China sells the most US assets in 4 years, dumping $21 billion of US stock and Treasury bonds

Tech Insider
Hong Kong skyline
The Hong Kong skyline is photographed on July 13, 2021.

REUTERS/Tyrone Siu

Elon Musk warned of Cybertruck headaches, consumers' debt woes, and a 'stormy' economic backdrop on Tesla's earnings call. Here are his 14 best quotes.

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Elon Musk
Elon Musk is CEO of Tesla.

Brendan Smialowski/AFP/Getty Images

Default risks loom for nearly $2 trillion of junk-rated debt as US companies hit with higher interest rates

Tech Insider
Moody's logo on the side of a building
Moody's logo

EMMANUEL DUNAND / Staff / Getty Images

It’s official: The era of China’s global dominance is over

Tech Insider : Economy, Politics
Xi Jinping portrait cracking with yellow background
China has reached the end of its economic boom. What comes next should worry every American business — and the rest of the world.

Tyler Le/Insider

We've reached the end of an era for the Chinese economy.

China is boosting efforts spread the yuan as it sells a record $7.5 billion in offshore bonds this year

Tech Insider
china xi jinping
Chinese President Xi Jinping speaks to Gabon's President Ali Bongo Ondimba (not pictured) during a meeting in the Great Hall of the People in Beijing, China December 7, 2016.

Reuters/Fred Dufour

US credit downgrade means junk sovereign bonds now outweigh AAA debt for the first time, Fitch says

Tech Insider
US Capitol building
Caution tape blows in the wind on the east front plaza of the U.S. Capitol Building on September 27, 2023 in Washington, DC. House Speaker Kevin McCarthy (R-CA) continues to have difficulty finding a legislative path that would prevent the federal government from partially shutting down at midnight on September 30 and would also not jeopardize his speakership.

Anna Moneymaker/Getty Images

China's property crisis just keeps getting worse — property giant Country Garden just warned it may default on its debt

Tech Insider : Economy
A residential area of Country Garden in Nanjing, Jiangsu province, China.
Country Garden is among China's largest real-estate developers.

CFOTO/Future Publishing/Getty Images

Evergrande shares jumped 42% within 15 minutes of resuming trade amid investigation woes

Tech Insider
Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 28, 2023. On August 28, 2023.
An aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, on Aug 28, 2023.

Costfoto/NurPhoto/Getty Images

The Fed's war on inflation is hitting the profits of S&P 500 firms, Goldman Sachs says

Tech Insider
Confused, worried trader
Borrowing costs for S&P 500 firms have jumped around 40 basis-points year-per-year in 2023, Goldman data shows.

Reuters/Brendan McDermid

Trading in China Evergrande shares suspended again just a month after they returned from a 17-month hiatus

Tech Insider
Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 28, 2023. On August 28, 2023.
Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 28, 2023. On August 28, 2023.

Costfoto/NurPhoto/Getty Images

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