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A new wave of e-commerce disruption could close 45,000 retail stores over the next five years, analysts say
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How the NBA's next TV deal could disrupt the media landscape
The NBA is expected to give a slice of its TV package to Amazon's Prime Video, while league stalwart TNT could be left off the roster, in a blow to Warner Bros. Discovery.Los Angeles Times - Entertainment -
Sam Ash Music Stores to Close
The chain, which started with a single shop in Brooklyn in 1924, said it would close all 42 of its locations by the end of July, citing competition from online retailers.The New York Times - Business -
Biden administration says 100,000 new migrants are expected to enroll in 'Obamacare' next year
Roughly 100,000 immigrants who were brought to the U.S. as children are expected to enroll in the Affordable Care Act’s health insurance next yearABC News - Health - Joe Biden -
SPDR Gold Shares Inch Lower Following Jobs Report
Gold prices edged lower, with April’s lower-than-expected jobs gains giving investors hope that the economy is finally cooling down.The Wall Street Journal - World -
May 3, 2024 - US college protests
More than 2,100 people have been arrested on college and university campuses since April 18, as a wave of pro-Palestinian protests ripples across the US.CNN - Top stories -
Sam Ash Music Hunts for Buyer as Stores Close Down, Family Owner Says
Sam Ash Music, the renowned musical-instruments retailer that recently announced plans to shut down all 45 of its stores, is looking for a buyer to keep the chain and its online retail presence going, CEO Richard Ash said.The Wall Street Journal - World -
The mortgage reform that could unleash the next big US stimulus
Freddie Mac wants to enter the secondary home equity loan market in a win-win for the government, Wall Street and consumersFinancial Times - World -
Inside One Record Store Riding the Vinyl-Revival Wave
The Attic, near Pittsburgh, looked like it wasn’t going to survive in the early 2000s. Now it sells all genres to customers young and old.The Wall Street Journal - World -
UN alarm over rightwing laws that could ‘whitewash’ Franco era in Spain
Three UN experts warn proposed ‘harmony laws’ may contravene international human rights standards. New laws proposed by rightwing and far-right regional coalition governments to “whitewash” the Franco dictatorship could contravene international ...The Guardian - World - United Nations -
Amgen’s obesity drug puts stock on pace for best day since 2009 as analysts predict big gains to come
One analyst says Amgen’s stock is in the ”early innings of a large move,” fueled by an experimental obesity drug.MarketWatch - Business
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Move over, meme-stock millennials. Your grandma wants to trade options.
Trading covered-call options on big stashes of stock can earn retirees extra income.MarketWatch - Business -
I’m 62 with no debt and a part-time job. My advisers say keep saving, but my kids say spend — do I go for a Roth 401(k)?
“My salary was never high and I lived a frugal life to accumulate these savings.”MarketWatch - Business -
The U.S. birth rate has never been lower. Here’s what that means for stocks.
Americans aren’t having as many kids, but the economy can handle that — for now.MarketWatch - Business -
What junk? High-yield bonds outperform in a turbulent April
High-yield, or “junk bonds,” outperformed in a turbulent April for financial assetsMarketWatch - Business -
Baby boomers and millennials are robbing Gen Z of a bright financial future
U.S. Treasury’s bond blunder will cost young Americans dearly.MarketWatch - Business