Hertz Restating Results, Probe Finds $87M in Errors

The video discusses a rise in retail sales and increased consumer confidence due to lower gasoline prices and higher stock and home values. It also covers a rental company's accounting issues, leading to financial restatements and cost-cutting measures. Additionally, NBA Commissioner Adam Silver proposes legalizing sports betting, urging Congress to create a framework for states to permit gambling.

What was the percentage increase in retail sales last month?

• 0.7%

• 0.5%

• 0.3%

• 0.1%

Which factors are mentioned as boosting consumer confidence?

• Higher taxes and lower wages

• Decreased housing prices and interest rates

• Increased unemployment and inflation

• Lower gasoline prices and higher stock values

What financial issue is the rental company facing?

• A sudden increase in stock prices

• An increase in rental prices

• A need to restate financial statements for the past three years

• A decrease in consumer demand

How much does the rental company plan to cut in costs?

• $50 million

• $75 million

• $100 million

• $150 million

What does NBA Commissioner Adam Silver propose regarding sports betting?

• To ban all forms of sports betting

• To allow betting only on college sports

• To legalize betting on professional sports

• To restrict betting to online platforms