Business and Finance

financial news, stocks, investing, and market trends, as well as stories on major companies and their leaders.

Turkish President Erdogan seals election victory to enter third decade in power

Turkish President and Justice and Development (AK) Party leader Recep Tayyip Erdogan delivers a speech during his party group’s meeting at the Turkish Grand National Assembly (TGNA) in Ankara, May 18, 2022. Adam Altan | AFP | Getty Images Turkish media reported on Sunday that Recep Tayyip Erdogan had won Turkey’s 2023 presidential election, extending …

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Gloria Richards’ lucrative side hustle: Nannying for the ultra-rich

When Gloria Richards isn’t performing off-Broadway, she travels with the children of billionaires, often whom she has never met, around the world. Richards spends half of each year nannying to the ultra-rich to supplement her income between off-Broadway shows and one-woman shows in New York and Virginia. The gig earns her up to $167 an …

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Content creators bring thousands of wedding shoots for TikTok and Instagram

When Alejandra Hernandez got married in April 2022, she had her 14 bridesmaids sit down the day before the wedding with one request: “Please capture as much of my wedding as possible. I want to be able to watch in back and have that behind-the content of the scenes.” She knows it was a tall …

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Airlines are turning to larger planes to avoid airport congestion

“Now Boarding” is a weekly podcast about air travel and the business of flying. CNBC Airlines Reporter Leslie Josephs and CNBC Senior Producer Erin Black delve into topics such as turbulence, airline status, boarding, jumbo jets and all things aviation. Watch this episode and more on CNBC’s YouTube channel every Sunday. In this episode of …

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Global demand for Asian movie and TV streaming is growing

Scene from Netflix’s “Squid Game” Source: Netflix The popularity of netflixThe hit drama “Squid Game” and other Korean series, along with the recent success of movies like “Minari” and “Everything Everywhere All At Once,” have helped boost demand for movies and TV shows in Asian language in the world. Much of this demand comes from …

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Biden and GOP reach tentative agreement to avoid default

WASHINGTON — House Republicans reached a tentative agreement Saturday night with the White House to address the nation’s borrowing limit and avoid a catastrophic default on U.S. sovereign debt, Chairman Kevin McCarthy confirmed. “We have reached an agreement in principle,” McCarthy said on Capitol Hill on Saturday. “We still have a lot of work to …

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Microsoft keyboard users are ‘so devastated’ the accessories are no longer available

Brittany Matter’s home office includes the mouse, keyboard, and numpad that are part of the discontinued Microsoft Sculpt Ergonomic Desktop bundle. She puts the keyboard in a backpack when she travels because she likes to be comfortable when working. Material Brittany When Microsoft CEO Satya Nadella said in a note in January that there would …

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How to Invest as the Federal Debt Ceiling Maturity Approaches

Yellow Dog Productions | Getty Images More Ask an Advisor Here are more views from the FA Council on how to navigate this economy while building wealth. Preston Cherry, a certified financial planner and founder and president of Concurrent Financial Planning in Green Bay, Wisconsin, said the debt ceiling has led to a “buildup of …

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Mark Cuban Calls Elon Musk’s Twitter Algorithm Unfair – How He Would Fix It

Mark Cuban is still frustrated with Elon Musk’s Twitter changes. This time, he accuses Musk of rigging the platform to promote his own tweets and views. Last week, Cuban wrote that he had done his own in-depth analysis of how Twitter determines who sees what posts. At the heart of the problem, said Cuban, is …

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State Farm will stop accepting home insurance claims in California

A private wildland firefighter watches for a backfire along Old Lawley Toll Road during the Glass Fire in Calistoga, California, United States, October 2, 2020. Picture taken October 2, 2020. Stephen Lam | Reuters State Farm General Insurance Company Friday announcement that it will stop accepting new claims for homeowners insurance in California, citing “rapidly …

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These are the cheapest places in the United States to buy a beach house

Whether you’re looking to buy your first home or invest in a rental property, it’s important to figure out where you can get the most bang for your buck. In May, real estate agent.com ranked the US cities where buyers will find the most affordable homes near the water. And while places like the Hamptons …

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How Janie Deegan Built Janie’s Life-Changing Baked Goods

On a hot Friday at noon, the Upper West Side, Manhattan, place of Janie’s Life Changing Baked Goods sees a steady stream of customers. Tucked below street level, the small but welcoming bakery greets customers with the rich smell of butter and a colorful display of some of its signature cookies: three-berry pie crust cookie, …

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Consumers begin to boost China’s economy, ETF experts say

According to Brendan Ahern of KraneShares, China’s pandemic-ridden economy is starting to see consumers open their wallets more. “We are seeing the gradual rebound of the Chinese consumer,” the company’s chief investment officer told ETF Edge this week. “[But] it’s not like flipping a switch.” China’s National Bureau of Statistics reports that retail sales have …

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Low-income Americans are paying for rich people’s credit card rewards, some economists say

Have you ever gotten a free flight with your Delta SkyMiles map? Or maybe you have the advantage of crossing the fast TSA PreCheck line at the airport instead of waiting on the usually very long general security line due to your Capital One Venture Rewards Card. In regards to 90% of all credit card …

Low-income Americans are paying for rich people’s credit card rewards, some economists say Read More »

Risky options for Main Street cash, credit as banks say no to lending

Under current banking and credit conditions, many small businesses are likely to be bombarded with offers for online loans and cash advances. Some of those deals, however, could drag the company down — or lower — into the debt rabbit hole. Certainly, online lending platforms can make it easier for small businesses to get financing, …

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