By Anniek Bao Airbnb Inc. will offer to move its existing Chinese homeowners and rental listings to rivals, including Meituan and a unit of Alibaba Group Holding Ltd., as it winds down its domestic operations in China. The home-rental giant said in a statement Friday that homeowners on its Chinese platform can apply to list … Read more
Text size Starbucks stock has gained 9% from its lowest close of the year in early May. Spencer Platt/Getty Images The stock market’s recent bounce could be good news for Starbucks , eBay , and other companies with the largest profit swings—if the rally continues. Tea S&P500 has gained just over 8% from its intraday … Read more
He’s now expecting a debt epidemic. “We are on the brink of an epidemic of emerging market defaults, the scale and scope of which will rival the debt crisis of the 1980s,” he wrote in an op-ed in the Financial Times. “Rate increases by Western central banks, fallout from the COVID pandemic, surging food and … Read more