China faces a nearly $1 trillion funding gap. It will need more debt to fill it.

During the first four months of the year, investment in real estate development fell by 2.7% from a year ago. Pictured here is a project in Qingzhou, Shandong province, on May 15, 2022. CFOTO | Future Publishing | Getty Images BEIJING — The Chinese government faces a growing shortfall of cash, analysts say, as they…

WHO can’t rule out monkeypox pandemic risk, says there’s a window of opportunity to stop outbreak

The World Health Organization has said that there is a “window” of opportunity to contain a recent monkeypox outbreak which has seen cases spread across Europe, the U.S. and Australia. Nurphoto | Nurphoto | Getty Images The World Health Organization said Monday that it is too soon to tell whether a recent monkeypox outbreak could…

Fed Governor Christopher Waller says he’s prepared to take rates past ‘neutral’ to fight inflation

Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller said Monday he sees interest rate increases continuing through the rest of the year…

The Hamptons summer rental market is facing an unexpected chill as inventory piles up and prices come down

The rental market in the Hamptons is facing an unexpected chill this summer. After two years of strong demand and soaring prices, the supply of rentals in the Hamptons is surging, leading to a wave of last-minute price cuts. Median rental prices in the first quarter fell 26%, according to Jonathan Miller, CEO of Miller…

House hunting? Here’s when to increase your budget and when to stick to your original price

valentinrussanov | E+ | Getty Images The housing market is hot right now — if you’re a seller. Buyers, on the flip side, are having a harder time finding homes. Americans are aware of the struggles they face in buying a home. More than 70% of U.S. adults believe the housing market is currently in…

Flight cancellations ease after rocky start to Memorial Day weekend

A Delta Airlines commercial aircraft approaches to land at John Wayne Airport in Santa Ana, California January 18, 2022. Mike Blake | Reuters Flight disruptions continued Sunday but eased from the rocky start to Memorial Day weekend, a test for carriers as they gear up for a busy summer travel season after more than two…

The luna cryptocurrency has been resurrected after its $40 billion collapse. It’s already crashing

In this article UST.CM= LUNA.CM= Cryptocurrency markets have seen a steep sell-off after the collapse of controversial blockchain project Terra. Dan Kitwood | Getty Images A new version of the collapsed luna cryptocurrency is already live on major exchanges — and it’s gotten off to a bad start. Last week, supporters of the Terra blockchain…

‘Top Gun: Maverick’ grosses $124 million, making it Tom Cruise’s best domestic opening weekend

In this article PARA Tom Cruise in “Top Gun: Maverick” Source: Paramount LOS ANGELES – “Top Gun: Maverick” soared to $124 million during its opening weekend, earning Tom Cruise his highest domestic debut. The prolific actor, who has made a name for himself as a fearless stuntman, has generated more than $4.2 billion at the…

The first act of the streaming wars saga is over — Netflix’s fall from grace has ushered in the pivotal second act

In this article NFLX Reed Hastings, Co-CEO, Netflix speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021. David Swanson | Reuters The media and entertainment industry prides itself on its mastery of classical storytelling’s three acts: the setup, the conflict and the resolution. It’s safe to declare the…