Paris boasts many luxurious five-star accommodations. At the Hotel Plaza Athénée, a single night during peak season can cost around $44,000, while a stay in the Imperial Suite at the Ritz Paris can command an astounding $70,000 per night. Hôtel de Crillon, an 18th-century palace which was converted into a luxury hotel in 1909, has … Read more
Lina Khan, chair of the Federal Trade Commission, speaks during the 2024 CNBC CEO Council Summit in Washington, D.C., on June 4, 2024. Shannon Finney | CNBC The Federal Trade Commission is launching an investigation into so-called “surveillance pricing,” seeking more information about how artificial intelligence is used to change pricing rapidly based on data … Read more
“I think the STT on F&O is a step in the right direction. If the idea is to essentially curb volumes on the F&O side I think that is fair enough. I am just saying is that for a long-term investor, there is STT, there is a hike in LTCG, and there is a tax … Read more
Construction site of a residential building with scaffolding and large cranes Fhm | Moment | Getty Images The German construction sector is showing no signs of recovering, even after being in a crisis for months and despite pledges of support and investment from the government. Recent economic data shows the industry is still in a … Read more
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on July 22, 2024. Timothy A. Clary | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
Vice President Kamala Harris speaks during a political event at the Air Zoo Aerospace & Science Experience in Portage, Michigan, on July 17, 2024. Jeff Kowalsky | AFP | Getty Images The pressure is on Vice President Kamala Harris to turn around her political fortunes and win the Democratic Party’s nomination, analysts say, after U.S. President Joe … Read more
Photo Of Robot Examining Invoice With Magnifying Glass. Andreypopov | Istock | Getty Images Artificial intelligence-powered agents will be able to work together and solve tasks in a so-called “multi-agent AI” system by 2025, according to technology services giant Capgemini. Such a system would entail a collection of agents that work together to solve tasks … Read more
Australian taxpayers lost out on a quarter of a billion dollars in revenue in 2023 thanks to a generous tax loophole for “big, dumb” American-style utes, a report says. Large utes such as those made by Chevrolet and Ram are being subsidised as they are exempt from the Luxury Car Tax while contributing to higher … Read more
Outlet malls have been an American staple for shoppers since the 1930s. But they’re not doing as well as they once were. Historically, outlets were attached to the factories where apparel was made, selling out-of-season, overrun or faulty merchandise at a discount to employees. Soon enough, they expanded to the general public and became a … Read more
The money flow into small caps may not be a rotation from winning growth trades. Dave Nadig, ETF journalist and financial futurist, sees investors “just buying, buying, buying.” “What we’re seeing is a diversification trade,” he told CNBC’s “ETF Edge” this week. “We’re seeing flows into everything, and that to me means people are looking … Read more
