Business

China’s soaring number of COVID cases and the escalation of lockdown measures, which sparked rare public protests over the weekend, underscore the risk of an unplanned and chaotic exit from the country’s tough COVID-zero policy, Goldman Sachs predicts. A deadly apartment fire in the Chinese city of Ürümqi has sparked nationwide protests against China’s COVID controls, with videos and reports…

On Oct. 26, days before his crypto exchange FTX collapsed, Sam Bankman-Fried sat down for lunch at an upscale restaurant in Dubai and subtly tested the waters for funding at a table with founders, bankers and financiers, including Anthony Scaramucci. It turned out to be the last hurray before the world became aware of the former billionaire’s troubles. FTX’s implosion,…

The warnings are getting louder: the world is racing towards a desperate copper shortage. Humans are more dependent than ever on a metal we have been using for 10,000 years; new deposits are drying up, and copper has failed to experience the kind of breakthrough technologies that have transformed other commodities. Until now. In what could prove game-changing for global…

Ads featuring the candidates’ ex-wives. Screams of the “liar” flying in both directions. Stories about a run-down apartment building and abortions under pressure. Questioning an opponent’s independence. his intellect. His mental stability. His religious beliefs. The extended Georgia Senate campaign between Democratic incumbent Raphael Warnock and his Republican challenger, soccer legend Herschel Walker, is growing bitter as their Dec. 6…

Whether you’re back in the office — or just tired of wearing the same old tracksuits at home — your workwear collection could probably use a refresh. With fast fashion in mind, here are some sustainable apparel and accessory brands with quality products and quality production methods to consider for investment pieces that will last more than a few seasons.…

Nouriel Roubini is not a fan of cryptocurrency exchanges. And he’s absolutely unfazed by the “proof of reserve” idea that Binance and other crypto players are touting in the wake of FTX’s epic collapse. On Friday morning, Binance announced the release of its Proof-of-Reserve system, starting with Bitcoin. It wrote on its website: “Following our recent announcement outlining our commitment…

Elon Musk is dejected as Ron DeSantis becomes the next US President. And the two have similar thoughts on the “woke agenda.” The moody billionaire tweeted his support for the Florida governor on Friday night. reply with “Yes,” when a Twitter user asked if he would support a DeSantis run for the White House. “I prefer someone sane and centrist…

High inflation and recession fears didn’t dampen Black Friday online sales, which hit a new record of $9.1 billion on Friday, up 2.3% from a year ago. But consumers, already spending more on fuel, groceries and other essentials, have embraced more flexible ways to shop online, according to data released Saturday by Adobe Analytics, which tracks retailers’ website sales. For…

When he first heard of President Joe Biden’s plan to forgive millions of federal borrowers on student loan debt, Travis Rapoza was cautiously optimistic. As a Pell Grant recipient, Rapoza qualifies for a $20,000 loan forgiveness under the plan Biden unveiled in August. Combined with the money he’s saved while living with his parents for the past four years, he’d…

When a dark-haired man piles a pile of chocolate chips and coconut flakes onto your Chocolicious fro-yo at 16 Handles in Times Square, he might just be the CEO of the entire chain. His name is Neil Hershman, the newly appointed 27-year-old CEO of 16 Handles. And rolling up his sleeves to take the weekend shift at the brand’s flagship…