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  • China stacked the deck against Augusta-made golf carts. Here's what America did about it.

    U.S. Rep. Rick W. Allen led a bipartisan, bicameral letter to Secretary of Commerce Gina M. Raimondo urging her to stand by U.S. manufacturers.

  • China slaps sanctions on 13 US military firms over Taiwan arms sale

    China has decided to impose sanctions on 13 US military firms from Thursday, in response to the sale of US arms to Taiwan, the foreign ministry said after the United States arranged for Taiwan's president to transit through its territory.

  • Year-in-Review: The 5 Best-Performing REITs of 2024

    Here are the top five performing REITs year-to-date for 2024. The post Year-in-Review: The 5 Best-Performing REITs of 2024 appeared first on The Smart Investor.

  • Super Micro whistleblower doubles down on claim he was fired for complaining about accounting practices at the $20 billion tech giant

    The company has denied allegations of improprieties and has given its accounting a clean bill of health.

  • Intel names two chip industry veterans to its board amid CEO search

    Intel on Thursday named two chip industry veterans to its board, as the struggling semiconductor firm looks for a new top boss following the recent ouster of Pat Gelsinger and tries to reclaim its lost glory. The chipmaker said Eric Meurice, former CEO of chipmaking equipment provider ASML, and Steve Sanghi, interim CEO of Microchip Technology, are the new additions to its board.

  • GM to take more than $5 billion in charges on China operations

    STORY: General Motors told investors on Wednesday it would take a more than $5 billion hit on its joint venture in China, sending its shares lower in morning trading.GM's China division, once a profit engine, is now losing money.The non-cash charges include $2.6 to $2.9 billion for restructuring costs, and $2.7 billion for reduced joint-venture value.GM has struggled to compete with carmakers in China, the world's largest auto market, as they are partly buoyed by government subsidies.GM partners with SAIC Motors in China to build Buick, Chevrolet and Cadillac vehicles.CEO Mary Barra has been transforming GM's China operations, and told investors in October that by the end of the year, there would be "a significant reduction in dealer inventory" and "modest improvements" in sales and [market] share.The automaker lost about $350 million in the region in the first three quarters of this year.Stiff competition and a price war in China have had visible effects on other automakers as well.Volkswagen, while now the best-selling brand in China, is trying to deepen ties with Chinese partners, including SAIC, for EV technology to offset flagging sales. The German automaker and SAIC agreed to extend their joint venture to 2040.And GM rival Ford is transforming its presence in China to become a vehicle export hub - though some analysts have urged all of Detroit's automakers to cut their losses and exit China altogether.

  • US trade deficit shrinks on decline in imports by most since November 2022

    The U.S. trade deficit contracted sharply in October as imports declined by the most since late 2022, potentially positioning trade to contribute to economic growth in the fourth quarter. The trade gap narrowed 11.9% to $73.8 billion from a revised $83.8 billion in September, the Commerce Department's Bureau of Economic Analysis said on Thursday. Economists polled by Reuters had forecast the trade deficit easing to $75.0 billion from the previously reported $84.4 billion in September.

  • StanChart to hire more wealth managers in Hong Kong, Singapore under US$1.5 billion plan

    Standard Chartered will hire more relationship managers in Hong Kong, Singapore and the United Arab Emirates (UAE) as part of a five-year plan to oversee an additional US$200 billion of new money from clients, after a stellar performance last quarter. "We are going to grow the private bank in Singapore, Hong Kong, UAE, and also we have an advisory centre in London," said Judy Hsu, CEO of wealth and retail banking. "A significant portion of our investment will enhance those capabilities that supp

  • Warren Buffett’s 2 secrets for hiring great leaders

    “You have to have a clear vision,” Buffett told Fortune’s Susie Gharib at the Berkshire Hathaway shareholder meeting in 2015.

  • Amazon employees are ‘rage-applying’ as its return-to-office mandate looms—experts say that’s exactly what CEO Andy Jassy wants

    The tech mammoth’s RTO push is wildly unpopular—and that could be exactly what it wants.

  • GM China to take $5B hit; 'there will be no comeback story,' expert says

    The writing was on the wall regarding GM’s woes in China — but now investors have some visibility into it.

  • Thailand, the ‘Detroit of Southeast Asia’, is at the forefront of China’s battle for the global auto market

    China has invested at least $1.4 billion in the nearby country’s auto plants.

  • Oil Prices Predicted to Plummet Below $60 Under Trump

    A recent banking survey predicts oil prices will fall below $60 per barrel by the middle of Trump's second term, despite his promises to boost domestic production.

  • At 62 With $500k in a Roth IRA and $2,000 a Month From Social Security and a Pension: Can I Retire?

    Figuring out when you can afford to retire often comes down to determining whether your assets will produce enough annual income to support your lifestyle and spending needs. If you need help deciding when to retire, connect with a financial advisor and have them build you an income plan based on your unique financial situation. […] The post I Have $500k in a Roth IRA, and Will Receive a Combined $2,000 a Month From a Pension and Social Security. Can I Retire at 62? appeared first on SmartReads

  • US Supreme Court's Gorsuch steps away from case after recusal request

    U.S. Supreme Court Justice Neil Gorsuch will not participate in an environmental case to be argued next week involving a proposed railway in Utah, the court said on Wednesday, a move that followed a call by some Democratic lawmakers for him to recuse over a possible conflict of interest. Gorsuch decided to withdraw from participating in the case consistent with the code of conduct adopted by the court last year, the statement said, but provided no further explanation. U.S. congressman Hank Johnson and 12 other Democratic lawmakers sent a letter to Gorsuch on Nov. 21 urging his withdrawal because businessman Philip Anschutz, a former legal client of the justice, has "a direct financial interest in the outcome" of the case.

  • Why Gas Markets Aren’t Scared of Mideast Conflict Right Now

    The Middle East conflict has so far not significantly impacted global oil and gas flows, reflecting the marginality of Eastern Mediterranean gas on world markets

  • 4 of America’s Largest Cities Where You Need More Than $3 Million To Retire Rich

    If you have $3 million saved up for retirement, congratulations -- you're much better off than most Americans. Only 16% of retirees even have $1 million saved, according to a recent survey from CNBC...

  • Undiscovered Gems With Strong Fundamentals For December 2024

    As global markets continue to rally, with U.S. small-cap indices like the Russell 2000 reaching new highs, investors are closely monitoring economic indicators that suggest robust consumer spending despite a manufacturing slump. In this dynamic environment, identifying stocks with strong fundamentals becomes crucial as they can offer resilience and potential growth amid geopolitical uncertainties and shifting domestic policies.

  • Onshoring gives Bath & Body Works a 'double benefit': CEO

    Bath & Body Works (BBWI) is prepping for its big holiday shopping event this week, its annual Candle Day falling on Saturday, December 7. But ahead of the new year and President-elect Donald Trump's return to the White House, how is the candle and fragrance retailer bracing for the incoming administration's proposed tariffs? Yahoo Finance senior retail reporter Brooke DiPalma joins Bath & Body Works, Inc. CEO Gina Boswell on the floor of the New York Stock Exchange (NYSE) for a conversation on the brand's supply chain and holiday promotions. "For years now, we have been doing a lot of near-shoring and onshoring, and really pleased to say that today 85% of our production manufacturing is in North America, the majority of which is really right outside our headquarters in Columbus, Ohio," Boswell tells DiPalma, adding: "The other reason for having onshoring is just flexibility with speed and agility. And for us, that's part of our differentiated model, is to be able to get our products in the stores in weeks rather than months. So it's sort of a double benefit." To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.

  • Discovering 3 Stocks That May Be Trading Below Their Estimated Value

    As global markets continue to reach record highs, driven by positive sentiment around domestic policy and geopolitical developments, investors are increasingly on the lookout for opportunities that may be trading below their estimated value. In this environment of robust market activity and economic shifts, identifying stocks that are potentially undervalued can offer a unique opportunity for investors seeking to enhance their portfolios amidst prevailing market conditions.