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A $4 million Bugatti and Michael Jordan’s BMW brought car auction company a record year
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Bring a Trailer, the…
How the federal government spent billions rebuilding New Orleans after Hurricane Katrina
The city of New Orleans is still rebuilding and repairing homes that were damaged in the fallout from 2005's Hurricane Katrina.The storm flooded hundreds of thousands of homes in New Orleans, killed over 1,800 people and displaced…
Sony raises full-year forecasts after solid PlayStation 5 sales in the holidays
Sony PlayStation games are displayed at a Best Buy store on December 17, 2024 in San Rafael, California.Justin Sullivan | Getty ImagesSony on Thursday raised revenue and profit forecasts for the full year after reporting a significant…
Honda and Nissan end merger talks, say they will continue to ‘collaborate’
The Nissan logo appears on a smartphone screen, and in the background, the Honda Motor Company logo is visible in this illustration photo in Reno, United States, on December 26, 2024.Jaques Silva | Nurphoto | Getty ImagesJapanese…
Wells Fargo sees six key opportunities for fixed-income investors
There is a lot of uncertainty in the markets these days, but for fixed-income investors who remain agile, there could also be several opportunities, according to Wells Fargo. Bond yields remain elevated as investors grapple with…
Americans expect to spend a record $14.6 billion on their significant others for
Sanja Radin | E+ | Getty ImagesIt seems that love is in the air, and so is the spending as more people are apparently getting into the Valentine's Day spirit this year.Americans shopping for their significant others are expected to spend…
As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai
President Donald Trump welcomes South Korea's President Moon Jae-In at the White House in Washington, U.S., May 22, 2018.Carlos Barria | ReutersDETROIT — As President Donald Trump threatens to further increase tariffs on U.S. trading…
Here’s what the privatization of Fannie Mae, Freddie Mac may mean for homebuyers and
People walk by a sign for Freddie Mac headquarters on July 14, 2008 in McLean, Virginia. AFP Photo/Paul J. Richards (Photo credit should read PAUL J. RICHARDS/AFP via Getty Images)Paul J. Richards | Afp | Getty ImagesFannie Mae and…
Unilever sales just miss expectations; Ben & Jerry’s ice cream unit heads for triple
Pints of Ben & Jerry’s ice cream are seen on a shelf at Ideal Fresh Market of Church Ave on March 19, 2024 in the Flatbush neighborhood of Brooklyn borough in New York City. Michael M. Santiago | Getty ImagesConsumer goods giant…
How America became so car dependent
Cars dominate America.About 92% of U.S. households have access to a car. But only about 55% of Americans have access to public transit. And only about 3.5% take advantage of the options available.The average American drives twice as much…