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Building dense, mixed-use and largely car-free neighborhoods cuts carbon — and the benefits don’t stop there.
The late Nobel Prize-winning economist Paul Samuelson once quipped that Wall Street had predicted nine out of the last five recessions. This time, the stock market may be right.
China’s move to slash a key interest rate by a record amount is improving the outlook for the nation’s assets as it raises hope that real support for the economy is starting catch up with policymakers’ rhetoric.
Chinese banks cut a key interest rate for long-term loans by a record amount, a move that would reduce mortgage costs and may boost weak loan demand amid a property slump and Covid lockdowns.
New Zealand will narrowly avoid recession next year as rising interest rates and falling house prices hit demand, according to the Treasury Department.
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