Day: August 31, 2024
Harris says Trump ‘disrespected sacred’ Arlington for ‘political stunt’
U.S. Vice President Kamala Harris and Republican presidential nominee and former U.S. President Donald Trump. Brendan Mcdermid | Elizabeth Frantz | Reuters Vice President Kamala Harris on Saturday skewered former President Donald Trump for filming at the Arlington National Cemetery, accusing him of exploiting his visit for political purposes, which is prohibited. “Let me be clear: […]
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What’s stalling China’s stock market recovery, according to KraneShares’ CIO
China’s slow post-Covid recovery could be a lasting headwind for its stock market. With the mainland’s two largest indexes — the Shanghai Composite and the Shenzhen Composite — each negative so far in 2024, KraneShares Chief Investment Officer Brendan Ahern thinks government stimulus is necessary to kick-start the country’s stock market performance. “Investors, particularly in […]
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The ‘rent-first’ lifestyle is catching on. From cars to clothes and even caskets, here’s when it makes sense to buy vs. rent
Owning isn’t always what it’s cracked up to be. For many reasons — including affordability — more Americans are choosing to rent everything from cars and apartments to clothing and furniture these days, according to a report by Intuit Credit Karma. Far beyond the traditional tuxedo, the rental industry has expanded in recent years to […]
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A look at the behind-the-scenes business of Hollywood studio lot tours
The Hollywood sign is viewed during a clearing storm. Mario Tama | Getty Images News | Getty Images For over 100 years, Hollywood has transported audiences to worlds outside their own, from the slick streets of New York City to the yellow bricks of Oz. Hundreds of acres of land in Los Angeles are dedicated […]
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Warren Buffett’s Berkshire Hathaway sells more Bank of America, has now cut stake by nearly 15%
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC (This article is from the Warren Buffett Watch newsletter. Sign up here.) Warren Buffett has added around $6 billion to Berkshire Hathaway’s sizable cash pile this summer with a string of Bank of America stock sales since mid-July. According […]
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September is a historically rough month for Apple shares. Here’s what could happen next
September is typically a rough month for Apple — and it’s a toss-up as to whether this year could be any different. Apple is expected to announce new iPhones and Apple Watch models on Sept. 9 during a press event at its headquarters in Cupertino, California. The tech giant typically unveils these new models at […]
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Cannabis industry targets luxury consumers with Fifth Avenue marijuana dispensary, Hamptons presence
The Travel Agency on Fifth Avenue in New York Cityis an adult-use recreational marijuana dispensary. Courtesy: The Travel Agency Cannabis consumption has turned a corner — and now it’s on Fifth Avenue. Shoppers walking along the iconic New York stretch of retailers can pick up jewels from Cartier and new threads from Saks, as well […]
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China, Philippines accuse each other of ramming ships in South China Sea
China Coast Guard ships (background L and R) are seen past the Philippine Coast Guard ship BRP Cape Engano (C), as photographed from the BRP Cabra during a supply mission to Sabina Shoal in disputed waters of the South China Sea on Aug. 26, 2024. Jam Sta Rosajam Sta Rosa | AFP | Getty Images […]
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China’s weak factory activity data raises pressure for consumer stimulus
A worker assembles a corn combine harvester at a factory in Qingzhou Economic Development Zone, East China’s Shandong province, Aug. 31, 2024. Cfoto | Future Publishing | Getty Images China’s manufacturing activity sank to a six-month low in August as factory gate prices tumbled and owners struggled for orders, an official survey showed on Saturday, […]
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India outperforms other major economies even as growth slows in April-June
A shopkeeper arranges lanterns kept for sale ahead of the Diwali festival, the Hindu festival of lights in Mumbai on Nov. 8, 2023. Ashish Vaishnav | SOPA Images | LightRocket | Getty Images India’s economic growth slowed to 6.7% year-on-year in the April-June quarter as a decline in government spending during national elections weighed, data […]
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