Homeowners are increasingly tapping their equity, taking advantage of big gains following years of soaring housing prices. Some 333,537 home equity loans were taken out by homeowners in the third quarter last year, according to data from TransUnion. That’s about a 47% increase from the same quarter in 2021, the… Read More
Retail sales jump last month as Americans defy inflation and rate hikes
America’s consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in nearly two years, underscoring the economy’s resilience in the face of higher prices and multiple interest rate hikes by the Federal Reserve. The government said Wednesday… Read More
Powerball winner revealed as California man
The winner of November’s record-high $2.04 billion Powerball jackpot was identified in California on Tuesday, the state lottery announced. California Lottery Director Alva Johnson said the winner was a man named Edwin Castro, but released no other information about him. Seniors Start This New “Lung Cleanse” NOW [sponsored] Castro declined… Read More
US inflation slows to 6.4%, but price pressures re-emerge
The pace of consumer price increases eased again in January, the latest sign that the high inflation that has gripped Americans for two years is slowing. At the same time, Tuesday’s consumer price report from the government showed that inflationary pressures in the U.S. economy remain stubborn and are likely… Read More
Super Bowl bucks surprising trend in ratings
Fox was hoping the matchup of two top teams in the Super Bowl and a close game would lead to a record night. Even though Sunday’s game between the Kansas City Chiefs and Philadelphia Eagles came down to a field goal with 8 seconds remaining, Fox fell just short of… Read More
Ted Lerner, Washington Nationals owner, dies at 97
Ted Lerner, the billionaire real estate developer whose family bought the Washington Nationals in 2006, has died, the team announced Monday. He was 97. A Nationals spokesperson said Lerner died Sunday of complications from pneumonia at his home in Chevy Chase, Maryland. Lerner’s group purchased the Nationals from Major League… Read More
Super Bowl ad recap: Celebs, humor, lots of dogs
Advertisers bet big that viewers were turning to the Super Bowl for a comforting escape, and delivered a series of advertisements that relied on familiar celebrity faces, light humor, and plenty of cuddly dogs. This wasn’t a year for edgy humor or experimentation. After the global pandemic, with economic uncertainty… Read More
Spirits surpass beer in share of the market, industry says
Producers of spirits have new bragging rights in the age-old whiskey vs. beer barroom debate. New figures show that spirits surpassed beer for U.S. market-share supremacy, based on supplier revenues, a spirit industry group announced Thursday. Sponsored: Where Should We Mail Your Book? The rise to the top for spirit-makers… Read More
One year after ‘Crypto Bowl,’ crypto ads vanish from big game
How the mighty have fallen. Cryptocurrency companies grabbed the spotlight during the 2022 Super Bowl, with commercials from a handful of newcomers to advertising’s biggest stage: FTX, Coinbase, Crypto.com and eToro. Some marketing experts dubbed it the “Crypto Bowl.” How people achieved an average 123/77 blood pressure in just 28… Read More
California movie producer gets 5 years for prostitution
A California movie producer was sentenced in New York City to the maximum five years in prison Thursday after he admitted operating a high-end prostitution service for seven years, providing women to wealthy clients for up to $15,000 and organizing sex parties in the U.S. and abroad. Dillon Jordan, of… Read More
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