Tag: Transactions

China Evergrande calls off deal to sell stake in property unit falls

SINGAPORE— China Evergrande Group called off plans to sell a majority stake in its property-management unit for the equivalent of $2.6 billion, a major setback in the real-estate giant’s attempts to ease its liquidity crunch. The cash-strapped developer said Wednesday that it had planned to sell 50.1% of the profitable subsidiary, Evergrande Property Services Group Ltd.  6666, -8.01%, to […]

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Viral TikTok accuses Zillow and competitors of manipulating the housing market. Here’s what’s really going on.

Are companies like Zillow ZG, -3.40% and Redfin RDFN, +4.57% manipulating home prices by purchasing properties across the country? That’s what one real-estate agent claims in a video that went viral on the social-media platform TikTok — but real-estate experts say the reality is much more complicated. In a video that’s garnered more than 2.4 […]

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Global markets waiting to hear if China Evergrande will make key interest payment

Global investors who own China Evergrande Group’s 3333, -12.73%  U.S. dollar bonds were in the dark Thursday about whether the property giant would make a key interest payment, a major test of the highly indebted developer’s ability to avoid a default. Evergrande was on the hook to make $83.5 million in coupon payments on Sept. 23 on […]

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The Villages is a retirement ‘paradise’—so why is that a problem?

We learned from the 2020 U.S. Census that the fastest-growing metro area in the nation is The Villages, a master-planned retirement community in central Florida. In a demographically changing and urbanizing America, this dominantly white, politically conservative stronghold bucked the trend as retirees lured by warm winters, pastel-hued homes, golf carts and pickleball courts flocked […]

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Opinion: One hopeful sign for hard-hit stocks: S&P 500 is below its 50-day moving average

The S&P 500’s breaking below its 50-day moving average last Friday is not a good reason to sell. In fact, the S&P 500 SPX, -1.70% over the past four decades has performed better than average when the market was below its trailing-50-day average. There’s no way of knowing how much of Monday’s stock market plunge […]

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