SAN FRANCISCO (KRON) — On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon talk about Best Buy, rent-to-own homes and EpiPens.
Investors piled into Best Buy shares after the big-box chain soared past expectations on earnings and profit, potentially scrambling the conventional wisdom on the outlook for electronics sales. The retailer’s stock surged as traders cheered the company’s performance in its fiscal second quarter.
In many communities, housing prices have recovered from the financial crisis. At the bottom end, however, banks have all but stopped making loans for homes worth less than $100,000, leaving millions of people with few options. Rent-to-own agreements reside in a gray area of the law. Most tenants walk away with nothing, having sunk money for rent and repairs into homes they had once hoped to own.
A steep increase in the price of the EpiPen, a lifesaving injection device for people with severe allergies, has sparked outrage among consumers and lawmakers who worry that parents won’t be able to afford the pens for children heading back to school.
Rob Black answers Patrick’s question: How do I manage my portfolio in the time of record highs?