Embattled developer China Evergrande‘s situation is not a surprise, given the steps taken by Beijing to reign in excessive debt in the property sector, according to Orient Capital Research’s Andrew Collier. “This is all a bit of a tempest in a teapot, which sounds funny given that the whole world is worried about Evergrande right
Dr. Rochelle Walensky, who has been selected to serve as director of the Centers for Disease Control and Prevention speaks during an event at The Queen theater in Wilmington, Del., Tuesday, Dec. 8, 2020. Susan Walsh | AP CDC Director Dr. Rochelle Walensky insisted Friday she didn’t overrule a vaccine advisory committee by expanding the
Theranos founder Elizabeth Holmes and her partner Billy Evans leaves the Robert F. Peckham U.S. Courthouse after the delivery of opening arguments in her trial, in San Jose, California, September 8, 2021. Peter DaSilva | Reuters SAN JOSE, CALIF – A former lab director at Theranos testified on Friday that he thought the blood-testing start-up
A bitcoin sign with a graph pictured in the background. STR | NurPhoto via Getty Images I’ve noted in past commentaries that sovereign nations have the power to regulate and eliminate any competitor to their own currencies. One country took that step on Friday. China’s central bank has just made all cryptocurrency-related activities illegal. The
A detail of the statue of Satoshi Nakamoto, a presumed pseudonym used by the inventor of Bitcoin, in Budapest, Hungary. Janos Kummer | Getty Images News | Getty Images The price of popular cryptocurrencies like bitcoin and ethereum plunged Friday after Chinese officials intensified a crackdown, essentially declaring crypto to be illegal. The government intervention,
Vlad Tenev, CEO and Co-Founder of Robinhood, in his office on July 15, 2021 in Menlo Park, California. Kimberly White | Getty Images Entertainment | Getty Images Robinhood executives had a lot to talk about the week Reddit users were driving a historic short squeeze in GameStop. New documents in a lawsuit allegedly show internal
Prospective buyers visit an open house for sale in Alexandria, Virginia. Jonathan Ernst | Reuters Mortgage rates jumped higher this week. It could be just the beginning of an upward trend. The average rate on the popular 30-year fixed mortgage just crossed back over 3% early this week and then jumped 9 basis points Thursday
House Speaker Nancy Pelosi (D-CA) speaks during a news conference about the House vote on H.R. 3755, the “Women’s Health Protection Act” legislation to “establish a federally protected right to abortion access” at the Capitol in Washington, U.S., September 24, 2021. Kevin Lamarque | Reuters House Democrats on Friday approved wide-ranging legislation to protect abortion
In this article ABX-CA .SPX Gold is one of the largest financial assets in the world with an average daily trading volume of $183 billion, and its value has seen explosive growth in recent years. At the start of 2000, gold was priced at just $460 per ounce when adjusted for inflation. By August 2021,
sorn340 | iStock | Getty Images It’s now been more than seven months since President Joe Biden asked the U.S. Department of Justice to review his legal authority to cancel student debt. The agency hasn’t released its findings yet. And although top Democrats argue that the president can cancel the debt through executive action, Biden
In this photo illustration, the Bitcoin logo is seen on a mobile device with People’s Republic of China flag in the background. (Photo Illustration by t/SOPA Images/LightRocket via Getty Images) Budrul Chukrut | SOPA Images | LightRocket | Getty Images China’s central bank renewed its tough talk on bitcoin Friday, calling all digital currency activities
Sales of previously owned homes declined 2% in August from July to a seasonally adjusted annualized rate of 5.88 million units, according to the National Association of Realtors. Sales were 1.5% lower than August 2020 for the first annual decline. Sales however are still above pre-pandemic levels. These numbers are a count of home closings