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New research from the Federal Reserve Bank of New York shows stark differences between age groups.
It comes as other major banks cut their rates this week.
Its stock price has plunged 88 percent from its all-time high in 2015
It was a massive night for Kiwis across the country, with some major wins.
A group of Kiwis is at the cutting edge of caffeine.
There's also $1 million waiting to be won in the first division, and $300,000 available in Strike.
The Rangiora man is before the courts on multiple illegal gambling offences.
His tenure has been characterised by restructurings, unsuccessful ventures, asset writedowns and erratic earnings.
Fonterra is looking to sell the consumer portion of the business.
Wednesday night's Strike draw wasn't won by a single ticket, so it rolled down to the next division.
The White House released the documents on Wednesday.
It's a major change in direction for the dairy giant.
The major prize - Powerball - wasn't stuck, meaning the jackpot for Saturday night is $23 million.
"We intend to do as much as we can to take the pressure off our existing homeowners and prospective home buyers."
"If we look at spending now on a per-person basis, it's actually as bad - or if not worse - as it was during the GFC."
Business and consumer confidence is 'dire' but persistent inflation means OCR unlikely to change.
It's going to be a long winter grind for the economy, Westpac warns.
Residential property values have largely plateaued in recent months.
BNZ and Kiwibank have dropped their interest rates to bring them into line with other banks as inflation expectations fall.
The Reserve Bank is expected to hold the official cash rate at 5.5 percent next week.
IRD is holding millions of dollars in unclaimed funds.
Powerball was not struck and has rolled over to Wednesday night, where the jackpot will be $20 million.
"There's definitely more candidates than there are job opportunities."
“We missed the mark with this video, and we’re sorry.” Apple apologises after facing backlash over ipad ad.
"A win like this doesn't come by often."
Several Kiwis are disappointed after discovering they weren't the lucky ones
But relief could be on the horizon.
The Ministry of Social Development says a change in its funding model means fewer budgeting organisations will get funding.
New Zealand's largest bank has reported a flat six-monthly profit of $1,155 million.
Finance Minister Nicola Willis says the report reinforces the Government's policy to control spending.
The telco is blaming private and public sector spending cuts and cost-of-living pressures.
Several Kiwis will be jumping up and down after a night of big wins.
Macquarie Bank customers won't be able to withdraw or deposit cash or cheques later this month.
They weren't the only winners on Wednesday night, though.
"What it likely did was give the market a bit of dose of reality."
It comes after 230 companies failed in March.
Here's the latest data.
The Reserve Bank's Financial Stability Report says the system is well placed to handle "severe scenarios" and impacts of interest rates "more benign than expected".
New research shows renters are feeling the strain acutely.
The national average property value was $933,633 last month.
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