One of China’s Top Tech Investors Sees Crackdown Turning Point

(Bloomberg) — The founder of one of China’s biggest private equity investors said the nation’s tech firms are turning a corner after a recent rout wiped out nearly $2 trillion in market value at its peak. Most Read from Bloomberg Fred Hu, the former Goldman Sachs Group Inc. rainmaker who started the $17 billion Chinese … Read more

The CFPB is turning to Dodd-Frank’s unfinished business

The Consumer Financial Protection Bureau’s rulemaking agenda will be dominated in the year ahead by unfinished rules that Congress mandated more than a decade ago by the Dodd-Frank Act.  The CFPB laid out the timeline for five rules in its spring agenda that the bureau expects to complete by May 31, 2023. Two of the … Read more

People turning to equity release to support cost of day-to-day living: Canada Life

In the first quarter of this year, 14% of equity release customers used funds to support the cost of day-to-day living amid rising inflation and the cost of living crisis in the UK, according to Canada Life customer data. The data showed that 12% of applications were also made in order to consolidate unsecured debts. … Read more

Inflation has Americans turning to loans, credit cards to cope. Does it pose big risks?

Linda Hampton was already struggling to pay her credit card bills in 2021 because of business expenses. Then soaring inflation pushed her to put everything on credit. She has since been able to trim her balance. Linda Hampton was already struggling to pay her credit card bills last year because of thousands of dollars in expenses … Read more

Twitter’s stock falls below where Elon Musk bought it, turning a $1.1 billion profit into a $40 million loss

Easy come, easy go, as shares of Twitter Inc. fell below where Elon Musk bought it, wiping out more than $1.1 billion in gains in four weeks. The social-media company’s stock TWTR, -5.55% sank 6.0% in afternoon trading Tuesday, toward the lowest close since March 16. It has tumbled 31.1% since it closed at a … Read more

World faces a turning point, Ukraine’s Zelenskiy warns leaders at Davos By Reuters

© Reuters. Ukraine’s President Volodymyr Zelenskiy is seen on a screen as he delivers a video address to the delegates of the World Economic Forum (WEF) in Davos, Switzerland May 23, 2022. REUTERS/Arnd Wiegmann By Natalia Zinets and Sabine Siebold DAVOS, Switzerland (Reuters) -Ukrainian President Volodymyr Zelenskiy told global business leaders meeting at Davos on … Read more

Hedge Fund Up 138% This Year Is Turning Bullish on China Stocks

(Bloomberg) — A fund manager who made triple-digit gains by hedging risks in Chinese equities is now turning bullish on mainland shares. Most Read from Bloomberg Zhao Yuanyuan’s fund at the 500 million yuan ($75 million) Shenzhen Qianhai JianHong Times Asset Management Co. has returned 138% so far in this year’s tumbling market. Her bets … Read more

US climate envoy John Kerry warns world against turning back to coal

US climate envoy John Kerry has warned the world not to turn back to coal as it attempts to wean itself from Russian gas, saying the war in Ukraine should not be an excuse to delay climate goals. The fallout from the conflict and deteriorating relations between the US and China have made it harder … Read more