With major advances in missile technology, naval forces and intelligence, China is well on its way to becoming what President Xi Jinping calls a “world-class” military power by 2049. #China2030 #Asia #BloombergQuicktake ——– Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join Subscribe to Quicktake Explained: https://bit.ly/3iERrup QuickTake Originals is Bloomberg’s
Month: March 2023
CNNMoney’s Samuel Burke takes DJI’s lastest drone, the Phantom 4, out to the farm to test its collision avoidance system. It worked.
miodrag ignjatovic | E+ | Getty Images Some Medicare beneficiaries will begin paying less next month for 27 prescription drugs whose prices have increased at a rate that outpaces inflation, government officials announced Wednesday. Depending on their individual coverage, beneficiaries could save between $2 and $390 per average dose for these drugs starting April 1,
You may have heard that many taxpayers are in for a big surprise this tax season if they’re banking on a big refund check — or one that’s even close to the amount they received last year — but that’s more of a “tax myth” than reality. Last year, according to the IRS, more than
Luc MacGregor | Bloomberg | Getty Images The latest crypto rally may be good news for digital currency investors. But if you’re still recovering from last year’s losses, it may be possible to score a tax break on your 2022 return. The crypto market plunged by nearly $1.4 trillion in 2022 after a series of
Photo illustration, the Silicon Valley Bank logo is visible on a smartphone, with the stock market index in the background on the personal computer on March 14, 2023, in Rome, Italy. Andrea Ronchini | Nurphoto | Getty Images Goldman Sachs on Wednesday lowered its 2023 economic growth forecast, citing a pullback in lending from small-
Spencer Platt | Getty Images News | Getty Images German automaker BMW on Wednesday set out targets to slightly increase margins for its automotive segment and raise deliveries this year, as it pushes ahead with the rollout of its electric fleet. The company said it expects an EBIT (earnings before interest and taxes) margin of
In this article AAL JBLU UAL Follow your favorite stocksCREATE FREE ACCOUNT A JetBlue airplane at Ronald Reagan Washington National Airport in Arlington, Virginia, on March 9, 2023. Stefani Reynolds | AFP | Getty Images Airline stocks slid Wednesday as the market fell broadly amid concerns over stability of some banks and new data that
A customer shops at a grocery store in Brooklyn on Feb. 14, 2023. Michael Nagle/Xinhua via Getty Images The annual inflation rate in February continued its gradual cooling trend, though it remained well above policymakers’ target. Inflation is a measure of how quickly prices are rising or falling in the U.S. economy. The consumer price
Chinese tourists are raring to travel again. But this time, the usual suspects — Venice, Paris and Madrid, for example — aren’t their top picks. As China’s reopening gains momentum after three years of Covid-19 restrictions, the country’s travel-hungry citizens are emerging much changed, according to the Chinese Outbound Tourism Research Institute, an independent consulting company
Pictured here is Shanghai’s Lujiazui Financial District on June 7, 2022. Vcg | Visual China Group | Getty Images BEIJING — Ratings agency Moody’s said Wednesday it maintained a “negative” outlook on China’s banking sector as a result of a drawn out recovery after Beijing’s Covid controls ended. China’s economy missed a national growth target
In this article SBGI Follow your favorite stocksCREATE FREE ACCOUNT The Ohio Cup Trophy on top of a Bally Sports logo prior to a game between the Cincinnati Reds and Cleveland Guardians at Progressive Field on May 17, 2022 in Cleveland, Ohio. George Kubas | Diamond Images | Getty Images Diamond Sports Group, the largest
Before a rocket can blast off into space, it must travel 4.2 miles from the Vehicle Assembly Building to the launchpad in Cape Canaveral, Florida. That’s where NASA’s crawler-transporters come in. They’re the largest self-powered vehicles on the planet, and they’re designed to transport rockets to the launchpad. We got an inside look at how
F1 is undergoing a kind of revolution, with new rules, new tech, new teams, and new fans – boosted by the Netflix show Drive to Survive. Ahead of the first race of the season in Bahrain, the FT goes behind the scenes at the McLaren Technology Centre, where the team is competing to get their
Internet sleuths are able to use techniques like geolocation and visual cues to find out exactly where – and when – an image was taken. Mathematician Hannah Fry explains. — Do you want to know what your future holds? A life beyond 150 years old? A world where computers can read our emotions? A planet
The Chevrolet ZH2, being developed by General Motors and the U.S. Army, runs on a hydrogen fuel cell which turns fuel into water to make the truck run.
Damircudic | Getty Images One of the ground rules for individual retirement account contributions is you must have “earned income,” such as wages or salary from a job or self-employment earnings. But there’s a special exception, known as a spousal IRA, which allows you to contribute based on your spouse’s earnings if you file taxes
Despite the 2008 financial crisis, bank failures are considered extremely rare. However, the unexpected shutdowns of Silicon Valley Bank and Signature Bank have many consumers concerned about their deposits, their bank and the U.S. banking system. “Every American should feel confident their deposits will be there if and when they need them,” President Joe Biden said Monday in an address aimed at
In this article SCHW Follow your favorite stocksCREATE FREE ACCOUNT Ron Baron, founder of Baron Capital Anjali Sundaram | CNBC Longtime investor Ron Baron said he bought the dip in Charles Schwab during Monday’s double-digit sell-off, CNBC’s Becky Quick reported. The 79-year-old investor said he “modestly increased” his position in the financial name, seeing Monday’s
In this article SIVB Follow your favorite stocksCREATE FREE ACCOUNT Silicon Valley Bank CEO Greg Becker sold nearly $30 million of stock over the past two years, raising new questions over insider stock sales. Becker sold $3.6 million worth of shares on Feb. 27, just days before the bank disclosed a large loss that triggered
In this article IEP Follow your favorite stocksCREATE FREE ACCOUNT Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Famed investor Carl Icahn believes the U.S. economy is in trouble because of poor corporate leadership and stubbornly high inflation. “The system is breaking down, and
In this article TSN Follow your favorite stocksCREATE FREE ACCOUNT A package of Tyson Foods Inc. chicken is arranged for a photograph in Tiskilwa, Illinois. Daniel Acker | Bloomberg | Getty Images Tyson Foods will close two chicken plants in May, affecting nearly 1,700 employees. “While the decision was not easy, it reflects our broader
In this article SBNY Follow your favorite stocksCREATE FREE ACCOUNT A man walks by the headquarters of Silicon Valley Bank on March 10, 2023 in Santa Clara, California. Liu Guanguan | Getty Images The unexpected shutdowns of Silicon Valley Bank and Signature Bank have prompted new questions about the level of protection for bank deposits
Barbara Corcoran knows good deals aren’t solely built on dollar signs. They depend on timing and emotional intelligence, too. The secret is to focus more on appeasing the personality of the person across the table than money, says the 73-year-old entrepreneur and investor on ABC’s “Shark Tank.” That’s true whether you’re buying an apartment, selling
Allan Baxter | Photolibrary | Getty Images Asia-Pacific’s leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday. The MSCI Asia Pacific index hit a low of 155.44 in afternoon trade – marking a decline of more than a 9% from its Feb. 2 high of 171.26
In this article GTLB Follow your favorite stocksCREATE FREE ACCOUNT People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021. Source: Nasdaq GitLab shares plunged as much as 38% in extended trading after the provider of source code management software gave full-year revenue guidance that fell short of expectations. Here’s how the company did:
In this article UAL Follow your favorite stocksCREATE FREE ACCOUNT United Airlines shares fell about 6% in afterhours trading on Monday after the carrier forecast a first-quarter loss, citing weaker demand growth compared with other months and higher fuel costs. The carrier expects an adjusted quarterly loss of between 60 cents and $1 per share,
system You are a tutor that always responds in the Socratic style. You *never* give the student the answer, but always try to ask just the right question to help them learn to think for themselves. You should always tune your question to the interest & knowledge of the student, breaking down the problem into
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A change in the rules means university sports stars in the US can now make money from their name, image and likeness, through sponsorship and endorsement deals. But will they ever get paid to play? The FT talks to athletes, agents and policymakers to see how NIL is changing the game and whether the age
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