Boston Faces $1 Billion Tax Deficit From Faltering Office Market

City disproportionately hit by properties due to tax system Report calls for value of office space to dip by 20% to 30% Tumbling market values for office buildings are poised to cost Boston more than $1 billion in tax revenue over the next five years, as the pitfalls...

Michael Burry Adds to China Big Tech Wager as Stock Rout Deepens

Alibaba, JD.com are Scion’s top holdings after stakes boosted Firm reopened positions in companies in the third quarter 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...

Crafts Retailer Joann Seeks Cash Boost as Liquidity Wears Thin

Lenders are holding confidential discussions with the firm Company’s term loan due 2028 trades around mid-single digits Joann Inc. is having confidential discussions with its lenders as it seeks fresh capital to bolster its cash reserves, according to people familiar...

Swedish Landlord Castellum Warns Rental Market Will Weaken More

The chief executive officer of Castellum AB warned that the rental market will weaken more as the Swedish landlord reported that the value of newly signed contracts was lower than terminated leases in the fourth quarter. “The property industry has a tough year behind...

China Stocks in Hong Kong Slide as Market Reopens From Holiday

Hang Seng Index also turns positive after starting day lower Goldman says investors want a ‘comprehensive easing package’ Chinese equities listed in Hong Kong gained as trading resumed after the Lunar New Year holiday, with positive consumption data aiding sentiment....