deficit

Hong Kong shares drop more than 2% as Tencent cuts Meituan stake;  Japan has a trade deficit of $15 billion

Hong Kong shares drop more than 2% as Tencent cuts Meituan stake; Japan has a trade deficit of $15 billion

NetEase plunges after Blizzard announces suspension of gaming services in China Hong Kong listed shares of NetEase plunged 13% after Blizzard Entertainment, a subunit of ActivisionBlizzardsaid it would suspend gaming services in China, citing the expiration of licensing agreements with NetEase. “We are extremely grateful for the passion our Chinese community has shown throughout the …

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California is expected to have a $25 billion budget deficit

California is expected to have a $25 billion budget deficit

California will likely run a $25 billion budget deficit next year, state officials said Wednesday, ending a streak of historic surpluses and acting as a warning to other states of a possible recession. The deficit will likely lead to painful spending decisions in the nation’s most populous state. But that likely won’t affect the state’s …

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California expected to have $25 billion budget deficit: report

California expected to have $25 billion budget deficit: report

SACRAMENTO, Calif. (AP) — California will likely run a $25 billion budget deficit next year, state officials said Wednesday, ending a streak of historic surpluses and acting as a warning to others States of a possible recession. The deficit will likely lead to painful spending decisions in the nation’s most populous state. But that likely …

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