U.S. credit-card debt appears to be stubbornly holding near $1 trillion, the Federal Reserve Bank of New York said in its quarterly report on household debt and credit Monday. In the fourth quarter, when credit-card debt tends to rise due to holiday shopping, credit-card balances hit a whopping $986 billion,…
The Internal Revenue Service is the country’s tax collector, but a majority of people like the idea of the agency also becoming a tax preparer that does the job for free, according to a new poll released Monday. In Monday’s poll, 76% of voters said they like the prospect of…
My 34-year-old son is getting married this summer. We have an on-and-off relationship, which is especially complicated by the fact that he was dependent on us financially throughout his 20s. We are bitter that he is ungrateful for the support we gave him. He is bitter because he thinks we…
HEICO Corp. engages in the manufacturing of electronic equipment for the aviation, defense, space, medical, telecommunications, and electronics industries. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support Group segment designs, manufactures, repairs, overhauls, and distributes jet engine and aircraft component replacement parts. The…
The second round of debt-ceiling talks between the White House and top congressional leaders will take place Tuesday, President Joe Biden said Monday. Biden confirmed to reporters that the meeting would take place as he responded to a shouted question while leaving a restaurant in Philadelphia. On Sunday, Biden had…
SYDNEY — Australian gaming technology developer Aristocrat Leisure agreed to pay $1.2 billion for Nasdaq-listed NeoGames. Aristocrat ALL, +2.12% on Monday said that it had offered $29.50 a share in cash and will fund the transaction with its existing cash reserves. NeoGames shares NGMS, +111.76% last traded at $12.84, having…
[]Burger chain Shake Shack inc. is reportedly facing a proxy fight from an activist investor seeking changes to boost the company’s stock price. []The Wall Street Journal reported Sunday that Engaged Capital, which has a roughly 6.6% stake in Shake Shack SHAK, +7.73%, is seeking three board seats and is…
SYDNEY — Newcrest Mining NCM, +1.52% said it has agreed to a $17.5 billion takeover by Newmont NEM, +1.54%, extending a wave of deals in the sector as global miners seek to boost their exposure to metals like copper and gold. Newcrest said on Monday that it recommends shareholders vote…
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China’s central bank kept its key policy rates unchanged Monday as the nation’s banks started to lower deposit rates amid narrowing interest margins. The People’s Bank of China said it kept the one-year medium-term lending facility rate unchanged at 2.75% while injecting 125.00 billion yuan ($17.96 billion) of liquidity via…