Court orders property developer China Evergrande Group to liquidate after it was unable to reach a deal with creditors

If you find yourself struggling to make your rent payment every month, you’re not alone. More Americans are having that problem than ever before, according to new data from Harvard University. The number of American renters considered “cost burdened” by their monthly housing payment in the latest count from 2022 hit an all-time high of 22.4 million…

Niger, Mali and Burkina Faso withdraw from West Africa economic bloc ECOWAS, citing coup sanctions, officials say

DAYTONA BEACH, Fla. — Jenson Button, so entrenched in his preparation for the Rolex 24 at Daytona, seemed to miss the news that Red Bull’s junior Formula One team had been rebranded. After climbing off the timing stand Friday at Daytona International Speedway, he was asked his thoughts on the team known as AlphaTauri the…

Bill Ackman’s Pershing Square Capital Management has reclaimed a spot on the list of the world’s 20 best-performing hedge funds nine years after falling out of the ranking. Pershing Square claimed the 20th spot after edging out Louis Bacon’s Moore Capital Management, according to research by LCH Investments. LCH said that the New York-based fund,…

There’s a shift underway in Asia that’s reverberating through global financial markets. Japan’s stock market, overlooked by investors for decades, is making a furious comeback. The benchmark Nikkei 225 index is edging closer to the record it set on Dec. 29, 1989, which effectively marked the peak of Japan’s economic ascendancy before a collapse that…

A $3 billion bet on Walt Disney by Nelson Peltz’s Trian Fund Management was largely responsible for the investment management firm’s underperformance last year compared to its activist hedge fund peers, according to financial details provided to Reuters by a Trian investor. The previously unreported details illustrate the high financial stakes for Trian as it seeks…