Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022. Future Publishing | Future Publishing | Getty Images China’s economy is sputtering. Its property market is crumbling, deflationary pressures […]
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The top UN court has ruled on Gaza genocide case. Here’s what happens now
The hearing of Israel’s defense at the International Court of Justice on Jan. 12, 2024, in the Hague, Netherlands. Dursun Aydemir | Anadolu | Getty Images Last month, the International Court of Justice ruled on South Africa’s legal case accusing Israel of genocide. Legal proceedings began after the African country […]
Donald Trump wins Nevada Republican caucus, NBC News projects
Former U.S. President and Republican presidential candidate Donald Trump delivers remarks at a Nevada Republican volunteer recruiting event at Fervent: A Calvary Chapel on July 8, 2023 in Las Vegas, Nevada. Mario Tama | Getty Images Former President Donald Trump has won the Nevada Republican caucus, NBC News projects. Nevada […]
SoftBank shares extend their surge, pop more than 15% on earnings beat
SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images Shares of SoftBank Group rose as much […]
Biden says ‘my memory is fine,’ disputes special counsel’s report in national address
President Joe Biden in a televised address Thursday evening disputed a special counsel’s claims that he willfully retained classified material at his Delaware home, and that he exhibited poor memory during an interview in the fall about that material. “My memory has not gotten worse,” Biden told reporters hours after […]
Pinterest shares drop on weak outlook, revenue miss
A display for image sharing and social media service Pinterest is seen at the Collision conference in Toronto, Ontario, Canada June 23, 2022. Chris Helgren | Reuters Pinterest shares dropped in extended trading on Thursday after the company issued a weaker-than-expected forecast and reported disappointing revenue. The stock pared some […]
This is the No. 1 reason people get divorced, says Kim Kardashian’s high-powered divorce lawyer
If you’ve followed any celebrity divorce in the last 30 years, you’ve probably caught a glimpse of Laura Wasser’s career. Wasser, a divorce attorney at Wasser, Cooperman & Mandles and the chief of evolution at Divorce.com, has represented Kim Kardashian, Britney Spears and Ariana Grande. Celebrity divorces aren’t all that […]
Japan’s stock markets are on a tear. Will ‘zombie’ firms threaten the bull run?
TOKYO, JAPAN – SEPTEMBER 03: Zombies perform on the red carpet for the ‘Resident Evil: Retribution’ World Premiere at Roppongi Hills on September 3, 2012 in Tokyo, Japan. Adam Pretty | Getty Images Entertainment | Getty Images Japan’s stock markets have been on a stellar run since the start of […]
Cloudflare stock jumps 21% on earnings beat as the company wins larger deals
Matthew Prince, co-founder and chief executive officer of Cloudflare Inc., during the Fortune Brainstorm AI conference in San Francisco, California, US, on Monday, Dec. 11, 2023. The conference gathers leaders in machine learning and artificial intelligence to assess the industry and examine new business cases for AI. Photographer: David Paul […]
Arm’s post-earnings pop leaves stock trading at over 100% premium to Nvidia
The logo of semiconductor design firm Arm on a chip. Jakub Porzycki | Nurphoto | Getty Images Exactly two years ago, Nvidia’s attempt to purchase chip designer Arm from SoftBank came to an end due to “significant regulatory challenges.” Masayoshi Son, SoftBank’s billionaire founder, has never been so lucky. That […]