NANJING, CHINA – AUGUST 18, 2023 – Aerial photo shows a residential area of Evergrande in Nanjing, East China’s Jiangsu province, Aug 18, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Getty Images Shares of Chinese property developer Evergrande jumped over 70% on Wednesday, leading gains on the Hang Seng Index. The real estate sector was
The United States Financial Accounting Standards Board’s new rules for crypto accounting will eliminate the “poor optics” that plagued companies holding digital assets, according to analysts from Berenberg Capital. On Sept. 6, the U.S. Financial Accounting Standards Board (FASB) approved new rules for cryptocurrencies with regard to how companies report the fair value of their
Starting in October, New Jersey motorists will pay almost a penny more per gallon for gas following a worse-than-expected year for state fuel tax revenue, officials announced. State Treasurer Elizabeth Maher Muoio said in a statement on Friday that an adjustment of the state’s Petroleum Products Gross Receipt tax rate was necessary following depressed taxable
The UK has struck a deal to rejoin the EU’s Horizon research programme, according to officials in London and Brussels, in a move welcomed by scientists and business. Rishi Sunak, UK prime minister, is expected to confirm on Thursday that Britain will take up its much-delayed associate membership of the €95.5bn Horizon programme, drawing a
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In this week’s video we stick with the RSI but this time we delve deeper into how to interpret it. We look at certain setups that allow us to gauge the strength of a trend and show us if it’s changing direction. These setups are called bullish and bearish divergences and are one of the
Bitcoin (BTC) has been trading between $25,333 and $26,156 since Sep. 1. Typically, a volatility squeeze is followed by an expansion in volatility but it is difficult to predict the direction of the breakout with certainty. CoinGlass data shows that Bitcoin has fallen for six consecutive years in September. This historic data could keep the
Airports are reviving plans to tap the $4 trillion municipal bond market to build and renovate runways, concourses and terminals as passenger traffic rebounds to levels last seen before the pandemic. During the first half of 2023, sales of airport bonds dropped to roughly $3 billion — less than a third of the amount seen
People celebrate the GitLab initial public offering at the Nasdaq, Oct. 14, 2021. Source: Nasdaq Check out the companies making headlines in after-hours trading. Zscaler — The cloud security stock slipped 1% even after a better-than-expected report for its fiscal fourth quarter and strong current-quarter guidance. Zscaler reported adjusted earnings of 64 cents per share
In recent studies, we’ve analyzed and examined the richest cities in other Deep South states, like Mississippi and Georgia. Here, we’re going to take a look at the richest cities in their mutual neighbor, Alabama. Although the median household income in Alabama — $54,943 — is close to $14,000 less than the median household income
A “For Sale” sign is displayed in front of a home on August 30, 2023 in Los Angeles, California. Mario Tama | Getty Images After rising sharply for several weeks, mortgage interest rates pulled back slightly last week, but not enough to revive mortgage demand. Total mortgage application volume fell 2.9% last week, compared with
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