BEIJING — A group of around 1,500 homebuyers in the Chinese city of Tianjin, near Beijing, have yet to see — let alone move into to — the apartments they said they paid for about eight years ago. As is common in China, the apartment complex in Tianjin sold the...
This inflation-focused ETF may be in a sweet spot
It's an exchange-traded fund designed to profit from higher rates. But even if the Federal Reserve starts to cut this year, Horizon Kinetics' James Davolos thinks his firm's Inflation Beneficiaries ETF (INFL) is in a sweet spot. "We're actually going into the mature phase of inflation," the firm's portfolio...
The rule capping credit card late fees at $8 is on hold — here’s what it means for you
Rohit Chopra, director of the Consumer Financial Protection Bureau, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., Dec. 15, 2022. Ting Shen | Bloomberg | Getty Images The U.S. banking industry won a key victory in its effort to block the implementation of...
European companies in China are under pressure from slower growth, overcapacity
BEIJING — European companies in China are finding it harder to make money in the country as growth slows and overcapacity pressures increase, according to a survey released Friday by the EU Chamber of Commerce in China. In the metropolis of Shanghai, business members even reported delays in getting paid...