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The average home loan rate has dropped below 6% for the first time since 2022. Will that help thaw the frozen housing market?
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S&P 500 closes lower Thursday as Nvidia post-earnings slump hangs over market: Live updates CNBCNvidia stock falls as Q4 beat, guidance fail to satisfy Wall Street Yahoo FinanceAI giant Nvidia made $120 billion in profit last year. Investors are still spooked. NBC NewsNVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2026 NVIDIA Newsroom
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Uber is preparing to roll out electric air taxis in Dubai. Here's what that launch signals for U.S. cities and what still stands in the way.
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Major corporations like Costco, FedEx, and Goodyear are attempting to recover money paid on duties ruled illegal by the high court.
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Stellantis Lost $26.3 Billion Last Year, Says It's Pivoting Back to Combustion Engines GizmodoJeep maker Stellantis posts first annual loss in company history after EV writedowns CNBC‘Very disappointed': Stellantis autoworkers in Detroit are stunned by no profit-sharing checks for 2025 WDIVStellantis stock jumps despite $26.3B los
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Billionaire family offices invested in pro soccer, bitcoin and semiconductors before the new year CNBC
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Just about one in seven companies has outperformed in the past five years. This latest installment of our landmark series for CEOs highlights business growth strategies that work.
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Contemporary Amperex Technology Co. Ltd. reported quarterly net income well short of analyst estimates as the global slowdown in electric vehicle sales starts to bite.
While net income for the third quarter ended Sept. 30 rose 26 percent to 13.1 billion yuan ($1.8 billion) versus the same period last year, that was a lot lower than the 14.7 billion yuan expected. Revenue shrank 12.5 percent to 92.3 billion yuan year-on-year, sharply down on projections for 118.4 billion yuan.
The world's largest maker of EV batteries is being hit as automakers from General Motors to Ford begin to scale back EV production plans and delay model launches. Countries like Japan and Germany, home to some of the largest automotive incumbents, have seen not just a slowdown in the growth rate, but an outright decline in EV sales.
CATL supplies many big name carmakers, including Tesla Inc.
Although the Chinese giant dwarfs competitors, it isn't alone in feeling the pain. The world's third largest battery maker, South Korea's LG Energy Solution Ltd., is likely to suffer its third consecutive quarterly profit decline, its most recent preliminary earnings show.
For the January to August period, CATL's global market share stood at 37.1 percent, up 1.6 percentage points on the same period of last year, data from SNE Research show. LG Energy's market share shrunk 2.3 percentage points to 12.1 percent.
CATL's greater control over its supply chain does at least wring more profit from its suppliers, helping to drive down costs. Bloomberg Intelligence has suggested that more global EV makers adopting cheaper lithium-iron-phosphate (LFP) batteries could help CATL gain market share overseas. The company's energy-storage business is also emergin
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Many farmers are facing a critical retirement decision. The traditions of yesterday are often changing, and their children may no longer want to follow in their parents' footsteps. The challenges are many. However, there are options available.
In 1971, I began my farming career at the tender age of 9 in the Skagit Valley, 60 miles north of Seattle. Crop farming was my gig; rouging spinach, sorting tulips, picking strawberries, raspberries and cucumbers alongside the migrant workers from Mexico. When I was old enough, I was driving picking machines with a dozen kids lying on boards over a conveyor belt, or driving an open tractor pulling a green pea combine while traveling about 1 mile in four hours.
SEE MORE Keeping Property in the Family with LLCs and Partnerships
Today, at the age of 59, I realize that I've been preparing this article for 50 years. During 12-hour shifts on the open tractor, it rained, often. My family could not afford proper rain gear, so a plastic lawn bag with holes punched out for my head and arms provided quite well. Working six of these shifts every seven days gives a teenager time to reflect. That's when I decided farming was very hard and I wanted an easy office job someday!
Challenges for Farmers Today
A huge debt of gratitude is owed to the men and women who feed the world. You face unprecedented challenges:
Mother NatureInconsistent commodity prices
Lack of access to labor
Global competition with lower costs of operations
Lack of resources to compete with larger corporate farming technology
Next-generation (family) choosing a different career path
You are at an age where you need to slow down or retire completely
Potential income tax law changes
Inheritance and estat
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The gap between the yuan's value in mainland China and trading hubs like Hong Kong has started to widen, a sign that foreign investors who can access the offshore market could be growing more bearish on the Chinese currency.
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