For many Chinese, Harbin conjures images of ice and steel, a city both cold and tough.But this winter, the heavily industrialized city morphed into a warmly welcoming host, drawing in a record-breaking number of visitors, mainly from China's south.During the three-day New Year period from Dec. 30 to Jan. 1,...
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Wall Street loves Disney’s kitchen-sink quarter, but Nelson Peltz says he isn’t backing down
Nelson Peltz, founding partner and CEO of Trian Fund Management, speaks with CNBC's Andrew Ross Sorkin on July 17, 2013 in New York.Heidi Gutman | CNBC, NBCU Photo Bank, NBCUniversal via Getty ImagesAre you not entertained, Nelson Peltz?Disney shares jumped 6% in after-market trading Wednesday after the company posted earnings...
Hedge fund billionaire Bill Ackman to launch a NYSE-listed fund for regular investors
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023.Adam Jeffery | CNBCPershing Square's Bill Ackman is set to offer a new investment vehicle listed on the New York Stock Exchange, aiming to leverage his following among Main Street investors.The...
‘A slow fiscal death’ awaits some countries in this ‘decade of debt,’ says economist
A mosaic collection of world currencies.FrankvandenBergh | E+ | Getty ImagesThe world is looking at a debt crisis that will span the next 10 years and it's not going to end well, economist Arthur Laffer Jr. has warned, with global borrowings hitting a record of $307.4 trillion last September. Both high-income...
How to reduce — or avoid — airline fees for checked bags
Izusek | E+ | Getty ImagesChecking a bag at the airport has gotten pricier for travelers — and harder to avoid.A checked bag is one stored in a plane's cargo hold during a flight. While that service was free in years past, it's now standard for major airlines to charge...