Articles By Moran Zhang

Stockton, Calif.

Stockton Bankruptcy In 2012 Imminent, Says Calif. City Official

Stockton, Calif., will become the largest U.S. city to file for bankruptcy, which could happen as early as Wednesday, after talks with bondholders and labor unions failed.

housing bubble

After Boom Always Comes A Bust -- Norway’s Housing Market Mirrors The U.S. Bubble

It is just amazing how we never learn from other people's mistakes.

Intel

World’s Top 10 Most Respected Companies…And The Award Goes To Apple

Apple Inc. (Nasdaq: AAPL), the largest company on earth by stock-market value, again took the top spot in Barron's annual survey of corporate respect.

BIS

Central Banks Already Hold 30% of Global GDP, Face Limit Of Power: BIS

Central banks are reaching the limit of their ability to boost economic growth and the potential for harmful side effects of more extraordinary monetary easing is growing, the Bank for International Settlements warned.

The euro plunges on Greek worries

All Eyes On EU Summit, Housing and Manufacturing Data: Economic Events For June 25-29

The European Council's June 28-29 meeting will no doubt be the main focus of this week as some hope that new steps can be taken to grapple with the region's debt crisis.

General Mills

Monsanto, Nike, General Mills: 11 Earnings Reports To Watch, June 25-29

Expectations for U.S. company earnings are on a slippery slope down Wall Street as the euro-zone crisis deepens and economic data around the world disappoints. With one week left in the second quarter, it is a good time to measure revisions in earnings estimates for companies in the S&P 500.

Global miner BHP Billiton announced it will be shutting down the Gregory Crinum open-pit coal mine near Emerald, Queensland, where 300 jobs will be affected. Coal mining firm Xstrata Plc, meanwhile, will likewise reduce off 600 jobs, including office-base

King Coal Has Lost Its Crown To Natural Gas (For Good), Despite Further Price Decline Forecast

While coal has powered the 19th-century Industrial Revolution, heated homes and generated electricity, the era of "King Coal" has come to an end.

shrinking slice of pie

Shrinking Share Of Exports To Asia Has Cost US Economy A Fortune, Countless Jobs

Four years ago, for every five shipping containers that Asia sent to the U.S., America sent back only two, resulting in gluts of empty containers at U.S. West Coast ports and a widening trade deficit with countries like China and Japan.

US Manufacturing

Manufacturing Woes Spread From Euro Area To China, And Now They Have Reached The US

Manufacturing has been one of the few bright spots of the otherwise frail U.S. economic recovery, but Markit said weaker overseas demand could be starting to slow hiring in the sector. U.S. manufacturing grew in June at the slowest pace in almost a year and hiring in the sector also slowed.

Cutting Earnings Forecast

Why Companies Are Racing To Cut Earnings Forecasts

Expectations for U.S. company earnings are on a slippery slope down Wall Street. While the downward slide in estimates highlights the caution analysts and companies are expressing, investors should also be aware that companies are setting lower goals so that they can look better or be able to “beat estimates” when the results come out.