News & Perspective
Keep current on recent E.J. McKay news & industry trends.
Antony Blinken and Xi Jinping hold ‘candid’ talks in Beijing
The US secretary of state, Antony Blinken, has wrapped up a rare trip to Beijing where he met China’s president, Xi Jinping, concluding a high-stakes visit aimed at stabilising spiralling relations. A Path Forward…
Tesla shares slide to 15-month low ahead of earnings, as Wall Street frets over price cuts, layoffs
Tesla shares fell for a seventh straight day, reaching their lowest since January 2023, as further price cuts over the weekend added to mounting concerns heading into the company’s first-quarter earnings report Tuesday. The…
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…
