Month: November 2025
From stocks to property, here’s what the Autumn Budget means for UK assets
U.K. Finance Minister Rachel Reeves delivered her long-awaited Autumn Budget on Wednesday, which included a swathe of tax hikes that will impact most of the British population. CNBC rounded up the headline announcements for investors and spoke to market watchers about the implications for U.K. assets. Stocks and bonds Among the raft of measures announced […]
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With Trump’s tax bill set to dent giving by the wealthy, can middle-class donors make up the difference?
A woman puts money into a Salvation Army red kettle outside of Giant Supermarket in Alexandria, Virginia on November 22, 2023. Eric Lee | The Washington Post | 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 […]
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Bank of America expects a meager gain for stocks next year
Bank of America isn’t forecasting another blockbuster year for the S & P 500 . Savita Subramanian, the bank’s equity and quant strategist, said the benchmark index should rise to 7,100 in 2026. That implies upside of nearly 5% over where the broad average finished Tuesday’s session. “Multiple expansion and earnings growth both pushed the […]
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TikTok-fueled K-beauty boom triggers a retail race in the U.S.
Carly Xie looks over facial mask items at the Face Shop, which specializes in Korean cosmetics, in San Francisco, April 15, 2015. Avila Gonzalez | San Francisco Chronicle | Hearst Newspapers | Getty Images On a recent Saturday at an Ulta Beauty store in midtown Manhattan, Denise McCarthy, a mother in her 40s, stood in […]
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How Google put together the pieces for its AI comeback
Vcg | Visual China Group | Getty Images When ChatGPT launched in 2022, Google was caught flatfooted, but the launch of Gemini 3 and the Ironwood AI chip this month has experts raving about Alphabet’s AI comeback. Google kicked off November by unveiling Ironwood, the seventh generation of its tensor processing units, or TPUs, that […]
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Saba Capital activist Boaz Weinstein calls for removal of Baillie Gifford-run tech investment trust’s entire board
Boaz Weinstein is calling for the removal of the entire board of a tech-focused fund managed by Baillie Gifford, in a bid to reverse what the activist investor sees as “unprecedented” value destruction. In a letter to the Edinburgh Worldwide Investment Trust’s board on Thursday, Weinstein — whose activist investment firm Saba Capital owns around […]
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Apple is challenging India’s anti-trust body over a potential $38 billion fine
The first day of sale of the iPhone 15 smartphone in Mumbai, India, on Sept. 22, 2023. Dhiraj Singh | Bloomberg | Getty Images Apple has filed a case in Delhi High Court against the country’s anti-trust body because of how it considers global turnover when calculating penalties. The iPhone maker, which is among the […]
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Puma shares pop 14% after report China’s Anta Sports is looking to buy the sportswear giant
The logo of Puma SE displayed in the window of the flagship store in Berlin, Germany, on Wednesday, March 1, 2023. Puma forecast slower profit growth as new Chief Executive Officer Arne Freundt confronts excess inventory and higher costs for marketing sneakers and apparel. Photographer: Krisztian Bocsi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty […]
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Alibaba’s AI glasses to rival Meta go on sale for $500
Alibaba announced plans to release a pair of smart glasses powered by its AI models. The Quark AI Glasses are Alibaba’s first foray into the smart glasses product category. Alibaba Alibaba‘s artificial intelligence-powered smart glasses went on sale on Thursday as the Chinese tech giant looks to ramp up its focus on consumer AI in […]
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Chinese firms rush to pledge millions in fire rescue as Hong Kong fire death toll climbs to 55
Firefighters walk near residential buildings that continue to burn at Wang Fuk Court in the Tai Po district on Nov. 27, 2025 in Hong Kong, China. Isaac Lawrence | Getty Images News | Getty Images Chinese private firms pledged tens of millions of dollars to support rescue and relief efforts after a deadly residential fire […]
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