At least six Chinese electric car companies made product announcements in the last week.
IRS to target ‘unscrupulous’ tax preparers amid crackdown of small business tax credit
The IRS has unveiled plans to crack down on tax preparers with “questionable practices” as it elevates scrutiny of a small business tax credit.
Apple closes little changed as new iPhone is released. How to play the stock
Pros on CNBC debated Apple after the company launched its highly anticipated iPhone 15 on Friday.
Stocks making the biggest moves midday: Ford, Scholastic, Squarespace, Deere and more
These are the stocks posting the largest moves in midday trading.
Passport delays are still long: Apply at least 6 months ahead of travel, says State Department
Record-high demand for passports has led to backlogs that haven’t eased since the spring.
Credit card losses are rising at the fastest pace since the Great Financial Crisis
Goldman Sachs predicts credit card losses will continue to climb through the end of 2024 or early 2025 for most issuers.
Two key Fed officials express support for keeping interest rates high
The central bank official said there’s still the possibility that the Fed will have to raise rates further if economic data doesn’t cooperate.
The ‘Great IPO Reopening’ may be on hold: rising rates and weaker stocks are a killer
Cash-strapped unicorns have three choices: raise additional capital in the private markets, merge or be bought out; move into the public markets.
Stocks making the biggest moves premarket: AstraZeneca, Wayfair, Alibaba and more
These are the stocks posting the largest moves before the bell.
Apple’s iPhone 15 launches in China with people flocking to stores — even as Huawei revival emerges
People flocked to an Apple store on Friday to pick up the latest iPhone, despite market worries that nationalistic fervor would dampen the U.S. company’s sales in China.