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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,
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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
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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
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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.
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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.”
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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
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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,
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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
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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
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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
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