Many Americans couldn’t pay $400 in a crunch
May 24, 2019
Thirty-nine percent of Americans would be unable to come up with $400 for an unexpected expense by using cash or a credit card they could pay off quickly, according to a new survey by the Federal Reserve. About 27 percent of people would need to borrow money or sell something to come up with $400, while 12 percent couldn’t pay it off under any circumstance. The good news behind the report is that the 61 percent who could cover an unexpected $400 expense has risen from 50 percent since the survey was started in 2013.
Recent News
Sony and Apollo Bid $26 Billion Cash for Paramount
Sony and Apollo Global Management have jointly made an all-cash offer of $26 billion for Paramount Global, marking a significant development in the ongoing saga of Paramount’s potential merger. The offer, signed by Sony Pictures Chief Executive Tony Vinciquerra and Apollo partner Aaron Sobel, aims to kickstart discussions, though it’s nonbinding.
Apple’s Record-Breaking $110 Billion Stock Buyback
Apple Inc., one of the world’s largest tech companies, has just made history with the largest stock buyback ever seen in the United States. The announcement comes as the tech giant’s board approved an additional $110 billion in share repurchases.
Moderna COVID-19 Vaccine Sales Drop 91%
Moderna’s only product is the vaccine that became popular during the pandemic.
Norwegian Cruise Line: No Clothes, No Problem on ‘The Big Nude Boat’
Clothing-optional vacations from Norwegian Cruise Line will start next year.