China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring
China Evergrande Group is seeking a U.S. court’s approval to restructure more than $19 billion in the company’s offshore debts,...
Real estate
EV Startup VinFast’s Market Debut Pushes Value Higher Than GM, Ford
Shares in the Vietnamese electric car company more than tripled in its first day of trading, giving it a roughly...
Dates, Coffee and Camels—Saudi Arabia’s Sovereign-Wealth Fund Bets Big at Home
After pumping tens of billions of dollars into global investments, the $700 billion Public Investment Fund is accelerating spending at...
WeWork Raises Doubt About Its Survival
WeWork on Tuesday raised doubt about its ability to stay in business as the co-working space provider faces losses and...
High Rates, Low Supply Hinder Home Buying This Summer
Existing home sales, which make up most of the housing market, decreased 3.3% in June from the prior month to...
Meta, Microsoft Team Up to Offer New AI Software for Businesses
The Meta AI model, dubbed Llama 2, will be free and available to developers building software on Microsoft’s Azure cloud-computing...
Why Economies Haven’t Slowed More Since Central Banks Hit the Brakes
Government aid and the effects of the pandemic are blunting the impact of higher interest rates, for now. Source link
Disney’s Orlando Campus Cancellation a Blow to Neighboring Projects
Adjoining commercial and residential developments were banking on the relocation of 2,000 Walt Disney employees to Florida. Source link
Slow Return to Work Pummels Office Stocks
Vacancies are climbing and rents are sinking amid a stalled return-to-office rate. Source link
WSJ News Exclusive | Financier Rajeev Misra Is All Over WeWork Deal
The financier, who retains a role at SoftBank, recently agreed through his new fund to provide the office landlord nearly...
Americans Curb Spending on Home Improvements
Home Depot warned that its annual sales will fall for first time since 2009. The company said demand for home-improvement...
America’s Factory Boom Drives Sales Surge for Excavators, Steel and Trucks
Construction of semiconductor and battery factories helps Caterpillar, Nucor and other manufacturers plow past economic uncertainty and rising interest rates....
DOJ Settles Antitrust Case, Clearing Way for Assa Abloy Deal
The Swedish lockmaker has agreed to sell some of its brands to another company. Source link
The Glory Days of the American Mall
In the 1980s, malls weren’t just planters and parking lots but a way of life. Source link
Manhattan median rents hit another high in March | CNN Business
Washington, DC CNN — Even as rents are cooling in some parts of the country, it has never cost more...
Couple transforms abandoned Japanese home into guesthouse | CNN
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China’s Housing Market Has Plenty of Space but Not Enough Buyers
Around a third of all newly completed apartments in the country went unsold in 2022. Source link
‘This is a social emergency’: Thousands protest in Portugal over housing crisis | CNN
Lisbon Reuters — Thousands of people took to the streets of Lisbon and other cities across Portugal on Saturday in...
Commercial real estate is in trouble. Why you should be paying attention | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
What the banking crisis means for mortgage rates | CNN Business
Washington CNN — Mortgage rates have taken would-be buyers on a ride this year — and it’s only March. Generally,...
