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FINANCE

Police Detain Evergrande Wealth Management Staff in Latest Blow to Embattled Property Developer

Several employees of Evergrande’s financial subsidiary, Evergrande Wealth Management, have been detained according to a statement released by the Shenzhen police department. The statement didn’t reveal the number of employees
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US Officials Highlight Depth of China’s Economic Crisis

Following meetings with their counterparts from the People's Republic of China (PRC), officials of the Biden administration, including U.S. President Joe Biden himself, have noted Beijing's unusual straightforwardness when it
As Biden Touts Economic Successes, Experts Recommend Caution
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NYS: Proposed New York-only Work Visas for Migrants Met With Mixed Reactions
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More Than 60% of American Adults Living Paycheck-to-Paycheck, Study Reveals
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From Evergrande to Country Garden: How China’s Property Titans Mirror Broader Economic Woes
NYC: Number of Airbnb Rentals Set to Plummet As New Rules Come Into Effect
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Cattle Prices Rising as Livestock Shortage Hits the Market
The Saudis have banned big U.S. media from the OPEC meeting in Vienna.
OPEC Banishes Three Major Western Media From June Meeting In Vienna
The world’s most prominent oil cartel, OPEC, has banished several of the largest names in the western...
Investor purchases in the housing market fell by 50 percent but have only returned to pre-COVID levels.
Investor Purchases of US Homes Decline From Pandemic High
New data from real estate brokerage Redfin shows promising signs that a record inflation of the U.S....
Elon Musk visited China for the first time since 2019 and was received by Foreign Minister Qin Gang
Elon Musk Visits China for First Time Since 2019, Received by Foreign Minister Qin
Tesla CEO and Twitter owner Elon Musk made an “unannounced trip” to Beijing on May 30, marking his first...
Chinese Authorities Face Uncontrollable Debt Crisis
The debt situation of China's local governments continues to worry the global financial community. In...
New Jersey Strives to Prevent New York’s Congestion Pricing
The state of New Jersey and New York City may end up in court over the issue of New York's controversial...
Florida orange production is the worst it's been since the 1930s.
Florida Orange Industry Set for Worst Production Since 1930s
Florida orange growers are set to post their lowest production records since the 1930s, according to...
Apple will make more 5G components with Broadcom in Colorado
Apple Will Make 5G Parts On US Soil With Broadcom
Some manufacturing jobs are set to return onshore to America as the largest company in the world, Apple...
High Rents, Property Prices Drive Emigration From New Jersey
Despite its beautiful environment and comfortable living conditions, New Jersey has become a state from...
Ferrari CEO Says Company Will Maintain Internal Combustion Engines as ‘Essential Part of the Company’s
Legendary supercar manufacturer Ferrari says it will maintain its internal combustion engine despite...