China’s economy expands by a surprisingly strong pace in the first quarter of 2024

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. China’s economy grew stronger than expected at the start of this year, mainly thanks to robust growth in high-tech manufacturing. Gross domestic product grew by 5.3% in the … Read more

Xiaomi’s Success Means More Trouble for Battered China EV Stocks

(Bloomberg) — Xiaomi Corp.’s roaring entry into the electric vehicle market is dimming the recovery outlook for China’s beaten down auto startups. Most Read from Bloomberg Hype around the launch and better-than-expected initial orders for the SU7 have helped a rally in Xiaomi shares gain momentum. Investors have meanwhile ramped up bets on further declines … Read more

Flores delivers Giants comeback win with clutch readiness vs. Marlins

Flores delivers Giants comeback win with clutch readiness vs. Marlins originally appeared on NBC Sports Bay Area When the world needed him most, Wilmer Flores delivered. The pinch-hitting Flores gave San Francisco the game-winning base hit it needed on Monday at LoanDepot Park in Miami, entirely erasing the Giants’ 3-0 deficit to the Marlins and … Read more

Chinese city Zhengzhou tells state-owned company to buy second-hand homes to reduce new housing inventories

BEIJING (Reuters) – China’s central city of Zhengzhou has asked residents to sell their second-hand homes to a local state-owned company and buy new ones instead, in a bid to reduce new-home inventories and boost the local property sector. Local state state-owned company Zhengzhou Urban Development Group Co. will buy 500 second-hand homes from April … Read more

Democrats seek to seize control of deadlocked Michigan House in special elections

LANSING, Mich. (AP) — Democratic lawmakers are hoping to win back a majority in the deadlocked Michigan House and regain control of the state government in two special elections on Tuesday. Democrat Mai Xiong is taking on Republican Ronald Singer in District 13, while Peter Herzberg, a Democrat, faces Republican Josh Powell in District 25. … Read more

BlackRock’s President Sees Markets Primed for a Comeback

(Bloomberg) — BlackRock Inc.’s co-founder sees markets primed for a comeback. Most Read from Bloomberg There’s almost $9 trillion right now sitting in money market funds, and the same amount sitting in cash alternatives at banks, Robert Kapito, president of the world’s largest asset manager, said at the Asia Pacific Financial and Innovation Symposium in … Read more