Business

China Injects $54 Billion Into State Banks and Insurers to Steady Growth

China will inject $54 billion into state banks and insurers, announced September 6, to steady growth and lift equity investment as the economy cools.

Hawaii Declares Emergency as Hurricane Lowell Nears Kauai and Niihau

Hawaii declared a state of emergency on Sunday as Category 3 Hurricane Lowell neared Kauai and Niihau, prompting a tropical storm warning and flooding fear

Fireworks Blast at Mexico Church Festival Kills 10, Injures 64

A fireworks explosion at a patron saint festival in Temascalcingo, central Mexico, killed at least 10 people and injured 64 on Saturday night.

NFL Extends Roger Goodell Through 2030 in Performance-Heavy Contract Deal

NFL commissioner Roger Goodell agreed to a four-year contract extension running through the 2030 season, with over 95% of pay tied to performance.

US Energy Secretary Wright Warns No Iran Nuclear Deal May Emerge

US Energy Secretary Chris Wright said on Sunday there may not be a nuclear agreement with Iran, as talks stall and military action continues.

Global Housing Prices to Rise Modestly Amid Expectations of Lower Mortgage Rates

House prices across most major markets are expected to rise modestly in 2024 and 2025, as lower mortgage rates are anticipated to improve affordability...

Volvo Cars to Begin Deliveries of EX90 SUV After Extended Delays

Volvo Cars has announced that it will begin delivering its highly anticipated EX90 SUV to customers before the end of this month, following a...

Volkswagen Faces Workforce Tension Over Proposed Factory Closures Amid Cost-Cutting Drive

Volkswagen’s management is preparing for a tense meeting with its workforce as it outlines plans for significant cost-cutting measures, including potential factory closures in...

Nvidia Suffers Record Single-Day Loss as AI Optimism Dims Amid Market Selloff

Nvidia's shares plunged 9.5% on Tuesday, wiping out $279 billion in market value—the largest single-day loss for a U.S. company—amid a broader market selloff...

NBCUniversal’s Olympic Strategy Boosts Peacock and Drives Record Viewership

NBCUniversal's focus on the 2024 Paris Olympics has proven successful, delivering impressive results for both traditional TV and its streaming platform, Peacock. More than...

NFL Team Owners Face Estate Planning Challenges Amid Rising Values and Estate Taxes

As NFL team values surge into the billions, aging team owners are facing new challenges in managing their estates and ensuring smooth transitions to...

Tesla Cybertruck: A Bold Experiment or the Future of Trucks?

The Tesla Cybertruck has quickly made headlines, stirring a wide range of reactions from both fans and critics. Descriptions like “spaceship” and “UFO” are...

Record-Setting NFL Betting Expected to Surge in 2024 Despite Lagging Gambling Stocks

As the NFL season kicks off, U.S. sports betting is projected to reach a record $35 billion this year, marking a 30% increase from...

Steph Curry’s Post-Basketball Plans: Team Ownership and Business Ventures

Four-time NBA Champion Steph Curry is already preparing for life beyond the basketball court. At 36, Curry is not only one of the most...

South Korea’s Export Growth Slows in August Amid Weaker Demand for Semiconductors

South Korea's export growth continued for the 11th consecutive month in August, but the pace of expansion slowed as demand for key products like...

China’s New Home Prices See Slower Growth in August Amid Property Sector Struggles

New home prices in China experienced slower growth in August, reflecting the ongoing challenges in the nation’s beleaguered property sector. According to a private...

China’s Manufacturing Hits Six-Month Low as Economic Pressures Mount

China's manufacturing sector hit a six-month low in August as factory gate prices plummeted and manufacturers struggled to secure orders, according to an official...

Shanghai Pudong Development Bank Takes Full Control of Former Silicon Valley Bank Joint Venture

The Chinese joint venture of Silicon Valley Bank (SVB) is set to become a wholly owned subsidiary of Shanghai Pudong Development Bank (SPD) following...

Goldman Sachs to Cut Hundreds of Jobs in Annual Performance Review Process

Goldman Sachs is preparing to cut a few hundred jobs as part of its annual performance review process, targeting employees who have been identified...

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