Bloomberg Business

Chinese Province Eases Residency Rules to Promote Equality

China’s eastern province of Zhejiang will remove restrictions on household registrations in most areas except for the capital city of Hangzhou in a move to foster income equality and spur economic growth.

Meta Faces Weight Cut in Nasdaq 100’s Special Rebalance

When a “special rebalance” of the Nasdaq 100 Index was touched off to curb the dominance of the biggest technology stocks, Meta Platforms Inc. was the only megacap to fall below a crucial threshold for downsizing. Now it seems the social media giant will be pared back anyway.

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