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A picture taken on September 29

China’s Evergrande files for bankruptcy

CNN By Samantha Delouya, CNN (CNN) — China’s Evergrande Group — once the country’s second-largest property developer — filed for bankruptcy in New York on Thursday. The beleaguered firm borrowed heavily and defaulted on its debt in 2021, sparking a massive property crisis in China’s economy, which continues to feel the effects. Evergrande filed for

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Maui’s economy was recovering from the pandemic. Wildfires are dealing a shattering blow

By Nathaniel Meyersohn and Ellie Stevens, CNN New York (CNN) — The catastrophic wildfires in Maui have destroyed homes, churches, businesses and key cultural sites on Hawaii’s second-largest island. At least 36 people have died. The fires also threaten to derail Maui’s economy, just as it was rebounding from the pandemic. Maui’s economy depends heavily

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Meat drove grocery prices up in July

By Danielle Wiener-Bronner, CNN New York (CNN) — Grocery prices ticked up 0.3% in July, after staying flat in June, driven largely by rising beef prices. From June to July, adjusted for seasonal swings, the price of uncooked beef roasts spiked 6.5%, according to data released by the Bureau of Labor Statistics Thursday. Uncooked beef

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