These are the headlines you Need 2 Know for Thursday, January 23, 2020:
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The Pandemic Widened the Racial Wealth Gap, Despite Income Gains
The pandemic yielded government financial support and (eventually) a surprisingly strong job market — but racial wealth disparities grew. Why is it so difficult to close the wealth gap?
Less Is More? Consumers Have Fewer Choices as Brands Focus on Best Sellers
Plenty of retailers and suppliers are reducing the variety of their offerings to focus instead on what they think will sell best. Many businesses have decided less is better, justifying their limited selection by asserting shoppers don’t want so much choice.
Super Bowl LVIII Cements the Kansas City Chiefs Dynasty
Joe Pompliano, author of the Huddle Up newsletter, breaks down the biggest moments from Super Bowl LVIII, from potentially record-breaking viewership to Taylor Swift’s highly anticipated appearance.
The Connection Between Interest Rates and Regional Banks
David Wright, President and owner of Wright Financial Group, shares his thoughts on why the Federal Reserve seems hesitant to cut rates, and why regional bank stocks could help move the needle.
Top 2024 Travel Trends Driving Demand
Tim Hentschel, CEO and Co-Founder of HotelPlanner, breaks down his predictions for the biggest travel trends of 2024.
What's New With Disney: Sports, Streaming, and Fortnite
Disney and Fortnite-maker Epic Games will collab on making new video games with Disney characters. Hopefully it will be more than Mickey Mouse hitting the Griddy.
Most Homebuyers Want to Move to This California City
Find out the cities most people are moving to (and moving out of).
Record Cocoa Prices Heading Into Valentines Day Proves to be a Headache for Hershey
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs, leading to increased prices for chocolate. The company anticipates its full-year earnings per share being relatively flat, partly due to higher cocoa and sugar costs.
Prince Harry Settles a Tabloid Phone Hacking Claim
Prince Harry has reached an out-of-court settlement with a tabloid newspaper publisher that invaded his privacy with phone hacking and other illegal snooping. Attorney David Sherborne said that Mirror Group Newspapers had agreed to pay Harry’ “substantial” costs and damages.
