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☆ ‘Just pure uncertainty.’ Small businesses are hopeful and fearful ahead of Trump’s second term
▼ + stars: | 2024-11-15 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

However, the post-election environment is hitting different this time around for many small business owners, such as Barrel-Art’s Michael Prieto, and leaving them wondering what comes next. For business owners who already were unsettled about the economy or its direction prior to the election, navigating the months and years ahead could be even more precarious, he added. Running leaner, hoping for cheaper moneyIn the months leading up to the election, Prieto was taking a wait-and-see approach. Michael Prieto, owner of Barrel-Art, in his shop in Newport News, VA, on November 13. Michael M. Santiago/Getty ImagesSmall business owners, by their nature, are optimistic, he said.

Persons: Michael Prieto, Donald Trump, John Arensmeyer, they’ve, ” Arensmeyer, “, ”, Art’s Prieto, Prieto, America ”, “ It’s, he’d, We’ve, Arensmeyer, Michael M, I’ve, Clifton Broumand, Janna Rodriguez, Rodriguez, she’d, can’t, JD Opel, he’s, ” Opel, ” JD Opel, — Opel, “ I’ve, Trump, Jeff Wood’s, ” Wood, we’ve, it’s, Marc Marcuse, Marcuse Organizations: CNN, Small, Economic, Shipping, Port, Getty, Machine, Corp, Opel, Reel Management, Management’s, Republican, White Locations: America, Newport News, Newark, New Jersey, China, Maryland, Freeport , New York, Evansville , Indiana, Jeff Wood’s Coldwater, Florida , Georgia, Utah, Pennsylvania, Los Angeles, Florida

Owens, Mayor Chokwe Antar Lumumba and City Council member Aaron Banks were indicted last month on conspiracy and bribery charges. Barbara Gauntt / Clarion Ledger / USA Today via ImagnA City Council member, Angelique Lee, resigned in August and pleaded guilty to conspiracy to commit bribery. “People are tired; they just want some good stuff done,” said Vernon Hartley, a City Council member for one of the city’s poorest wards. Aaron Banks is the second Jackson City Council member to be charged in the federal bribery case. Angelique Lee, a former City Council member, resigned and pleaded guilty to conspiracy to commit bribery.

Persons: JACKSON, —, Virgi Lindsay, ” Lindsay, Jody Owens, Lauren Witte, “, ”, Owens, Chokwe Antar Lumumba, Aaron Banks, Mayor Chokwe Antar Lumumba, Barbara Gauntt, Angelique Lee, Sherik Marve Smith, Smith, Jackson, Vernon Hartley, ” Owens, Banks, Lumumba, They’re, Lee, Rogelio V . Solis, The United States ”, Hartley, Lindsay, Ashby Foote, Hannah Mattix, Foote, ” Foote, ” Hartley Organizations: Miss, Council, Clarion Ledger, FBI, Southern District of, City Council, City, “, Department of Housing, Urban Development, U.S, Southern, Southern District of Mississippi Owens, Jackson City Council, ”, Attorney’s Office, The United, NBC News, Republican, Capital Club, USA, Solutions Locations: Jackson, Hinds, Hinds County, Southern District, Southern District of Mississippi, Imagn, Nashville, Florida, Owens, Africa, The United States, generalities, City

☆ Goldman sees this homebuilder rallying 30% even if mortgage rates stay high
▼ + stars: | 2024-10-31 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Homebuilder Meritage Homes could see outsized growth even in the midst of a housing lull, thanks to a strategy that emphasizes homes that are "move-in ready," according to Goldman Sachs. Existing home sales remain sluggish and housing turnover below historical norms due to affordability issues for consumers hit by higher mortgage rates. But even against a backdrop of tight housing supply, Goldman analyst Susan Maklari expects Meritage to outshine competitors owing to a unique strategy. Maklari believes Meritage is poised for further upside to its 2028 targets because the company offers a competitive proposition to buyers. Meritage provides a "turnkey solution" to consumers — fully outfitted units that don't need add-ons — with a 60-day closing guarantee on homes.

Persons: Goldman Sachs, Goldman, Susan Maklari, Maklari, Meritage Organizations: realtors, Elliott Homes

☆ As a child, he was kicked out of Macao’s grand Hotel Central. Now he’s the owner
▼ + stars: | 2024-10-29 | by ( Maggie Hiufu Wong | Jane Sit | ) edition.cnn.com time to read: +8 min

Fast forward to 2024 and Sio could recently be found cutting the ribbon to officially reopen the 96-year-old Hotel Central as its new owner. Hotel Central, formerly named the President Hotel, opened a few years later and became a key feature of the neighborhood. Simon Sio, pictured, grew up across from Macao's Hotel Central. Hotel Central was the first hotel in Macao to install an elevator. Courtesy Lek Hang GroupThe newly renovated Hotel Central has 114 rooms with a retro interior design inspired by the 1920s, 1930s and 1940s.

Persons: “, I’d, Ribeiro, Ma Lo, ”, San Ma Lo, Simon, hasn’t Organizations: CNN, Hang, Avenida, Hotel Central, Macao's Hotel, Central, UNESCO, Hotel, MGM Locations: Macao, –, Portuguese, Central, Ma, Hotel, San Ma, China, Barra

☆ Jeff Vinik sells stake in NHL's Tampa Bay Lightning to investor group
▼ + stars: | 2024-10-24 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

The Tampa Bay Lightning celebrate after defeating the Montreal Canadiens 1-0 in Game Five to win the 2021 NHL Stanley Cup Final at Amalie Arena on July 7, 2021. The Tampa Bay Lightning's ownership group is expanding. Vinik Sports Group, run by titan investor Jeff Vinik, is selling a portion of the National Hockey League team to a group of investors led by Doug Ostrover and Marc Lipschultz. As part of the Lightning deal announced Thursday, Arctos Partners will also sell a portion of its ownership and remain a minority stakeholder. Vinik acquired the Lightning in 2010 for a reported $110 million and since then has invested billions in real estate development in downtown Tampa Bay.

Persons: Jeff Vinik, Doug Ostrover, Marc Lipschultz, Vinik, Arctos, — Organizations: Tampa Bay, Montreal Canadiens, Amalie Arena, Vinik Sports Group, National Hockey League, NHL's, Governors, National Football League, Lightning, Blue Owl, NFL, Stanley Locations: Tampa, U.S, Tampa Bay

☆ Pizza chain sparks protests for doubling down on dessert referring to ex-D.C. Mayor Marion Barry and drug use
▼ + stars: | 2024-10-23 | by ( Juliana Valencia | Juliana Valencia Is An Emmy-Winning General Assignment Reporter For Nbc Washington | A Contributor To Telemundo | ) www.nbcnews.com time to read: +5 min

Washington-based &Pizza promoted a new menu item Monday called Marion Berry Knots, a dessert with marionberries. &Pizza on U Street in Washington, D.C., on Tuesday. A statue of the four-term mayor stands outside the Wilson Building downtown, and Southeast Washington has Marion Barry Avenue SE. D.C. Council member Marion Barry at the end of an unfinished streetcar line in the Anacostia neighborhood of Washington on Oct. 14, 2014. She “requested that the attorneys for the Estate of Marion Barry Jr. look into the matter and act accordingly,” the representative said.

Persons: Life ” Marion, Pizza, Marion Berry Knots, ”, Craig Hudson, Austin Lee, Mike Burns, that’s, ” Barry, Marion Barry, Barry, Evelyn Hockstein, Akosua Ali, Marion Barry’s, Ron Moten, ” Moten, Barry's, Cora Masters Barry, “, Marion Barry Jr, Peyton Sherwood Organizations: Protesters, D.C, Life, NBC Washington, Washington , D.C, The Washington, Getty, Pizza, Marion, FBI, Washington, Ward, NAACP Locations: WASHINGTON, Washington, Washington ,, Skyland, Southeast Washington, Wilson, Anacostia, Maryland , Virginia , New Jersey, Pennsylvania

☆ Apple's chief people officer, who reports directly to Tim Cook, is leaving the company after less than 2 years
▼ + stars: | 2024-10-16 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

Apple Chief People Officer Carol Surface is leaving after less than two years, Bloomberg reports. AdvertisementApple's chief people officer is leaving the company after less than two years, Bloomberg reported Wednesday. Dan Rosckes, Apple's global supply chain procurement chief, is also retiring after a 24-year stint, Bloomberg reported. Surface joined the company in 2023 from Medtronic, a medical hardware company, to oversee Apple's more than 160,000 employees. O'Brien will also continue to manage Apple's retail stores.

Persons: Carol Surface, Tim Cook, —, Matt Fischer, Luca Maestri, Cook, Kevan Parekh, Maestri, Dan Riccio, Dan Rosckes, Deirdre O'Brien, O'Brien Organizations: Apple, Bloomberg, Service, LinkedIn, Surface Locations: Medtronic

☆ A man who retired at 36 built 3 passive-income streams to ditch his full-time job decades early
▼ + stars: | 2024-09-13 | by ( Business Insider | Stephanie Hallett | ) www.businessinsider.com time to read: +5 min

He took his earnings and invested them in ways that would continue to generate passive income. His main source of passive income is real-estate investmentsIn 2020, Quan earned $59,000 from investing in real estate, making up 78% of his passive income. "My general approach to ETFs is that I want a mix of growth and dividend ETFs so that I have a balanced approach within the portfolio. It's really about being balanced, because the markets grow in different ways," Quan said. In 2020, his online passive income streams generated about $10,000.

Persons: —, Michael Quan, Quan Organizations: Service, Business Locations: Nevada, Airbnb, Venice , California, San Antonio

☆ No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy
▼ + stars: | 2024-08-23 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Riyadh, Saudi Arabia. The fund's investments in domestic infrastructure and real estate development grew 15% year-on-year to 233 billion riyals, while its foreign investments increased 14% to 586 billion riyals. The days of viewing Saudi Arabia as a mere financial reservoir are ending," Tarik Solomon, chairman emeritus at the American Chamber of Commerce in Saudi Arabia, told CNBC. watch nowSaudi Arabia's recently-updated Investment Law seeks to attract more foreign investment as well — and it's set itself a lofty goal of $100 billion in annual foreign direct investment by 2030. Spurring greater foreign buy-in "should also ease the burden that has recently been placed on the Public Investment Fund to offset the weaker foreign investment into the Kingdom," he added.

Persons: Tarik Solomon, —, Solomon, James Swanston, We've, Swanston Organizations: Getty Images, Public Investment Fund, Saudi, American Chamber of Commerce, CNBC, Eastern, Saudi Arabia's, Gulf, Capital Economics Locations: Riyadh, Saudi Arabia, Getty Images Saudi Arabia, Saudi, James Swanston , Middle East, Africa

☆ New homes are getting smaller. That could be big news for first-time buyers
▼ + stars: | 2024-08-05 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

In 1973, the median size of completed single-family homes was 1,525 square feet, according to US Census data. But as the cost of buying a home has exploded and McMansions have fallen out of favor, homebuilders have reversed course, building smaller homes with an eye to first-time buyers. Today, smaller, often more affordable homes under 1,000 square feet are harder to come by in most US suburbs. According to an NAHB survey, 17% of homebuilders said they built homes on smaller lots in 2023 to support home sales, and 14% said they built more townhouses. Smaller homes and fewer amenitiesHeather Eisenmann, a Realtor who specializes in selling new construction in Clarksville, Tennessee, said that she’s noticed that many of the new homes she shows now have smaller bedrooms and living rooms.

Persons: Jordyn Carias, ”, homebuilders, Alan Ratner, “, we’ve, Levittowns, wasn’t, Jacob Anbinder, ” Anbinder, Levitt, Irving Haberman, Michael Murray, Heather Eisenmann, she’s, ” Eisenmann Organizations: CNN, Zelman, Associates, National Association of Homebuilders, Cornell University, Sons, National Association of Realtors, Census Bureau Locations: Muscatine , Iowa, America, Levittown, New York, Puerto Rico, Real, United States, Horton, Clarksville , Tennessee, Muscatine, Sacramento

☆ 'Nobody wants to talk about it': A market-shifting real-estate trend is hiding in plain sight — and these 5 states will benefit most
▼ + stars: | 2024-07-27 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

"We've got a real headwind from climate change," Zelman told Business Insider in late July. AdvertisementThe two hottest days in recorded history were earlier this week, according to the Europe-based Copernicus Climate Change Service. Most scientists say that's due to climate change caused by humans, but even if it's a coincidental pattern, the trend of rising temperatures is undeniable. AdvertisementMidwestern cities are destined to overtake the 'Sun Melt'During the "great reshuffling" of the pandemic, warmer states in the Sun Belt region were among the biggest beneficiaries. The widespread advent of remote work allowed millions of people to relocate, and many moved in droves to warmer states in the Southern US.

Persons: —, Zelman, she's, We've, I've, Sylvain Leduc, Daniel Wilson Organizations: Service, Zelman, Associates, Wall, Business, Van Lines, Federal Reserve Bank of San Locations: Europe, Southern, South, Carolinas , Tennessee, Florida, Arizona, North Carolina, South Carolina , Tennessee, Georgia, Alabama, Texas, Midwest, Federal Reserve Bank of San Francisco, Miami, Ohio, Michigan , Illinois , Iowa, Wisconsin, Cleveland

☆ Meet the 'Russian James Bond' billionaire behind one of the most luxurious hotel brands in the world
▼ + stars: | 2024-07-14 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Vladislav Doronin is the founder of OKO Group and owner of the Aman luxury hotel group. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementReal estate billionaire Vladislav Doronin has built a hospitality empire beloved by celebrities and the ultrawealthy. Born in Russia, he moved to Switzerland in his 20s and got his start in business as a commodities trader. He built his real estate empire in Moscow before venturing abroad with the OKO Group in 2015.

Persons: Vladislav Doronin, Aman, Doronin, — Organizations: OKO Group, Service, Business Locations: Miami, Russia, Switzerland, Moscow

☆ China third plenum: Communist Party meets to set direction for troubled economy
▼ + stars: | 2024-07-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Stakes are high for the meeting, which takes place every five years and is known as China’s third plenum. It has historically been a platform for the party’s leadership to announce key economic reforms and policy directives. China’s gross domestic product expanded by 4.7% in the April to June months, compared to the previous year. But observers of China’s opaque political machine don’t believe there will be fundamental economic reforms this time around. Uncompleted residential buildings at a real estate project on the outskirts of Shenyang in China's Liaoning province earlier this year.

Persons: Hong Kong CNN —, Xi Jinping, Xi, , Xi’s, Andrea Verdelli, They’ll, ”, Neil Thomas, Jing Qian, Li Shangfu, Qin Gang, Li Yuchao, Xu Zhongbo Organizations: Hong Kong CNN, Communist Party, West, Reuters, party’s Central, US, Congress, Bloomberg, Getty, Observers, ” Asia Society Center, China, Tech, EU, Central Committee, Foreign, People’s Liberation Army Rocket Force Locations: China, Hong Kong, Beijing, United States, Europe, party’s, Shenyang, China's Liaoning, China's Shandong

Trump’s campaign insists the former president is his own best adviser and he alone will make the call. Vance,” Trump Jr. told Newsmax in January. That’s a key concern of Trump’s top advisers who have otherwise let the former president dictate the process. “President Trump should not be made to explain other people’s scandals or statements.”Burgum’s wealth may have worked in his favor for a time when Trump trailed President Joe Biden in the money wars. But the recent influx of cash into the campaign following Trump’s fundraising blitz and criminal convictions has blunted that advantage.

Persons: Donald Trump, Donald Trump Jr, Sen, J.D, Vance, Rupert Murdoch, Trumpworld, Doug Burgum, Sean Hannity, Florida Sen, Marco Rubio, Trump, —, Burgum, Rubio, South Carolina Sen, Tim Scott, Elise Stefanik, Byron Donalds, Ben Carson, “, Susie Wiles, Chris LaCivita, Wiles, “ Susie, Nikki Haley, Scott, In Rubio, Hannity, Kellyanne Conway, Trump’s, Mike Pence, Conway, ” Conway, namechecked Donalds, Marc Andreessen, Brian Hook, Bill Ackman —, Ken Griffin, Griffin, Haley, Steve Bannon, Bannon, Paul, Trump’s Jesus, Jesus, ” Bannon, ” Trump, Newsmax, ” Tucker Carlson, Carlson, Vance “, I’ve, Pence, ”, bankroll, Marco Rubio’s, Joe Biden Organizations: CNN, Ohio Republican, North Dakota Gov, Fox News, Florida, Trump, Republican National Convention, House GOP, Florida Rep, Urban, Street, South Carolina Gov, Indiana Gov, Washington Post, Democratic Party, The New York Times, Wednesday, White, Politico, Trump Jr, GOP, Fox, North, Republican, New, ”, Wall Street, Murdoch’s, Corp, “ Locations: Milwaukee, South Carolina, Florida, New York City, Nevada, Conway, Mar, Washington, South Florida, Miami, Vance’s, North Dakota, White

☆ Luxury developer Michael Shvo has big plans. Bitter disputes and a soft real estate market threatens to thwart them.
▼ + stars: | 2024-06-13 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +15 min

Amid the whirlwind of activity, the 51-year old, Israel-born executive has presented himself as a real estate visionary with a personal preference for all-black attire and a taste for luxury brands. BVK recently hired the residential brokerage firm Corcoran Group to complete a market study of the Fifth Avenue project, a person who viewed the report said. Miller noted he did not have direct knowledge of the situation at 685 Fifth Avenue. At 685 Fifth Avenue, he recently marked down prices for some of the units. In contrast, the Shore Club, which is being built by the New York real estate developer Steve Witkoff just a few hundred yards away from the Raleigh has pre-sold briskly.

Persons: —, Michael Shvo, Shvo, Peter Marino, Norman Foster, Renzo Piano, BVK, Corcoran, Jonathan Miller, Miller Samuel, Miller, Pam Liebman, Corcoran's, Truist, Michael Lirtzman, Akuna, Lirtzman, I've, Scott Wadler, Wadler, Jed Jacobsohn, John Goodman, Diane, –, Goodman, profanely, Serdar, Shvo's, Bilgili, Deutsche Finance didn't, Alex Miranda, I'm, Steve Witkoff, Morgan Chase Organizations: Service, Bayerische, Deutsche Finance, Business, GFI, Group, Shvo, Wabash, Akuna, Colliers, Wabash –, Raleigh, Core, New York State, Noë, Associates, West, Bilgili, BVK, Shore Club, New Locations: New York, Manhattan's Plaza, Los Angeles, Miami Beach, Raleigh, Israel, Wilshire, LA, Manhattan, Chicago, Miami, Paris, South Florida, San Francisco, Manhattan's, Turkish, BVK, Wabash, Shvo, Munich

☆ Luxury developer Michael Shvo has big plans. Bitter disputes and a soft real estate market threaten to thwart them.
▼ + stars: | 2024-06-13 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +15 min

☆ Photos Show Strength of Asian American Activism Throughout US History
▼ + stars: | 2024-05-30 | by ( Momo Takahashi | ) www.businessinsider.com time to read: +12 min

The term "Asian American" was first coined in 1968 amid the rising voices of the Third World Liberation Front student movements in California. With tensions from protests against the Vietnam War and calls for universities to invest in ethnic studies programs, the Asian American identity was born out of advocacy for multiethnic unity among the Asian diaspora. Historical photographs showcase the history of Asian American resistance movements from the 1960s to the 1980s, demonstrating the strength and resilience of the Asian American community among tenants, students, and laborers. For the next five years, Filipino and Mexican American workers continued to strike for economic justice for all farm workers. AdvertisementThe same year, Yuji Ichioka and Emma Gee, both graduate students and key organizers of the Asian American Political Alliance, coined the term "Asian American."

Persons: Delano, Cesar Chevez's Huelga, Julio Hernandez, Larry Itliong, Cesar Chavez, Gerald French, Chavez, Ted Streshinsky, Slava J, Garth Eliassen, Yuji Ichioka, Emma Gee, Dave Randolph, Sheriff Richard Hongisto, Terry Schmitt, Emil de Guzman, May Chen, Walter Leporati, Chol Soo Lee, Yip Yee Tak, Lee, John O'Hara, Chol, Lee's, Jerry Telfer, Vincent Chin, Vincent, Lily Chin, Detroit . Chin, Ronald Ebens, Michael Nitz, Ebens, Helen Zia, Victor Yang, Chin, Chin's Organizations: Liberation, Business, American, Agricultural Labor, Committee, Delano, Getty, Labor, National Farm Workers Association, United Farm Workers, Migratory Labor, National Farm Workers, University of California, University of California Regents, Black Student Union, UC Berkeley, Asian American Political Alliance, San Francisco State University, San Francisco Chronicle, San Francisco, . Police, Chinatown Community Development Center, Manilatown Heritage Foundation, Images Garment Worker, Ladies Garment Workers Union, International Ladies Garment Workers Union, San, Korean American Journalists Association, Asian, Lee Defense, Hall of Justice, The, American Citizens, Justice, Department of Justice, FBI Locations: California, Vietnam, Asia, San Francisco, Mexican, Bakersfield , California, Spanish, Washington, Delano, Sacramento, American, Berkeley, Berkeley , California, Africa, America, San, Los Angeles, Kearny, New York, Chinatown, Columbus, councilmen, San Quentin, Detroit ., Detroit

☆ Discovery Dunes: Dubai’s ultra-luxury desert community is selling plots for up $50 million
▼ + stars: | 2024-05-22 | by ( Leah Collins | ) edition.cnn.com time to read: +4 min

CNN —Luxury real estate development company Discovery Land Company (DLC) has quietly launched a multi-million-dollar, ultra-luxury residential community in Dubai, where the most expensive plot of land will cost up to $50 million. Discovery Dunes will be DLC’s debut ultra-luxury residency in the Middle East. Discovery Land CompanyCustomizable comfortPerhaps the most coveted aspect of the exclusive community is its scope for customization. “The villas here at Discovery Dunes are extremely customized,” a representative of Discovery Land Company told CNN in an interview. Discovery Dunes is the latest of DLC’s ’s planned projects in the region and across the globe, including new sites in Europe, Portugal and Central America.

Persons: Tom Fazio, ”, Mike Meldman, Olson Kundig – Organizations: CNN, Discovery Land Company, Discovery, Edition, Discovery Land, “, San Locations: Dubai, ”, Discovery, Burj, Italy, Brazil, Argentina, San Diego, UAE, Burj Khalifa, Europe, Portugal, Central America

☆ New York crypto personality used 'Seinfeld' joke in fraud, feds reveal
▼ + stars: | 2024-05-17 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

"In the television show 'Seinfeld,' the character George [Costanza] falsely claimed to have interviewed for a job with the fictional company Vandelay Industries," the office noted. In the episode, the invariably hapless Costanza claims he was seeking a position as a latex salesman. Prosecutors said Sfraga promised victims investment returns as high as 60% in three months, but in reality used the money for his own benefit "to pay expenses, and to pay earlier victims and business associates." Sfraga, who lives in Brooklyn, pleaded guilty Thursday in Brooklyn federal court to wire fraud, prosecutors said. He faces a maximum possible sentence of 20 years in prison, in addition to being ordered to pay restitution of more than $1.3 million.

Persons: Thomas John Sfraga, George, Costanza, Sfraga Organizations: Vandelay Contracting Corp, Brooklyn U.S, Attorney's, Vandelay Industries, Prosecutors Locations: York, New York, Brooklyn

☆ China's stock market has staged a big rebound that's poised to push on, strategist says
▼ + stars: | 2024-05-03 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

The Chinese stock market has rebounded and analysts said the rally looks set to continue. After six months of outflows, foreign investors are gradually putting money to work in China again. AdvertisementChina's stock market may have shaken its label as "uninvestable," with an economic rebound and a rally that could have plenty more room to run. LPL Financial strategist Adam Turnquist wrote this week that long-held bearish calls on China's property and stock market have shaken investor confidence. China's recent reputation as "uninvestable" has been fueled by mounting real estate troubles, a plummeting stock market and dismal consumer demand that's sparked a deflationary spell for the country.

Persons: —, Adam Turnquist, Turnquist, Ray Dalio Organizations: Service, LPL, Billionaire Locations: China, Hong Kong, Beijing

☆ China sees foreign threats ‘everywhere’ as powerful spy agency takes center stage
▼ + stars: | 2024-04-21 | by ( Nectar Gan | ) edition.cnn.com time to read: +16 min

But among the crowds you and I together are protecting national security,” the narrator concludes. Chinese soldiers look at a poster promoting national security in the southwestern city of Beihai on National Security Education Day on April 15, 2024. CFOTO/Future Publishing/Getty ImagesAccording to the MSS, foreign spies are omnipresent and infiltrating everything – from mapping apps to weather stations. But China’s spy agency has gradually stepped out of the shadows as Xi makes national security a key priority. “Shenyin Special Investigation Squad” is a comic series based on real-life counterespionage operations, according to China's spy agency.

Persons: –, “, ”, Xi, Xuezhi Guo, Sheena Chestnut Greitens, Xi Jinping, Greg Baker, Mao Zedong, Greitens, Chen Yixin, Chen, “ Chen, ” Greitens, Xi –, denigrate, Bain, Alex Plavevski, Guo, influencers, China’s, can’t, James Zimmerman, Perkins Coie, Zimmerman, ” Zimmerman Organizations: Hong Kong CNN, National Security Education, “, Ministry of State Security, National Security, Publishing, CIA, National, Education, Capitol, Guilford College, Asia, University of Texas, Getty, Communist Party, FBI, National Security Propaganda, CCTV, Ministry of State, China’s National Security Commission, Group, China Development Forum, Perkins Coie LLP, ”, MSS Locations: China, Hong Kong, Beihai, British, American, Beijing, Austin, AFP, Zhejiang province, Shanghai, New York, overreaching

☆ The freefall in China's home prices continued in March as Beijing struggles to stem real estate crisis
▼ + stars: | 2024-04-16 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +1 min

Chinese authorities reported a 9.5% drop in real estate development investment in the first quarter. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHome prices slumped in March, extending the housing market's decline and leaving authorities in Beijing scrambling for solutions to the country's real estate crisis. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, National Bureau, Statistics, Business Locations: Beijing, China

☆ Vietnamese property tycoon sentenced to death in country’s biggest ever financial fraud, state media reports
▼ + stars: | 2024-04-11 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Vietnamese property tycoon Truong My Lan (C) looks on at a court in Ho Chi Minh city on April 11, 2024. The Vietnamese property tycoon Truong My Lan was sentenced to death on Thursday for her involvement in the country's biggest ever financial fraud case, state media outlet Thanh Nien reported. She was sentenced to death for the embezzlement charges and to 20 years in prison for each of the other two accusations, according to state media. Around $12.3 billion were allegedly funnelled to Van Thinh Phat while other funds were used privately. Alongside Lan, more than 80 other people including central bank officials have been charged in the case for damaging SCB, state media reported.

Persons: Truong, Lan, Van Thinh, Van Thinh Phat, Vietnam's Organizations: Thanh, Van Thinh Phat Holdings Group, Stock Commercial Bank, Reuters, CNBC, Communist Locations: Ho Chi Minh, Saigon

☆ Trump recently spoke to his old 'friend,' Saudi Crown Prince Mohammed bin Salman, the NYT reports
▼ + stars: | 2024-04-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Former President Donald Trump recently spoke to Saudi Crown Prince Mohammed bin Salman, per the NYT. Trump once called the Saudi ruler "a friend of mine" whom he'd protected from congressional scrutiny. AdvertisementFormer President Donald Trump recently spoke to his old "friend" and de facto ruler of Saudi Arabia, Saudi Crown Prince Mohammed bin Salman, The New York Times reported on Wednesday. Related storiesThat Trump has carried on his relationship with the Saudi ruler isn't too surprising. AdvertisementTrump also claimed that he'd protected the Saudi Crown Prince from congressional scrutiny following the brutal murder of American journalist Jamal Khashoggi at the Saudi Consulate in Istanbul in 2018.

Persons: Donald Trump, Prince Mohammed bin Salman, Trump, —, Trump's, isn't, Jared Kushner, Jamal Khashoggi, Bob Woodward Organizations: MBS, Saudi Consulate, Service, The New York Times, White, The Times, Times, Representatives, Trump, Saudi, Trump Organization, Reuters, Business Insider Locations: Saudi, American, Saudi Arabia, Oman, Istanbul

☆ Buy the Atlanta Braves tracking stock since it will likely be bought by a billionaire, analyst says
▼ + stars: | 2024-04-02 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Analyst Barton Crockett hiked his price target on Atlanta Braves Holdings by more than 10% to $53 per share, saying in a note to clients Tuesday that the team could soon become a buyout target. "We assume that the Braves are likely to be taken private by a billionaire once properly tax-seasoned. Shares of Atlanta Braves Holdings closed at $38.79 per share on Monday, more than 36% below the Rosenblatt price target. BATRK YTD mountain The tracking stock for the Atlanta Braves has struggled in 2024. Atlanta Braves Holdings includes not only the baseball franchise but also some real estate development around the team's baseball stadium in suburban Atlanta.

Persons: Barton Crockett, John Malone, Crockett, Rosenblatt, Carlyle, David Rubenstein, Matt Ishbia Organizations: Rosenblatt Securities, Atlanta Braves Holdings, Liberty Media, Sirius XM, Braves, Sports, National League East, Baseball, Atlanta Braves, Carlyle Group, Baltimore Orioles, Phoenix Suns Locations: U.S, Atlanta

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