$9.95 MoviePass’s Ambitious Plan to Disrupt the Movie Theatre Industry MoviePass, a startup founded by an early Netflix executive, is planning to drop the price of its movie ticket subscriptions to $9.95 per month. This ambitious move will allow customers to watch one movie per day at any theatre in the U.S. that accepts debit cards. … Read more
Seventy-eight percent of full-time workers said they live paycheck to paycheck, up from 75 percent last year, according to a recent report from CareerBuilder. overall, 71 percent of all U.S. workers said they’re now in debt, up from 68 percent a year ago, CareerBuilder said. While 46 percent said their debt is manageable, 56 percent … Read more
Robot Workforce is supposedly the new workforce of tomorrow Walmart Store Inc.’s (WMT) store of the future may appear to be scarily devoid of employees. In reality, humans will still work there, but expect to see more robots. In addition to Walmart starting to use 16-foot automated towers to distribute online orders, scan-and-go technology to … Read more
Fifth Third Bank Stock Price Fifth Third (Nasdaq: FITB), Cincinnati’s largest locally based bank and the nation’s 13th-biggest, said it reached a deal to buy back $990 million worth of its own stock from Goldman Sachs & Co., according to a Securities and Exchange Commission filing. Shares in Fifth Third soared 3.5 per cent over … Read more
Emerging Markets See Lowflation for First Time in Fed Rate Cycle? Yet this time, the same dynamic that’s making Fed policy “normalization” a drawn out and gradual affair — stubbornly low increases in consumer prices — is also affecting emerging markets, which more typically find themselves battling to keep inflation low. Part of that is … Read more
JPMorgan Chase ordered to pay measly $4.6 mln over checking account reports; too little too late JPMorgan Chase Fined $4.6 Million for Inaccurate Account Screening Reports. These reports, similar to credit reports, are used by financial institutions to determine if an individual can open an account. Chase’s inadequate procedures for providing accurate information could have … Read more
Corporate Bond Bubble in the making? Investor demand for investment-grade credit is only growing stronger, as evidenced by portfolio managers’ appetite for AT&T’s (T) huge bond sale on Thursday. Originally expected at $15 billion, the deal size was upped Thursday afternoon to $22.5 billion. That makes it the third-largest corporate offering on record, according to … Read more
JPMorgan will soon be using a first-of-its-kind robot to execute trades across its global equities algorithms business, after a European trial of the bank’s new artificial intelligence (AI) programme showed it was much more efficient than traditional methods of buying and selling. The AI — known internally as LOXM — has been used in the … Read more
I was recently talking to a friend of mine who’s an accountant. He has his own accounting firm and lives an upper-class lifestyle in the Chicago suburbs. As he’s an accountant with an additional degree in economics, naturally the conversation veered to the future of the economy. He said he will happily pay for his … Read more
With a slight move lower in consumer price data released Wednesday, the South African Reserve Bank (SARB) is likely to reduce its policy interest rate Thursday, Societe Generale says. SocGen Analyst Phoenix Kalen writes: ” … the reserve bank’s prudently hawkish rhetoric [has been] espoused over many previous rate-setting meetings. However, we believe the balance … Read more
