New homes being built in Englewood Cliffs, N.J. on Sept. 24th, 2024. Adam Jeffery | CNBCFrom lumber to drywall to appliances to finishings, much of what goes into a U.S. home comes from outside American borders.The cost of those products is about to go up, as President Donald Trump's administration imposes...
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Warren Buffett amasses more cash and sells more stock, but doesn’t explain why in annual letter
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.David A. Grogen | CNBCThe mystery over Warren Buffett's surprisingly defensive stance deepened over the weekend.The 94-year-old CEO of Berkshire Hathaway sold more stocks in the latest quarter...
China raises budget deficit target to levels not seen since at least 2010 to shore up growth
Pictured here is a residential complex under construction in Hangzhou, China, on Dec. 16, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING — China on Wednesday announced plans to raise its fiscal deficit to "around 4%" of gross domestic product, a rare increase that marks a meaningful shift in policy.The target was...
Euro zone inflation dips to 2.4% in February as ECB bets point to sixth rate cut
Two parents and their two children walk through a section of sweet cakes, biscuits and jam.Nicolas Guyonnet | Afp | Getty ImagesEuro zone inflation eased to 2.4% in February but came in slightly above analyst expectations, according to flash data from statistics agency Eurostat out on Monday.Economists surveyed by Reuters...
First-class seats are getting so fancy they’re holding up new airplanes
A Lufthansa First Class "Allegris" cabin, which was set up outside the show. Peter Kneffel | Picture Alliance | Getty ImagesHeated or cooled seats. Ultra-high-definition TV screens. Benches. Convertible beds. All-aisle access. And of course, the coveted privacy door.Ever-more luxurious first- and business-class cabins that have hundreds of parts and require...