The Chinese government has expanded a list of products that people can trade in to get a discount of as much as 20% on new products as the country tries to boost its flagging economy. The list now includes items like microwave ovens, dishwashers, rice cookers and water purifiers. State-backed trade-in schemes already covered televisions,…
Residential homes in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. Mortgage rates in the US increased to the highest level since July. David Paul Morris | Bloomberg | Getty Images Mortgage rates last week moved higher for the fourth week in a row. That caused already very weak mortgage demand to drop even…
The grill of a Rolls Royce motor car in view of residential properties in Mayfair in London, UK, on Monday, Oct. 28, 2024. Bloomberg | Bloomberg | Getty Images British luxury carmaker Rolls-Royce Motor Cars on Wednesday said it is investing over £300 million ($369.9 million) to expand its global headquarters, citing growing demand for…
Jerome Powell, chairman of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, DC, US, on Wednesday, Dec. 18, 2024. Al Drago | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed…
Customers purchase fruit at a supermarket on December 9, 2024 in Qingzhou, Shandong Province of China. Vcg | Visual China Group | Getty Images China’s consumer prices in December edged up 0.1% year on year, in line with expectations, data from the National Bureau of Statistics showed Thursday, but the slower rise from the previous…
D-Wave Quantum CEO Alan Baratz said Nvidia’s Jensen Huang is “dead wrong” about quantum computing after comments from the head of the chip giant spooked Wall Street on Wednesday. Huang was asked Tuesday about Nvidia’s strategy for quantum computing. He said Nvidia could make conventional chips that are needed alongside quantum computing chips, but that…
EPA Lim Kimya was hit in the chest by two bullets in Bangkok’s royal quarter It had all the hallmarks of a cold-blooded, professional assassination. Next to a well-known temple in Bangkok’s historic royal quarter a man is seen on a security camera video parking his motorbike, removing his helmet, so that his face was…
President Biden said in a new interview published on Wednesday that he was considering pre-emptive pardons for people President-elect Donald J. Trump considered his political enemies, but he added that he had not yet decided what to do. “A little bit of it depends on who he puts in what positions,” Mr. Biden told USA…
Submitted photo Rocky Sickmann met Jimmy Carter the day after he landed in Germany after being held in Iran for over a year Out of the many mourning former President Jimmy Carter, not everyone can say he saved their life. Rocky Sickmann was a 22-year-old US Marine stationed at the American embassy in Tehran, Iran,…
US President Joe Biden has said he thinks he would have defeated Donald Trump and won re-election in November. Speaking to USA Today in an exclusive interview, Biden did, however, add that he was unsure if he would have had the stamina for another four-year term. “So far, so good,” the 82-year-old said. “But who…
