News & Perspective
Keep current on recent E.J. McKay news & industry trends.
China Vanke says it has plans in place amid short-term liquidity pressure
State-backed property developer China Vanke said it is facing short-term liquidity pressure and operational difficulties, but added that it has prepared “a basket of plans” to stabilise its business and cut debt. A Basket of…
Yellen says U.S.-China relationship on ‘more stable footing’ but more can be done
U.S. Treasury Secretary Janet Yellen met Sunday in Beijing with Chinese Premier Li Qiang and sent a message of mutual cooperation despite the nations’ differences. Yellen came to China top of mind with trade…
Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud
Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former…
Apple could double down on China market, Wedbush says, as iPhone sales drop
Apple could double down on the China smartphone market amid declining iPhone sales and stiff competition in the country, Wedbush Securities said on Monday. Challenges Apple needs to overcome its China challenges including a tough macro…
Bitcoin price can top $150,000 post-halving, analyst predicts
The bitcoin price might skyrocket to $150,000 in 2024, according to a new prediction shared by analyst Tom Lee on CNBC’s “Squawk Box.” $500,000 Lee, Fundstrat Global Advisors’ managing partner and head of research, also conceded that…
TikTok creators fear a ban as the House prepares to vote on a bill that could block the app in America
TikTok – and some of its users – are pulling out all the stops to contest a bill that could lead to a nationwide ban of the app. As House lawmakers prepare to vote…
