Kristen Schwab
๐ค SpeakerAppearances Over Time
Podcast Appearances
The Nasdaq slid almost 1 percent.
The S&P 500 slipped 4 tenths of a percent.
Netflix finally backed out of its showdown with Paramount over the $111 billion purchase of Warner Brothers.
The deal now goes to regulators for approval.
Warner Brothers Discovery lost two and two tenths.
Paramount Skydance reeled in 20 and eight tenths percent.
Netflix jumped 13 and eight tenths percent.
Vons Rose, the yield on the 10-year T-note, dropped to 3.95 percent.
You're listening to Marketplace.
One category that's been keeping inflation sticky is shelter.
It accounts for a third of the consumer price index.
And the latest reading had shelter up 3 percent year over year, higher than the overall rate of inflation.
That's making it harder for people to pay their rent in full at the end of each month.
So some are turning to new lending tools to bridge the gap.
These companies are kind of like Buy Now, Pay Later, but for rent.
Cora Lewis wrote about this for the Associated Press.
Thanks for being here, Cora.
So I think most of us have heard of Buy Now, Pay Later.