SHENZHEN, CHINA – MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. General economic slowdown continues in China while the property price and stock bubble faces risk. (Photo by Zhong Zhi/Getty Images) Zhong Zhi | Getty Images News | Getty Images China’s economic challenges have given rise to
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In this article RACE-IT Follow your favorite stocksCREATE FREE ACCOUNT Despite a waiting list of three years for some of its cars, Ferrari’s CEO said the company has no plans to supercharge production to meet demand. “We are a brand that is not looking for volume,” Ferrari CEO Benedetto Vigna told CNBC in an exclusive
Consumers have remained remarkably resilient amid a series interest rate hikes aimed at cooling inflation. However, there are recent signs of a shift. Shoppers are still buying more than last year, but spending growth is slowing as the economy settles down, according to Jack Kleinhenz, the National Retail Federation’s chief economist. “There are ongoing economic
Scott Olson | Getty Images Eight candidates will take the stage for the first Republican presidential debate on Wednesday night — and experts are watching closely for comments on key tax policy issues. “The 800-pound gorilla in the room is the Tax Cuts and Jobs Act and the expiration of all the individual income tax
At least eight Republican presidential hopefuls will take the stage Wednesday night in the first presidential primary debate of the 2024 election cycle—and the future of the U.S. tax code should be one topic that takes center stage. The next occupant of the White House will have to address several critical tax policy issues, from
The moon’s surface is seen below the Chandrayaan-3 spacecraft on August 20, 2023 as it orbited in preparation for landing. ISRO India staked new claim as a national superpower in space on Wednesday, landing its Chandrayaan-3 mission safely on the moon’s unexplored south pole. The Chandrayaan-3 spacecraft launched last month and touched down on the
Abercrombie & Fitch Courtesy: Abercrombie & Fitch Shares of Abercrombie & Fitch soared in early trading, after the retailer crushed Wall Street’s earnings and sales expectations for the quarter and raised its forecast for the year. On a call with investors, CEO Fran Horowitz said the retailer’s performance is the “culmination of years of hard work.”
Nvidia headquarters in Santa Clara, California, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Nvidia — The chipmaker climbed 1.8% ahead of its quarterly report set for release after the bell. Expectations are high for the chipmaker after its shockingly positive forecast in
Plenty of people aspire to be wealthy, but fortune and fame can have their downsides. Take it from Mark Cuban — or, rather, his kids. The three children, who range in age from 13 to 20, are keenly aware that people make assumptions about them due to their father’s wealth, Cuban recently told TikToker Bobbi
Dax Shepard at the grand opening of a Hello Bello distribution and manufacturing center on Oct. 26, 2021 in Waco, Texas. Rick Kern | Getty Images Not even Hollywood’s A-list is immune from financial anxiety. Dax Shepard is a successful actor with countless credits under his belt, and he’s married to TV and film staple
Homes in Centreville, Maryland, US, on Tuesday, April 4, 2023. Nathan Howard | Bloomberg | Getty Images Mortgage rates jumped last week to the highest level in 23 years, pushing mortgage demand from homebuyers to the lowest level in 28 years. Total mortgage application volume fell 4.2% last week, compared with the previous week, according
In this article AMC Follow your favorite stocksCREATE FREE ACCOUNT An AMC Theatre on March 29, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images AMC Entertainment shares plummeted more than 20% on Tuesday, slipping to a new 52-week low of $2.46 per share, as investors brace for a stock conversion
In this article LOW Follow your favorite stocksCREATE FREE ACCOUNT The Lowe’s logo is displayed on the front of the store near Bloomsburg. Paul Weaver | Lightrocket | Getty Images Lowe’s reported mixed fiscal second-quarter results on Tuesday, as consumers’ interest in tackling springtime projects helped offset weakening home improvement demand. The home improvement retailer
U.S. Commerce Secretary Gina Raimondo speaks during a Senate hearing in Washington, D.C., on May 16, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — U.S. Secretary of Commerce Gina Raimondo is set to visit China from Aug. 27 to 30, both countries announced Tuesday. Her planned trip will be the third by a high-ranking
Two and a half years after Roni Dagan’s husband died, she and her seven-year-old son, Gal, found solace in places far from home. They didn’t confine themselves to a single location. The act of traveling itself is what has brought Dagan and her child joy — something they started after that first year of grieving.
Mementojpeg | Moment | Getty Images If you have an outstanding federal student loan, you may have a different servicer when payments resume in October. Several of the lenders that managed the debt for the government — including Navient, the Pennsylvania Higher Education Assistance Agency (also known as FedLoan) and Granite State — stopped doing
The college sports world is undergoing a major realignment as universities jockey to join athletic conferences with the richest TV deals. Moving from one athletic conference to another can mean millions in additional revenue sharing from lucrative broadcasting contracts and other revenue streams, all tax-free. Unlike professional sports teams that must pay income taxes on
On 7 August, the Italian government surprisingly announced a new windfall profits tax on the banking sector, causing a loss of about €9.2 billion in market value for affected firms. For context, that is more than three times the amount of revenue expected to be collected by the tax. However, shares started to slowly recover
In this article MO Follow your favorite stocksCREATE FREE ACCOUNT A pedestrian walks by an advertisement for Juul on the door of a smoke shop in New York. Scott Mlyn | CNBC Marlboro maker Altria Group said Tuesday its subsidiary NJOY has sued Juul Labs — the e-cigarette company it once held significant stake in
In this article UPS Follow your favorite stocksCREATE FREE ACCOUNT David Paul Morris | Bloomberg | Getty Images UPS workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters said Tuesday. The deal passed with 86.3% of votes, the highest