Country Garden Holdings Co.’s Fengming Haishang residential development in Shanghai, China, on Tuesday, July 12, 2022. Qilai Shen | Bloomberg | Getty Images Shares of beleaguered Chinese real estate company Country Garden Holdings slumped to an all-time low on Friday as the company issued a profit warning a day earlier. The stock fell to an
Beijing is making one of its biggest top-down efforts in years to tackle the debts racked up by local governments in a sign of authorities’ mounting concern over the risk to financial stability as the economy falters. China’s state council, the country’s cabinet, is sending teams of officials to more than 10 of the country’s
Kevin Matras shows how you can profit from this easy to implement strategy, even in sideways markets.
Municipals were slightly firmer Thursday, outperforming U.S. Treasuries, as the last large new-issues of the week priced and mutual fund inflows returned. U.S. Treasuries saw losses across the curve following the July inflation read while equities closed out the session in the black. While the consumer price index came in mostly as expected, analysts remain
Private phone booth at One Wall Street Courtesy: One Wall Street The latest must-have amenity in luxury New York City apartment buildings: a designated coworking space for remote workers. Apartment developers are building out private offices, conference rooms and even podcasting booths to capitalize on a lingering work-from-home trend. Even as workplaces reopen, 59% of
Forest Heights Boulevard is a tony residential street in Toronto’s St. Andrew-Windfields area. “It’s a sought-after neighborhood with large estates and mature trees,” says Patricia Sun of Barry Cohen Homes. Affluent and tranquil, this part of North York is close to schools, parks, playgrounds, sports fields and the expressway. The 2018-built residence combines traditional and
A Chapter 11 bankruptcy involving a bond-financed Arizona participant sports venue will continue to move forward in an effort to sell the property after a federal court judge denied a motion to appoint an independent trustee for the debtor or dismiss the case. Judge Daniel Collins’ Wednesday order acknowledged disputed allegations of mismanagement and infractions
Apple wants to put an AI in your pocket Apple has been playing its cards close to its chest when it comes to AI. While rival Microsoft has jumped on the ChatGPT bandwagon and is integrating AI into everything despite the bugs and hallucinations, the acronym didn’t even get a mention at Apple’s Worldwide Developers
China's regulatory authorities have allowed for the integration of Visa and Mastercard with two predominant mobile payment platforms, Alipay and WeChat Pay, to ease financial transactions for foreign visitors. These integrations come amidst a surge in Visa's stock prices, which has seen an over 14% increase this year and could potentially surpass its previous record.
In the early hours on Monday, Sam Altman, CEO of OpenAI and the driving force behind AI models like ChatGPT, launched his latest venture Worldcoin (WLD). With OpenAI going from a non-profit private organization, to a for-profit private organization in 2019, some questions bear asking: What is Worldcoin? Is it safe? What is it for?
Robinhood Markets Inc HOOD is on deck to issue its second-quarter earnings on Wednesday after the closing bell. With the potential to act as an indicator of retail trading activity, investors are keenly watching the results. Lets take a closer look at what to expect. Robinhood By The Numbers: The Menlo Park, California-based company is
The digital payment systems landscape is evolving with the introduction of Beam, a new crypto wallet launched by the Eco Protocol, promising the most cash-like digital payment experience ever created. This crypto wallet harnesses the capabilities of Optimism and Coinbase's Base network, enabling everyone to execute decentralized, onchain payments. Users need not fret over the
Long gone are the days back when Tesla Inc TSLA CEO Elon Musk wanted to rebrand the digital payment company as X.com two decades ago when he participated in its inception. Musk sees X as the letter that shows the power to change the world. Back then, he believed it can take over the worlds
Bolivian National Deputy Mariela Baldivieso is spearheading an initiative to legalize cryptocurrencies in Bolivia. The proposal aims to lift the current ban on crypto assets and urges the Ministry of Economy and Public Finance to establish regulatory norms. "Bolivia needs to embrace new technologies as a transformative opportunity to strengthen our economy, promote financial inclusion,
Founded in 2019, TradeStation partner Aries is debuting on StartEngine, the same crowdfunding platform trusted by famed businesspeople and investors like Kevin OLeary. Aries challenges traditional full-stack brokers, sporting the tools Main Street needs to compete with its better capitalized and informed peers on Wall Street. Available in 130 countries, Aries differentiates itself by offering
By Dr. Liji Thomas, MD Aug 10 2023 Reviewed by Sophia Coveney A new paper, recently published in Nature Medicine, has shown how Alzheimer’s disease (AD) pathology comes into being over a period of almost three decades. Study: Cerebrospinal fluid proteomics define the natural history of autosomal dominant Alzheimer’s disease . Image Credit: Atthapon Raksthaput/Shutterstock.com
The month of June marked the beginning of a regulatory storm for Coinbase COIN . The SEC accused the company of operating as an unregistered broker, a charge that was part of a broader crackdown on cryptocurrency exchanges. Despite the significant fallout, which saw Binance BNB/USD experience a $300 million liquidation of crypto positions, Coinbase
emergency patch pipeline for Microsoft now! — How an unpatched Microsoft Exchange 0-day likely caused one of the UKs biggest hacks ever Evidence appears to show a critical 0-day tracked as ProxyNotShell was exploited. Dan Goodin – Aug 9, 2023 9:58 pm UTC Enlarge / Building with Microsoft logo.Getty Images reader comments 23 with Its
In honor of the entire mainstream media squawking about interest rates at 22-year highs (while being in-line with long-term trends), well be introducing all of this weeks Things with clickbait headlines. This week, DKI readers and Twitter (or X) followers will get to read about: Fed Raises to Highest in 22 Years Is Jerome Powell
Flying high — Its finally timeVirgin Galactic is flying private astronauts into space It must be a magical moment to float freely above the world. Eric Berger – Aug 10, 2023 3:17 am UTC Enlarge / Anastatia Mayers, Jon Goodwin, and Keisha Schahaff are the private customers on board Galactic 02.Virgin Galactic reader comments 28