Young woman talking to parents.Getty ImagesGen Z and millennial adults are having a hard time achieving the same milestones their parents did when they first ventured out into the workforce.For instance, 55% of young adult respondents find it is "much harder" to purchase a home, 44% said it is...
Americans now owe $1.08 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York.Credit card balances spiked by $154 billion year over year, notching the largest increase since 1999, the New York Fed found."Credit card balances experienced a large jump...
A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston's Dorchester on Feb. 1, 2021.Jessica Rinaldi | Boston Globe | Getty ImagesPlanet Fitness shares surged double-digits after beating expectations on both lines for the third quarter and raising its outlook for the year.Here's...
In a strategic move to streamline its operations, UBS Group is offloading $5 billion in managed assets from its high-net-worth client portfolio, as it continues to integrate and reevaluate the recent acquisition of Credit Suisse components. According to its latest earnings report released Tuesday Learn more about reprints and licensing for...
Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly."Because of some of the strangeness of this moment, there is the possibility of the golden path ... that we got inflation...
Wonder Group has bought rights to make dishes from popular restaurants and celebrity chefs, such as Bobby Flay and José Andrés. It's also developed high-tech kitchen equipment to speed up and simplify cooking.Wonder GroupFood-delivery company Wonder Group has gotten a cash infusion from Nestle, as the startup looks to...
Check out the companies making headlines in premarket trading Tuesday. Uber — Shares of the ride hailing company rose 2% after Uber's third-quarter gross bookings of $35.3 billion topped the company's guidance of $29 billion to $30 billion. UBS — Shares of the Switzerland-based bank climbed more than 3%...