(Bloomberg) — Michael Burry, the money manager made famous in the Big Short, added to wagers on Chinese tech giants Alibaba Group Holding Ltd. and JD.com Inc. in recent months even as a rout in Chinese shares deepened. Most Read from Bloomberg Alibaba is now Scion Asset Management’s top holding after Burry’s investment company boosted […]
(Bloomberg) — Michael Burry, the money manager made famous in the Big Short, added to wagers on Chinese tech giants Alibaba Group Holding Ltd. and JD.com Inc. in recent months even as a rout in Chinese shares deepened. Most Read from Bloomberg Alibaba is now Scion Asset Management’s top holding after Burry’s investment company boosted […]
(Bloomberg) — China stock traders are unwinding their margin debt rapidly, underscoring how a prolonged selloff may be leading to some forced share liquidation. Most Read from Bloomberg The outstanding amount of margin debt balance in mainland bourses fell by 2% on Friday to 1.46 trillion yuan ($203 billion), its biggest decline since June 2018. […]
Feb. 3—TRAVERSE CITY — Current and former employees of the region’s largest mental health organization more than two years ago described working conditions there as a dysfunctional “culture of fear.” About that same time, board members of Northern Lakes Community Mental Health Authority questioned some expenditures and began asking for detailed financial reports. As early […]
(Bloomberg) — New York Community Bancorp sank for a second straight day as at least five Wall Street analysts lowered their recommendations and Moody’s Investors Service put the bank’s credit rating on review for downgrade. Most Read from Bloomberg Shares tumbled as much as 15% on Thursday, hitting their lowest level since 2000, adding to […]
By Alien Fernandez and Dave Sherwood HAVANA (Reuters) – Cuban Elda William, a 60-year old former psychologist, had been making ends meet selling cellphone plans – until a sewage pipe at her home office burst, putting off prospective clients. No one has come to fix it and her income dried up, leaving her with little […]
(Bloomberg) — A rout in Chinese stocks deepened Wednesday as a slew of disappointing economic data reinforced bearish sentiment toward the market. Most Read from Bloomberg The Hang Seng China Enterprises Index fell 3.9%, recording its worst day since October 2022. The CSI 300 benchmark for mainland shares slid 2.2% as foreigners sold 13 billion […]
BEIJING (Reuters) – China’s manufacturing activity shrank for a third straight month in December and weakened more than expected, clouding the outlook for the country’s economic recovery and raising the case for fresh stimulus measures in the new year. The government has in recent months introduced a series of policies to shore up a feeble […]