Category: Finance

HNA Group reorganized in bankruptcy involving debts of 700 billion

HNA Group, which is burdened with the largest debt in China’s history, has issued an official statement that the court…

Three major U.S. stock indices fell in tandem

On Friday, Jan. 29 at midday, the three major U.S. stock indexes extended their losses and fell collectively by more…

U.S. core personal consumer price index grew faster than expected in December

The U.S. core personal consumption price index (PCE) grew faster than expected in December, according to data released Friday. According…

Group crushes hedge funds Wall Street retail communications home base blocked

GameStop, a video game retail store, is open for business in Alhambra, California, U.S., Jan. 27, 2021. Recently, the U.S….

China makes largest U.S. corn purchase to date

China has made its largest purchase of U.S. corn to date to meet a surge in demand for animal feed,…

Retailers fight with Wall Street GameStop stock price deficit outside reaction polarized

GameStop shares soared from less than $20 per share a week ago to $492 today, staging an epic battle of…

SEC evaluates GameStop stock wave, promises to protect retail investors (chart)

The U.S. Securities and Exchange Commission said Friday (Jan. 29) that they will evaluate the recent emergence of huge swings…

GM will only sell electric cars in 2035, no longer sell fuel cars

GM’s Chevrolet fuel cell vehicles, boasting zero emissions. The global auto makers are striving to transform towards electric vehicles, the…