(Bloomberg) -- Growing investor angst about China’s real estate crackdown rippled through markets on Monday, adding pressure on Xi Jinping’s government to prevent financial contagion from destabilizing the world’s second-largest economy.Hong Kong real estate giants including Henderson Land Development Co. suffered the biggest selloff in more than a year as traders speculated China will extend…
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By Simon JackBusiness editorimage source, Getty ImagesThe government is considering offering emergency state-backed loans to energy companies as firms battle to stay afloat amid surging gas prices.Business Secretary Kwasi Kwarteng will hold crisis talks with industry bosses including Centrica and E.On on Monday.Smaller suppliers face ruin as price hikes have made their price promises to…
A new report from the Social Security Administration showing benefits could be reduced sooner than anticipated could set off alarm bells — especially among those planning to retire within the next decade.Social Security's surplus reserves are expected to run out in 2033, one year earlier than previously estimated, according to the Trustees of the Social…
Students arrive for the first day of the school year at Mott Hall Bridges Academy in Brooklyn on Monday.Credit...Chang W. Lee/The New York TimesNew York City’s classrooms reopened on Monday to roughly a million children, most of whom were returning for the first time since the United States’ largest school system closed in March 2020.While…
Shareholders may pursue 737 MAX claims against Boeing board, court rules Fox BusinessBoeing: Directors to face investor lawsuit over fatal crashes BBC NewsShareholders may pursue some 737 MAX claims against Boeing board, court rules Yahoo FinanceBig Boeing customer says it is walking away from new MAX order Fox BusinessWhat Is Boeing's MAX 10 and Why Is Ryanair Backing Away? Barron'sView…
The iPhone 12 Mini hasn't been selling well, and reports suggest that an iPhone Mini 13 could be the last. Patrick Holland/CNET If you prefer smaller phones, you have something to look forward to this month when Apple is expected to launch an iPhone 13 Mini as part of its iPhone 13 lineup. But don't…
Get out your popcorn, and get your trading apps open — after months in the waiting, Federal Reserve Chair Jerome Powell is set to deliver remarks on the economic outlook at the Kansas City Fed’s Jackson Hole economic symposium. Expect him to inch up to the line, but not quite announce, that the Fed will…
Activist short-seller Carson Block, the founder of Muddy Waters Research, had an epiphany of sorts about Elon Musk and Tesla (TSLA), causing him to change his tune on the electric vehicle entrepreneur after a rather odd dream involving Social Capital CEO Chamath Palihapitiya. In his first-ever investor letter after nearly six years of managing money, Block…
Traders work on the floor of the New York Stock Exchange.NYSEU.S. stock futures were mixed Wednesday night after the market shrugged off the July inflation report and the Dow Jones Industrial Average and S&P 500 hit records.Dow futures rose 9 points, or 0.03%. S&P 500 futures and Nasdaq 100 futures fell 0.02% and 0.14%, respectively.In…
People are reflected on an electric board showing Nikkei index and its graph outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. REUTERS/Kim Kyung-HoonAsian stock markets : https://tmsnrt.rs/2zpUAr4Gold drops more than 4% at one stage, oil prices slideStrong U.S. jobs report brings Fed tapering nearerRising Treasury yields lift dollar to 4mth…