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Walgreens Tops Second Quarter Forecasts

Walgreens delivered a better-than-expected fiscal second quarter and smaller loss a month after announcing that it would be bought by a private equity firm. The drugstore chain booked pharmacy sales gains, and its struggling VillageMD clinic business delivered a smaller balance sheet hit in the recently concluded quarter. Overall, Walgreens said Tuesday that it lost $2.85 billion compared to a $5.91 billion loss in the previous year’s quarter. Adjusted results not counting one-time items totaled 63 cents per share in the most recent quarter. Sales grew 4% to $38.59 ...

Publishers Clearing House, Known For Its ‘Prize Patrol’ Sweepstakes, Files For Bankruptcy

NEW YORK (AP) — Publishers Clearing House, a decades-old marketing and sweepstakes company known for doling out large “Prize Patrol” checks, has filed for Chapter 11 bankruptcy protection. In an announcement this week, PCH said it was using the bankruptcy process to “finalize a shift away” from its legacy business of direct-mail, retail merchandise and magazine subscriptions. The company is hoping to instead transition to a “pure digital advertising” model, where it will continue to offer free-to-play entertainment and prizes. The Chapter 11 proceedings, filed in New ...

Potential Impact Of Trump’s Trade War On Jobs, Inflation Sends US Consumer Sentiment Plunging

WASHINGTON (AP) — U.S. consumer sentiment plunged in April, the fourth consecutive month of declines, in a seemingly sharp rebuke of President Donald Trump’s trade wars that have fueled anxiety over possible job losses and rising inflation. The preliminary reading of the University of Michigan’s closely watched consumer sentiment index, released Friday, fell 11% on a monthly basis to 50.8, the lowest since the depths of the COVID-19 pandemic. Over the past year, sentiment has tumbled 34%. The decline was “pervasive and unanimous across age, income, education, geographic ...

Buy Or Sell?

NEW YORK (AP) — Much like all the upheaval shaking the world, the huge swings rocking Wall Street may feel far from normal. But, for investing at least, all this is typical. Sharp moves for the U.S. stock market, like its recent 6% drop in just a couple of weeks, happen regularly. ...

How To Roll Over An Old 401(k)

Old 401(k)s are a little like the old clothes in the back of your closet. You know you should do something about them, but there they sit, mostly out of sight and mind. And so it is with your old 401(k). If deciding what to do with an old (k) plan has been on your to-do list for a while, here are the key steps you should take to get it done. Step 1: Check your account value. If your balance in your former employer’s 401(k) plan is over $7,000, you can leave the money behind in the old plan or roll the assets into an IRA or your new employer’s 401(k). But if your balance falls ...

Insider Projects Buyer-Friendly Home Market

LOS ANGELES (AP) — Elevated mortgage rates and rising home prices are freezing out many would-be buyers, keeping the U.S. housing market in a sales slump dating back to 2022. While home sales are off to a soft start this year, it hasn’t been all bad news for home shoppers. The average ...