The $30 billion classic car market has seen sales fall double-digits from their peak in 2021 and 2022. But a number of luxury auto brands are looking to reverse that trend by going hybrid. CNBC’s Robert Frank joins ‘Squawk on the Street’ from Monterey, California withe more.
Private jet flights are down 15% in two years as Covid-era demand wanes
The industry is grappling with waning demand and a new competitive landscape for high-end travel.
Stocks making the biggest moves premarket: H&R Block, Applied Materials, Microchip, JD.com and more
These are the stocks posting the largest moves in premarket trading.
China’s central bank says risks from local government debt have dropped
China’s financial risks have dropped, including from local government debt, People’s Bank of China Governor Pan Gongsheng said in interviews with state media.
Stocks making the biggest moves after hours: Applied Materials, Autodesk, Coherent, H&R Block and more
These are the stocks posting the largest moves in after-hour trading.
Here’s the deflation breakdown for July 2024 — in one chart
Prices in some areas of the U.S. economy have deflated, meaning they’ve declined.
Warren Buffett did something curious with his Apple stock holding
The identical 400 million share count in Apple and Buffett’s oldest and longest position Coca-Cola prompted some to believe he is done selling the tech stock.
Stocks making the biggest moves midday: Walmart, Nike, Dell, Tapestry and more
These are the stocks posting the largest moves in midday trading.
Consumer spending jumped in July as retail sales were up 1%, much better than expected
Retail sales were projected to increase 0.3% in July, according to the Dow Jones consensus estimate.
Klarna takes on banks with a personal account and cashback rewards ahead of IPO
Klarna, best known for its buy now, pay later loans, is launching a personal account for deposits and cashback rewards in the U.S. and Europe.