Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Photo An investor as an electronic board halted the display of stock market data at a securities brokerage house in Beijing. Credit Rolex Dela Pena/European Pressphoto Agency HONG KONG — The market turmoil in China spread around the world, as global investors grew more anxious about the country’s currency and the health of its economy….
Global markets are facing a crisis and investors need to be very cautious, billionaire George Soros told an economic forum in Sri Lanka on Thursday. China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world, Soros said in Colombo. A return to positive…
Barclays Plc plans to shut most of its cash-equities business in the Asia-Pacific region as Chief Executive Officer Jes Staley pushes to reduce costs, according to people with knowledge of the matter. The near-exit from cash equities is part of plans to eliminate about 50 percent of jobs at the wider equities unit in the…
A Shanghai fund dumped all its holdings as Chinese shares tumbled and triggered a circuit-breaker that halted trading in the world’s second-biggest stock market. “This is insane,” Chen Gang, chief investment officer at Shanghai Heqi Tongyi Asset Management Co., said in an interview on Thursday. “We were forced to liquidate all our holdings this morning,” said…
gallery js end gallery js start of gallery code fullscreen Governor Cuomo announced on Wednesday that he is spearheading a comprehensive overhaul of Penn Station. In conjunction with Amtrak and the MTA, the renovation will seek a private developer to convert the Farley post office building on Eighth Avenue into a grand, sun-soaked waiting area….
Trump raises questions about Cruz’s ‘precarious’ Canadian birth. Source: Trump raises questions about Cruz’s ‘precarious’ Canadian birth
I’ve never been a fan of the “sharing economy”. Not that there’s anything intrinsically wrong with Uber, Airbnb and their peers, it’s just that there doesn’t really seem to be much “sharing” going on. It’s more like adding a technological middleman to a rental market. Now having shaken up the taxi and hotel market, the…
Over the weekend a bunch of militant ranchers and wannabees took over a building at a federal wildlife refuge in southeastern Oregon. The group has threatened violence upon any authority threatening to remove them and are generally making a big show of things. The leader, Ammon Bundy, kin to Nevada rancher and scofflaw Cliven…
Chelsea Clinton is a long-time devotee of the group exercise classes. | Getty Chelsea Clinton to headline fundraiser at SoulCycle in Tribeca By Annie Karni 01/04/16 12:24 PM EST Updated 01/04/16 01:18 PM EST Busy New Yorkers can now donate to Hillary Clinton’s campaign without missing a workout — Chelsea Clinton is set to host…
FRANKFURT — Uber is rapidly expanding its ride-hailing operations across the globe. But here in this city of 690,000 — less than the population of San Francisco, Uber’s hometown — the company recently did something unusual: It retreated. In early November, Uber shut its small office in Frankfurt’s centuries-old city center after just 18 months…