MARKET
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AMC shares hit another record-low close, extending losing streak to five days
AMC Entertainment Holdings Inc. shares ended Friday’s session down 0.3% at a record-low close of $4.07. Shares of the movie-theater chain and original meme-stock darling have hit a series of record lows recently, having ended Thursday’s session at what was then an all-time closing low of $4.08. They traded as high as $4.73 on Monday and went on to shed nearly…
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‘There’s no such thing as a good layoff’: Why the firing process is problematic
At the same time, dismissed employees talk increasingly on social media about how companies could have handled things differently. “I still was given zero notice,” one woman said of her situation on TikTok. “They questioned my character,” another woman complained. Arguably, the most prominent example is Brittany C. Pietsch, who recently went viral on TikTok after sharing the phone call…
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‘I can’t afford to keep paying for two households’: My adult sons live rent-free in my house, while I pay for 50% of utilities in my second husband’s condo
In 2007, my now ex-husband and I bought a home, where we lived as a family with our two boys for just a few years before we divorced in 2009. I refinanced the house in my name, and have paid the mortgage and utilities as a single parent ever since. In 2016, I met and started dating a man. We…
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Discover shares drop as company sets aside an extra $1 billion to guard against souring credit
Shares of Discover Financial Services slid after hours on Wednesday after the credit-card giant reported fourth-quarter profit that missed expectations and said it has set aside more money to cover potentially tougher conditions for consumers. The results are the latest in a bumpy ride over the past several months for Discover DFS, -0.84%, which has dealt with a leadership shake-up…
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U.K. police arrest six people in plan to disrupt London Stock Exchange
Six people are in custody on Sunday as Metropolitan Police detectives investigate a plot to disrupt the London Stock Exchange, authorities said. The police said the arrests were made in Brighton, Liverpool, and London. In a statement, the Metropolitan Police in the U.K. said the allegations are that activists from the Palestine Action group were intending to target the LSE…
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SEC Twitter hack: Here’s how to protect your own account on X
Recent hacks of high-profile accounts on X, formerly Twitter, are putting a spotlight on the social-media platform’s security — and serving as a reminder that every user should take steps to protect their own accounts. The Securities and Exchange Commission and even cybersecurity firm Mandiant have recently seen their X accounts compromised. On Tuesday, the SEC’s account posted a fake tweet about…
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Investors kick off busy week that could set the tone on stocks, crypto in 2024
Sure, stocks weren’t so sure-footed as they started out of the gate for 2024, but the first full trading week of the new year may be the one that sets a tone across markets for the coming year. After all, the question of whether inflation has been tamed — or whether it will stay tamed — remains a crucial one…
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With restaurant prices likely to drop in 2024, here’s why Yum’s stock may be a better buy than McDonald’s
After pandemic lockdowns in 2020 that shuttered many restaurants, followed by price increases throughout 2022 and 2023, Oppenheimer analysts on Friday said 2024 would be a year of “normalization” for the industry, with easing costs and lower prices on menus. However, they said, the cost of dining out will likely stay above historical levels. “Menu pricing across the industry is…
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‘He broke down in tears’: I gave my contractor $100,000, but he used it to pay off his debts. What chance do I have of getting my money back?
I’m in a home-renovation nightmare. My interior designer accepted $100,000 in payments for appliances, cabinets, flooring, fixtures and hardware but never paid the vendors for those items. When confronted he broke down in tears, and confessed that he needed to use the money on other business expenses. Meanwhile, my project is at a standstill and I’m left living in expensive…
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Opinion: Work is more dangerous for young people. Here’s what employers can do about it.
Think about your first job. Maybe it was delivering pizza, bagging groceries, busing tables or doing landscaping work. Did you get enough training to avoid potential injuries? Chances are, you didn’t, and your boss or supervisor just told you to get to work. Employing young people helps them in many ways. They can learn a trade, develop job skills, become more…
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