The Ticker

HBO to cut cable cord

HBO is cutting the cord next year and selling its popular streaming video service, HBO Go. as a standalone product, as more Americans choose to watch the Web, not the TV. Viewers longing to see "Game of Thrones," "True Detective" and "Veep" will no longer have to pay big bucks for cable and satellite contracts.

Millions already have cancelled pay-TV subscriptions — up to 10 million U.S. households are currently broadband-only. And about 45 percent of Americans stream television shows at least once a month, according to research firm eMarketer. That number is expected to increase to 53 percent or 175 million people by 2018, it says.

Conn. casinos see decline in revenue

Connecticut's Indian-owned casinos are reporting declines in slot machine betting and revenue in September. Mohegan Sun said yesterday slot machine bets last month totaled $569.6 million, down from $621.5 million in September 2013. Slot revenue was $46.5 million in September, down from nearly 
$50 million a year ago.

Foxwoods Resort Casino said total slot bets were $445.8 million, down from $508.1 million. Slot revenue of $36 million was down from $44.8 million in September 2013.

Walsh launches financial literacy center

Boston Mayor Martin J. Walsh is embarking on a plan to address poverty and income inequality that includes a new financial literacy center for residents.

Walsh announced yesterday the launch of a new city Office of Financial Empowerment to help residents with job searches, training for career development and financial coaching. The office's first two centers will be in Roxbury and in the Financial District. They are being paid for by the United Way and the Local Initiatives Support Corporation.

The mayor's office said 46 percent of Boston households do not have enough savings to live for three months if they face a major life change such as losing a job or a medical crisis. The mayor's office said that for black and Latino households, that figure rises to 
69 percent and 75 percent, respectively.

Today

• Labor Department releases weekly jobless claims.
• Federal Reserve releases industrial production for September.
• Freddie Mac, the mortgage company, releases weekly mortgage rates.
• National Association of Home Builders releases housing market index for October.
• U.S. Treasury releases foreign holdings data for August.
• South Coast Improvement Co. of Marion and Reading, Pa., a design-build general contractor serving New England and the Mid-Atlantic states, announced the hiring of Jared Butler, left, for its business development department in its Northeast region.

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