Author: News Room

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Chinese regulators have accused Evergrande and its founder of inflating revenues by $78 billion, putting the insolvent property developer at the heart of the country’s biggest ever financial fraud case. The China Securities Regulatory Commission (CSRC) slapped a penalty of 4.175 billion yuan ($580 million) on Hengda Real Estate, the group’s main Chinese unit, the company said in filings to the Shenzhen Stock Exchange on Monday. Xu Jiayin, founder and chairman of the Evergrande Group,…

US Housing Starts and Building Permits from February beat expectations. All eyes are now on the Fed’s updated Dot Plot on Wednesday, an interest rate pause is already priced in. US Treasuries are edging downward but remain at multi-week highs. The US Dollar Index (DXY) is fluctuating around 104.00, registering gains ahead of the impending Federal Open Market Committee (FOMC) meeting on Wednesday. This marks the highest level since March 1. Markets await fresh guidance, and if the Federal Reserve’s (Fed) updated Dot Plot or Chair Jerome Powell provides any dovish signals, the USD may resume its downside action. In…

“Show me the money.” The notorious phrase from 1996’s “Jerry Maguire” movie is on the lips of investors watching the state of the Bitcoin mining market as it faces its next crunch point: April’s Bitcoin Halving. Mining, an integral part of securing the bitcoin network, requires a lot of capital to operate profitably. And now, after a brutal crypto winter and with the upcoming halving next month, many investors have turned sour on what once was an outrageously profitable business, drying up capital for the miners. This feature is part of CoinDesk’s “Future of Bitcoin” package published to coincide with…

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Polish President Andrzej Duda said Monday that NATO must urgently increase its defense spending to ensure it does not become the next target of a Russian attack.Speaking to CNBC, Duda reiterated his calls for NATO members to increase their military contributions to 3% amid new reports that Moscow could be readying to target the military alliance within two to three years.Citing unspecified German research, Duda said new evidence suggested that Russian President Vladimir Putin is doubling down on his shift toward a war economy with a view to attacking NATO in 2026 or 2027. It follows Danish intelligence reports from…

The Supreme Court on Tuesday cleared the way for Texas to immediately begin enforcing a controversial immigration law that allows state officials to arrest and detain people they suspect of entering the country illegally. The court’s three liberals dissented. Legal challenges to the law are ongoing at a federal appeals court. This story is breaking and will be updated.

Natural Selection Tour, Travis Rice’s all-mountain freeride snowboard competition, has become renowned for its video-game-like footage of elite snowboarders riding some of the planet’s wildest terrain. From Valdez, Alaska, to British Columbia’s Selkirk Tangiers heli skiing tenure, Natural Selection Tour (NST), now in its fourth year, offers viewers a veritable eyeball feast of helicopter-access-only zones that many will never see for themselves. (More about how it’s possible to stream an event of this nature from deep in the backcountry here.) In its first two years of existence, NST’s first stage happened on naturally enhanced inbound terrain at Jackson Hole Mountain…

The housing market appears to be starting to loosen.IP Galanternik DU/Getty Images Housing starts jumped in February more than expected and by the most in nine months. Building permits also jumped, climbing at the fastest rate since August.  Single-family construction and multi-family construction also rebounded from January. Housing market activity has been muted over the last several years due to high mortgage rates and home prices, as well as limited inventory. Yet the latest batch of economic data suggests the landscape may be starting to shift and more housing options are becoming available for buyers.  In February, housing starts climbed 10.7% month-over-month…

On March 6, Rep. Marjorie Taylor Greene lit into her own party in searing terms as she voted against a package of bills to fund broad swaths of the federal government.”Republicans have no excuse for having brought this minibus forward,” the Georgia Republican said in a statement that day.Greene listed a litany of grievances, including the fact the package’s six bills weren’t receiving their own votes, the level of government spending, and the fact that it funds the Department of Justice. But that doesn’t mean there weren’t things for Greene to celebrate in the bill. And within a week, she…

By Francesco Canepa and John O’Donnell FRANKFURT (Reuters) – European Central Bank policymaker Martins Kazaks said on Tuesday he was “comfortable” with investor bets on three interest rate cuts by the central bank by the end of the year. Many ECB policymakers have expressed support for a first reduction in borrowing costs from their current record highs, most likely in June, with the debate now focused on how many more cuts would follow. Money markets are pencilling in three cuts by December with some chance of a fourth, which would lower the 4% rate the ECB pays on bank deposits…