JD.com’s billionaire founder settles rape lawsuit two days before planned US trial

Editor’s note: A version of this story appears in CNN’s news bulletin Meanwhile in China, a tri-weekly update exploring what you need to know about the country’s rise and its impact on the world. Register here. CNN — A Chinese billionaire and a former University of Minnesota student who accused him of rape have reached … Read more

America gained 2.5 million new millionaires last year, according to Credit Suisse report

hong kong CNN Business — The number of wealthy people around the world grew at a rapid pace last year, boosted by gains in the stock market and house prices. As many as 5.2 million people became millionaires last year, nearly half of them in the United States alone, according to Credit Suisse’s latest annual … Read more

Emmys 2022: Snubs and surprises confirm the problem with TV in 2022

It’s probably the most common refrain you’ll hear about TV in 2022 and the problem is glaringly obvious in even the most elite circles. The Emmys are the US’s premiere awards for the art of TV storytelling. It’s supposed to reflect the very best of (mostly) American TV in the 12 months to the end … Read more

America Wasted Its Chance to Push the Economy Forward

We blew. It’s the feeling of unease I have as borrowing costs rise, housing starts fall, and politicians rush to subsidize fossil fuel consumption. Americans have had more than a decade in which interest rates were low and millions of workers were unemployed or underemployed. We could have made investments that would have benefited us … Read more

What Old Money Looks like in America, and Who Pays for It

There is a term that has fallen into disuse and was once used to describe the inconsequential decadence that afflicts America’s most unruly heirs: “Wasp rot.” Two decades ago it was used to describe wayward son George W. Bush, before he failed spectacularly in the Oval Office. It’s also an apt description of the scene … Read more