Month: August 2024
Where are low-cost airlines cutting back now? New planes
JetBlue Airways, Spirit Airlines and United Airlines airplanes proceed to gates after landing at Newark Liberty International Airport in Newark, New Jersey on May 30, 2024. Gary Hershorn | Corbis News | Getty Images Airlines that spent years clamoring for new jets are changing their tune. Cash-strapped, low-cost and deep discounter airlines are putting off […]
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Alibaba jumps 4% in premarket after it completes three-year regulatory overhaul
The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba has completed a three-year regulatory “rectification” process following an antitrust fine it received on charges of monopolistic practices in 2021, China’s market regulator said on Friday. Shares of Alibaba rose 4.37% at 07:24 […]
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This 29-year-old from one of London’s poorest neighborhoods became a millionaire after selling his influencer marketing firm
Timothy Armoo, co-founder and former CEO of Fanbytes. Timothy Armoo Timothy Armoo is a 29-year-old millionaire who became rich by selling his influencer marketing firm for eight-figures, but the young, Black entrepreneur had to beat the odds to find success. Armoo, the co-founder and former CEO of Fanbytes, hails from what was one of the […]
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Euro zone inflation falls to 3-year low of 2.2%, backing September rate cut case
A woman takes a selfie photo, with the Eiffel Tower in the background, at Surcouf street in Paris, on July 23, 2024, ahead of the Paris 2024 Olympic Games. Mauro Pimentel | Afp | Getty Images Euro zone inflation dropped to a three-year low of 2.2% in August, flash figures from statistics agency Eurostat showed […]
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Europe markets rise ahead of key inflation data
People cross a street in front the headquarters building of the European Central Bank (ECB) in Frankfurt am Main, western Germany, on June 5, 2024. Kirill Kudryavtsev | Afp | Getty Images LONDON — European markets were higher on Friday, the last trading day of August, as investors looked to key inflation data from across […]
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The Bank of Japan is certain to raise rates further. The question is when
TOKYO, JAPAN – AUGUST 23: Bank of Japan Governor Kazuo Ueda attends a session in the financial affairs committee at the lower house of parliament on August 23, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News The Bank of Japan is widely expected to stick to its monetary policy tightening campaign as inflationary […]
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China’s Zeekr targets global markets with its electric SUV, priced to undercut Tesla’s Model Y
Geely-backed Zeekr is releasing an electric SUV in direct competition with Tesla’s Model Y. Zeekr Electric vehicle company Zeekr announced Friday that it would launch its first SUV in China next month, undercutting Tesla’s Model Y pricing in the country by over $1,400. The Zeekr 7X, priced at 239,900 yuan ($33, 829), is the Chinese […]
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You can buy mansions in these Mediterranean countries for the price of a studio in New York
The median price per square foot in Manhattan, NY is $1,500, according to My Dolce Casa. Alexander Spatari | Moment | Getty Images Manhattan, New York is infamous for being expensive. The city consistently ranks as one of the world’s most costly places to live in. Purchasing a 500-square-foot condo in New York City can […]
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Intel working with bankers to present board with strategic options
Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Intel executives are working with multiple advisors to formulate options to address its flagging business, according to a person with knowledge of the matter. Those advisors, which include Morgan Stanley and […]
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In his new book, Trump threatens to imprison Mark Zuckerberg and says he ‘got along well’ with Putin
Former U.S. President Donald Trump speaks during the NRA ILA Leadership Forum at the National Rifle Association (NRA) Annual Meeting & Exhibits at the Kay Bailey Hutchison Convention Center on May 18, 2024 in Dallas, Texas. Justin Sullivan | Getty Images In a new book of photographs, former President Donald Trump describes his term in […]
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