Yahoo Finance

Total U.S. household debt levels increased in the first quarter as already stressed credit card borrowers faced rising challenges, a report from the Federal Reserve Bank of New York said. Overall borrowing levels are $3.5 trillion above where they were at the end of 2019, before the onset of the coronavirus pandemic. Credit card balances during the quarter were 13.1.% above the level they stood at a year ago. https://yhoo.it/4anSXZh

Dozens of Red Lobster locations across the US are on the chopping block. Red Lobster has been struggling for some time. With lease and labor costs piling up in recent years, the chain is now reportedly considering filing for bankruptcy. https://yhoo.it/3V14v0b

Home Depot earnings show shoppers are putting their HGTV dreams on hold. It was another quarter of subdued results, as consumers sought out fewer do-it-yourself projects compared to during the pandemic. https://yhoo.it/4bCt0Gf

Curious about the President's decision to increase tariffs on certain Chinese imports? Be sure to check out the exclusive broadcast interview Brian Sozzi and Yahoo Finance hosted with the President earlier today. It's not surprising that this interview is exclusively available on Yahoo Finance as it's the #1 destination for financial news and information online and trusted by tens of millions of everyday investors! https://lnkd.in/guHAT7q5 🗞 Brian Sozzi 🗞 Noemi Esparza (エスパルサ 乃恵美)🗞

In an exclusive interview, Yahoo Finance had the honor of spending time with the President of the United States Joe Biden inside the The White House. What I discussed with the President: ✅ The President’s new targeted tariffs on China.  ✅ The importance of these tariffs on trade.  ✅ The potential impact on US consumers. Our full interview can be watched below and live at 3pm ET. A heartfelt thank you to President Biden for extending the invitation to me and the Yahoo Finance team. https://lnkd.in/e8WQfYPp

Bob Iger is just like you and me — he watches a lot of Netflix. But now, the Disney CEO is talking about it. "Netflix is, in many respects, the gold standard when it comes to streaming," Iger said during the company's quarterly earnings call on May 7. And he's not the only big-shot media exec praising rival platforms either. "Disney itself is a fabulous company," Warner Bros. Discovery CEO David Zaslav piped in on Thursday.  "Obviously, Amazon and Netflix are both incredibly compelling," added WBD streaming chief JB Perrette. Those quotes make one thing clear: The streaming giants have called a truce. Check out my latest for Yahoo Finance, featured in our daily morning newsletter the Morning Brief. Sign up to receive the Brief in your inbox every morning here: https://lnkd.in/eu2bcZJY #streamingwars #disney #netflix #wbd #paramount #bobiger #business

The meme stock craze is back. Wall Street doesn't think it will become anything like 2021, though. I broke down why for Yahoo Finance: https://lnkd.in/eghiZN4X

One thing President Joe Biden has been struggling with is the fact that Americans are still frustrated with stubbornly high inflation. Biden acknowledges that "people are just uncertain" about the economy right now, but he plans to "be steady, stay the course," adding it's "going to take a little more time." https://yhoo.it/3K0cfZN

Yahoo Finance executive editor Brian Sozzi sat down exclusively with President Joe Biden at the White House today to discuss the US economy and his decision to raise tariffs on $18 billion worth of imports from China. "China is fundamentally underwriting their entire industries. They flood a market. They pay whatever it takes to flood it. They make sure to put everybody else out of business and they take over. ... So we're gonna protect the American auto workers. We're going to protect the American steel and American aluminum," Biden told Yahoo Finance. Watch the full interview here: https://lnkd.in/ewEPARGK #yahoofinance #finance #economy #money #markets

Consumers will soon have access to yet another streaming bundle. Comcast CEO Brian Roberts said later this month, the company will launch a new offering that combines its Peacock platform, Netflix, and Apple TV+. The new bundle, referred to as StreamSaver, will be available to customers of Comcast’s broadband internet service. https://yhoo.it/3V0h4Zq