Autonomous cars are no longer a sign of the future. In the Saudi Arabian capital of Riyadh plans are underway to build a massive city-within-a-city, complete with racetracks for flying cars and immersive experiences that mimic visits to other planets or worlds where people tower over regular-sized buildings. Called The Mukaab (derived from the Arabic
Month: February 2023
In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT People test drive Dream Edition P and Dream Edition R electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters Luxury electric vehicle maker Lucid appears to have a demand problem. The company said during its fourth-quarter
Cleveland Federal Reserve President and CEO Loretta Mester gives her keynote address at the 2014 Financial Stability Conference in Washington December 5, 2014. Gary Cameron | Reuters Cleveland Federal Reserve President Loretta Mester said Friday that interest rates likely need to keep moving higher to get inflation back to acceptable levels. In a CNBC interview,
Newsday Llc | Newsday | Getty Images If you’re among the people who leased an auto in 2020 and are nearing the end of that agreement, you may want to check what the car is worth before turning it in. The average trade-in value of cars leased in 2020 is 19% more ($3,965) than the
A strong labor market currently provides households with lots of jobs and rising wages that make it easier to pay off their debt, even as households are borrowing more money, especially on credit cards. Right now, delinquencies on consumer credit are still well below their already fairly low levels before the pandemic. But, this could
Robert Goulder of Tax Notes and Jefferson VanderWolk of Squire Patton Boggs (US) discuss the problems with the OECD’s pillar 2 UTPR, formerly known as the undertaxed profits or undertaxed payments rule. This transcript has been edited for length and clarity. Robert Goulder: Welcome to the latest edition of In the Pages, I’m Bob Goulder,
While politicians and pundits around the world commemorate the one year anniversary of Russia’s latest, most brutal invasion of Ukraine today, no one expected the country to still be standing even a month later when tanks and planes advanced on Kyiv in the early hours of February 24, 2022. We’ve watched the war from afar
In this article WBD PARA Follow your favorite stocksCREATE FREE ACCOUNT Stan Marsh, Kyle Broflovski, Eric Cartman and Kenny McCormick attend The Paley Center for Media presents special retrospective event honoring 20 seasons of ‘South Park’ at The Paley Center for Media on September 1, 2016 in Beverly Hills, California. Tibrina Hobson | Getty Images
In this article BGRY BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Warren Buffett’s loyal following of value investors is about to hear from the legend himself, at a crucial time when interest rates have soared and recession fears are raging. The 92-year-old chairman and
Getty Images With some Treasury bills now offering 5%, the assets have become more appealing to investors. But there are a few things to know about the purchase process, experts say. Backed by the U.S. government, Treasury bills, or T-bills, are nearly risk-free, with terms of four weeks to 52 weeks. You receive T-bill interest
Shoppers look at items displayed at a grocery store in Washington, D.C., on Feb. 15, 2023. Stefani Reynolds | AFP | Getty Images A new U.S. government reading showing persistent high inflation rattled Wall Street on Friday. Consumers can expect the rate of price growth will likely stay higher than average through 2023. “Inflation is
Cigar entreprenuer Marvin Samel is bringing a deeply-personal film he wrote and produced about his family to the world with love, humility, and knowledge that the odds are stacked against him. “We are the little movie that can,” says Samel. In 2001, entrepreneur Marvin Samel was highlighted in Forbes, in an article titled “Cult Brands.”
Tax day is April 18 this year, but now disaster-area taxpayers in most of California and parts of Alabama and Georgia have until Oct. 16 to file various federal individual and business tax returns and make tax payments. The IRS previously postponed the deadline to May 15 for these areas. The IRS is offering relief
There is no interior or furniture designer quite like Caitlin Wilson. Known for her use of color, she has put her own bold spin on traditional design like no one else has. In addition to designing homes, she also operates an online store as well as a brick-and-mortar boutique in Dallas, Texas. From sofas to
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan.
In this article BABA Follow your favorite stocksCREATE FREE ACCOUNT Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the world. Alibaba said its own product is currently undergoing internal testing. Kuang Da | Visual China Group | Getty Images Alibaba reported earnings for its
In this article MRNA CVNA BA YETI LYV Follow your favorite stocksCREATE FREE ACCOUNT Patties of Beyond Meat Inc.’s plant-based burger Beyond Burger are cooked on a skillet. Yuriko Nakao | Getty Images Check out the companies making the biggest moves midday: Beyond Meat — Shares of the maker of plant-based meat alternatives surged more
Valentinrussanov | E+ | Getty Images High inflation is leading to reduced savings and higher credit card debt — and there are some signs households may be reaching a tipping point under increased financial pressures. A new survey from Bankrate finds 39% of individuals surveyed in January said their emergency savings are less than they
The U.S. Supreme Court in Washington, D.C. Kent Nishimura | Los Angeles Times | Getty Images The Biden administration is currently blocked from carrying out its promise of canceling up to $20,000 in student debt for tens of millions of Americans while its relief plan heads to the Supreme Court. On Tuesday, the nine justices
For years, there’s been a consistent recommendation from me and other retirement researchers. People should delay beginning Social Security retirement benefits for as close to age 70 as possible. New research adds to the evidence in support of that recommendation. Delaying Social Security benefits to age 70 instead of 62 increases monthly benefits by 77%
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