The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.
Category: Stocks and Bonds
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Real Estate Giant China Evergrande Will Be Liquidated
After multiple delays and even a few faint glimmers of hope, a Hong Kong court has sounded the death knell for what was once China’s biggest real estate firm.
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Dick Bove, Famed Banking Analyst Now Retired, Says Dollar is ‘Finished’
Dick Bove, the ubiquitous banking expert, is going out swinging after more than half a century in the business.
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JetBlue Says It May Back Out of Deal to Acquire Spirit Airlines
JetBlue now says that it could back out of the acquisition just a week after the company said it intended to appeal a judge’s decision to block the deal.
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As China’s Markets Stumble, Japan Rises Toward Record
A change in perception among investors about China and Japan is one of the biggest themes in the markets right now.
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U.S. Economy Grew at 3.3% Rate in Latest Quarter
The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.
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Tesla Shares Tumble As Growth Stalls
Shares in Elon Musk’s electric vehicle maker fell sharply after the company delivered lackluster quarterly results and declined to give full-year guidance.
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Boeing Reinstalled Panel That Later Blew Out of 737 Max Jet
Employees at its Washington State factory are said to have removed the door plug for further work before the plane was delivered to Alaska Airlines.
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Jack Ma Doubles Down on Alibaba
China’s most famous entrepreneur has been out of the spotlight after clashing with officials. But in recent months, he has been buying shares in the tech giant he co-founded as its stock has plunged.
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For Long-Term Stock Investors, This Market Peak Won’t Matter
Compound returns that grow as stocks rise over the decades are far more important than the latest high, our columnist says.
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Stocks Are in a Bull Market. What Does That Mean?
It doesn’t mean stocks will continue to rise indefinitely, but it does reflect a generally optimistic outlook on Wall Street.