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Pictured here is a science-fiction themed installation at the Maison Hermes in Shanghai, China, on Nov. 28, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — Wealthier Chinese were more inclined to spend this year, while poorer people cut back on spending even more, McKinsey and Company found in a survey released Thursday….
Luis Alvarez | Digitalvision | Getty Images If you’re just out of college, you may be wondering when the right time is to get started with a retirement savings plan. The answer is now, experts say. To that point, 55% of Americans already working think they are behind on saving for retirement, according to a…
An “Apartments For Rent” sign outside a building in the East Village neighborhood of New York, U.S. Gabby Jones | Bloomberg | Getty Images Manhattan rents rose 2% in November, dashing hopes that prices would cool and forcing many renters to give up their leases or downsize, according to brokers. The median rent for a…
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, on Thursday, Oct. 13, 2022. Ting Shen | Bloomberg | Getty Images After a series of crypto-collapses, scandals and bankruptcies, Americans’ views on cryptocurrency have soured sharply, with the…
Tim Robberts | Digitalvision | Getty Images Coming up with enough money for retirement is a challenge for all workers. Women are more likely, at 50%, to say they’re behind, versus 35% of men, a new report from Goldman Sachs found. What’s more, 24% said they are “very behind schedule,” compared with 14% of men….
Thomas Barwick The deadline is fast approaching for mandatory retirement plan withdrawals, which may force some retirees to sell assets in a down market. But experts say there may be ways to reduce the negative effects. Required minimum distributions, known as RMDs, are yearly amounts that must be taken from certain retirement accounts, such as…
Later this week, the European Union is expected to release a new Tobacco Tax Directive, the first update in more than a decade. Early reports indicate that the EU will propose a significant increase to the existing minimum cigarette tax rates levied across the Union and expand the product categories that are taxed, including a…
The tax treatment of research and development (R&D) expenses is one of the biggest issues facing Congress as the year winds down. Since the beginning of 2022, companies have had to spread deductions for R&D costs out over five years, instead of deducting them immediately. This policy, known as R&D amortization, reduces economic growth by…
In this article LYV Follow your favorite stocksCREATE FREE ACCOUNT Taylor Swift accepts an award onstage during the MTV Europe Music Awards 2022 held at PSD Bank Dome on November 13, 2022 in Duesseldorf, Germany. Jeff Kravitz | Filmmagic | Getty Images Lawmakers have some questions for Live Nation’s CEO after Ticketmaster bungled the recent…
In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT David Zaslav Olivia Michael | CNBC A few months ago, after a lengthy and sobering review of Warner Bros. Discovery‘s business, Chief Executive David Zaslav gave his division heads a cutthroat mission. Pretend your units are family businesses, Zaslav said. Start from scratch and prioritize…
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Ted Sarandos attends the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. Angela Weiss | AFP | Getty Images Netflix is likely to offer multiple subscription plans with ads in the future, the company’s co-Chief Executive Ted Sarandos said on…
In this article UNP UAL GM WMT JPM Follow your favorite stocksCREATE FREE ACCOUNT General Motors CEO Mary Barra speaks during a visit of the US president to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images As 2023 approaches and…