U.S. Commerce Secretary Gina Raimondo speaks during a Senate hearing in Washington, D.C., on May 16, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — U.S. Secretary of Commerce Gina Raimondo is set to visit China from Aug. 27 to 30, both countries announced Tuesday. Her planned trip will be the third by a high-ranking
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Two and a half years after Roni Dagan’s husband died, she and her seven-year-old son, Gal, found solace in places far from home. They didn’t confine themselves to a single location. The act of traveling itself is what has brought Dagan and her child joy — something they started after that first year of grieving.
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Sales of previously owned homes dropped 2.2% in July from June to a seasonally-adjusted, annualized rate of 4.07 million units, according to the National Association of Realtors. Sales were 16.6% lower compared with July of last year.
In this article LOW Follow your favorite stocksCREATE FREE ACCOUNT The Lowe’s logo is displayed on the front of the store near Bloomsburg. Paul Weaver | Lightrocket | Getty Images Lowe’s reported mixed fiscal second-quarter results on Tuesday, as consumers’ interest in tackling springtime projects helped offset weakening home improvement demand. The home improvement retailer
In this article UPS Follow your favorite stocksCREATE FREE ACCOUNT David Paul Morris | Bloomberg | Getty Images UPS workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters said Tuesday. The deal passed with 86.3% of votes, the highest
A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Check out the companies making headlines before the bell: Fabrinet — Fabrinet surged 21% after its fiscal fourth-quarter results late Monday topped analysts’ estimates. The advanced manufacturing services company posted non-GAAP earnings of
For a long time, I had a scarcity mindset about money. But through reading, I changed how I thought about my finances. I invested in real estate, started a small business, and ultimately became a millionaire at age 37. I’ve found that the life lessons we get from books help us achieve our goals faster,
amriphoto Earning a good salary is one thing, feeling “rich” is another. Even doctors, lawyers and other highly paid professionals — also referred to as the “regular rich” — who benefit from stable jobs, homeownership and a well-padded retirement savings account said they don’t feel well off at all. Some even said they feel poor,
Andreypopov | Istock | Getty Images Property taxes can be a major expense for households, and several factors may affect the size of the bill, research shows. These levies — which typically fund public services, such as K-12 education, police and firefighters — can be tough to compare across jurisdictions. But there are four key
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On 7 August, the Italian government surprisingly announced a new windfall profits tax on the banking sector, causing a loss of about €9.2 billion in market value for affected firms. For context, that is more than three times the amount of revenue expected to be collected by the tax. However, shares started to slowly recover
In this article M Follow your favorite stocksCREATE FREE ACCOUNT Macy’s store in Herald Square in New York. Scott Mlyn | CNBC Macy’s on Tuesday topped Wall Street’s quarterly sales expectations, even as it struck a cautious note about consumer spending for the back half of the year. The retailer stood by its conservative full-year
In this article DKS Follow your favorite stocksCREATE FREE ACCOUNT Signage outside a Dick’s Sporting Goods Inc. store in Clarksville, Indiana, on Monday, Nov. 9, 2020. Luke Sharrett | Bloomberg | Getty Images Dick’s Sporting Goods reported a 23% drop in profits and slashed its earnings guidance for the year after it saw an uptick
A Dick’s Sporting Goods store in Niles, Illinois, May 20, 2014. Getty Images Check out the companies making headlines in midday trading. Dick’s Sporting Goods — The retail stock tumbled nearly 24% after Dick’s reported a rare earnings miss and slashed guidance for the year, thanks in part to an uptick in store theft. Earnings
For once, having a high student debt balance could be a good thing. Tell Frontier Airlines how much you owe in student loans and you could be one of 100 lucky winners who will receive an airline mile for every dollar you owe, up to 100,000 miles, the airline announced last week. Student loan borrowers
A Miami supermarket in July 2023. Joe Raedle | Getty Images News | Getty Images The forecast for the post-pandemic U.S. economy once called for a recession. Now many experts are backing off those predictions. In the latest about-face, 69% of economists surveyed by the National Association for Business Economics said they see a “soft
Dikushin | Istock | Getty Images Federal student loan borrowers can now officially sign up for the Biden administration’s new loan repayment plan. The option is expected to dramatically shrink many people’s bills. In fact, under the new Saving on a Valuable Education, or SAVE, plan, some will see their monthly obligation fall to zero
As President Biden begins to more forcefully build a reelection case citing Bidenomics, Wall Street forecasts and actual GDP data are supportive, as are recent improving sentiment scores from consumers and CEOs. But on Main Street, small business owners remain a difficult group for Biden to win over. Small business confidence is back at an
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A Baidu Apollo robotaxi passes by a Baidu office building in Beijing on Aug. 21, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese tech company Baidu reported better-than-expected revenue, up by 15% year-on-year in the second quarter and bolstered by growth in advertising. Here’s how Baidu did in the June quarter versus Refinitiv