Laura King has run a caviar business for nearly 20 years and imports hundreds of kilos of the sturgeons’ eggs to the U.K. every two to three weeks.
Tesla rival Xpeng presses ahead with driver-assist rollout in China, Europe
Chinese electric car company Xpeng said this week it plans to roll out driver-assist technology in Europe by the end of next year.
Morgan Stanley says Ted Pick will succeed James Gorman as CEO on Jan. 1
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Stocks making the biggest moves after hours: Meta, Whirlpool, Mattel, Endeavor and more
These are the stocks posting the largest moves in extended trading.
The economy probably showed gangbuster growth in the third quarter. But will it last?
Gross domestic product, or the sum of all goods and services produced in the U.S. economy, is expected to post a 4.7% annualized gain for the third quarter.
Major luxury brands deliver warnings tied to high-end spending
CNBC’s Robert Frank reports on spending pull backs from the luxury consumer and what it could be signaling for the economy at large.
Alphabet shares plummet after cloud revenue falls short. What the pros say to do next
Pros on CNBC discussed Alphabet after the company missed on cloud revenue estimates in the third quarter.
Morgan Stanley’s stock playbook for this slowing, ‘late-cycle’ economy
The firm recommended a “barbell” of traditional defensive stocks, some select growth opportunities and late-cycle cyclical names.
The recession has finally begun, but only for rich Americans
Sticky inflation, white-collar layoffs, and surging interest rates are all putting pressure on a certain type of American — higher-income earners. Bank of America’s Consumer Checkpoint Survey for September 2023 found that high-income households have become more pessimistic about the economy. The same group also appears more cautious about spending because of soft wage growth… Continue reading The recession has finally begun, but only for rich Americans
Self-made millionaire: If you want a ‘game-changing’ side hustle or business, study this one CEO very closely
RSE Ventures CEO Matt Higgins says aspiring entrepreneurs and side hustlers should study one particular billionaire: Airbnb co-founder Brian Chesky. Here’s why.