A man walking past a logo of fast fashion e-commerce company Shein outside its office in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty ImagesThe bottom of the barrel prices that have made Chinese-linked e-tailers Shein and Temu so popular with American consumers could soon rise if the Biden administration curtails their use of a trade law loophole.The companies, known for their $5 T-shirts and $10 sweaters, could see prices rise by at least 20% if the so-called de minimis provision is changed, a spokesperson for the Republican majority of the House Select Committee on the Chinese…
Author: usaeverydaylife
In the hours after the Columbus Blue Jackets announced that star forward Johnny Gaudreau and his brother Matthew had been killed, team president and general manager Don Waddell said he received 500 or so text messages.One hit him even harder than the rest. It was from Graham and LuAnn Snyder.On Sept. 29, 2003, the Snyders’ son, Dan, was critically injured when a car driven by Atlanta Thrashers teammate Dany Heatley was involved in a single-vehicle crash. Snyder died six days later.More than 20 years later, the family is still in touch with Waddell, who was the Thrashers’ GM at the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Adam Sullivan, CEO of Core Scientific, discusses the company’s embrace of AI compute and what the 2024 election could mean for crypto. Source link
Weiquan Lin | Moment | Getty ImagesThe third-quarter estimated tax deadline for 2024 is Monday, Sept. 16, and skipping a payment could trigger a penalty, according to the IRS.Typically, you need estimated payments for any income without tax withholdings, such as earnings from self-employment, contract or gig economy work and investment or retirement income. Some filers also need estimated payments if they haven’t withheld enough taxes from a full-time or part-time job. Estimated payments can help avoid “refund disappointment or balance due shock,” said Mark Steber, chief tax information officer at Jackson Hewitt.If you’re unsure, there’s a “general rule of thumb”…
Editor’s note: This is a Weird and Wild short. To read this week’s full Weird and Wild column, go here.For weeks now, months to be honest, we’ve been spending way too much valuable time making all-important comparisons between the 2024 White Sox and Casey Stengel’s legendarily hapless 1962 Mets. But now we know: That was actually the wrong comp.These White Sox (current record: 33-114) would need a miracle to out-win those ’62 Mets (40-120). So it’s time to do something I never thought would happen: It’s time to turn our attention to those even more legendary 1899 Cleveland Spiders (attractive final record:…
Former US President and Republican presidential candidate Donald Trump speaks during a press conference at Trump National Golf Club Los Angeles in Rancho Palos Verdes, California, on September 13, 2024. Robyn Beck | Afp | Getty ImagesShares of Trump Media shot up by more than 12% on Friday after majority owner Donald Trump said he is not selling his stake.”I have absolutely no intention of selling,” said the Republican presidential nominee, who will be free to start cashing in his nearly 57% stake in less than a week when a lockup agreement expires.This is breaking news. Please refresh for updates. Source…
Traders on the New York Stock Exchange floor on Sept. 9, 2024.Spencer Platt | Getty Images News | Getty ImagesSeptember historically hasn’t been kind to stock investors.Since 1926, U.S. large-cap stocks have lost an average 0.9% in September, according to data from Morningstar Direct. September is the only month during that nearly century-long period in which investors experienced an average loss, according to Morningstar. They saw a profit in all other months.For example, February saw a positive 0.4% return, on average. While that performance is the second-lowest among the 12 months, is still eclipses September’s by 1.3 percentage points. July…
Billionaire investor and hedge fund veteran John Paulson said Friday that he would like to see the Federal Reserve start big with its rate cuts. The Fed is expected to lower its benchmark interest rate on Wednesday, but traders are split on how big the move will be. The central bankers seem to be deciding between a cut of 25 basis points or 50 basis points. A basis point is equal to 0.01 percentage points. Paulson said Friday on CNBC’s ” Money Movers ” that he thinks a 50-basis-point cut would be more appropriate. “I think the Fed is a…
It’s finally here. The Federal Reserve is set to meet Tuesday and Wednesday — and is is widely anticipated to make its first interest rate cut after embarking on a hiking campaign in March 2022. Back then, the overnight lending rate was anchored near zero; now, it’s at 5.25% to 5.5%. It’s a long-awaited meeting for investors who hope the start of easing monetary policy will boost earnings growth for companies — especially interest-rate sensitive businesses — that had been struggling with higher inflation and elevated borrowing costs. But recent signs of slowing economic growth have investors fearful the Fed…
Tesla SemiCourtesy: TeslaA single-vehicle collision last month involving a Tesla Semi electric truck took 50,000 gallons of water to extinguish and required aircraft to dump fire retardant overhead, according to a preliminary report on Friday from the National Transportation Safety Board.The crash, which occurred on California’s Interstate 80 west of Lake Tahoe, is being investigated by the NTSB. CAL-Fire’s efforts put out the flames cooled the vehicle’s massive battery to keep it from reigniting and prevented the fire from spreading beyond the crash site, the NTSB said.The Tesla truck, driven by an employee, was headed to the company’s battery factory…
