The decline in property sales comes at a time when some homebuyers refuse to repay loans for unfinished properties, magnifying the liquidity problem of the industry.
This prospect doesn’t seem to concern traders and investors on Wall Street, which staged a massive rally after the release of the Federal Open Market Operations Committee’s decision.
Like the ECB, the Fed has been trying to tame inflation, getting from bad to worse by any measure.
A reason could be America's move to exclude Russia from the SWIFT system to punish its invasion of Ukraine, which makes the dollar less appealing as a global currency, an expert says.
In the first half of 2022, both companies were caught with excess inventories of discretionary items and had a hard time getting rid of them.
The popular show generated 1.3 billion hours viewed thus far in the new season. That made it Netflix's biggest 2 season of English TV ever, reviving interest in past episodes.
Red Hat brought IBM an extensive open-source technology portfolio, an innovative hybrid cloud platform, and a vast open-source developer community.
Washington's display of the "rules of engagement" comes after the U.S. Secretary of State Antony Blinken called China to abide by its international law obligations.
Unlike the dollar, which is the currency of a federation, the euro is the currency of an economic union based on the European Stability and Growth Pact (ESGP), which country members routinely violate, according to Athens Chamber of Commerce and Industry Counsellor Fanis Matsopoulos.
There are three major challenges in EV charging today: accessibility, speed, and stability.
Wage hikes do not seem to significantly impact corporate earnings growth, as the reporting companies have managed to pass the higher costs on to consumers in the form of price hikes.
The resurgence of inflation is a global phenomenon. It began with supply chain disruptions and labor shortages since the world economies ended the pandemic lockdowns.
Marco's flip-flop on the Philippines follows China's senior diplomat Wang Yi's visit to Manila, the first foreign minister to visit the country.
The first sign is the decline in international transportation costs, as measured by the Baltic Exchange Dry Index.
According to a recent editorial, America has sought China's help to fight inflation by getting back to the negotiation table to work out a tariff reduction schedule on Chinese products.
Russian and Chinese warships sailing near the Diaoyu Islands in the East China Sea sent a double warning to Japan.
The Solomon Islands' saga could begin once the Pacific nation obtains the $100 billion loan from Chinese financial institutions its government sought.
Every company must start from somewhere, and the sooner you implement diversity-friendly hiring policies, the faster you can reap the rewards.
The consensus among experts is that this option is very likely, and it will inflict more pain to Europe than to Russia.
If the life of your business depended on it, would you trust the numbers in your accounting system?
On Monday afternoon, the athletic apparel giant reported earnings for the fourth quarter that ended May 31, 2022, of 90 cents, nine cents better than analysts' estimates.
Taking steps to decrease residential energy consumption and reduce dependence on fossil fuels will be consequential for those not only looking to meet ESG standards but to benefit the planet as a whole.
The Russia-Ukraine war has brought Russia closer to India and China, which have refused to join the U.S. and EU in sanctioning Russia, with Beijing going even further.
The new global divide is about a rules-based international order of multilateralism vs an intimidation and coercion-based order of regionalism and localism.
Platforms like Twitter and Facebook have become immensely powerful through disempowering their users, the very people who give the networks value.
Social media quizzes may be lighthearted, but that doesn’t mean your answers can’t help scammers or hackers find answers to security questions on your bank accounts.
Austria and the Netherlands have followed suit with their plans to revert to dirty coal for their energy needs.
Inflation, the old villain of the American economy, is back, crushing the budgets of American families, devastating small businesses, and taking financial markets for a wild ride.
Japan's reaffirming of the free money policy is counter to other major economies' policies.
However, lead analyst global risks at Sibyline sees the U.S. and its allies promoting a “free and open Indo-Pacific” based on liberal values and international law.