Global Stock Gauge Nears Oversold Zone as Selloff Deepens

(Bloomberg) — A global equities benchmark has fallen precipitously close to oversold territory following a selloff in risk assets this month. Most Read from Bloomberg The MSCI All Country World Index’s 14-day relative strength index dropped below 33 on Tuesday to levels last seen in October. A reading of 30 or below indicates a possible … Read more

World Atlas names 9 of New York’s best small towns to retire in. See what they offer

Are you thinking about retiring and don’t want to leave New York state? WorldAtlas, a website focused on geography and related topics, recently unveiled their list of the nine best small towns to retire to in New York. A new survey by the National Institute on Retirement Security reveals that 79% of Americans believe that affording retirement … 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

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