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
admin
zacks.com zacks.com/ultimate
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 ETH.CM= BTC.CM= A visual representation of the cryptocurrency Bitcoin on November 20, 2018 in London, England. Jordan Mansfield | Getty Images Bitcoin and ethereum tumbled into the red on Friday, with traders rattled by tough talk out of China. The price of bitcoin fell nearly 6% to $42,240, according to Coin Metrics
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
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
Learn more about the Bull and Bear of the day go to https://www.zacks.com/bull
In this photo taken on March 20, 2019, an Afghan health worker administers a polio vaccine to a child in the Kandahar province. Javed Tanveer | AFP | Getty Images Afghanistan’s health-care system is “on the brink of collapse” as a lack of funding left thousands of health facilities struggling to buy medical supplies and
Chinese ride-hailing company Didi offers cars for guests of the Annual Meeting of the New Champions 2017 (World Economic Forum’s Summer Davos session) on June 27, 2017, in Dalian, Liaoning Province of China. VCG | Visual China Group | Getty Images BEIJING — As overseas investors reel from Beijing’s regulatory crackdown, the rapid fallout in
When it comes time to make dinner after a long day of work, which kind of cook are you? Maybe you crack open a bottle of pinot noir along with your copy of “Salt, Fat, Acid, Heat,” sort through your array of fresh ingredients from the local farmer’s market, and whip up a delicious and
President Joe Biden speaks during a virtual Covid Summit of the United Nations General Assembly on Sept. 22, 2021 in Washington. Alex Wong | Getty Images News | Getty Images The wealthiest 400 American families paid an 8.2% average rate on their federal individual income taxes from 2010 to 2018, according to a White House
In this article FB AMZN GOOGL Google’s $2.1 billion deal to buy a Manhattan office building adds to the rapid growth of Silicon Alley, despite the growth of remote work and a decline in the New York office market. Google is buying the former St. John’s Terminal on Manhattan’s West Side, expanding its footprint downtown.
Corporate income tax rates have been declining around the world for the last two decades. Today’s map shows the most recent changes in corporate tax rates in European OECD countries, comparing how combined statutory corporate income tax rates have changed between 2018 and 2021. The average tax rate of all European countries covered has declined
In this article COST People shop for toilet paper at a Costco store in Novato, California on March 14, 2020. Josh Edelson | AFP | Getty Images Costco Chief Financial Officer Richard Galanti said Thursday the company wants to make sure it has essential items at stores, even as shipping delays and truck driver shortages
In this article NKE Pedestrians walk past the American multinational sport clothing brand, Nike store and its logo seen in Hong Kong. Budrul Chukrut | LightRocket | Getty Images Nike shares dropped in extended trading Thursday after the sneaker giant reported quarterly revenue that missed analysts’ expectations. Its stock was recently down around 3%. Here’s
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures were flat in overnight trading on Thursday after two straight days of gains pushed major averages into positive territory for the week. Futures on the Dow
Billionaire investor Mark Cuban is bullish on the growth of DeFi, or decentralized finance, applications, and thinks that they will pose a challenge to traditional banks. To him, the “foundational DeFi benefit is that it simplifies borrowing for personal purposes,” Cuban tweeted on Thursday in response to a debate about DeFi. “It’s a hassle to
mediaphotos | E+ | Getty Images Many popular tax-planning strategies are on the chopping block as Democrats debate how to pay for their $3.5 trillion spending package. However, now is the time to consider year-end moves to lower next year’s tax bill, regardless of what happens in Congress. “Year-end tax planning should be done every
In this article ABNB Airbnb CEO Brian Chesky attends the Cannes Lions on June 20, 2016, in Cannes, France. Richard Bord | Getty Images Airbnb announced Thursday that it is planning to provide temporary housing to an additional 20,000 Afghan refugees, bringing the total number up to 40,000. Last month, the charitable arm of the