Month: September 2024
5 things to know before the stock market opens Friday
Here are five key things investors need to know to start the trading day: 1. Four-ward The S&P 500 marked its fourth winning day in a row Thursday, gaining 0.75%. The Nasdaq Composite did even better, rising 1%, as investors snapped up tech names, while the Dow Jones Industrial Average added 235.06 points, or 0.58%. The gains came […]
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Harris’ rise in polls sparks wave of wealth transfers to kids
Dimensions | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The tightening presidential race has touched off a wave of tax planning by ultra-wealthy investors, especially given […]
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Biden targets Shein, Temu with new rules to curb alleged ‘abuse’ of U.S. trade loophole
U.S. President Joe Biden delivers remarks during a visit to the United Association Local 190 Training Center in Ann Arbor, Michigan, U.S., September 6, 2024. Craig Hudson | Reuters The Biden administration announced new steps on Friday to curtail what it calls the “overuse and abuse” of a longstanding trade law that permits low-value shipments […]
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Jeep CEO enacts turnaround plan after significant sales declines
Jeep Wagoneer S Trailhawk EV concept Michael Wayland / CNBC DETROIT — Stellantis‘ Jeep brand is well known for scaling tough terrains, but its latest challenge of achieving 1 million vehicle sales domestically by 2027 will be a steep hill to climb. Jeep, a coveted brand in the automotive industry, has been in a U.S. […]
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China raising its retirement age may be unpopular but it’s much needed, analysts say
Elderly people are relaxing at a park in Fuyang, China, on January 15, 2024. (Photo by Costfoto/NurPhoto via Getty Images) Costfoto/NurPhoto | Nurphoto | Getty Images China’s top legislative body passed an official plan Friday to begin incrementally raising the nation’s statutory retirement age from Jan. 1 of next year and concluding in 2040, according […]
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British government had ‘constructive’ talks with Musk’s X over disinformation, minister says
As the riots raged in the U.K., Elon Musk began making incendiary comments about the situation, including the statement: “Civil war is inevitable.” Musk is the owner of X, the social media platform formerly known as X. Aytug Can Sencar | Anadolu | Getty Images LONDON — The U.K. government has had “constructive” talks with […]
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UK regulator finds Vodafone and Three merger would lead to price rises, seeks remedies for deal
Britain’s competition watchdog on Friday said it found competition concerns with the proposed merger between Vodafone and the Three UK mobile network owned by CK Hutchison. The U.K. Competition and Markets Authority (CMA) said the deal would lead to price increases for tens of millions of customers or see some users get reduced services. The regulator […]
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U.S. firms say confidence in China has hit an all-time low
Night view of the Lujiazui financial district in downtown Shanghai. Yongyuan Dai | E+ | Getty Images American companies in China are experiencing historically low business confidence and poor profits amid U.S.-China tensions and a slowing Chinese economy. In an annual report released Thursday, the American Chamber of Commerce in Shanghai found that out of […]
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UK leads resurgence in European office investment
People walk along London Bridge past the City of London skyline. Sopa Images | Lightrocket | Getty Images LONDON — The U.K. is leading a recovery in Europe’s long subdued office real estate market, with overall investment in the sector expected to pick up further in the second half of the year. Britain recorded 4.1 […]
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Samsung shares fall as workers’ strike at India plant continues after talks fall through
Workers stage a protest to demand higher wages and recognition of their union, at Samsung India’s plant in Sriperumbudur, near Chennai on September 11, 2024. R.satish Babu | Afp | Getty Images Shares of Samsung Electronics fell as much as 3% on Friday, as workers at its southern Indian plant continued to strike, disrupting production […]
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