In this article STLA F GM Follow your favorite stocksCREATE FREE ACCOUNT Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023. Michael Wayland / CNBC DETROIT – The United Auto Workers union plans to strike three U.S. assembly plants of General Motors,
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Chinese laborers working at a construction site at sunset in Chongqing, China on March 6, 2005. China Photos | Getty Images BEIJING—China’s retail sales and industrial production picked up pace in August with better-than-expected growth, according to National Bureau of Statistics data released Friday. Retail sales grew by 4.6% in August from a year ago,
Clarese Partis, a 39-year-old software designer from Los Angeles, has always wanted to work from an offbeat spot far from the crowds. So when she was offered such an opportunity, she instantly grabbed it. Last week, Partis landed in the Sardinian village of Ollolai in Italy for a free stay paid by the local
Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks during the Milken Institute Conference Bloomberg | Bloomberg | Getty Images As concerns mount over rising interest rates and inflation levels, billionaire investor Ray Dalio says he prefers to hold cash for now, not bonds. “I don’t want to own debt, you know, bonds and
US Debt & Deficits: Reforms to Federal Budget & Spending Skip to content Key Findings The federal government’s debt is $33 trillion and rising; budget deficits are projected to grow substantially over the next decade, reaching $2.7 trillion in 2033, or 6.4 percent of gross domestic product (GDP). Debt held by the public will rise
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT General Motors CEO Mary Barra talks with reporters following a meeting with lawmakers from Michigan and Ohio at the U.S. Capitol June 05, 2019 in Washington, DC. Chip Somodevilla | Getty Images DETROIT – General Motors is attempting to avoid a looming strike by the
Arm Holdings will help jump-start the IPO market, according to the venture capitalist behind Airbnb and Pinterest. FirstMark Capital’s Rick Heitzmann believes real fundamental demand for IPOs is returning. “People are looking for the new toy,” the firm’s founder and partner told CNBC’s “Fast Money” on Thursday. Chip design company Arm, which is affiliated with
Halfpoint Images | Moment | Getty Images A federal program that provides monthly income to elderly, blind and disabled Americans to provide for their basic needs has not been updated in about 40 years. On Tuesday, Washington lawmakers renewed a push to update rules associated with the program known as Supplemental Security Income, or SSI.
IRS Commissioner Danny Werfel speaks at a Senate Finance Committee hearing in Washington, D.C., on April 19, 2023. Al Drago | Bloomberg | Getty Images IRS Commissioner Danny Werfel on Thursday ordered the agency to immediately stop processing new claims for a pandemic-era small business tax break to protect filers from a “surge of questionable claims.”
In this article RSKD Follow your favorite stocksCREATE FREE ACCOUNT Oscar Wong | Getty Images For the last three years, Robert has used a different email address to take advantage of a Black Friday Hulu promotion that most recently offered new customers a yearlong subscription for just $1.99 a month instead of the usual $7.99
In this article F AMC PENN FSLR ETSY CVX HPQ GM XOM Follow your favorite stocksCREATE FREE ACCOUNT An AMC Theatre on March 29, 2023 in New York City. AMC Entertainment shares jumped as much as 13%, following a report that Amazon was looking to buy the theater chain. Leonardo Munoz | Corbis News |
mapodile / Getty After several interest rate hikes from the Federal Reserve, many have braced for stock market volatility in their 401(k) plans. But experts say some plans could face another risk: employer bankruptcy. Generally, your 401(k) is safe from creditors in the case of bankruptcy, based on protection from the Employee Retirement Income Security
A “For Rent” sign outside an apartment building in the East Village neighborhood of New York, US, on Tuesday, July 12, 2022. Gabby Jones | Bloomberg | Getty Images Manhattan renters may have reached their “affordability threshold” in August, as median rents remained at record high, according to a new report. The median rent in
In this article DAL AXP Follow your favorite stocksCREATE FREE ACCOUNT Delta’s new SkyClub at John F. Kennedy International Airport in New York. Leslie Josephs/CNBC Delta Air Lines is changing how customers can earn elite frequent flyer status and is making it harder for many American Express cardholders to get into the carrier’s airport lounges,
Pictured here are models of a real estate development in 2005 in Shanghai, as China’s property boom was gathering steam. China Photos | Getty Images News | Getty Images BEIJING — China’s real estate problems have again drawn attention to the world of shadow banking and the risks it poses to the economy. Shadow banking
D3sign | Moment | Getty Images Women spend more time than men providing unpaid care for children, older adults and other family members — time than can have a significant effect on their finances. Women spend an average 51.6 minutes a day caring for household children, other household members and nonhousehold members, according to a
Sporrer/Rupp | Image Source | Getty Images New government inflation data points to a 3.2% Social Security cost-of-living adjustment in 2024, according to a new estimate from The Senior Citizens League. That would raise the average monthly retirement benefit by about $57.30, according to the nonpartisan senior group. The Senior Citizens League’s calculations are based
In this article STLA F GM Follow your favorite stocksCREATE FREE ACCOUNT UAW President Shawn Fain addresses union members during a Solidarity Sunday rally in Warren, Michigan, Aug. 20, 2023 Michael Wayland / CNBC DETROIT – The United Auto Workers and Detroit automakers remain far apart ahead of the union “likely” strategically striking the companies
In this article C RDW CTVA MRNA SAVE 9868-HK AAL 9866-HK ADBE F GM Follow your favorite stocksCREATE FREE ACCOUNT David Wadhwani, senior vice president of digital media for Adobe Systems, speaks during the launch of Adobe Creative Cloud and CS6 in San Francisco on April 23, 2012. David Paul Morris | Bloomberg | Getty
Some of CEO and entrepreneur Elon Musk‘s most polarizing attributes may have also enabled his success so far, says biographer Walter Isaacson. Musk has become well-known for seemingly impulsive decisions and controversial statements on his social media platform X, formerly known as Twitter. That reckless streak can’t be separated out from Musk’s track record of