China’s Wanda steps back from theme park, hotel drive with $9.3 billion Sunac deal

Dalian Wanda Group said it would sell Chinese tourism projects and hotels to Sunac China for $9.3 billion, marking a step back for the property giant from its theme park ambitions. The sale — the second-biggest real estate deal ever in China according to Reuters...

Traditional grocers should be ‘very worried’ about Amazon Prime Day deals

Amazon’s third, annual Prime Day is next week, and shoppers are routinely buzzing about when and where to find the best deals. But this year is different. With the Amazon-Whole Foods deal at the top of everyone’s mind, the Seattle-based e-retailer this...

As elites switch to texting, watchdogs are fearing loss of transparency

In a bygone analog era, lawmakers and corporate chiefs traveled great distances to swap secrets, to the smoke-filled back rooms of the World Economic Forum in Davos, Switzerland, or the watering holes at the annual Allen & Company conference in Sun Valley, Idaho....

This is the reason oil could jump up to $120 a barrel

Dwane said geopolitical risks could cause prices to skyrocket as several oil producing states are fragile, and oil prices are currently too low for anyone to want to drill fresh wells which may be needed in the future. Herman Wang, OPEC specialist at S&P Global...

‘Making Money’ host Charles Payne suspended from Fox Business Network

“Making Money” host Charles Payne was suspended from Fox Business Network, a company spokeswoman said on Thursday. The spokeswoman said Payne had been “suspended pending further investigation” and rotating sub-hosts would fill in on the...

Global food prices around two-year high in June as meat, dairy and wheat climb

International food prices soared to around two-year highs during June, fueled by higher prices for wheat, meats and dairy products such as butter. In fact, global meat prices have risen every month so far this year, and the gains have outpaced most other major food...