These days, only 12% of Americans consider themselves wealthy, including just 29% of millionaires. Some go so far as to say they’re poor.
Ferrari CEO says nearly a third of new buyers are under 40, even as wait lists grow
Benedetto Vigna said that despite limited supply, the company continues to expand its reach among younger, new clients.
Stocks making the biggest moves premarket: Dick’s Sporting Goods, Fabrinet, Macy’s, AppLovin and more
These are the stocks posting the largest moves in early trading.
U.S. Commerce Secretary set to visit China next week as high-level talks continue
U.S. Secretary of Commerce Gina Raimondo is set to visit China from Aug. 27 to 30, both countries announced Tuesday.
China’s Baidu reports 15% revenue growth, beating expectations
Chinese tech company Baidu reported better-than-expected revenue, up by 15% year-on-year in the second quarter.
Palo Alto Networks soars 15% after earnings report. What the pros say to do next
Pros on CNBC discussed Palo Alto Networks after the cybersecurity company reported better-than-expected earnings.
The most expensive cars sold at Pebble Beach, even amid disappointing auctions
A $30 million Ferrari led the parade of trophy cars sold during Monterey Car Week last week.
Barbara Corcoran: A $320 coat was the ‘best investment I ever made’ at age 23—’it changed my life’
To get the part, you have to look the part, says real estate entrepreneur and investor Barbara Corcoran. A $320 coat helped her learn the lesson at a young age.
Stocks making the biggest moves midday: Palo Alto Networks, Nvidia, Tesla, Marvell and more
These are the stocks posting the largest moves in midday trading.
American workers are demanding almost $80,000 a year to take a new job
The average “reservation wage,” or the minimum acceptable salary offer to switch jobs, rose to $78,645 during the second quarter of 2023.