What's next for Evergrande: Bailout, breakup or default?
CNN
The fate of ailing Chinese developer Evergrande remains up in the air after a deadline came and went Thursday without an update from the company on whether it plans to pay nearly $84 million interest owed to bondholders.
Investors may have to wait a while longer to find out whether Evergrande will default on its enormous debts — it now has a grace period of up to 30 days on the first bond payment. A second payment of $47.5 million on another bond is due next week.
Millions of Americans have taken to the skies, hit the road, fired up the barbecue grill and jumped into the pool this weekend to celebrate the start of summer 2024. Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities.