Most Americans say they’re doing OK financially

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 21 May 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stock markets close higher; Americans’ financial well-being remains steady; Layoffs at Pixar; Feds to sell off a gasoline stockpile in the Northeast.

Transcript

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0:00.0	Stocks closed higher. I'm Henry Epe with the Marketplace Minute.
0:04.8	Major stock indexes all ended the day up. The Dow Jones rose nearly two-tenths of a percent.
0:09.8	The S&P 500 gained a quarter of one percent. The NASDAQ climbed over two-tenths of a percent.
0:15.5	A new survey from the Federal Reserve finds Americans' financial well-being didn't change
0:19.6	much last year.
0:20.8	72% of adults said they're either doing okay or living comfortably
0:24.7	about the same as 2022, but rising prices remain a top concern even as the
0:29.6	inflation rate fell. Disney will lay off about 14% of employees at its Pixar
0:34.6	animation division. The company is cutting spending on streaming shows as it looks to
0:38.6	boost profits. Pixar previously added employees to create streaming content, about 175 workers will lose jobs.
0:46.6	The federal government plans to sell off a gasoline stockpile in the northeast.
0:50.4	It was created a decade ago in the wake of shortages caused by Superstorm Sandy, but a spending bill
0:55.4	this year mandated a shutdown.
0:57.1	The government plans to sell the gas before July 4th.
1:00.1	I'm Henry App with the Marketplace Minute.

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