February 7, 2024

Markets Now February 7, 2024

Taco Bell and KFC are feeling the pressure from price-conscious consumers

Taco Bell, KFC and Pizza Hut’s parent company is facing the same problem as McDonald’s: Fast food is getting too expensive and eaters are pushing back.  
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New York Community Bank’s stock price is plunging, but that won’t tell you if it’s on the brink of failure. Here’s what will

Some of the very first signs of banking stress in the crisis that unfolded last year were reflected in Silicon Valley Bank, Signature Bank and First Republic Bank’s nosediving share prices. All of them eventually failed.  
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Analysis: US companies are still worried about an economic shock

The US economy appears to be a long way from a recession. The labor market is strong, growth has surpassed estimates and inflation is finally easing. A new CNN poll even shows that the public’s long-held pessimism about the economy is letting up.  
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It’s never been more expensive to be a Disney fan

After a recent trip with her husband and two children to Walt Disney World Resort in Orlando, Florida, Gina Lee said it felt like she had lost “all concept of money and time.”  
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Another accident like Boeing’s door plug blowout could happen again, NTSB chair says

Jennifer Homendy, chair of the National Transportation Safety Board, says that the problem that resulted in a door plug blowing out of a Boeing 737 Max 9 jet minutes into a January 5 flight could happen again.  
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German bank braces for wave of bad loans in ‘greatest real estate crisis since the financial crisis’

Deutsche Pfandbriefbank, or PBB, a German lender focused on real estate, has set aside more money for bad debts as it braces for what it says is the worst decline in commercial property values in 15 years.  
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Source: CNN Business

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