People check-in for their flights at the airport ahead of the Thanksgiving Holiday at Hartsfield-Jackson Atlanta International Airport, in Atlanta, Georgia, U.S., November 27, 2024. Megan Varner | ReutersIt’s been another eventful year for U.S. air travel. Just five days into the year, a door panel blew off of a nearly new Boeing 737 Max, operated by Alaska Airlines, as it climbed out of Portland, Oregon, after sunset, plunging the airplane manufacturer back in crisis mode and delaying deliveries of new jets for months.Two weeks later, a federal judge blocked JetBlue Airways’ planned purchase of Spirit Airlines, leaving the smaller, battered…
Author: usaeverydaylife
A customer looks at packages of vegetables at an E-Mart Inc. store in Seoul, South Korea, on Tuesday, Aug, 30, 2022.SeongJoon Cho | Bloomberg | Getty ImagesSouth Korean retailer Shinsegae plans to set up a joint venture with Alibaba International, Shinsegae affiliate E-Mart said on Thursday.The joint venture will be formed partly by Shinsegae investing its 100% stake in South Korean e-commerce platform Gmarket, it said in a regulatory filing.AliExpress Korea and Gmarket will be incorporated into the joint venture, which will be set up in 2025. But the two platforms will continue to be operated independently, Shinsegae said in…
Filippobacci | E+ | Getty ImagesRetirement savers, take note: more employers have added a Roth savings option to their workplace 401(k) plans.And, due to a legislative change, it’s likely the remaining holdouts will soon offer it, too.About 93% of 401(k) plans offered a Roth account in 2023, according to an annual poll published in December by the Plan Sponsor Council of America, an employer trade group.That’s up from 89% in 2022 and 62% a decade ago, according to the survey, which polled more than 700 employers with 401(k) plans of varying size.How Roth, pretax 401(k) savings differRoth refers to how…
As President-elect Donald Trump prepares for his second inauguration in January, a majority of investors are optimistic on his impact on the U.S. economy, according to the latest CNBC Delivering Alpha Stock Survey. In all, 71% participants in the survey think Trump “will be great for the economy and markets,” while 29% disagreed with that sentiment, the survey found. Respondents were also optimistic on his policies and the development of artificial intelligence, with 57% saying they trust how Trump and his appointees will handle this technology. Tariffs emerged as a key theme for the incoming administration. Participants in CNBC’s Delivering…
Check out the companies making headlines before the stock market opens. GameStop – Shares jumped more than 4%, extending their gains from Tuesday. The video game retailer has risen four straight days and climbed more than 77% in 2024. Crypto stocks – Stocks linked to the price of bitcoin moved lower as the cryptocurrency slid on Thursday. Shares of bitcoin proxy MicroStrategy fell about 3%, and crypto services provider Coinbase dropped about 2%. Bitcoin miner Riot Platforms pulled back more than 2%. Honda – U.S.-listed shares rose more than 4%, bringing this week’s advance to advance to about 14%, on…
A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Paresh Dave | ReutersDespite General Motor’s decision to shutter its Cruise robotaxi business earlier this month, the U.S. has never been closer to a driverless future. For the autonomous vehicle industry, 2024 will be remembered as the year that at least one major U.S. player — Alphabet-owned Waymo — saw glimmers of mainstream adoption and made strides toward commercial viability.That came after a rocky start for the self-driving car industry domestically. Following a decade of sizable venture investments in AV companies, Uber sold off its…
A trader works on the floor of the New York Stock Exchange on Aug. 4, 2022.Source: NYSEStock futures fell in morning trading Thursday as the market is set to give back some of the gains during the holiday week.Futures on the Dow Jones Industrial Average fell 150 points. S&P 500 futures dipped 0.3% and Nasdaq 100 futures declined 0.3%. The market was closed on Wednesday for Christmas Day.The major averages could see their first down day this week after back-to-back gains. So far, the S&P 500 is up 1.8% this week, while the Dow has gained about 1%. The strong…
Larry Ellison and Monica Seles and Bill Gates (back row) watch Carlos Alcaraz of Spain play against Alexander Zverev of Germany in their Quarterfinal match during the BNP Paribas Open in Indian Wells, California, on March 14, 2024.Clive Brunskill | Getty ImagesIt’s been a good year for Larry Ellison.Oracle’s co-founder has gained roughly $75 billion in paper wealth as the software company he started in 1979 enjoyed its biggest stock rally since 1999 and the dot-com boom.While the S&P 500 index has gained 27% in 2024, Oracle shares have shot up 63%, lifting Ellison’s net worth to over $217 billion,…
U.S. President-elect Donald Trump attends Turning Point USA’s AmericaFest in Phoenix, Arizona, U.S., December 22, 2024. Cheney Orr | ReutersPresident-elect Donald Trump took aim at Canada, Greenland and the Panama Canal in a series of Christmas Day social media posts that suggested the United States could take control of all three.Writing on his Truth Social platform, Trump kicked off the lengthy posts by wishing a merry Christmas to all, “including to the wonderful soldiers of China, who are lovingly, but illegally, operating the Panama Canal.”He referred to the American lives lost during the canal’s construction more than 100 years ago and added that the…
Densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China, on Aug. 16, 2011.Qilai Shen | Corbis Historical | Getty ImagesThe World Bank raised on Thursday its forecast for China’s economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, would keep weighing it down next year.The world’s second-biggest economy has struggled this year, mainly due to a property crisis and tepid domestic demand. An expected hike in U.S. tariffs on its goods when U.S. President-elect Donald Trump takes office in January may also hit growth.”Addressing challenges in…
