China’s upcoming Third Plenum is expected to address critical issues such as high local government debt levels and the push for advanced manufacturing. The delay in this much-anticipated policy meeting reflects the urgency for structural reforms beyond the real estate sector. Analysts are looking for a shift towards an alternative fiscal system to reduce reliance
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The dream of owning a home is becoming increasingly challenging for Gen Zers, with about 22% citing the lack of affordable starter homes as a major barrier. In response to this, some are considering fixer-upper homes as a potential solution to this issue. A fixer-upper is typically an existing house that requires varying degrees of
Paris, known as the City of Light, is seeing a significant decrease in tourism this summer due to the influx of Olympic athletes. Delta Air Lines reports that travelers are choosing to book flights to other destinations instead of Paris, resulting in a $100 million loss for the airline. CEO Ed Bastian stated that unless
Audi, the premium automotive brand owned by Volkswagen, has recently announced a multiyear partnership with Inter Miami CF, a South Florida soccer club. The decision to team up with the soccer club comes as Audi aims to expand its reach within the growing soccer fan base in the United States. According to Emilie Cotter, Chief
Inflation rates in June experienced a decrease, mainly due to lower gasoline prices and other easing price pressures that brought relief to consumers’ wallets. According to the U.S. Labor Department, the consumer price index, which is a crucial inflation measure, rose by 3% in June compared to the previous year. This was a decrease from
The National Football League is exploring the possibility of allowing minority private equity ownership for its 32 teams, with Commissioner Roger Goodell sharing insights in an exclusive CNBC interview. Goodell emphasized the need for the league’s policies to evolve in line with the changing dynamics of the sports industry. The proposal under consideration would permit
Pfizer recently announced its decision to proceed with the development of a once-daily version of its weight loss pill, danuglipron, following positive outcomes in an ongoing early-stage study. The company has identified a specific formulation of the drug that exhibits a favorable safety profile and is well-tolerated by the body. To further evaluate the potential
PepsiCo’s recent quarterly results have highlighted some challenging trends in the North American market. The company reported mixed results, with declining demand for its drinks and snacks in the region. This has led to PepsiCo narrowing its revenue outlook for the full year, indicating a more cautious approach in the face of changing consumer behavior.
Housing inflation in the US economy has proven to be a stubborn issue, persisting at high levels even as other areas of inflation have cooled significantly post-pandemic. The slow decline in housing inflation has been identified as a major factor hindering the consumer price index from reaching policymakers’ target levels. According to Joe Seydl, a
The CNBC Investing Club with Jim Cramer recently held a “Morning Meeting” livestream where a number of key moments were discussed. Thursday saw the S & P 500 and Nasdaq pull back from record highs after a lower-than-expected inflation report. This led investors to shift their focus from Big Tech stocks to smaller-cap names. The
