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BC-Money & Markets Extra Digest

April 4, 2019

For the week ending Saturday, April 6, 2019

MONEY MATTERS-CAR SHARING

A growing number of Americans are struggling to make their car payments, but a new crop of companies are offering alternative ways for drivers to get rid of costly vehicles or earn money while their cars would normally sit idle.

THE WEEK IN REVIEW

Kellogg sells Keebler, other brands for $1.3 billion; CVS expands same-day prescription deliveries; Target raises minimum wage to $13 an hour.

QUICK FIX

Some people are better spenders than savers, but while delayed gratification is important for building wealth, it can also backfire.

WIRELESS & CASHLESS

What Apple’s laser-etched, titanium Apple Card lacks in financial perks, it makes up for in novel privacy and security features.

SMALL BUSINESS MONITOR

Buying a franchise allows small business owners to get experience without the risks of coming up with an idea and implementing it.

CENTERPIECE

Hunting unicorns

Silicon Valley “unicorns,” startups worth at least $1 billion, have begun making their way to Wall Street.

MARKET PULSE

Pet owners switching to fresh food for their dogs and cats; Jailed “Pharma Bro” given solitary confinement; Lithuanian traveler gets private flight when no one else buys a ticket

OFF THE CHARTS-SHARE BUYBACKS

U.S. corporations spent a record amount buying back their own shares last year, using 2017’s tax-cut windfall to reward shareholders rather than to invest or expand their businesses.

INSIDER Q&A-AMERICAN PETROLEUM INSTITUTE

Mike Sommers, head of oil and gas industry lobbyist American Petroleum Institute, talks to The Associated Press about the energy industry, climate change, offshore drilling and other issues.

$1,000 DERBY

If you invested $1,000 at the start of this year in various types of stocks, bonds and commodities, how much would you have now?

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