Tag: politics
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Alibaba co-founder Jack Ma returns to China after a year’s absence
Jack Ma, Alibaba Group Holding Ltd. The billionaire co-founder has returned to mainland China after spending about a year abroad, according to people familiar with the matter. The travels of Mr. Ma have been the subject of intense scrutiny as China’s leadership scrambles to regain entrepreneurial confidence after years of regulatory and pandemic Covid-19 measures […]
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San Francisco fights urban disorder – and goes after a small free library
SAN FRANCISCO – Many streets in this city are clogged with homeless tents, drug addicts and illegal vendors. City inspectors recently went after a Little Free Library. “Remove unauthorized encroachments on public highways,” a city message to Susan and Joe Meyers ordered, unless they have applied within 30 days For a $1,402 “Minor Sidewalk Encroachment […]
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Apple’s Tim Cook takes the stage in China with a welcome cheer
BEIJING – Apple from Inc AAPL 0.83% Tim Cook took the stage at an economic conference in Beijing sponsored by the Chinese government on Saturday and gave a buoyant speech that was welcomed with applause. The treatment his counterpart at TikTok received in Washington days earlier couldn’t have been more different: hours of questioning by […]
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We want to retire in about 5 years, but have $150,000 in credit card debt and loans and $1.4 million in retirement accounts – ‘we really want to be retired’
I am trying to get some outside guidance to be able to retire in the next 5 years Unpleasant 7 years. I amI have to work until I am 59 1/2 to use retirement funds. We have about $1.4 million in 401(k) and Roth accounts, $30,000 in stock, a rental house that we owe $245,000 […]
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Crypto faces legal reckoning as SEC prepares action against Coinbase
The SEC has informed Coinbase that it plans to sue the company for allegedly violating a series of investor protection laws, the company said this week. An eventual SEC lawsuit against the largest US crypto exchange could help determine the future shape of exchanging dollars for digital tokens such as bitcoin, ether or polkadot. It […]
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Rivian is bringing more engineers to the Illinois EV plant to speed up production
Electric vehicle manufacturer Rivian Automotive Inc. RIVN -0.66% is moving parts of its production engineering team to its Illinois plant as part of a reorganization aimed at speeding up production, according to a person familiar with the plan. The reorganization is expected to be announced shortly and will result in a significant portion of the […]
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Europe’s leaders are battling the banking crisis amid market losses
German Chancellor Olaf Scholz said Deutsche Bank is profitable after shares fell more than 10% during European trading. Ludovic Marin | Afp | Getty Images BRUSSELS – European leaders wanted to emphasize on Friday that the banking sector in the region is stable and solid German Bank‘s sudden drop as markets opened up for trading. […]
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American banking supervisors criticized in the European Union after SVB collapse
Regulators and officials across the European Union are nervous about potential contagion to their banking sector following the recent turmoil in the United States. However, they believe the US should learn from some of the regulatory work that has been introduced in the euro area. Basel III is a series of reforms that strengthen supervision […]