
A tumultuous week in US financial markets ended on an uncertain note Friday after a massive $30 billion injection of large bank deposits into First Republic Bank failed to appease investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – concerns about weakness in … Read more
Published: March 17, 2023 at 5:55 PM ET Struggling home goods retailer Bed Bath & Beyond Inc. BBBY said Friday it planned to hold a special meeting where shareholders would vote on whether or not to allow the company to conduct a reverse stock split, should the board decide to do so. Shares plummeted 19% … Read more
Moody’s Investors Service downgraded its First Republic Bank credit rating to junk late Friday, citing a “deterioration in the bank’s financial profile.” FRC of the First Republic, -32.80% Moody’s said its debt rating was downgraded from Baa1 to B2. Fitch Ratings and S&P Global Ratings lowered First Republic Bank’s debt earlier this week. The downgrade … Read more
Last Updated: March 17, 2023 at 11:02 PM ET First published: March 17, 2023 at 10:26 p.m. ET Moody’s Investors Service downgraded its First Republic Bank credit rating to junk late Friday, citing a “deterioration in the bank’s financial profile.” First Republic’s FRC debt rating was downgraded from Baa1 to B2, according to Moody’s. Fitch … Read more
Published: March 17, 2023 at 5:59 PM ET UBS Group AG is in talks to acquire all or part of Credit Suisse Group AG, with their boards meeting separately over the weekend to consider the move, the Financial Times reported late Friday. Swiss regulators are helping the talks as they try to boost confidence in … Read more
Parcel delivery company FedEx Corp. targets more than $4 billion in cost savings in the coming months. But after investors pummeled the stock in September, they catapulted it higher in after-hours trading on Thursday, as efforts to cut costs and keep prices higher began to make their way into the financial sector despite continued weakness … Read more
US stocks could continue to swing wildly in the coming days as option contracts tied to trillions of dollars worth of securities expire on Friday, removing a buffer that some say has helped prevent the S&P 500 index from breaking out of a tight trading range . Options contracts worth $2.8 trillion will expire during … Read more
Published: March 13, 2023 at 11:46 a.m. ET The share of Rivian Automotive Inc. fell more than 3% on Monday following news that the electric vehicle maker and Amazon.com Inc. discuss possible changes to their electric van deal. Citing people familiar with the matter, the Wall Street Journal reported Monday that the companies are in … Read more