US Economy vs Chinese Economy: Bolster US Economic Growth Skip to content Table of Contents Key Findings Competition with China has become a key theme of American politics. One crucial aspect of that competition is aggregate economic growth. One policy lever that affects aggregate economic growth (among many) is the structure of the corporate taxA
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A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images An abrupt turn higher for mortgage interest rates caused weekly demand from both potential homebuyers and current homeowners to drop. Total mortgage application volume fell 5.1% last
Visoot Uthairam | Moment | Getty Images Home repairs and renovations are expensive. To lower costs, 1 in 3 homeowners are willing to hire a contractor with holes in their resume. About 33% of surveyed homeowners say they’d consider hiring a contractor with a questionable reputation to save money, according to a new report by
General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors will drop the name “Ultium” for its electric vehicle batteries and supporting technologies after spending years promoting the brand as it
A message board at the Tampa International Airport shows all American Airlines departing flight canceled Tuesday, Oct. 8, 2024, in Tampa, Fla., due to the possible arrival of Hurricane Milton. Chris O’Meara | AP Airlines canceled hundreds of flights, theme parks prepared to close some areas and cruise lines shifted routes as Floridians braced for
In this article PEP Follow your favorite stocksCREATE FREE ACCOUNT A truck with Pepsi logo on a semitrailer is seen at Interstate 95 highway in Maryland, United States, on October 21, 2022. Beata Zawrzel | Nurphoto | Getty Images PepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT New GMC trucks are displayed on the sales lot at Hanlees Hilltop GMC in Richmond, California, July 2, 2024. Justin Sullivan | Getty Images DETROIT — General Motors expects its 2025 adjusted earnings to be in a “similar range” to the company’s results this year,
Molten copper pours into ceramic molds to form plates at the Southern Copper Corp. smelter facility in Ilo, Peru, on Jan. 30, 2017. Dado Galdieri | Bloomberg | Getty Images After years of political unrest in Peru, the relative calm of recent months has made international investors increasing their appetite for the country’s sovereign bonds.
In the last year, credit card debt spiked to a record $1.14 trillion. But recent signs show consumers may now be pulling back. Revolving debt, which mostly includes credit card balances, fell 1.2% in August, compared to a year earlier, according to the Federal Reserve’s G.19 consumer credit report released on Monday. Nonrevolving debt, such as
About 19 million U.S. taxpayers requested an extension to file back in April, according to the IRS, giving them an extra six months to submit their 2023 federal income tax returns. For many of those taxpayers, the October 15 final deadline is fast approaching. Taxpayers in federally-declared disaster areas, which currently cover all or parts
David Hester inspects damages of his house after Hurricane Helene made landfall in Horseshoe Beach, Florida, on September 28, 2024. Chandan Khanna | Afp | Getty Images It’s crucial to understand how to file a homeowners insurance claim after a natural disaster. Insured losses alone for Hurricane Helene are now estimated at more than $6
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Sam’s Club is opening a store in the Dallas area that will require customers to go all digital. Shoppers will use a smartphone app to scan and pay for their own purchases rather than standing in a checkout lane. Sam’s Club GRAPEVINE, Texas — When
Two women sit on the sidewalk of Qiansimen Jialing River Bridge, decorated with Chinese national flags, on October 3, 2024 in Chongqing, China. National Day Golden Week is a holiday in China commemorates the founding of the People’s Republic of China in 1949. Cheng Xin | Getty Images Zheng Shanjie, chairman of China’s National Development
Traders work on the floor of the New York Stock Exchange during afternoon trading on October 03, 2024 in New York City. Michael M. Santiago | Getty Images Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it
Voters cast their ballots on the second day of early voting in the 2024 presidential election at the Board of Elections Loop Super Site in Chicago, Illinois, on October 4, 2024. Kamil Krzaczynski | AFP | Getty Images There are few topics Americans would rather not talk about more than money. They would even rather
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — A lot has changed since General Motors’ last
Rolls-Royce has opened its first U.S. “Private Office,” a secret VIP design studio for ultra-wealthy clients who want highly personalized cars. The Private Office, in Manhattan’s trendy Meatpacking District, is central to the fabled British automaker’s new strategy of growing sales and profits from selling more customized, higher-priced vehicles rather than boosting production. Rolls-Royce produced
krisanapong detraphiphat | Moment | Getty Images Investors are at a heightened risk of cryptocurrency scams tied to fake relationships established over social media, dating apps and networking sites, federal officials warn. Such frauds occur when scammers use dating apps, social media platforms, professional networking sites or encrypted messaging apps to pose as a romantic
Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker’s Ioniq 5 electric vehicle to its robotaxi fleet. Courtesy image Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker’s Ioniq 5 electric
USA’s Tiger Woods lines up a putt on the 2nd during day two of The Open at Royal Troon, South Ayrshire, Scotland. Picture date: Friday July 19, 2024. Jane Barlow | PA Images | Getty Images A logo dispute between Tiger Woods’ apparel company Sun Day Red and Tigeraire, a company that makes cooling products
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