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  • Associated Press

    Biden heads West to secure his standing in Nevada and Arizona

    President Joe Biden is embarking on a three-day campaign swing aimed at shoring up his standing in the Sun Belt as part of an aggressive play to re-energize vital parts of his 2020 electoral coalition. Much of Biden’s time on this trip this week, which includes stops in Nevada, Arizona and Texas, will be geared toward courting the Latino voters who helped power his coalition in 2020 and to emphasizing his pro-union, pro-abortion rights message. Biden's first stop Tuesday is in Reno, Nevada, where he will meet with local officials and campaign volunteers in Washoe County before heading to Las Vegas to promote his administration’s housing policies.

  • Reuters

    Wall Street bonuses fell 2% for 2023, New York Comptroller says

    Wall Street's cash bonuses fell 2% to an average $176,500 last year as financial firms took a more cautious approach to compensation, according to an estimate by New York State Comptroller Thomas DiNapoli. "Wall Street's average cash bonuses dipped slightly from last year, with continued market volatility and more people joining the securities workforce," DiNapoli said in a statement.

  • Reuters

    Mainland Chinese surge into Hong Kong property after stamp duties scrapped

    After a pandemic-induced lull spanning more than three years, mainland Chinese are snapping up homes in Hong Kong, accounting for up to a third of new property sales weeks after the city removed all additional stamp duties on foreign buyers. The surge of mainland Chinese buyers into one of the world's most expensive housing markets - reported by several property agents and developers - comes amid battered confidence in the mainland's housing market due to a debt crisis and an uncertain economic outlook. Hong Kong in late February removed all additional stamp duties, including those for purchases of second properties, as well as duties on those selling flats within two years of buying them.