May 16, 2024 | Markets
Authorities cut minimum down-payment ratio for homebuyers Bloomberg gauge of Chinese real estate stocks rises 9.9% Shares of Chinese property developers extended a rally after Beijing announced forceful measures to shore up the beleaguered property market. A Bloomberg...
May 16, 2024 | Markets
The company tells the tech industry in a letter that “unauthorized use” of its music to train AI models “infringes our intellectual property” Sony Music warned tech companies not to mine its recordings, compositions, lyrics and more “for any...
May 16, 2024 | Markets
New home construction increased in April after down revisions Proxy for future building fell to lowest since the end of 2022 New US home construction rose by less than forecast in April and permits for new activity dropped, suggesting the recent rise in mortgage rates...
May 16, 2024 | Markets
Dating app Bumble is in a scramble to remove a series of ads arguing that celibacy is not the solution to women’s dating problems after it was called out on social media. The billboards, which included messages like, “You know full well a vow of celibacy is not the...
May 15, 2024 | Markets
GDP data for last quarter of 2023 revised to show no growth Consumption, business investment, net exports all exert drag Japan’s economy shrank in the first quarter as consumers and companies cut spending, extending a dismal performance that stretches back to last...
May 15, 2024 | Markets
Bridgewater Associates Chief Executive Officer Nir Bar Dea warned investors of becoming too overconfident in their positions as geopolitical risks impact markets around the world. Bridgewater has been working with clients to stress test their portfolios amid tensions...
