business news

Small business confidence hits highest level since Biden took office

Small business confidence hits highest level since Biden took office

Economic optimism among business owners is rising as CNBC|SurveyMonkey’s quarterly small business confidence index hits its highest level since Joe Biden took office in 2021. Twenty-eight percent of small business owners say the current state of the economy is “excellent” or “good,” up five percentage points from the previous quarter. Still, inflation concerns remain and …

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Asia-Pacific Markets, Japanese Tankan and Trade: Live Updates

Asia-Pacific Markets, Japanese Tankan and Trade: Live Updates

57 minutes ago The Hang Seng index jumped 2%, lifted by pharmaceuticals, technology and property Hong Kong’s Hang Seng index was 2.36 percent higher in morning trade, lifted by a mix of healthcare, basic materials and technology stocks. The index’s leading gainers were pharmaceutical companies WuXi AppTec, which jumped 6.85%, and WuXi Biologics, which climbed …

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Alibaba is betting on overseas businesses amid sluggish growth in China

Alibaba is betting on overseas businesses amid sluggish growth in China

The logo of the Alibaba office building is seen in the Huangpu district of Shanghai, June 16, 2023. Costfoto | Nurphoto | Getty Images “The strong performance was driven by solid growth across all of AIDC’s retail platforms, particularly from the AliExpress Choice cross-border business,” the company said. Meanwhile, revenue from the company’s core e-commerce …

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Boeing will not display passenger jets;  Airbus, China will

Boeing will not display passenger jets; Airbus, China will

Boeing will not bring any commercial jets to the Singapore air show, shifting the spotlight on passenger jets to rival Airbus as well as China’s domestic offering. “Industry contacts we’re talking to believe that the problems at Boeing, specifically the 737 Max, present an early opportunity for Comac,” Northcoast Research analyst Chris Olin told CNBC. …

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What you need to know about weight loss drug insurance coverage and costs

What you need to know about weight loss drug insurance coverage and costs

Many US companies are struggling with worker health insurance issues when it comes to GLP-1 weight loss drugs. Despite the high cost — typically between $1,000 and $1,500 a month — users clamor for drugs like Novo Nordisk’s Wegovy and Eli Lilly’s Zepbound. This class of drugs, historically used to treat diabetes, has gained more …

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How to reduce health care costs during Medicare Advantage Open Enrollment

How to reduce health care costs during Medicare Advantage Open Enrollment

Andreswd | E+ | Getty Images If you’re already in a Medicare Advantage plan, you can take advantage of the open enrollment period to switch to another Medicare Advantage plan or to drop your Medicare Advantage plan and switch to Original Medicare and perhaps a separate Medicare drug plan . (Original Medicare includes Parts A …

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TikTok, Facebook, YouTube sued by New York for youth health issues

TikTok, Facebook, YouTube sued by New York for youth health issues

The suit alleges that Meta, Snap, ByteDance and Google (whose parent company is Alphabet) knowingly “designed, developed, manufactured, operated, promoted, distributed and marketed their platforms to attract, trap and addict youth , with minimal parental supervision. “ The plaintiffs allege the tech companies violated several city laws related to public nuisance and gross negligence through …

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