There are fears the country’s property market is overheated and that trade may continue to be hit by tensions with Washington, which have continued since President Joe Biden took office.
Category Archives: business
6-month spend trend: See how the prices have changed for popular grocery items
With inflation on the rise, NBC News is launching a new grocery price tracker to monitor the impact on consumers’ food bills.
Dow hits 34,000 after retail sales boom, lowest weekly jobless claims since pandemic began
“At long last, the economic recovery appears to be picking up speed,” said one economist.
Jeff Bezos says Amazon needs to do a better job for employees in final shareholder letter
In his final letter to shareholders, Amazon CEO Jeff Bezos said Thursday that the company needs to “do a better job for our employees.”
Child safety groups ask Facebook to scrap plans for Instagram for kids
Experts raise concerns about privacy, screen time, mental health, self-esteem and commercial pressure.
'Death is too good for him': Bernie Madoff's death reopens wounds for victims
Madoff’s victims, many of whom were elderly, lost their savings without warning — cheated by a Wall Street financier who built a lavish lifestyle for himself.
Cryptocurrency platform Coinbase valued at close to $86 billion in its Nasdaq debut
Coinbase shares closed at $328.28 in their Nasdaq debut on Wednesday, giving the cryptocurrency exchange an initial market cap of $85.8 billion.
Most stimulus checks aren't going to travel and luxury goods, but groceries and rent
“For all the talk of revenge spending and pent-up demand for travel… just 13 percent of stimulus check recipients plan to spend the money on discretionary activities or nonessential items,” said one analyst.
Madoff exploited weak oversight — did regulators learn their lesson?
“We didn’t need any new rules in order to prevent Bernie Madoff from happening. We needed to enforce the old rules,” said one ethics lawyer.
Asian American-owned businesses suffer outsized toll amid pandemic
The coronavirus pandemic is hitting business owned by Asian Americans on multiple fronts.