Finance
This as-told-to essay is based on a conversation with Jennifer Ong, 33, a former vice president at BlackRock turned career change coach and podcast host. The following has been edited for length and clarity. Business Insider has verified her education and employment history.In high school, I had no clue what…
(Bloomberg) — PDD Holdings Inc.’s position as China’s top-performing tech stock is in danger, amid a crisis of investor confidence over the e-commerce firm’s worse-than-expected sales and growing competitive threats.Most Read from BloombergThe company behind the popular Temu platform and its Chinese equivalent Pinduoduo has seen its US-listed shares slide…
BEIJING — China’s plan to boost consumption by encouraging trade-ins has yet to show significant results, several businesses told CNBC.China in July announced allocation of 300 billion yuan ($41.5 billion) in ultra-long special government bonds to expand its existing trade-in and equipment upgrade policy, in its bid to boost consumption.Half…
Access to housing in the United States is one of many issues Americans face as they grapple with the current economic environment. Paired with higher interest rates, and increased costs of groceries and basic essentials, homeownership—once the cornerstone of the American Dream—is an increasingly elusive reality. Additionally, with Pew Charitable…
Saxony and Thuringia comprise 6mn people, only 8% of the German total, but elections in both states (Brandenburg is on the 22nd September) have, as we have highlighted in recent notes, heaped pressure on Olaf Scholz’ government. For the traffic light coalition, the results were awful – the government garnered…
By Clare Jim and Julie Zhu HONG KONG (Reuters) -Hui Ka Yan, the chairman of China Evergrande (HK:) Group – the company at the centre of the country’s property sector crisis – has been moved to a special detention centre in Shenzhen, two sources with knowledge of the matter said.…
British and American forces recently intercepted a drug-smuggling narco-sub carrying millions of dollars worth of Cocaine in the Caribbean Sea.Military photos show the bust, which was the first time the Royal Navy had ever intercepted a narco-sub.The Royal Navy shared photos and details of the incident on Thursday, explaining that…
(Bloomberg) — As Hong Kong’s commercial property slump drags on, Chinese state money has emerged as one of the few pillars of support.Most Read from BloombergChinese firms have become active buyers in the city’s flailing real estate market, snapping up shopping malls and offices as local and international investors pull…
Vice President Kamala Harris raised $47 million in the first 24 hours following her Tuesday night debate against former President Donald Trump, a Harris campaign spokesman told CNBC.The massive figure represents another boost to Harris’ fundraising operation, which has been a juggernaut since President Joe Biden dropped out of the…
The surge in popularity of digital wallets is a big multi-year story in payments. The convenience of being able to pay for your shopping with your mobile phone —eliminating the need to carry cash and cards — has resulted in a wave of adoption that shows little sign of abating.…
