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Investing
Subrata Roy, ‘bad boy billionaire’ and chief of India’s Sahara Group, dies at 75
Subrata Roy, the founder of Sahara, once one of India’s largest conglomerates, died on Tuesday, his company said in a statement. He was 75.…
Mutant Ape Planet NFT creator pleads guilty to stealing $2.9 million in ‘rug-pull’ fraud
This NFT really was non-fungible in the end. It never existed. The creator of the Mutant Ape Planet NFT, who sought to capitalize on the ape-themed art craze…
Why a derailed $11 trillion corporate bond market looks ripe for a comeback as U.S. inflation slows
Slowing U.S. inflation has sparked hopes of a big turnaround for hard-hit parts of the $10.6 trillion U.S. corporate bond market. Bonds issued by America’s…
U.S. stocks on course for record dividends in 2023, as 98% of companies hold or raise payouts in the third quarter
Almost all dividend-paying large U.S. companies increased their payouts or kept them steady in the the third quarter, delivering a 4.5% increase in cash…
Nepal bans TikTok because of ‘disruption’ to social harmony
Nepal has decided to ban TikTok because the popular short video app was disrupting social structures in the South Asian nation, government…
Consumer price inflation fell to 3.2% last month, in welcome news for US households and the Fed
First, the bad news: Prices continue to rise. Now, the good news: They’re doing so at a rate not seen in two years.
The Consumer…
Asian markets mostly higher ahead of U.S. inflation data and Biden-Xi meeting
TOKYO — Asian shares were mostly higher Tuesday ahead of potentially market-moving developments, including a U.S.-China summit and data releases from the…
Insider changes back to its former name as Henry Blodget leaves CEO role
Henry Blodget is stepping down as chief executive of Insider, a business news-focused website he co-founded in 2007 that has undergone many…
China retail sales, factory output grow more than expected in October
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world.…