Shoppers at the new H Mart during their grand opening in Westminster, CA, on Thursday, August 7, 2025. Jeff Gritchen | Medianews Group | Getty Images It was a stellar day for markets as all three major U.S. stock indexes closed at record highs on Wednesday. That’s despite a sharper-than-expected month-on-month growth in U.S. consumer…
Singapore’s reputation as a safe harbor for wealthy mainland Chinese families is fading, reversing an inflow that came at the expense of rival wealth hubs like Hong Kong and Japan. Its allure for China’s wealthy surged after 2019, when a wave of pro-democracy protests in Hong Kong led to a clampdown by Beijing and the…
Atlantide Phototravel | Corbis Documentary | Getty Images Asia-Pacific markets were set to trade higher, tracking Wall Street gains overnight. Japan’s benchmark Nikkei 225 was set to open higher after hitting a fresh record high on Thursday. The futures contract in Chicago was at 44,685 while its counterpart in Osaka was at 44,520 against the…
A Spirit Airlines jet takes off above two United Airlines airplanes at Newark Liberty Airport on March 23, 2018 in Newark, New Jersey. Gary Hershorn | Getty Images LONG BEACH, Calif. — United Airlines CEO Scott Kirby on Thursday predicted Spirit Airlines is going out of business and said the once-profitable discount airline model is…
Tesla and SpaceX CEO Elon Musk arrives to the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on Jan. 20, 2025 in Washington, DC. Chip Somodevilla | Via Reuters A version of this article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor…
Offshore wind has no future as a source of electricity generation in the U.S. under the Trump administration, Interior Secretary Doug Burgum said at an energy conference in Italy this week. “Under this administration, there is not a future for offshore wind because it is too expensive and not reliable enough,” Burgum told an audience…
Former Brazilian president Jair Bolsonaro was convicted by a Supreme Court majority on Thursday of plotting a coup to remain in power after losing the 2022 election, a powerful blow to the populist far-right movement he created. The presumptive ruling by a majority of a panel of five justices in Brazil’s Supreme Court makes Bolsonaro…
A woman shops at a supermarket on April 30, 2025 in Arlington, Virginia. Sha Hanting | China News Service | Getty Images From clothing to auto parts to electronics and more, tariffs are making everyday items cost more at a time when the labor market is looking increasingly fragile. A key Bureau of Labor Statistics…
Warner Bros. Discovery stock is up 20% after report Paramount Skydance is preparing a takeover bid <
U.S. President Donald Trump and Russian President Vladimir Putin arrive for a press conference at Joint Base Elmendorf-Richardson on Aug. 15, 2025 in Anchorage, Alaska. Andrew Harnik | Getty Images Russia’s drone incursion into Poland now poses an acid test for NATO and the European Union. In a first such instance since Russia’s full-scale invasion…
