Month: June 2022
Millennial millionaires are delaying home, car purchases due to inflation
Millennial millionaires are temporarily shelving major purchases as interest rates and inflation rise, according to CNBC’s Millionaire Survey. Nearly half of millennial millionaires say higher borrowing costs are causing them to delay buying a car, and 44% say higher interest rates have caused them to delay purchasing a home, according to the survey. More than […]
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UK bolsters gas stockpile for winter with Ukraine war squeezing supply and sending prices soaring
Russia is a significant supplier of oil and gas. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons following its invasion of Ukraine. Sean Gladwell | Moment | Getty Images Norwegian energy firm Equinor said Thursday it would deliver extra gas to the U.K.’s Centrica over the next three […]
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Tesla hikes U.S. prices across car models
Interior view of a Tesla showroom on April 26, 2022 in New York City. Kena Betancur | Corbis News | Getty Images Tesla raised prices for all its car models in the United States, its latest price hike amid ongoing global supply-chain issues. The electric carmaker increased its Model Y long-range price to $65,990 from […]
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to plunge as stocks’ post-Fed rate hike rally vanishes A screen displays the Fed rate announcement as a trader works (inside a post) on the floor of the New York Stock Exchange (NYSE) in […]
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Amazon’s big Prime Day sale runs July 12 and 13
An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, June 21, 2021. Brendan McDermid | Reuters Amazon’s big annual sale, Prime Day, will return on July 12 and 13, the company announced on Thursday. The event is also a big revenue driver for […]
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New crypto fundraising start-up will take political donations in digital currencies as 2022 midterms heat up
With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said however that most of these coins will collapse. Nurphoto | Getty Images Candidates running for election in the 2022 midterms could see a boost to their […]
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China’s multi-billion dollar shopping festival tests e-commerce giants and consumer appetite
China’s “618” shopping festival sees e-commerce giants including JD.com and Alibaba offer huge discounts to shoppers. Billions of dollars worth of sales are racked up across the 618 sales period which usually lasts a couple of weeks. Geng Yuhe | Visual China Group | Getty Images China is in the midst of the “618” shopping […]
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5 tips for selling your e-commerce business to an Amazon aggregator
In recent years, Amazon sellers have become a hot commodity. Growing a business on Amazon is more challenging and aggregators are taking the opportunity to snatch up promising and successful businesses while using their expertise to clean up the marketplace. Selling your e-commerce business to an Amazon aggregator can pay off, but only if you […]
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Department of Transportation to meet with airline CEOs to avoid summer travel disruptions
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The Department of Transportation is expected to meet with airline CEOs to discuss the busy summer travel season. CNBC’s Phil LeBeau joins ‘Squawk Box’ with the details. Source
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Bank of England hikes rates for the fifth time in a row as inflation soars
Bank of England Governor Andrew Bailey has said he is not at all happy with rising inflation, but that the central bank couldn’t have done anything differently to avoid it. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England on Thursday implemented a fifth consecutive hike to interest rates as it looks […]
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