It may have seemed like a good idea at the time. In an apparent attempt to create a shortcut, two people allegedly used heavy machinery to remove a sizeable section of the Great Wall of China in Shanxi province, according to an online notice by local authorities. The duo used an excavator to widen a
Month: September 2023
In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Senator Bill Cassidy, R-La., seen at the U.S. Capitol on Feb. 11, 2021. Joshua Roberts | Reuters Republican Sens. Bill Cassidy of Louisiana; John Thune of South Dakota; and more than a dozen other GOP colleagues introduced a Congressional Review Act resolution this week to
Housing markets across the United States have witnessed a general tightening in inventory as well as high prices, though down a bit from their peaks in 2021 and 2022 before the regiment of rate hikes instituted by the Federal Reserve commenced. While prices may be down from their recent highs, affordability still remains a major
A scene from “Barbie.” Courtesy: Warner Bros. Hollywood bet big on blockbuster franchise sequels to revive its summer cinema business, but it was fresh fare such as “Barbie” and “Oppenheimer” that fueled the industry’s haul of $4 billion, a 19% jump from last year. Starting the first Friday in May and running through Labor Day
A man passes by a GameStop location on 6th Avenue in New York, March 23, 2021. View Press | Corbis News | Getty Images Check out the companies making headlines in extended trading. GameStop — The video game retailer surged 5% after posting an increase in sales for its latest quarter. GameStop reported revenue of
I’ve been a professor of economics for nearly 40 years. My goal has always been to make the subject as accessible as possible for everyone, on both a personal and global level. One of the biggest lessons I share with my students — and people who ask me for personal finance tips — is that
Getty Images When it comes to earning a decent yield on their savings, consumers may wonder: Should I choose a money market fund or a high-yield savings account? The purpose of each is similar. They generally serve as repositories for emergency funds or savings earmarked for the short term, perhaps to buy a car, home
Tax Notes Capitol Hill reporters Cady Stanton and Doug Sword preview what to expect from Congress in tax policy this fall, from a potential end-of-year tax package to IRS funding. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes
New York state is, of course, home to New York City, which in turn is home to some of the wealthiest zip codes, all squeezed into the tiny island of Manhattan. But what about the rest of the state? What are the richest cities in the Empire State? In a series of studies, we analyzed
Buffalo Bills quarterback Josh Allen (17) runs the ball during the AFC Divisional Round playoff game against the Kansas City Chiefs on January 23rd, 2022 at Arrowhead Stadium in Kansas City, Missouri. William Purnell | Icon Sportswire | Getty Images As legalized sports gambling expands across the U.S., a record 73.5 million Americans plan to
Federal Reserve Bank of Boston President Susan Collins stands behind the Jackson Lake Lodge in Jackson Hole, where the Kansas City Fed holds its annual economic symposium, in Wyoming, August 24, 2023. Ann Saphir | Reuters Boston Federal Reserve President Susan Collins on Wednesday advocated a patient approach to policymaking while saying she needs more
FG Trade | E+ | Getty Images “Know your worth,” career experts often say. But when it comes to salary expectations, American workers are already setting the bar high. What some labor economists are calling a “near-perfect” job market has helped propel the amount of money most job applicants would accept to a record this
The retirement savings landscape experienced a radical transformation with the enactment of the SECURE Act 2.0 at the end of 2022. This groundbreaking legislation introduced a wave of changes, setting new precedents for retirement savings programs, most notably for Roth 401(k) account holders. The Act is considered a significant leap forward, encouraging more Americans to
Taylor Swift performs onstage during her The Eras Tour at Lumen Field in Seattle, July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images Taylor Swift is already a superstar. Now, she’s about to put up superhero-style numbers at movie theaters. Days after the pop icon announced her Eras Tour concert film would
The latest jump in Treasury yields is not “death to equities,” BofA Securities’ Savita Subramanian told CNBC’s “Fast Money” on Tuesday. In fact, Subramanian sees the bond move as a positive signal — rather than an ominous sign for the economy. “Companies are refocusing on efficiency and productivity rather than juicing up earnings through leverage
Hundreds of millions of people have crypto investments. A new report shows how many crypto millionaires and billionaires exist. Antonio_diaz | Istock | Getty Images Hundreds of millions of people around the world have some form of crypto holdings, whether that is in bitcoin or one of the many other digital currencies. To be exact,
Drazen Zigic | Istock | Getty Images It’s the end of an era for student loan borrowers. After a three-year reprieve, interest began accruing again on federal education debt as of Sept. 1. In October, millions of borrowers will make their first student loan payment since before the Covid-19 pandemic hit. The pause on student
In the mood for a smoke? If you’re in the Empire State, it’s going to cost you. As of September 1, New York State has the highest cigarette tax in the country. The cigarette tax has increased by $1.00 per pack of 20 cigarettes, from $4.35 to $5.35. That brings a pack of cigarettes to
Fans watch a movie at a cinema in Shanghai. Future Publishing | Future Publishing | Getty Images Women are fueling China’s box office despite making up a smaller share of the population — and Hollywood should take note. While women account for less than half the Chinese population, they represent 52% of monthly moviegoers, according
People celebrate the GitLab initial public offering at the Nasdaq, Oct. 14, 2021. Source: Nasdaq Check out the companies making headlines in after-hours trading. Zscaler — The cloud security stock slipped 1% even after a better-than-expected report for its fiscal fourth quarter and strong current-quarter guidance. Zscaler reported adjusted earnings of 64 cents per share