Sarina Trangle's profile photo

Sarina Trangle

New York

Corporate News Reporter at Investopedia

I cover the business side of health care at Newsday. [email protected] 631-327-6553

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Articles

  • Consumers Are a 'Source of Strength' for the US Economy, Capital One CEO Says

    1 day ago | investopedia.com | Sarina Trangle

    Key TakeawaysHow are consumers holding up during an uncertain time? Pretty well, according to Capital One's CEO.

  • Consumer Finances May Be in Better Shape Because They've Cut Back on Spending, BofA Says

    1 day ago | investopedia.com | Sarina Trangle

    Key TakeawaysConsumers appear to be firming up their finances. Across the income spectrum, fewer Americans are carrying a credit card balance and many are shoring up savings and checking balances that were drawn down during higher inflation, Bank of America said Tuesday. The share of Americans with a credit card balance in March fell when compared to the same time last year and in 2019, Bank of America said.

  • These Telecom, Media, and Cable Firms Are 'Most Immune' to Tariffs, Analysts Say

    1 day ago | investopedia.com | Sarina Trangle

    Key TakeawaysDeutsche Bank named a handful of telecom, media, and cable companies it sees as the "most immune" to tariffs in a note published Tuesday. Higher import taxes are expected to shake up the sector, increasing competition for ad revenue, and offering a leg up-through favorable currency exchange rates-to international firms, analysts said.

  • Businesses Look to Their Wealthiest Customers in Uncertain Economy

    2 days ago | investopedia.com | Sarina Trangle

    Key TakeawaysCompanies are leaning on their wealthiest customers. Businesses are hoping affluent Americans' spending will carry them through an economic slowdown. Airlines are relying on "premium" ticket sales, while luxury retailers are optimistic that wealthy households' finances will hold up-and propel them through the current uncertainty. "The high-end cohort-in the past four months-we did not see any difference," said Brunello Cucinelli, founder of an eponymous luxury clothing line.

  • Amazon Stock Gets a Downgrade as Tariff Worries Weigh on Its Shares

    2 days ago | investopedia.com | Sarina Trangle

    Key Takeaways Amazon ( AMZN) shares dropped Monday as brokerage Raymond James downgraded the e-commerce giant's stock. Shares of Amazon were recently off 4%, outpacing broad declines in US stocks. (Read Investopedia's coverage of today's trading here.) Tariff-related uncertainty weighed on the major indexes, and Raymond James analysts in a Monday note said that Wall Street is underestimating how much Amazon's earnings may be pressured by tariffs and its investments in rural deliveries.

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sarinatrangle
sarinatrangle @SarinaTrangle
10 Dec 24

It's that time of year where candle aisles get lit. Bath & Body Works, in particular, gets busy with an annual candle sale that coaxes people out of bed before sunrise, attracts shoppers from abroad and entices people to add to 90-candle collections: https://t.co/fwvNIlzrKb

sarinatrangle
sarinatrangle @SarinaTrangle
26 Sep 24

https://t.co/mjnwNehIMj

sarinatrangle
sarinatrangle @SarinaTrangle
19 Sep 24

Huntington developer Gregory DeRosa sued by investor for alleged fraud https://t.co/nS6lsxueyu