Beijing’s costly policy of lockdowns has pummeled the world’s second-largest economy and set off mass public protests that were a rare challenge to China’s leader, Xi Jinping.
Category: Shutdowns (Institutional)
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Small Investors Who Jumped Into Crypto on FTX Say, Now What?
Many small investors who piled into cryptocurrencies on FTX, BlockFi and other platforms are recognizing the perils of investing in an unregulated industry.
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Russia’s Economy Is Threatened by War and Sanctions
While Russia’s economy has not collapsed, an exodus of Western companies is eroding hard-won progress, and experts say the worst may be yet to come.
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The Week in Business: Upheaval in China
The labor market showed continued resilience. President Biden signed legislation averting a rail strike. And a near-total embargo on Russian oil takes effect.
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China Protests Over ‘Zero Covid’ Follow Months of Economic Pain
President Xi Jinping’s unbending approach to the pandemic has hurt businesses and strangled growth, squeezing the world’s second-largest economy.
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‘No Cooperation’: How Sam Bankman-Fried Tried to Cling to FTX
Emails and text messages show how lawyers and executives struggled to persuade the 30-year-old entrepreneur to give up control of his collapsing crypto exchange.
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Caroline Ellison Was a Little-Known Crypto Trader. Then FTX Collapsed.
Caroline Ellison, who ran the cryptocurrency trading firm Alameda Research, has found herself at the center of Sam Bankman-Fried’s collapsed crypto empire.
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US Approves Aid to Extend Life of California Nuclear Plant
The Energy Department’s grant of $1.1 billion is the latest step that could keep the reactor in operation beyond its scheduled shutdown in 2025.
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Redfin, the Online Real Estate Broker, Lays Off 13% of Its Staff
The company also said it was shuttering RedfinNow, its home-flipping service, as concerns grow about a slowdown in the housing market.
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Redfin, a Real Estate Broker, Lays Off 13% of Its Staff
The company also said it was shuttering RedfinNow, its home-flipping service, as concerns grow about a slowdown in the housing market.
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Apple Could Be Short of iPhones Because of Factory Disruptions in China
The company said Covid-19 restrictions were slowing production of the company’s new phones ahead of the holiday season.