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Tuesday, May 24, 2022

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Evergrande’s default won’t be a “Lehman moment” for China’s state-controlled economy

After months of speculation, two major Chinese residential property developers defaulted on their bonds. In December, Evergrande and Kaisa defaulted on US dollar-denominated bonds totaling...

Bay Area, California jobs slow down sharply in November, recovery staggers

Gulf and California job growth slowed sharply in November to its lowest level since the start of the year, raising more worrisome signals of...

Jill On Money: Year-End Remittances by 2021

It's time for my annual year-end money movement column. While I've written about this topic before, some of them are worth repeating. ...

COVID Economy: Omicron Uncertainty Wounds California Employment Prospects

Uncertainties surrounding the coronavirus and the omicron have prompted UCLA Anderson Forecast to cut their forecasts for California employment growth and total jobs in...

LinkedIn Buys and Leases Sunnyvale Plots Amid Technological Advances

SUNNYVALE - LinkedIn, setting the stage for its dramatic expansion in Sunnyvale, has bought two large plots and rented a large new office building,...

Investors Bargain With Three Silicon Valley Hotels Amid Viral Uncertainty

SAN JOSE - Three Silicon Valley hotels have struck new property deals that suggest investors are hungry for housing in a tech-heavy region despite...

Jill On Money: Temporary RIP Inflation

A week before the last meeting of the Federal Reserve Board this year, Chairman Jerome Powell testified before the Senate Banking Committee and acknowledged...

US government may skip payments as early as December 21: Think Tank

WASHINGTON. On Friday, the bipartisan think tank warned that the US government could begin to pass payments through its bills as early as...

China-listed companies rush to get rid of real estate business amid tough measures in the sector

SHANGHAI. Companies registered in China are increasingly selling real estate amid stricter regulatory scrutiny over the industry, according to reports and state media,...

Eurozone retail sales in October increased due to purchases of non-food products

BRUSSELS. Eurozone retail sales rose in line with expectations in October as consumers spent more on non-food purchases, especially online, Eurostat data showed...

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