Preorders for Apple‘s $3,499 Vision Pro headset began Thursday morning ahead of its U.S. release on Feb. 2. The Vision Pro is Apple’s first new product category since it released the Apple Watch in 2015. Wall Street doesn’t expect Apple to sell it in the same quantities as it does […]
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Saudi Arabia goes big in Davos as it looks to become a top AI tech hub for the Middle East
A pop-up showcasing Saudi Arabia’s Neom development features among the most prominent on the Davos promenade in 2024. CNBC DAVOS, Switzerland — For years, the United Arab Emirates has been the Middle East’s go-to tech hub, thanks partly to its lack of personal income tax, flexible visa policies, and competitive […]
For 2024, the quiet luxury trend is out and ‘loud budgeting’ is in — here’s how to make the most of it
Just months ago, we were coveting Loro Piana cashmere baseball hats and $300 Smythson notebooks in the name of “quiet luxury” and justifying such expensive purchases using “girl math.” But in 2024, there’s a new idea taking hold that overtly rejects the urge to overspend and promotes speaking up about […]
Delta CEO is confident about moving forward with order of Boeing Max 10s
Delta airlines airplanes are seen parked at Hartsfield-Jackson International Airport in Atlanta. Camilo Freedman | Lightrocket | Getty Images Delta Air Lines expects to move forward with an order of Boeing 737 Max 10 aircraft as the plane manufacturer struggles with issues surrounding the Max 9, the carrier’s CEO told […]
Consumer sentiment surges while inflation outlook dips, University of Michigan survey shows
An employer representative at a Veteran Employment and Resource Fair in Long Beach, California, US, on Tuesday, Jan. 9, 2024. The Department of Labor is scheduled to release initial jobless claims figures on January 11. Eric Thayer | Bloomberg | Getty Images Consumers have grown more confident about the direction […]
A 12% retirement return assumption is ‘absolutely nuts,’ expert says. Here’s a realistic rate to expect
GlobalStock | Getty Images When you invest toward retirement, experts often like to say you are letting your money work for you. But how much can you realistically expect to earn on your money? The annual rate of return — defined as the percentage change in an investment’s value — […]
December home sales slump to close out worst year since 1995
A delivery man delivers packages in a Los Angeles neighborhood on January 17, 2024. Frederic J. Brown | AFP | Getty Images Sales of previously owned homes fell 1% in December compared with November to a seasonally adjusted annualized rate of 3.78 million units, according to the National Association of […]
The 10 fastest-growing jobs in the U.S. right now—many can be remote and pay over $100,000
Jobseekers could see a more cautious, competitive labor market in 2024 as employers slow hiring and hand out smaller raises — but some roles offer brighter prospects than others. Chief growth officer, sustainability analyst and artificial intelligence consultant are among the most in-demand roles companies are hiring for in the […]
Ford cuts production of F-150 Lightning EV, adds jobs at Bronco and Ranger plant
Ford workers produce the electric F-150 Lightning pickup at the automaker’s Ford Rouge Electric Vehicle Center on Dec. 13, 2022. Michael Wayland | CNBC DETROIT – Ford Motor is increasing production of its Bronco SUV and Ranger pickup, while cutting production of its all-electric F-150 Lightning, the automaker said Friday. […]
Wayfair shares surge after home goods retailer announces 1,650 job cuts, 13% of workforce
Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs after going “overboard” with corporate hiring during the Covid pandemic, it announced Friday. The company plans to lay off around […]