China’s former head of the People’s Bank of China, Yi Gang, emphasized the importance of prioritizing domestic demand in order to combat deflationary pressures during his speech at the Bund Summit in Shanghai. He pointed out that the key to improving the situation lies in addressing the real estate market as well as local government
In the world of professional football, team valuations play a crucial role in determining the overall success and financial standing of a franchise. CNBC’s Official NFL Team Valuations provide insight into the intricate financial workings behind the scenes of the NFL. With senior sports reporter Michael Ozanian at the helm, these rankings take into account
Vice President Kamala Harris has recently outlined her economic agenda, which includes higher taxes on wealthy Americans and corporations. She has endorsed President Joe Biden’s proposed tax increases in his fiscal year 2025 budget, specifically supporting a 25% minimum tax on total income exceeding $100 million. This proposal, known as the billionaire minimum tax, aims
Volvo Cars, a Swedish automaker with a majority ownership by China’s Geely Holding, recently announced that it is adjusting its margin and revenue targets due to the complexities surrounding global trade and tariffs. The company is now aiming for an EBIT margin goal of 7-8% by 2026, which is lower than its previous target of
Visa recently announced its plans to introduce a dedicated service for account-to-account (A2A) payments, revolutionizing the traditional payment methods that involve credit cards and direct debits. This innovative service aims to provide consumers with more control, security, and convenience when making online purchases, ultimately enhancing their overall payment experience. One of the key benefits of
London landlords are facing a crisis as they are selling their buy-to-let properties at an alarming rate. The current situation has been attributed to anticipated tax hikes from the U.K. Labour government, which are putting pressure on what was once a lucrative investment sector. Data published by property portal Rightmove revealed that almost one-third of
Stocks @ Night is a daily newsletter that provides investors with valuable insights and analysis after market hours. This newsletter not only offers a glimpse into the upcoming trading day but also provides a comprehensive review of the current market conditions. CNBC TV’s producers closely monitor market trends and key events to keep investors informed
Mortgage demand is currently seeing a significant shift towards refinancing, driven by a consecutive decline in interest rates over the past five weeks. While total mortgage application volume increased marginally by 1.6% last week, the surge in refinancing applications stands out as a notable trend. This shift is evident in the Mortgage Bankers Association’s latest
Tiger 21, a network of ultra-high-net-worth investors and entrepreneurs, recently released an asset allocation report that shed light on the fact that more than half of its members do not invest in chip darling Nvidia. The report revealed that 57% of the members have chosen to stay away from Nvidia, with a majority of them
As China continues to grapple with property struggles and U.S. sanctions, the latest Milken Institute’s best performing cities China index sheds light on the varying impacts on different cities. Hangzhou, the capital of the eastern Zhejiang province, has emerged as a frontrunner in this year’s rankings, thanks to its thriving tech industry which is home