A technologist inspects a computer chip. Sefa Ozel | E+ | Getty Images GUANGZHOU, China — China’s technology sector has taken a wild ride over the past year, with regulations tightened, billions of dollars wiped off companies’ market value, and a continuing push from Beijing for technological self-sufficiency. Those are among the important themes that
Month: November 2021
Federal Reserve officials at their meeting earlier this month expressed concern about inflation and said they would be willing to raise interest rates if prices keep rising. The committee that sets interest rates for the Fed on Wednesday released the minutes from the November session where it first signaled that it could be dialing back
Aerial view of 3030 Meadow Lane in Weston Florida at twilight. Daniel Petroni This 12,323-square-foot mansion recently hit the market with a $14 million price tag, making it the most expensive listing the city of Weston, Florida, has ever seen. The 27-square-mile city is about 31 miles northwest of Miami in the western-most part of
In this article M FTCH Betsie Van der Meer | DigitalVision | Getty Images With holiday shopping on my mind and Black Friday in plain sight, I’m laser-focused on the retail sector and its participation in my clients’ investment portfolios. Last week was big for consumers: October retail sales numbers beat expectations, and we had
Second Harvest Heartland workers distribute food in a recent truck to trunk event. As Covid-19 cases in Minneapolis surge, so has the demand for food, said CEO Allison O’Toole. Courtesy: Second Harvest Heartland The onset of the Covid-19 pandemic last year prompted millions of Americans to wait in long lines for food assistance in the
Just about everyone feels the stress about holidays and particularly family gatherings. Maybe it’s about some difficult relationships in your family. Perhaps it’s the host or hostess feeling the pressure to get everything ready for visitors. For many people, travel itself is stressful. For the family elder it may be much more than what gets
Where buyers go shopping for a home shifted during the onset of the coronavirus pandemic given the rise of remote work as well as affordability concerns. For many Americans, the change could have lasting implications. As employers firm up future work plans to include flexibility and give many Americans confidence in buying a home farther from
In this article NWL WSM Shoppers pass in front of a Williams Sonoma store at The Mall at Short Hills shopping center in Short Hills, New Jersey. Gabby Jones | Bloomberg | Getty Images As bigger holiday gatherings return, a wave of party hosts are dusting off the champagne glasses, flexing new skills like breadmaking
In this article BBY Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders. Geoff Robbins | AFP | Getty Images Best Buy‘s fiscal third-quarter earnings beat estimates on Tuesday, yet shares tumbled as investors worried about rising shipping costs and weaker demand
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap, Nordstrom — Shares of Gap and Nordstrom plummeted after the companies reported disappointing quarterly results late Tuesday citing rising labor costs, inventory issues, shopping costs and factory closures as challenges. Gap shares dropped
House Democrats passed the $1.75 trillion Build Back Better Act on Friday, which includes a number of provisions for housing aid, including investments in public housing, rental assistance and down payment assistance. It now goes to the Senate, where it is likely to be revised again. In total, the legislation allocates about $170 billion to provisions
In this article TSLA AAPL Closely watched money manager Cathie Wood told CNBC on Wednesday that Apple could have owned the driverless vehicle market by purchasing Tesla when given the chance during the electric vehicle maker’s troubled Model 3 ramp-up. “We’ve been watching Apple very carefully for years now. Because what is an autonomous vehicle?
Holger Hill | fStop | Getty Images A college degree is still the ticket to better earnings and a more successful career. Data from the U.S. Bureau of Labor Statistics continues to support the traditional idea that college is the path to a better life, but fewer Americans seem to be buying into it these
Tijana Simic | iStock | Getty Images Medical debt is a growing burden among Americans, with more than 1 in 3 U.S. adults carrying a balance, according to a 2021 Healthcare.com survey. The findings also revealed that more than 6 in 10 adults with overdue bills received care knowing they couldn’t cover the costs, and more
Climate change is leading to climate migration. And climate migration is creating an opportunity for global property investors. It used to be that northern California’s long and depressing rainy season started in October and continued until April with little sun in between. Summers were hot but pleasant. Today, winter days in Sacramento are often bright
Most Americans have a lot to be thankful for this year. The economy is doing well, jobs are plentiful, and most small businesses are doing much better than had been expected. Things were much worse in the year 2020, when the Coronavirus shut down thousands of businesses, and deprived them of sales revenues, while expenses
The central Mexican city of San Miguel de Allende was recently crowned the best city in the world by Travel & Leisure. The No. 1 ranking came as no surprise to Ann Dolan, a broker with CDR San Miguel who has lived in San Miguel de Allende with her husband Jim for 25 years. The city, 170 miles northwest
Senior doctor Thomas Marx puts on his personal protective gear (PPE) before he enters the room of a patient infected with the novel coronavirus (Covid-19) in an intensive care unit (ICU) at the hospital in Freising, southern Germany. LENNART PREISS | AFP | Getty Images Germany is set to decide on tougher Covid-19 restrictions and
In this article JWN A shopper leaves a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images Nordstrom on Tuesday reported earnings that fell short of analysts’ expectations as labor costs ate into profits and sales and its Nordstrom Rack business struggled to return to pre-pandemic levels. The news sent
Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Check out the companies making headlines after the bell: Nordstrom — Shares of the department store chain tumbled roughly 20% following its quarterly results. Nordstrom reported earnings of 39 cents per share, well below
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