Many Meituan food delivery workers are lining up to make preparations in Shanghai, China, on January 14, 2024. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — China’s working age population is shrinking as a share of the total number of people in the country, according to official data released … Read more
IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013. James Lawler Duggan | Reuters The IRS has unveiled a “voluntary disclosure program” for businesses that claimed a pandemic-era tax credit in error and want to pay the money back. Worth thousands per employee, the employee retention tax credit, or … Read more
Wed, Dec 13 2023 3:19 PM EST ‘History will not be kind’ to current central bank officials: investing officer The Federal Open Market Committee will not be looked back on positively after the central bank did not push back on market expectations for cuts next year, said Brad Conger, deputy chief investment officer at Hirtle … Read more
Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023. Marco Bello | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more
Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023. Tayfun Coskun | Anadolu Agency | Getty Images Alaska Air Group has agreed to buy rival Hawaiian Airlines in a $1.9 billion deal, setting up another potential regulatory battle … Read more
15 Mins Ago Deutsche Bank stands by NIO buy rating but slashes price target 31% Deutsche Bank stood by Shanghai-based electric vehicle manufacturer NIO Inc. in a report out Thursday, rating the $12 billion stock a buy ahead of quarterly results due Dec. 5. But the firm slashed its price target by 31% to $11 … Read more
2 Hours Ago China’s manufacturing activity unexpectedly expands in November: Caixin survey Workers assemble mini excavators in a factory of heavy machinery in Suzhou in east China’s Jiangsu province on Oct. 23, 2023. Future Publishing | Future Publishing | Getty Images China’s manufacturing sector unexpectedly expanded in November, according to a survey by Caixin. The Caixin … Read more
An Hour Ago China official PMI unexpectedly weakens for a second straight month in November China’s factory activity shrank for a second straight month in November, signaling that the world’s second-largest economy is not yet out of the woods and may require more muscular policy support. The official manufacturing purchasing managers’ index fell slightly to … Read more
4 Hours Ago Major indexes head for best monthly performances this year Despite muted trading on Tuesday, the three major indexes are on track to post major monthly gains. The Dow is poised to finish the November trading month, which concludes with Thursday’s closing bell, 6.9% higher. That would amount to the best monthly performance … Read more
