News

China's property woes and U.S. sanctions have hit some cities hard

Hangzhou, capital of the eastern Zhejiang province and home to Alibaba and other tech companies, ranked first in this year's rankings.

American demand for international trips drives 'travel momentum' and overall spending

Americans' spending on international trips has underpinned overall travel strength.

Is the Fed 'sleepwalking into a policy mistake?': Abrdn analyst calls for faster easing of rates

Is the economy already weaker than the headline data suggests and should the U.S. Federal Reserve already be easing? Akintewe questioned on "Squawk Box Asia."

China's first global gaming hit sells millions in a week. An early investor shares what's next

China's first attempt at a top-tier video game has smashed world records, bolstering the industry's global ambitions after Beijing's gaming crackdown.

Warren Buffett leads Berkshire Hathaway to new heights at age 94

"It's been a matter of a well thought out strategy prosecuted for seven decades with discipline, consistency, and unusual insight," Oaktree's Howard Marks said.

Dollar General shares crater 20% as retailer cuts outlook, blaming 'financially constrained' customers

The discount retailer slashed its guidance for full-year same-store sales and profit.

China's Xi meets with U.S. national security advisor Sullivan

Chinese President Xi Jinping told U.S. national security advisor Jake Sullivan during a meeting that China hoped the U.S. would find "a right way" to get along.

China's electric car race is becoming more about chip prowess as companies focus on tech

Price wars aside, Chinese electric car companies are now competing on driver-assist and other tech powered by semiconductors.

Biden and Xi to speak after rare U.S. security adviser trip to China

The announcement came amid U.S. national security adviser Jake Sullivan's trip to Beijing this week to meet with Wang Yi, China's top diplomat.

401(k) auto-enrollment features don’t help savings as much as expected, study finds

Academics who helped pioneer research on 401(k) auto-enrollment find effects such as leakage blunt its long-term impact.

Buffett's Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so

The milestone came two days before Buffett's 94th birthday.

U.S. government researchers visit a Korean mine as the race against China for critical minerals heats up

The Sangdong Mine, owned by a subsidiary of Canada-based Almonty Industries, is set to resume operations this year.
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