Alibaba founder Jack Ma is hiding in Tokyo, reports say

Billionaire Jack Ma is believed to have been hiding in Tokyo with his family during Beijing’s crackdown on the country’s star tech companies and its most powerful and wealthy businessmen. Ma, the founder of e-commerce giant Alibaba who until the tech crackdown was China’s richest person, has rarely been seen in public since criticizing Chinese …

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Can you retire with $1 million?  Here's how far it will go

Can you retire with $1 million? Here’s how far it will go

Becoming a millionaire seems like a surefire way to live comfortably in retirement, but is it really? More than a third of millionaires say it will take a miracle for them to have a secure retirement. That’s according to the Natixis 2021 Global Survey of Individual Investors, which surveyed 1,617 people who had accumulated at …

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European Markets Stall as China Covid Policy Takes Center Stage;  HSBC up 5% on RBC deal

European Markets Stall as China Covid Policy Takes Center Stage; HSBC up 5% on RBC deal

UK gilt market ‘not back to normal’, says BOE governor Britain’s gilt market is “not back to normal” after the Bank of England intervened on Sept. 28, according to Governor Andrew Bailey, who spoke to a committee of lawmakers on Tuesday. The governor said the bank did not want to buy pegged gilts, but “needed …

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No long term care insurance? 5 more ways to plan ahead for aging at home in retirement

American retirees who would rather age in place than live in a nursing home or assisted living facility will need a lot of money to pay for it. It’s not a problem for the rich. For everyone else, you need long-term care insurance or some other way to cover the cost of home help, equipment, …

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Stocks mixed as China Covid-19 subsides

Stocks mixed as China Covid-19 subsides

The Dow Jones Industrial Average fell on Tuesday after a tough session on Monday. China-Based Actions Ali Baba (BABA), JD.com (JD) and Pinduo-duo (PDD) rose sharply as China’s Covid-19 concerns eased. X Tuesday’s modest dose of economic news includes the Case-Shiller home price index for September and November consumer confidence figures from the Conference Board …

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The mystery of rising prices.  Are greedy corporations responsible for inflation?

The mystery of rising prices. Are greedy corporations responsible for inflation?

Who is responsible for inflation? Some say greedy corporations are the culprits. Peter Ruck/BIPs/Getty Images hide caption toggle caption Peter Ruck/BIPs/Getty Images Who is responsible for inflation? Some say greedy corporations are the culprits. Peter Ruck/BIPs/Getty Images Everyone agrees that inflation is happening. What they don’t agree on is whodunit. The most recent figures show …

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Awesome: Hyatt Acquiring Dream Hotel Group

Awesome: Hyatt Acquires Dream Hotel Group

Hyatt has announced its latest acquisition, and this one is interesting… Dream Hotel Group joins the Hyatt portfolio Hyatt will acquire Dream Hotel Group’s lifestyle hotel brands and management platform, including Dream Hotels, Chatwal Hotels and Unscripted Hotels, with properties in the Americas, Europe and Asia. This light acquisition will initially increase Hyatt’s portfolio by …

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Almost everyone expects a recession.  Could the economy avoid one?

Almost everyone expects a recession. Could the economy avoid one?

Comment this story Comment Joe Shamie hears a lot about an impending recession. But his company just doesn’t feel it. Shamie is expecting a decent holiday season for her company, Delta Children, which sells strollers, cribs, bassinets and other baby furniture. He is encouraged by the fact that global supply chains are thinning out and …

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