Evergrande founder Hui Ka Yan, once Asia’s richest man, sentenced to life in prison after property giant’s collapse

The founder of China Evergrande Group, the world’s most-indebted property developer, was sentenced to life in prison by a Chinese court on Thursday, five years after the firm’s collapse shook the nation’s economy and financial markets. Hui Ka Yan, once Asia’s richest man, pleaded guilty in April to eight charges, including misuse of funds, fundraising fraud, illegally taking public deposits, illegally extending loans, fraudulently issuing securities and bribery. Evergrande, once China’s premier developer, has defaulted on most of its $300 billion in liabilities, its troubles symbolizing a crisis in the property sector that has long dragged on the world’s second-biggest economy. ‘What about our money?’ The sentence…

In-N-Out plans new SoCal location with ‘Double-Double’ drive-thru lanes

In-N-Out Burger is plotting another expansion in Southern California, but don’t line up just yet. The beloved fast-food giant submitted plans to construct a brand new restaurant on the southwest corner of Riverside Drive and Archibald Avenue in Ontario, according to city records. Filed in April, the proposal would involve…

Gavin Newsom’s tax scheme could kill Hollywood jobs, lawmakers warn

California Gov. Gavin Newsom pushed in his final state budget a cap on business tax breaks in an effort to save money — but the film industry and some lawmakers are calling it a colossal screwup that would inadvertently kill jobs in the state’s struggling film industry. Around three dozen…

US launches more strikes on Iran in lead-up to 4 p.m. blockade

The US launched more strikes against Iran in the lead-up to its pending blockade of all Iranian ports at 4 p.m. ET Tuesday — that could send Iran’s struggling economy back into a tailspin. The military effort to “continue degrading Iranian capabilities used to attack commercial shipping” began at 3…

Trump rages about Spencer Pratt losing Los Angeles mayoral election

President Trump continued to raise red flags about Spencer Pratt’s election results in his baid for Los Angeles mayor — saying something has to be done about the “crooked” elections in our country. While speaking to Newsmax’s Greg Kelly about election integrity ahead of his planned Speech to the Nation…

Rite Aid names 6 more New Hampshire stores for closure as it winds down operations

Rite Aid has identified six more New Hampshire stores for closure as the bankrupt pharmacy chain continues to wind down its retail footprint nationwide. The latest round of closures includes stores in Hillsborough, Jaffrey, Littleton, Meredith, Newport and Winchester, according to federal bankruptcy court filings cited by the New Hampshire…

Warren Buffett halts Gates Foundation donations after Jeffrey Epstein ties revealed

Warren Buffett has stopped donating money to the Gates Foundation, ending a two-decade philanthropic partnership following revelations about interactions between the Microsoft co-founder and philanthropist Bill Gates and the late sex offender Jeffrey Epstein. Buffett said on Tuesday he is donating about $6 billion of Berkshire Hathaway, comprising 12 million Class B shares, in…

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