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Yearly Archives: 2023

China developer Country Garden reportedly set to avoid yuan bond default

The East China headquarters of Country Garden is being shown in Zhenjiang, Jiangsu Province, China, on October 10, 2023. Nurphoto | Nurphoto | Getty Images Embattled Chinese real estate developer Country Garden may avoid a default on its yuan-denominated bonds after most holders of a local note agreed not to demand repayment …

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Can Hamas actually be eliminated? Experts weigh in

An Israeli army self-propelled artillery howitzer fires rounds from a position near the border with the Gaza Strip in southern Israel on Dec. 7, 2023. Menahem Kahana | Afp | Getty Images Israel’s war against Hamas — which has turned the blockaded and then besieged Gaza Strip into a post-apocalyptic …

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Anger and frustration as COP28 draft text omits fossil fuel phaseout

COP28 President Sultan al-Jaber speaks to the media at the U.N. climate conference on Dec. 10, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images News | Getty Images DUBAI, United Arab Emirates — The draft text for a COP28 climate deal that does not include the phasing …

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TikTok, GoTo team up in Indonesia, threatening e-commerce giant Shopee

BRAZIL – 2023/05/23: In this photo illustration, the Shopee logo is displayed on a smartphone screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) Rafael Henrique | Sopa Images | Lightrocket | Getty Images Shopee, the e-commerce arm of Southeast Asian tech giant Sea Limited, may face “greater pressure” …

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India overtakes Hong Kong to become world’s seventh largest stock market

Pedestrians walk towards the Chhatrapati Shivaji Terminus train station at dusk in Mumbai, India, on Wednesday, Oct. 4, 2023. Bloomberg | Bloomberg | Getty Images India’s stock market value has overtaken Hong Kong’s to become the seventh largest in the world as optimism about the country’s economic prospects grow. As …

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Investors ‘hated’ Snow in Seconds, offered a deal anyway

Walking away with a “Shark Tank” investment offer is no easy task — especially when the investors “hate” your idea. Jonathan Dusing, co-founder and CEO of Snow in Seconds, seems to have cracked the code. On Friday’s episode of the ABC show, he pitched his company, which aims to “bring …

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How Roth conversions can reduce taxes for inherited IRAs

Only 41% of investors with more than $1 million have a plan for passing on their wealth to future generations, UBS says. kate_sept2004 via Getty Images As retirees consider their legacy, a popular income tax-saving strategy has become more common, experts say. The strategy, known as a Roth individual retirement …

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Warren Buffett’s Berkshire Hathaway continues to sell HP shares, cuts stake to 5.2%

Warren Buffett tours the floor ahead of the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, NE. David A. Grogan | CNBC Warren Buffett’s conglomerate Berkshire Hathaway has reduced its stake in HP to 5.2%, according to a regulatory filing released Monday night. The conglomerate previously had a nine-day selling streak in mid-September through early …

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UAW files unfair labor practice charges against Hyundai, Honda, VW

United Auto Workers President Shawn Fain during an online broadcast updating union members on negotiations with the Detroit automakers on Oct. 6, 2023. Screenshot DETROIT — The United Auto Workers has filed unfair labor practice charges with the National Labor Relations Board against Honda Motor, Hyundai Motor and Volkswagen, accusing …

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Oracle (ORCL) Q2 earnings report 2024

Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. David Paul Morris | Bloomberg | Getty Images Oracle shares dropped more than 9% in extended trading Monday after the software company reported fiscal second-quarter revenue that fell …

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