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Return to Office Enters the Desperation Phase

June 20, 2023 / no comments

The next stage of getting workers back at their desks includes incentives like $10 to the charity of their choice — and consequences like poor performance evaluations if they don’t make the trek in.

China Cuts Borrowing Rates Again in Bid to Juice Recovery

June 20, 2023 / no comments

Economists say that more drastic measures may be needed, with debt and uncertainty continuing to weigh on consumers’ willingness to spend.

Alibaba’s Daniel Zhang Will Leave Top Post, Replaced by Joseph Tsai

June 19, 2023 / no comments

In a shake-up, Joseph Tsai, an Alibaba veteran and executive vice chairman, will take over as chairman. Another Alibaba executive, Eddie Wu, will become C.E.O.

Alibaba Says Chairman and CEO Daniel Zhang Will Be Replaced

June 19, 2023 / no comments

Alibaba is reshuffling its top executives, with current Vice Chairman Joseph Tsai taking over as chairman from Daniel Zhang while the head of its domestic e-commerce unit was named CEO.

Silicon Valley’s Newest Unicorn Is a Mining Company

June 19, 2023 / no comments

Bill Gates and other tech-industry investors are backing AI-powered startup KoBold Metals.

More Online Clothing Sales Come With a Catch: No Returns

June 19, 2023 / no comments

Websites are offering more final-sale deals, leading shoppers to commit before trying anything on.

One-Percenters Keep Shopping at the Dollar Store

June 19, 2023 / no comments

“A carrot is a carrot is a carrot”: Wealthy consumers are scouring dollar-store aisles for bargains.

Stock-Market Rally Costs Bears $120 Billion

June 19, 2023 / no comments

Investors have been ramping up bets against stocks—and they are getting burned. 

Wall Street Sours on America’s Downtowns

June 19, 2023 / no comments

The pessimism from investors who bet on office buildings and mass transit can be seen in market signals that are flashing red.

China’s Central Bank Cuts Loan Prime Rates

June 19, 2023 / no comments

The reduction in the rates, which are used to set corporate loans and home mortgages, signal concern that the country’s post-pandemic rebound is stalling.

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