Financial experts often recommend saving up $1 million for a comfortable retirement. But for many Americans, that may no longer be enough to last throughout their golden years — especially if you live in a costly city, such as New York or San Francisco. To determine how long a $1 […]
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Why the US has been slow to adopt electric buses
The world’s largest car market is on track to convert bus fleets to battery electric, a transition fueled by aggressive government subsidies and mandates. According to Interact Analysis, 80,000 electric buses were delivered globally in 2018 — and 99 percent of those were in China. Some cities, like Shenzhen, have […]
As Amazon floods the market with Alexa devices, the business model is getting fresh scrutiny
Todd Haselton | CNBC Following the runaway success of the original Echo device, Amazon has launched a dizzying number of new Alexa-powered products to get its gadgets in more living rooms and kitchens. The company continued with that approach this week, announcing over a dozen new voice-controlled products, including wireless […]
US pulling investment from China would be an ‘unmitigated disaster,’ says Yale’s Stephen Roach
U.S.-China trade talks have hit another snag. The next chapter in the saga involves the Trump administration considering cutting back on investments in China, a source familiar with the matter told CNBC Friday. Stocks fell in response, with the Dow Jones Industrial Average shedding over 150 points. If the White House […]
Vermont’s maple syrup industry is making a comeback. Climate change could put that at risk
Sugar maple harvest in Vermont Universal Images Group via Getty Images Vermont’s maple syrup industry has entered a renaissance in the 21st century following decades of decline, becoming one of the Green Mountain State’s preeminent industries. In 2018, the value of Vermont’s maple syrup production exceeded $54.3 million, and accounted […]
British tanker close to docking in Dubai after detention by Iran
Pictures from the semi-official Tasnim news agency show the Stena Impero being seized and detained between July 19 and July 21, 2019 in Bandar Abbas, Iran. Getty Images A British-flagged tanker that was detained by Iran for 10 weeks was approaching docks in Dubai on Saturday, after a standoff that […]
Xi’s historic power grab has cost China a great deal of stability
This isn’t the outcome President Trump anticipated, now 15 months into his trade war with China. Chinese President Xi Jinping this Tuesday will stage the mother of all military parades through central Beijing, celebrating not only the 70th anniversary of the People’s Republic — but also underscoring his quest for […]
Hong Kong protesters rebuild ‘Lennon Walls’ ahead of China National Day
A man uses sticky notes to create an image on a new “Lennon Wall” by the government offices in the Admiralty area in Hong Kong on September 28, 2019, as activists mark the fifth anniversary of the “Umbrella Movement”, a failed 79-day occupation that called for universal suffrage. NICOLAS ASFOURI […]
Trump told Russians in 2017 he was not concerned about election meddling, report says
President Donald Trump speaks in the Oval Office in Washington, DC. Win McNamee | Getty Images President Donald Trump told two Russian officials in a 2017 meeting that he was not concerned about Moscow’s meddling in the U.S. election, which prompted White House officials to limit access to the remarks, […]
Everything Jim Cramer said on ‘Mad Money,’ including investing next week, foreign drug stocks
CNBC’s Jim Cramer reacts to the Trump administration’s move to consider stopping U.S. investors from investing into China’s businesses and debriefs the 2019 class of IPOs. The “Mad Money” host makes recommendations for investors who are worried about the future of the American health care system. He holds an interview […]