A pedestrian passes in front of the Saks Fifth Avenue Inc. women’s store at Brookfield Place in New York, U.S. Allison Joyce | Bloomberg | Getty Images Saks Global named a new CEO on Friday as the retailer is reportedly on the cusp of filing for bankruptcy protection. The parent of Continue Reading
Stocks making the biggest moves premarket: BIDU, W, TSLA TSM
Check out the companies making the biggest moves in premarket trading: Baidu — The Chinese tech giant jumped 12% after it said it plans to spin off its semiconductor unit , Kunlunxin, and list it in Hong Kong. Wayfair , RH , Williams-Sonoma — The home goods retailers rose following Continue Reading
Fed Chair Powell staying on Fed board or going?
It’s one of the most important questions surrounding the Federal Reserve in 2026, and Fed Chair Jerome Powell has been pointedly mum. “I’m focused on my remaining time as chair,” Powell said at the December press conference. “I haven’t got anything new on that to tell you.” The question: whether Continue Reading
Norway new car sales hit 96% electric in 2025 as Tesla dominates
A Tesla car is being charged at a Tesla electrical vehicle charging station in Norheimsund, Norway on August 22, 2025. Sergei Gapon | Afp | Getty Images A record-breaking year for electric vehicle (EV) sales in Norway puts the country within touching distance of effectively erasing gasoline and diesel cars Continue Reading
Meet the 2026 stock market. It’s the same AI-reliant market of 2025
Trader Peter Tuchman wears “2026” glasses as traders work on the floor of the New York Stock Exchange at the opening bell on Dec. 31, 2025. Timothy A. Clary | Afp | Getty Images The new year is starting off looking a lot like the old one. The first trading Continue Reading
Why airline class wars will intensify in 2026
Planes line up on the tarmac at LaGuardia Airport on November 10, 2025 in New York City. Spencer Platt | Getty Images News | Getty Images From Spirit Airlines’ fight for survival to American Airlines‘ planned glow-up, from new international routes and brand-new airport lounges to stingier frequent flyer policies, Continue Reading
Berkshire has the best odds of lasting a century
Warren Buffett said Berkshire Hathaway is better positioned than any company to endure for the next century as he handed over the CEO reins to his successor Greg Abel, whom he strongly endorsed. “It has a better chance I think of being here 100 years from now than any company Continue Reading
Orsted files challenge over Trump’s halt to Revolution Wind project
A turbine blade is lifted onto a rack near tower sections at the Revolution Wind project assembly site at State Pier in New London, Connecticut, US, on Friday, Oct. 24, 2025. Bloomberg | Bloomberg | Getty Images Danish renewables giant Orsted, the world’s largest developer of offshore wind farms, said Continue Reading
China’s BYD to overtake Tesla as world’s top EV seller for first time
Imported BYD vehicles are parked at a port on March 27, 2025 in Yokohama, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images Chinese auto giant BYD on Friday is expected to dethrone U.S. rival Tesla as the world’s biggest seller of electric vehicles on a calendar-year basis. The Continue Reading
China’s property slump to persist as consumers shift to rentals: UBS
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email John Lam, Head of China & HK Property Research at UBS Investment Bank, explains why he sees a 10% decline in property prices and new home sales in China for 2026. He also explains why defaulting developers Continue Reading