QINGZHOU, CHINA – JUNE 16, 2025 – Citizens are viewing sand table at the sales office of a commercial residential property development in Qingzhou City, Shandong Province, China on June 16, 2025. Cfoto | Future Publishing | Getty ImagesChina’s real estate sector has grappled with a deepening downturn for years. Now a shrinking population is casting another shadow over the stagnant property market.Goldman Sachs estimates that demand for new homes in Chinese urban cities will remain suppressed at under 5 million units per year in the coming years — one fourth of the peak of 20 million units in 2017.”Falling…
Author: usaeverydaylife
FILE PHOTO: The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland November 4, 2009. Jason Reed | ReutersA version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions.The Food and Drug Administration proposed a dramatic expansion of its power to speed up drug reviews. The agency on Tuesday announced a new national priority voucher plan that aims to cut drug review times to one-to-two months for companies it says are supporting “U.S. national interests.” Currently, the FDA has a…
In 2019, the Indiana legislature passed a bill that would offer eligible data centers significant sales tax exemptions. The legislation said facilities packed with state-of-the-art servers could avoid the state’s 7% tax when purchasing equipment and power. The measure was a boon for large tech companies that have been rapidly building out data centers and was heavily backed by a trade association representing the industry. Similar tax incentives have been passed elsewhere. Today nearly all states that have sales taxes offer data centers exemptions on computers, wires, air-conditioning units and, in some cases, even the energy required to keep it all running.Demand…
If you’ve ever complained that the modern workday is unending, you may be right.According to a new report from Microsoft, employees are now experiencing an “infinite workday” of constant emails, meetings and notifications. They check their emails as early as 6 a.m., juggle meetings through the afternoon and then stay online well into the night.Simply put, “it’s a very long day,” says Alexia Cambon, senior research director at Microsoft.Beyond the extended hours, workers are beset with notifications. According to Microsoft’s data, employees are interrupted every two minutes by meetings, emails or messages, and receive an average of 117 emails and 153 Teams…
The ‘Fast Money’ traders talk the impact of tariffs on Fed policy. Source link
Halfpoint Images | Moment | Getty ImagesLegislation that Republicans are trying to pass by the Fourth of July would end a slew of popular consumer tax breaks tied to clean energy, leading some experts to call on households to act now to collect the savings.Many tax breaks on the chopping block were created, extended or enhanced by the Inflation Reduction Act, a 2022 law signed by former President Joe Biden that provided a historic U.S. investment to fight climate change.More from Personal Finance:3 student loan changes in GOP megabillNot all vehicles may qualify for tax break on car loan interestSenate…
‘Fast Money’ traders react to a report Apple held internal talks about buying AI firm Perplexity. Source link
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 was modestly lower Friday as investors mull over the latest news from the Israel-Iran conflict and consider the Federal Reserve’s next monetary policy move. Fed Governor Christopher Waller said that policymakers could lower interest rates as early as July. “That would be my view, whether the committee would go along with it or not,” Waller told CNBC Friday morning. Meanwhile, shares of chip stocks —…
Dan Dolev, Mizuho, joins ‘Fast Money’ to talk the rally in Circle as stablecoin bill vote. Source link
US Speaker of the House Mike Johnson, Republican from Louisiana, speaks during a news conference after a House Republican conference meeting on Capitol Hill in Washington, DC on June 4, 2025. Saul Loeb | Afp | Getty ImagesRepublicans’ One Big Beautiful Bill Act could result in higher monthly payments for many federal student loan borrowers, a new analysis finds.If the legislation is enacted as drafted, a student loan borrower earning roughly $80,000 a year (the median for a bachelors’ degree holder in 2024) would have a monthly payment of $467 under the GOP-proposed “Repayment Assistance Plan,” or RAP, according to recent findings by…
