Beijing has often addressed economic troubles by boosting spending on infrastructure and real estate, but now heavy debt loads make that a hard playbook to follow.
Category: Stocks and Bonds
How Short Seller Nathan Anderson Beat Carl Icahn “at His Own Game”
After a short seller targeted Icahn Enterprises, the activist investor made changes. At 87, he insists he’s not going anywhere and will refocus on rattling company cages.
China Faces a Crisis in Its Real Estate Sector
Beijing wanted to cool its housing market, but created a bigger problem, as the fallout from debt-laden developers and sinking sales spreads to the broader economy.
Hawaiian Electric Was Warned of System Fragility Before Maui Wildfire
The utility knew it needed to upgrade its equipment but did not make changes that could have reduced risks of fires, energy experts said.
Wall St. Pessimists Are Getting Used to Being Wrong
The S&P 500 is up more than 19 percent this year, but some still warn that the future may not be as rosy as that implies.
Gautam Adani’s Rise Was Intertwined With India’s. Now It’s Unraveling.
The tycoon often said the Adani Group’s goals were in lock step with India’s needs. Now, the company’s fortunes are crashing, a collapse whose pain will be felt across the country.
Wall St. Is Counting on a Debt Limit Trick That Could Entail Trouble
If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
Rupert Murdoch Backtracks on Plan to Merge Fox and News Corp
News Corp, one of his companies, said Rupert Murdoch had determined that a merger was “not optimal for shareholders of News Corp and Fox at this time.”
Elon Musk Faces Trial Over His 2018 Plan to Take Tesla Private
Investors are seeking billions of dollars in damages for their losses after Mr. Musk posted a proposal on Twitter that never materialized.
Bob Jordan, Southwest Airlines’ CEO, on What Went Wrong
Southwest Airlines’ chief executive, Bob Jordan, said frigid temperatures and mistakes by the company caused its meltdown around Christmas.