I don’t know this company in particular, but this happens very often. I can imagine a business plan that said, “In the short term, we will pay people to do […]
Business World
Trending topics and news from the Business World category
Back to news homeEvergrande’s Struggles Offer a Glimpse of China’s New Financial Future
HONG KONG — Xu Jiayin was China’s richest man, a symbol of the country’s economic rise who helped transform poverty-stricken villages into urbanized metropolises for the fledgling middle class. As […]
Their Produce Is Pristine Enough for Picky Chefs. But They Give It Away.
MECHANICSVILLE, Pa. — Steve Tomlinson takes pride in the details at Carversville Farm, the 388-acre certified-organic spread he manages here in bucolic Bucks County.There’s the high-tech poultry barn, where an […]
U.S. stocks extend losses as yield spike hits tech stocks, Dow down 400 points
The 10-year Treasury yield continued its speedy climb on Tuesday, rising as high as 1.55% at one point overnight. Read More
Congress must raise the debt limit by Oct. 18, Treasury Secretary Yellen warns as default looms
Treasury Secretary Janet Yellen said Congress has until Oct. 18 to address the looming debt ceiling and avoid economic calamity. Read More
Watch Powell and Yellen speak live to Senate panel on Covid relief efforts
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Dow rises for a second day, adding 450 points as market continues to reclaim September losses
U.S. stocks were higher Thursday as fears around a crisis in China’s property market eased and as the Fed kept current monetary stimulus in place for now. Read More
Dow rebounds from Monday’s rout, gaining more than 200 points
Stocks tumbled on Monday due to a confluence of concerns including the imminent Fed meeting, the delta variant and potential economic disruption in China. Read More
DraftKings makes $20 billion offer for UK sports betting company Entain, sources say
The offer is largely in DraftKings stock, along with cash, according to the sources. Read More
Biden vows new era of ‘relentless diplomacy’ as world contends with Covid, climate change and China
Biden’s debut address to the UN General Assembly comes as the U.S. strives to rebuild alliances and reclaim a global leadership position. Read More
