Prepare for a crackdown on China’s overheated rental market. President Xi Jinping’s push to develop housing for lease was supposed to take the edge off soaring home prices. It hasn’t worked out that way. Rents instead have rocketed as the government’s call triggered a stampede of investment into the sector, fueling discontent among a millennial population that had already been ...

Bloomberg US stocks jumped as earnings from major banks and health-care firms bolstered confidence in the economy. The dollar fell as geopolitical tensions appeared to ease. The S&P 500 rallied after the index couldn’t make a clean break of the key 200-day moving average. A rebounding tech sector led gains. Strong third-quarter results from Goldman Sachs Group Inc. and Morgan ...

Bloomberg Luxury stocks declined on Tuesday as concerns mounted over a downturn in consumer sentiment in China, extending a sell-off that has seen global luxury companies lose about $160 billion in combined market value this month. The tumble continued after Italian menswear maker Ermenegildo Zegna Group said that Chinese consumers had become more careful in spending in the past few ...