Analysts generally expect state-owned enterprises will perform better than non-state-owned developers in the latest real estate slump. Pictured here in Guangxi, China, on Aug. 15, 2022, is a real estate complex developed by state-owned conglomerate Poly Group. Future Publishing | Future Publishing | Getty Images BEIJING — Chinese property developers’ […]
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Afghanistan’s ‘collapsed economy’ can’t be patched up by humanitarian relief, says the UN
The Taliban seized control of Afghanistan’s capital Kabul in August last year, after the withdrawal of U.S. troops in the country following nearly two decades of war. Paula Bronstein. | Getty Images News | Getty Images Humanitarian aid to Afghanistan is not enough to sustain its economy and more investments […]
WWE discovered Vince McMahon paid $5 million to Donald Trump’s foundation, report says
Vince McMahon (L) and Donald Trump attend a press conference about the WWE at the Austin Straubel International Airport on June 22, 2009 in Green Bay, Wisconsin. Mark A. Wallenfang | Getty Images Entertainment | Getty Images Former World Wrestling Entertainment boss Vince McMahon paid $5 million of around $20 […]
Jim Cramer says investors should take some profits with markets poised to cool off
CNBC’s Jim Cramer said the market could continue to stall out after Wednesday’s slump and urged investors to trim some of their positions. “Things can still go right. I don’t want to freak you out. I just think stocks need a cooling-off period after this miraculous run, and we’re getting […]
Smith & Wesson CEO faces backlash after he blamed politicians for gun violence
Convention goers look at weapons at the Smith and Wesson booth last April at the 2015 NRA Annual Convention in Nashville, Tenn. Karen Bleier | AFP | Getty Images After releasing a statement earlier this week blaming politicians for the surge in gun violence, Smith & Wesson CEO Mark Smith […]
Dodge unveils new electric muscle car concept that could replace the Challenger and Charger
Dodge Charger Daytona SRT concept car Dodge DETROIT — Dodge on Wednesday unveiled a new concept car called the Charger Daytona SRT as a preview of its first all-electric muscle car, expected in 2024. The two-door coupe is the first look at what the forthcoming vehicle, which will replace Dodge’s […]
Bed, Bath & Beyond shares fall after investor Ryan Cohen reveals intent to sell entire stake
Signs mark a Bed Bath & Beyond store in Somerville, Massachusetts. Brian Snyder | Reuters Bed Bath & Beyond shares tumbled in extended trading Wednesday after activist investor Ryan Cohen said in a filing he intends to sell his entire stake in the retailer through his firm RC Ventures. According […]
Stocks making the biggest moves after hours: Cisco, Wolfspeed & more
A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022. Paresh Dave | Reuters Check out the companies making headlines in after hours trading: Cisco — Shares of the networking company advanced […]
From health-care subsidies to $10,000 in discounts and rebates, 3 ways the Inflation Reduction Act could save you money
On Tuesday, President Joe Biden signed the Inflation Reduction Act into law. The sweeping $739 billion spending package — a reduced version of the administration’s Build Back Better plan — aims to reduce health-care costs, shrink the deficit and combat climate change. Experts are uncertain that the bill will […]
Cisco tops estimates on revenue and profit and gives optimistic annual sales forecast
Cisco issued fiscal fourth-quarter results on Wednesday that topped analysts’ projections and provided a better-than-expected forecast for the coming year. The stock rose 2.5% in extended trading. Here’s how the company did: Earnings: 83 cents per share, adjusted, vs. 82 cents per share as expected by analysts, according to Refinitiv. […]