Tesla to pursue reduced Shanghai production through January

Inflation declined slightly last month on the back of weaker prices at the gasoline pump and a broader easing of price pressures throughout the U.S. economy, experts said. The consumer price index in November increased 3.1% from 12 months earlier, down from 3.2% in October, the U.S. Bureau of Labor Statistics said Tuesday. “There is still a lot of disinflationary […]

Oil prices began to retreat on Thursday afternoon as it became clear that OPEC+ members were agreeing to voluntary cuts beginning in the new year, and that those cuts would be announced only by each member country instead of by the group as a whole. OPEC+ announced during the full OPEC+ meeting on Thursday that […]

Americans now owe $1.08 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances spiked by $154 billion year over year, notching the largest increase since 1999, the New York Fed found. “Credit card balances experienced a large jump in the third quarter, consistent […]

Google is cutting hundreds of jobs in its global recruiting organization as part of a broader pullback in hiring over the next several quarters, CNBC has confirmed. “We unfortunately need to make a significant reduction to the size of the recruiting organization,” Brian Ong, Google’s recruiting vice president, told employees in a Wednesday video meeting, […]

Prices that consumers pay for a wide variety of goods and services increased at a slightly faster-than-expected pace in September, keeping inflation in the spotlight for policymakers. The consumer price index, a closely followed inflation gauge, increased 0.4% on the month and 3.7% from a year ago, according to a Labor Department report Thursday. That compared with […]

Oil prices fell, with the US benchmark tumbling below $90 a barrel, as worries about further interest rate increases and a slowdown in the economy roiled broader markets. West Texas Intermediate traded near $89 a barrel, reversing course after an earlier increase of 1.2%. The S&P 500 slipped and the dollar rose, with investors awaiting […]

Inflation accelerated for a second month in August on a spike in gasoline prices and an underlying measure of household expenses rose more than anticipated, highlighting that the Federal Reserve’s battle to tame consumer prices may not be over. Goods such as used cars and furniture kept drifting down in price, partly offsetting a climb in rent, travel […]

The unemployment rate rose sharply in August, as the summer of 2023 neared a close with a job market in slowdown mode. Nonfarm payrolls grew by a seasonally adjusted 187,000 for the month, above the Dow Jones estimate for 170,000, the U.S. Bureau of Labor Statistics reported Friday. However, the unemployment rate was 3.8%, up significantly from […]

An aggressive August selloff in long-dated Treasurys, which began with worries about the fiscal outlook, is now being driven by expectations U.S. interest rates likely won’t return to the past decade’s lows. Investors and traders resumed the selloff on Monday, sending the 10-year rate BX:TMUBMUSD10Y to 4.339% or its highest 3 p.m. New York time level since […]

Americans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1 trillion for the first time ever, the New York Federal Reserve reported Tuesday. Total credit card indebtedness increased by $45 billion in the April-through-June period, an increase of more than 4%. That took the total […]

Oil price were little changed on Tuesday, trading near a three-month high reached on Monday, on signs of tightening global supply as producers implement output cuts and strong demand in the United States, the world’s biggest fuel consumer. Brent crude futures for October were at $85.30 a barrel at 0135 GMT, down 13 cents or […]

Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth and leading a major transformation of the auto industry that has implications for the energy sector, especially oil. The new edition of the IEA’s annual Global Electric Vehicle Outlook shows […]

Google on Monday announced an artificial intelligence chatbot technology called Bard that the company will begin rolling out in the coming weeks. The announcement confirms CNBC’s prior reporting. Bard will compete directly with rival ChatGPT, an AI service created by OpenAI. Bard is powered by the company’s large language model LaMDA, or Language Model for Dialogue Applications. Google will open up […]

The S&P 500 (SP500) on Friday slumped to its third straight weekly loss, falling 0.20% to 3,844.82 points for the final full trading week of the year. Sentiment has been dampened by worries over the future of interest rate hikes by the Federal Reserve. Economic data released through the week pointed to a still robust […]

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A one-and-done portfolio of commercial real estate in top-growth markets. Assets include apartment, hotel, industrial and other properties

TAIPEI, Taiwan (AP) — China’s military sent 71 planes and seven ships toward Taiwan in a 24-hour display of force directed at the self-ruled island, Taiwan’s Defense Ministry said Monday, after China expressed anger at Taiwan-related provisions i n a U.S. annual defense spending bill. China’s military harassment of Taiwan, which it claims is its own […]

Diversified portfolios for investors who want it all.

A one-and-done portfolio of commercial real estate in top-growth markets. Assets include apartment, hotel, industrial and other properties