Tencent Loses Crown in World’s Biggest Stock Wipeout

Tencent Loses Crown in World’s Biggest Stock Wipeout

“There are no positive catalysts for Tencent in the second half, since its earnings will continue to be under pressure from the weak macro environment,” said Kenny Wen, head of investment research at KGI Asia Ltd. “And even when that improves in China, we are in an era of monetary tightening, so it will be … Read more

China’s Race to Avoid a Wall Street Ban Is Off to a Tense Start

China’s Race to Avoid a Wall Street Ban Is Off to a Tense Start

The latest high-stakes drama between the world’s biggest superpowers is unfolding in the unlikeliest of places: a Hong Kong office tower full of accountants. .

Wall Street ends lower, Dow confirms bear market

Wall Street ends lower, Dow confirms bear market

Register now for FREE unlimited access to Reuters.com Register Fed rate hikes have investors ‘throwing in the towel’ Casinos jump as Macau allows tour groups after nearly 3 years Indexes: Dow -1.11%, S&P 500 -1.03%, Nasdaq -0.60% Sept 26 (Reuters) – Wall Street slid deeper into a bear market on Monday, with the S&P 500 … Read more

NASA Delays Artemis I Moon Launch Again on Tropical Storm Risk

NASA Delays Artemis I Moon Launch Again on Tropical Storm Risk

During the test, two hydrogen leaks emerged as engineers fueled the SLS rocket, as well as other technical issues. While one of the leaks eventually abated after some troubleshooting, the second leak that cropped up later in the test would have prevented a launch if NASA had hoped to fly that day. .

This Is What Life’s Like in the World’s Strictest Covid Zero City

This Is What Life’s Like in the World’s Strictest Covid Zero City

Seven times since last March, Ruili—on China’s Myanmar border—has felt the full force of Xi Jinping’s Covid Zero policy. .

In Dozens of Lawsuits Parents Blame Meta, TikTok for Hooking Kids

In Dozens of Lawsuits Parents Blame Meta, TikTok for Hooking Kids

(Bloomberg Businessweek) — A 16-year-old girl in Utah becomes so obsessed with her body image after getting hooked on Instagram that she develops anorexia and bulimia. A boy from Michigan goes from watching YouTube videos for several hours a day at age 9 to binging all night on TikTok and Snapchat, then ends up sharing … Read more

Controversial US Visa Draws Rich From China to India After Reset

Controversial US Visa Draws Rich From China to India After Reset

(Bloomberg) — A US visa program that attracted $37 billion in foreign investments since 2008 for projects including New York’s Hudson Yards and Trump Bay Street in Jersey City is making a comeback — and the queue of wealthy applicants from China to India is growing. The revived EB-5 program is poised to fund undertakings … Read more

College Dropout Turns Thiel Fellowship Into a $2 Billion Figma Fortune

College Dropout Turns Thiel Fellowship Into a  Billion Figma Fortune

One area where he diverged from the fellowship was in crypto: He wasn’t into it at first, he has said. Field eventually came around. Last year, he sold a non-fungible token for 4,200 Ether, or $7.5 million, which at the time was a record price. His wife, Elena Nadolinski, is a founder and CEO of … Read more