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China moves to revive stricken property sector
Also in this newsletter: main UK political parties ramp up campaigning, US-built pier in Gaza opens for aid, science round-upFinancial Times - World - China -
Back at Under Armour, Founder Kevin Plank Hopes Tough Love Revives Winning Ways
The sports apparel dynamo's sales have come up lame, and its newly returned CEO is pushing a major restructuring in his quest to recapture past glories.Inc. - Business -
China Is Finally Getting Serious About a Housing Rescue
Beijing has announced a plan to clear the backlog of unsold homes, but questions remain over the scale and financing of the program.The Wall Street Journal - World - China -
China Consumption and Investment Slow Unexpectedly
China’s consumption and investment slowed in April, while industrial output beat expectations as Beijing doubled down on its manufacturing drive to spur growth.The Wall Street Journal - World - China -
RedBird Banks $4.7 Billion for Dealmaking
The sports, media and financial services investor collects fresh capital amid a flurry of high-profile deals.The Wall Street Journal - World -
Investing in Space: Boeing inches closer to Starliner launch
Boeing's Starliner spacecraft is finally at the pad and on the eve of carrying astronauts. It's a debut that is imminent, yet feels bizarrely inconsequential.CNBC - Business -
Thames Water’s biggest shareholder writes off investment
Move by Canadian pension fund is sign of escalating financial crisis at UK’s largest water supplierFinancial Times - Business -
Advisers worry as social media investment scams surge
Trusted figures often used to persuade people to put money into fraudulent schemesFinancial Times - World -
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The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market's plumbing that roiled investors during the original meme-stock craze in 2021.
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market’s plumbing that roiled investors during the original meme-stock craze in 2021.The Wall Street Journal - World -
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Snowflake invests in Metaplane to solve data quality issues plaguing AI development
The investment in Metaplane will enable Snowflake customers to closely monitor the quality of their data assets moving through different stages of the pipeline to power downstream applications.VentureBeat - Tech -
These tips for investing in mutual funds and ETFs shine a light on your money
Leadership changes at Vanguard, a big investor favors a gold ETF, and selling stocks to buy index funds.MarketWatch - Business -
China consumption slows as retail sales and investment data disappoint
China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.CNBC - Business - China -
Honda Motor Plans to Invest Over $60 Billion on EV Strategy
The Japanese automaker plans to invest on its electric-vehicle strategy through 2030 as part of efforts to boost sales and production in the coming years.The Wall Street Journal - Business -
What the Chelsea Flower Show can teach you about investing
‘In my father’s view a portfolio should be like a garden — a real garden, not a show garden’Financial Times - World -
Arab League Calls for U.N. Peacekeepers in Gaza and the West Bank
Any use of U.N. forces would have to be approved by the Security Council. “There first has to be peace to keep," said a U.N. spokesman.The New York Times - World