A shopper browses a selection of body boards outside a Five Below store in Bloomington, Illinois, on July 25, 2018.Daniel Acker | Bloomberg | Getty ImagesWhile inflation is showing signs of easing, consumers in the country may still be feeling its effects for quite some time, according to Joel Anderson, CEO of discount retailer Five Below. The executive sees underperformance particularly in the lower-income demographic.”The lower-end customer is really being stretched,” Anderson said on an earnings call with analysts Wednesday. “We’ve got to deliver value, and we’ve got to really display that in how we go to market, and when…
Author: insighter
Many U.S.-based airlines relaxed their change and cancellation policies after the COVID-19 pandemic started and kept them in place when travel regained popularity. But Emirates reverted back to its pre-pandemic policy.International carriers like Emirates have different rules for flight cancellations, and it’s a good idea to familiarize yourself with its policies so you know what to expect in case you need to change your plans.Below are some things you need to know about Emirates’ flight cancellation and refund policy should you have to cancel a flight with the carrier based in Dubai, United Arab Emirates.Can you cancel an Emirates flight?Cancellation…
Some Americans believe real estate is the best long-term investment. If you are among them, real estate investment trusts, or REITs, might be the easiest way to tap the market. About 36% of surveyed Americans ranked real estate as the top long-term investment, more than cited stocks or mutual funds (22%), gold (18%) and savings accounts or certificates of deposits (13%), according to a recent survey by Gallup, a global analytics and advisory firm. Fewer of the surveyed adults believe bonds and cryptocurrency are good investments for the long haul, at 4% and 3%, respectively, the report found.The firm polled 1,001 U.S.…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Shares of GameStop shot to session highs Thursday after meme stock leader “Roaring Kitty” scheduled a livestream on YouTube, which would be his first one in almost four years. Roaring Kitty, whose real name is Keith Gill, set the time for his live chat at noon Friday, which traders speculated would be a bullish discussion about his massive GameStop stake. The investor hosted three-hour livestreams in August 2020 explaining his investing thesis behind his favorite brick-and-mortar video game retailer. GameStop popped more than 40% higher to trade around $46…
Average mortgage rates ebbed this week — a welcome change, but not enough to give home buyers much relief.The average rate on the 30-year fixed-rate mortgage fell to 6.89% in the week ending June 6, according to rates provided to NerdWallet by Zillow. It was a decrease of 13 basis points from the previous week. (A basis point is one one-hundredth of a percentage point.)The drop brings the 30-year fixed rate to about where it was two weeks ago and slightly under May’s monthly average of 7.01%. Home prices may cool offNational home sale prices rose 5.3% year over year…
Investors will be closely watching Federal Reserve Chairman Jerome Powell’s press conference after next week’s rate-setting meeting meeting. Federal Open Market Committee (FOMC) officials are widely expected to hold interest rates steady on June 12, as inflation has stuck well above its 2% target and consumers are proving largely resilient to higher borrowing costs. But with just a few key words at his press conference next week, Powell could still give investors hope that rate cuts are on the way sometime this year, sparking a stock market rally. At least that’s the opinion of Ed Yardeni, the veteran Wall Street…
Steve Bannon, former advisor to President Donald Trump, arrives at the federal courthouse to find out if or when a judge will order him to jail on June 6, 2024 in Washington, DC. Andrew Harnik | Getty ImagesA federal judge in Washington, D.C., at a hearing Thursday ordered former Trump White House aide Steve Bannon to report to jail by July 1 to begin serving a four-month sentence for his criminal contempt of Congress conviction.The order by Judge Carl Nichols came three weeks after federal prosecutors urged him to lift a stay on Bannon’s sentence pending an appeal of his conviction…
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode: Understand the urge to spend money while scrolling on social media and learn strategies to control impulsive purchases.How does social media influence spending habits?What are practical strategies to spend less money while scrolling? Hosts Sean Pyles and Amanda Barroso discuss the psychological tricks of social media and emotional spending to help you understand the subconscious factors that drive your online purchases. Amanda interviews Jillian Knight, a licensed marriage and family therapist and founder of the financial planning firm Her Financial Therapy, about the cycle…
The European Central Bank delivered the interest-rate reduction it’s been flagging for months — moving away from a record high — but stopped short of indicating more may follow. Officials led by President Christine Lagarde lowered the key deposit rate by a quarter-point to 3.75% on Thursday, as expected. Having held it at 4% for nine months, they said the inflation outlook has improved “markedly,” though they’ll “keep policy rates sufficiently restrictive for as long as necessary” after also raising projections for prices. “Are we today moving into a dialing-back phase? I wouldn’t volunteer that,” Lagarde told reporters in Frankfurt.…
A Salesforce corporate logo hangs over the front door of the Salesforce Tower on January 22, 2024, in New York City.Gary Hershorn | Getty ImagesLONDON — Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on the U.K. as a global technology hub.The U.S. software giant said in a statement Thursday that it is opening a more-than-40,000-square-foot facility in London’s Blue Fin Building, which can host over 300 people.It will be used to encourage industry collaboration among tech firms, AI experts, Salesforce partners and customers, the company said, as well as facilitate AI…
The main difference between solar shingles and solar panels is the way they’re mounted. Solar panels are mounted on a roof (or the ground), while solar shingles do double duty as rooftop shingles. Solar shingles generate electricity the same way solar panels do. How solar shingles work, what they’re made of and how they’re installedSolar shingles work the same way solar panels do, but solar shingles look like and function as traditional roof shingles. This means they serve a dual purpose: to generate electricity and to protect your home from the elements. Solar shingles can be made of silicon (the…
US President Donald Trump and Russian President Vladimir Putin arrive for a meeting in Helsinki, on July 16, 2018.Brendan Smialowski | AFP |Getty ImagesRussian President Vladimir Putin lambasted the U.S. judicial system, saying it was being used by former U.S. leader Donald Trump’s political enemies to damage the Republican presidential nominee.”They [the U.S.] are burning themselves from the inside, their state, their political system,” Putin told media editors at the St. Petersburg International Economic Forum on Wednesday.”It is obvious all over the world that the prosecution of Trump, especially in court on charges that were formed on the basis of…