Author: Daniel snow

[ad_1] Private jets parked at the Friedman Memorial Airport during the Allen & Company Sun Valley Conference on July 10, 2025 in Sun Valley, Idaho. Kevin Dietsch | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The new federal spending bill is expected to boost sales of private jets, as owners take advantage of faster write-offs of the purchase price.Jet brokers and advisors said they’ve seen a burst of activity from clients who were holding off…

[ad_1] Readers respond to articles about childhood vaccinations and a rise in measles cases. Also: Justice Amy Coney Barrett’s independent path. [ad_2] Source link

[ad_1] Warner Bros.’s stock rallied toward a seven-month high after “Superman” extended the movie studio’s streak of megahits. [ad_2] Source link

[ad_1] A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024.Justin Sullivan | Getty ImagesOver-inflated home prices, high mortgage rates, rising supply and falling demand are all joining forces to cool the nation’s housing market.Annual home price growth in June was just 1.3%, down from 1.6% growth in May and the slowest rate in two years, according to ICE, a mortgage technology firm.Nearly one third of the largest 100 markets are now showing annual price declines of at least a full percentage point from recent highs, and the trend suggests more…

[ad_1] As megacities slow, multinationals from Starbucks to Skechers are chasing growth in China’s inland cities, where brand loyalty is strong and competition is thinner [ad_2] Source link

[ad_1] Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta CEO Mark Zuckerberg on Monday said he plans to invest “hundreds of billions of dollars” into artificial intelligence compute infrastructure, and that Meta plans to bring its first supercluster online next year.A supercluster is a large, complex computing network that’s designed to train advanced AI models and handle their workloads. “Meta Superintelligence Labs will have industry-leading levels of compute and by far the greatest compute per researcher,” Zuckerberg wrote in a Facebook post on…

[ad_1] One of the biggest European Union imports to the U.S. is automobiles. [ad_2] Source link

[ad_1] With talent in short supply and the nation’s workforce more mobile than ever, companies are seeking to locate in places where workers want to live. That makes quality of life an economic issue. And state economic development organizations are leaning into that as they pitch their states to business.”Connecticut is one state with a whole lot of everything,” the state’s Department of Economic and Community Development declares on its website, which goes on to tout the state’s “good quality of life” more than half a dozen times.”New Mexico offers a place your employees will love and want to stay,”…

[ad_1] Construction on the Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Wednesday, June 25, 2025. Al Drago | Bloomberg | Getty ImagesThe Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue.Fed Chair Jerome Powell asked for the review, following blistering criticism of the project, initially pegged at $2.5 billion but hit by cost overruns that have brought accusations from President Donald Trump and other administration officials of “fundamental mismanagement.””The idea that the Fed could print money…

[ad_1] Ultium Cells Spring Hill, TN. September 2022.Courtesy: Ultium Cells LLCUltium Cells, a joint venture between General Motors and LG Energy Solution, said Monday it’s upgrading its facility in Spring Hill, Tennessee, to make low-cost electric vehicle battery cells.GM said the lithium iron phosphate battery cells — abbreviated LFP based on the elements’ chemical symbols — could be significantly cheaper than battery packs used in some EVs, in part because they don’t require expensive minerals like cobalt and nickel that are used in standard lithium-ion batteries.”This upgrade at Spring Hill will enable us to scale production of lower-cost LFP cell…