Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Brendan McDermid | Reuters BEIJING — It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off. The company’s cloud computing unit was
Month: January 2024
Mark Edward Atkinson | Tetra Images | Getty Images Beneficiaries who rely on monthly checks from the Social Security Administration will get a 3.2% benefit increase now that the calendar has turned to 2024. Those who receive Supplemental Security Income, or SSI, are first in line to receive those enhanced benefit checks. About 7.5 million
In this article F Follow your favorite stocksCREATE FREE ACCOUNT The Ford F-150 Lightning Electric Truck. John Tlumacki | Boston Globe | Getty Images DETROIT – Ford Motor is increasing the price of some 2024 F-150 Lightning models, while lowering the costs of its most expensive models. The Detroit automaker confirmed Wednesday that new starting
Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little in the way of when that might occur, according to minutes from the meeting released Wednesday. At the meeting, the rate-setting Federal Open Market Committee agreed to hold its benchmark rate steady in a range
Being a millionaire businesswoman and investor comes with lots of hard work and even more responsibility. Barbara Corcoran’s calendar system helps her stay productive. The 74-year-old “Shark Tank” star says that success starts with putting pen to paper. That may seem counterintuitive, given the plethora of online scheduling websites and mobile apps available today. “Most
Nancy Ney | Photodisc | Getty Images The new year has ushered in a big change to 529 college savings plans, which has made the accounts more attractive to some investors. But the adjustment may have unexpected downsides, experts say. Starting in 2024, families can roll unused 529 plan funds to the account beneficiary’s Roth
The Federal Reserve‘s effort to bring down inflation has so far been successful, a rare feat in economic history. The central bank signaled in its latest economic projections that it will cut interest rates in 2024 even with the economy still growing, which would be the sought-after path to a “soft landing,” where inflation returns to the Fed’s
Spain Tax Reform: Madrid, Catalonia, and Other Considerations Skip to content Home • Blog • Spanish Regions Are Not Surrendering Their Tax Competitiveness without a Fight Spain’s central government could learn some valuable lessons from its regional governments about sound taxA tax is a mandatory payment or charge collected by local, state, and national governments
In this article MAERSK.B-DK Follow your favorite stocksCREATE FREE ACCOUNT A cargo ship crosses the Suez Canal, one of the most critical human-made waterways, in Ismailia, Egypt on December 29, 2023. (Photo by Fareed Kotb/Anadolu via Getty Images) Anadolu | Getty Images The threat to global trade in the Red Sea remains high, even with
Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, May 23, 2019. Ann Saphir | Reuters Richmond Federal Reserve President Thomas Barkin on Wednesday expressed confidence that the economy is on its way to a soft landing, but obstacles remain that will
Skyline of Riyadh in Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Saudi Arabia’s Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, accounting for about a quarter of the $124 billion splashed by state-owned investors, according to a preliminary report by research consultancy Global SWF. The Saudi
Georgijevic | E+ | Getty Images With U.S. Federal Reserve officials expecting to cut interest rates in 2024, there are steps investors can take now to prepare. The central bank’s latest summary of economic projections, issued in December, indicates three cuts may be coming this year. (This assumes each is a quarter-percentage-point decrease.) The Fed