Aerial photo shows a rural residential area in Chengdong town of Hai ‘an City, East China’s Jiangsu Province, April 1, 2023. Future Publishing | Future Publishing | Getty Images China’s real estate troubles are accelerating. Prospective home buyers are holding back on making purchases, leading to weak sales that compound the urgent need for policymakers
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Top Stories This Week Judge grants SEC request to file motion for appeal in Ripple case Judge Analisa Torres has granted a request from the United States Securities and Exchange Commission (SEC) to file a motion for leave to file an interlocutory appeal in its case against Ripple Labs. The decision allowed the SEC to
After months of negotiations, the NHL’s Carolina Hurricanes have agreed to a 20-year lease extension at Raleigh, North Carolina’s PNC Arena, helped by a package of incentives officials hope will spur wider development in the area. The Centennial Authority, which owns the arena on behalf of the state, put the final touches on a deal
A group of Silicon Valley’s biggest private tech companies are dusting off long-delayed plans to list their shares, with the upcoming initial public offering of chip designer Arm set to provide a new gauge for market sentiment. Grocery delivery group Instacart, software company Databricks and identity verification start-up Socure are among those considered candidates to
Bondholder-sympathetic Puerto Rico Oversight Board Member Justin Peterson resigned Friday afternoon in protest of the impending Puerto Rico Electric Power Authority plan of adjustment. Peterson announced his resignation on Twitter. The board says it will submit the proposed plan on Aug. 25. “To be clear, I’ve decided to resign because I do not wish to
There’s a lot of people that try to learn day trading, and the big reason for that is because they think it’s a way to make money fast, which is not always the case. But if you’re doing day trading, you need to make sure you’re evaluating stock charts correctly. Today I’m going to share
In this article KEYS EL XPEV 9868-HK NVDA ROST BLBD STRA Follow your favorite stocksCREATE FREE ACCOUNT XPeng delivered over 60,000 of its flagship P7 electric sedans in 2021. XPeng, Inc. Check out the companies making headlines in midday trading. Strategic Education — The education stock advanced 3% following an upgrade to buy from neutral
The idea of a Hawaii paradise can mean many things to many people. Maybe it’s immersion in a lush tropical setting. Being close to nature, great surfing or a top bird-watching destination. Living in privacy on a secluded, amenity-filled estate. Perhaps, it is all of the above. The property lies within the Kalihiwai Ridge neighborhood,
A residential complex constructed by Evergrande in Huai’an, Jiangsu, China, on July 20, 2023. Future Publishing | Future Publishing | Getty Images China’s heavily indebted property developer Evergrande group on Thursday filed for Chapter 15 bankruptcy protection in a U.S. court. In a filing to the Manhattan bankruptcy court, the firm sought recognition of restructuring
The price of Bitcoin (BTC) fell by 11.5% from Aug. 16 to Aug. 18, resulting in $900 million worth of long positions being liquidated and causing the price to hit a two-month low. Before the drop, many traders expected a breakout in volatility that would push the price upward but this was obviously not the
Multichain bridging protocol LiFi has launched a multi-message aggregator for decentralized autonomous organization (DAO) governance, according to an Aug. 17 announcement from LiFi research lead Arjun Chand. If implemented by decentralized exchanges, lending apps and other Web3 protocols, the new aggregator should help prevent governance attacks that originate from cross-chain bridges, according to the aggregator’s
The deadline for the Puerto Rico Oversight Board to submit a proposed Puerto Rico Electric Power Authority plan of adjustment was pushed back to Aug. 25 from Aug. 18. U.S. District Court Judge Laura Taylor Swain postponed the date despite objections from bond insurer Assured Guaranty and bond holder GoldenTree Asset Management. According to the
SoftBank has bought a stake in UK chip designer Arm at a $64bn valuation, as the Japanese conglomerate takes full control of the Cambridge-based company and tries to set a floor for its stock price ahead of a listing that is expected next month. The deal saw SoftBank buy the 25 per cent of Arm
Municipal-bond investors have to assess an unusual risk as part of a $113 million bond offering next week: The historic strikes that are paralyzing business for much of Hollywood. The seller of the debt, a group affiliated with the Academy of Motion Picture Arts and Sciences, is familiar to muni-market participants because it has issued
Our weekly roundup of news from East Asia curates the industry’s most important developments. On Aug. 11, a Chinese individual known only as Mr. Chen was sentenced to nine months in prison after helping his friend, Mr. Lin, purchase 94,988 Chinese yuan ($13,104) worth of Tether (USDT) and earning a commission of 147.1 Yuan ($20.24).
A technician checks on a stack of wafers at the Applied Materials facility in Santa Clara, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after hours. Applied Materials — Applied Materials rose nearly 2% in extended trading after beating analysts’ expectations on the top and bottom lines in
Topline Chinese real estate giant Evergrande Group filed for Chapter 15 bankruptcy protection in New York on Thursday—a blow following years of financial struggle that helped ignite China’s ongoing property crisis. Key Facts The filing will allow Evergrande to protect itself and its assets in the U.S. while it works through a multi-billion dollar restructuring
For many Americans, payday can’t come soon enough. As of June, 61% of adults are living paycheck to paycheck, according to a LendingClub report. In other words, they rely on those regular paychecks to meet essential living expenses, with little to no money left over. Almost three-quarters, 72%, of Americans say they aren’t financially secure
The issuer of stablecoin Tether will discontinue its Bitcoin Omni Layer version, citing a lack of interest from users. This Bitcoin version of Tether (USDT) was one of the first stablecoins ever created. The Bitcoin Cash (BCH) and Kusama (KSM) versions will also be discontinued, according to an Aug. 17 announcement from the team. Today #Tether announces the
Blockchain gaming needs its own ‘EVO Moment 37’? While the Web3 gaming ecosystem is still trying to find its footing in the mainstream gaming world, a key element missing from almost all the Web3 titles is inspiration. To achieve a broader audience, Web3 gaming needs a “wow” moment to go viral and into the records
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