Business

China's property sales set for a worse plunge than in 2008, S&P says

China’s property sales set for a worse plunge than in 2008, S&P says

Most apartments in China are sold before developers finish building them. Pictured here on June 18, 2022, are people selecting apartments at a development in Huai’an, Jiangsu province, near Shanghai. Future Publishing | Future Publishing | Getty Images BEIJING — China’s property sales are set to plunge this year by more than they did during …

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Credit Suisse expected to announce Koerner as CEO, latest change at helm - sources

Credit Suisse expected to announce Koerner as CEO, latest change at helm – sources

July 26 (Reuters) – Credit Suisse Group AG (CSGN.S) is expected to announce Ulrich Koerner as its new chief executive, the latest management churn at the Swiss bank as it struggles to recover from a series of scandals, two sources with the situation said on Tuesday. Pressure had been mounting on current CEO Thomas Gottstein …

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Brace For A Splash Of Cold Water For Dow Jones Rally

Brace For A Splash Of Cold Water For Dow Jones Rally

The setup for tomorrow’s Federal Reserve meeting wrap-up looks promising for a continuation of the latest Dow Jones Industrial Average rally. A second straight 75-basis-point rate hike is already baked in, so the stock market reaction to Wednesday’s monetary policy pronouncements should hinge on what Fed chief Jerome Powell signals about September’s meeting, nearly two …

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Sorrow in Choco Taco town after summer treat is discontinued

Sorrow in Choco Taco town after summer treat is discontinued

A tech millionaire offered to buy it. A US senator suggested that the government should force manufacturers to make it. But so far, Klondike isn’t budging from its plan to discontinue the Choco Taco. Klondike confirmed Tuesday that the summer treat is being pulled from ice cream trucks, convenience stores and grocery shelves. “Over the …

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