ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
| | |
Good morning! It's Daniel de Visé with your Daily Money, Friday consumer edition. |
Sheila Harrison stopped shopping at Target as soon as she learned the company had rolled back some of its diversity initiatives. She was disappointed and annoyed. |
Harrison plans to participate in the national 24-hour economic blackout that started Friday. She and many others say they are using their wallets to push back against companies they believe have reneged on pledges to support diversity, equity and inclusion programs. |
What's with all these store closures? |
Consumers are going to have fewer places to shop as in-person retail stores continue to close, Betty Lin-Fisher reports. |
This week, Joann became the latest retailer to announce that it will close 800 stores nationwide. That comes on top of other retailers announcing specific location closures, such as JCPenney, Macy's, Big Lots and Kohl's. |
Mortgage rates fall, but homes aren't selling |
Rates for home loans fell to a 10-week low, Andrea Riquier reports, but the housing market is still stalled. |
In the week ending Feb. 27, 30-year fixed-rate mortgages averaged 6.76%, Freddie Mac announced Thursday. That's the sixth straight weekly decline for the popular mortgage product, and its lowest level since before Christmas. |
While most mortgage-market observers began the year believing rates were more likely to rise than fall, the national housing market isn't doing very well, even at the current levels. |
📰 More stories you shouldn't miss 📰 |
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | Some shoppers vow to join economic blackouts and other efforts to push back against companies they believe have reneged on diversity initiatives. | | | | How are shoppers affected when stores close? We talk to several experts. | | | | Mortgage rates keep declining, defying economist expectations, but it's not boosting housing market activity. | | | | The auction results that put Joann's assets under new ownership has been approved as the retailer plans to close its more than 800 stores. | | | | The designer-quality eyewear will be available in the select group of Target stores later this year. See where to find them. | | | | There's an upper limit to how much mass improves safety—and making heavier vehicles lighter might help. | | | | With inflation and interest rates trending up recently, financial experts are flooding the zone with cost-cutting tips. Consumers have had enough. | | | | Forever 21 will be shuttering its Los Angeles headquarters and laying off over 350 people as a potential bankruptcy looms and store closures continue. | | | | The House plan paves the way for $4.5 trillion worth of tax cuts, but it's not yet clear if that will include Trump's proposal to end taxes on tips. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
0 comments:
Post a Comment