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Financial Progress

All articles tagged with #financial progress

business-finance2 years ago•2 min saved

"AT&T's Mixed Earnings: Subscriber Beats and 2024 Guidance Misses"

AT&T's stock initially rallied after posting strong wireless subscriber numbers and revenue growth, but slipped as it missed earnings per share expectations. While the company's wireless and fiber additions exceeded analyst estimates, its business wireline segment underperformed. Despite concerns about competitive intensity and secular headwinds, analysts remain optimistic about AT&T's financial progress, citing its free cash flow and revenue outlook for 2024.

via MarketWatch|

#atandt #business-finance #earnings

economy2 years ago•5 min saved

Pandemic Sparks Surge in American Household Wealth and Widens Income Inequality

American families experienced the largest jump in their wealth on record between 2019 and 2022, according to Federal Reserve data. Rising stock indexes, climbing home prices, and government stimulus contributed to a 37% increase in median net worth, the biggest jump since 1989. Median family income also increased by 3% during this period. While income gains were most pronounced for the affluent, the data showed that Americans across the board made financial progress, with savings rising and credit card balances falling. However, income and wealth gaps persist across racial groups, with Black and Hispanic families seeing the largest percentage gains in net worth during the pandemic period.

via The New York Times|

#american-household-wealth #economy #federal-reserve