BlackRock and HSBC funds boosted Evergrande holdings as crisis loomed

Funds managed by BlackRock and HSBC added to their holdings of Evergrande bonds just months before a liquidity crisis at the Chinese property developer pushed it to the brink of default. BlackRock in August bought up five different Evergrande dollar bonds through one of its high-yield funds, which had holdings in the developer then worth […]

The Disco Ball Is How You Know She Won’t Give You a Parking Ticket

SAN FRANCISCO — For years, Jennifer Devine, a human sexuality educator in San Francisco, would rumble onto school grounds on her Harley-Davidson, a grand entrance that broke the ice with the students before her workshops. These days, she arrives with even more fanfare — in a hot pink three-wheeled parking enforcement vehicle with old-school funk […]

U.S. manufacturing picks up in May; raw material, labor shortages abound

WASHINGTON (Reuters) -U.S. manufacturing activity picked up in May as pent-up demand amid a reopening economy boosted orders, but unfinished work piled up because of shortages of raw materials and labor.FILE PHOTO: Autonomous robots assemble an X model SUV at the BMW manufacturing facility in Greer, South Carolina, U.S. November 4, 2019. REUTERS/Charles Mostoller/File PhotoThe […]