Business
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How does Apple’s Pay Later work, and should you use it?
This article is reprinted by permission from NerdWallet. Apple recently rolled out its hotly anticipated new payment feature, Apple Pay Later. The feature lets users split an eligible purchase into four equal installments with zero interest over the course of six weeks when they check out online or in-app through Apple AAPL, -0.18% Pay. Apple…
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A eulogy for the muscle car
The muscle car died exactly as it wanted. In a blast of tire smoke and squeal, on a race track, burning gasoline so fast it could empty an 18.5-gallon tank in under five minutes. In its final crowning moment, it set a record quarter-mile time for an absurdly cheap cost, measured in dollars per horsepower.…
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Home listings are increasing, but not the kind buyers want, Realtor.com report says
A lack of homes for sale in the U.S. is dragging on the housing market, according to a new report from Realtor.com. Though the number of homes for sale rose, new listings remained scarce in March, according to the company’s March report. The increase in the number of homes for sale is “a reflection of…
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What’s worth streaming in April 2023? There’s almost too much to watch, but here’s where to start.
Feel like there’s just too much to watch these days? You’re not alone. And it’s about to get worse. We’re experiencing an avalanche of prestige television — the single busiest stretch of the year — and it’s all thanks to a tweak in Emmy eligibility rules. This year, in order to qualify for Emmy nominations,…
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U.S. stocks end sharply higher after inflation report, Nasdaq scores best quarter since 2020
U.S. stocks closed sharply higher Friday, following a softer-than-expected inflation report for February. The Nasdaq Composite ended March with its largest quarterly gain since 2020. How stocks traded The Dow Jones Industrial Average DJIA, +1.26% rose 415.12 points, or 1.3%, to close at 33,274.15. The S&P 500 SPX, +1.44% gained 58.48 points, or 1.4%, to…
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Money is moving out of bank accounts, but not necessarily because customers are panicking
But even before the crisis — which is hopefully subsiding — more retail banking customers said they were already pulling cash from their primary bank accounts, according to new information from J.D. Power. While inflation grinds away at account balances, rising interest rates have lured customers to take more of their money out of lower-yielding…
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The S&P 500 has hit a wall, but powerful market forces are shaping up to push it through
The stock market, as measured by the S&P 500 Index SPX, +1.44%, continues to struggle to make headway. The downtrend that began at the beginning of February is still in place. It is a series of lower highs and lower lows on the SPX chart, and the S&P 500 has repeatedly run into resistance at…
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Here are the 20 best performing stocks of March — and the 20 worst
(Updated with closing prices on March 31.) Technology stocks dominated during March, with remarkable gains for a sector that tumbled last year. Meanwhile, two high-profile bank failures took their toll on the financial sector — but maybe that sector performed better than you expected. Below are lists of the month’s best and worst performing stocks…
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How the FDIC has set a ‘baseline’ for troubled commercial real estate
A bank failure can happen in the blink of an eye, but in the case of Silicon Valley Bank, the aftermath is taking longer to play out. And the Federal Deposit Insurance Corp.’s latest action — selling $72 billion of the failed San Francisco bank’s loans to First First Citizens BancShares of Raleigh, N.C., at…
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New Los Angeles ‘mansion tax’ has some sellers racing to close
In the rarified air of luxury Los Angeles real estate, 30 days is a common closing timeline and two weeks would be speedy, explained Billy Rose, who’s guided buyers and sellers through high-end home purchases for years. This week, work for Rose’s brokerage firm, The Agency, included two deals that went to closing in three…