China’s factory activity beats forecasts in May, private survey shows, despite softer official data

Workers make US flags ahead of the 2026 World Cup football tournament, at a factory in Qingdao, in China’s Shandong province on May 28, 2026. – | Afp | Getty Images BEIJING — China’s manufacturing activity expanded faster than expected in May, according to a private survey released Monday, although growth slowed from the previous…

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Berkshire Hathaway makes $6.8 billion housing bet with Taylor Morrison deal

Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026. CNBC Berkshire Hathaway agreed Sunday to acquire homebuilder Taylor Morrison Home in a $6.8 billion deal, deepening the conglomerate’s bet on the U.S. housing market after a prolonged downturn. The Omaha, Nebraska-based company will…

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