The real estate sector has to shrink in order to be stable, says Prof

China’s real estate sector needs to become “much smaller” in order to keep the overall economy healthy and stable, said a top expert on the Chinese housing market. “We have too great a risk in the industry. We have built too many apartments, so stabilization has to come first” [from] trim the sector, “Li Gan, … Read more

China’s central bank says Evergrande is unique and most real estate developers are stable

An exterior view of the China Evergrande Center in Hong Kong, east China, March 26, 2018. Bobby Yip | Reuters BEIJING – The People’s Bank of China said Friday that indebted property developer China Evergrande was a separate case and that most real estate companies in the country are stable. Real estate giant Evergrande has … Read more

Why China Could Beat Tesla On Its Own EV Game Soon – Bloomberg Quicktake

Why China Could Beat Tesla in Their Own EV Game SoonBloomberg quick start Tesla China’s new king: Model Y overtakes Model 3 in SeptemberTeslarati China’s NEV sales continue to Tesla introduces its new crash safety technology, which is based on collecting data from the real worldElectrek The founder of the Lunchbox Museum by Columbus … Read more

Rivian announces a $ 1 billion loss on initial public offering

photo: Philipp Faraone (Getty Images) Rivian, an electric vehicle maker promising to bring us an all-electric truck, has just released its first IPO documents, and it’s pretty blatant: the company lost $ 1 billion in the first half of this year. Automotive news reported. Here is a little more from the article: The Irvine, California-based … Read more

Why Tesla Solar didn’t work as Elon Musk promised – CNBC

Why Tesla Solar didn’t work as Elon Musk promisedCNBC Elon Musk opens Biden, says president is “union controlled”salon EXCLUSIVE: Does Elon Musk’s horoscope point to a successful year 2022?Benzinga Elon Musk still has a lot to say about crypto, Mars, psychedelics, and life in a simulationBarrons Bring the fist bumps and nasal swabs – tech … Read more

Uber Says Well On The Way To Maybe Turn A Profit (If You Squint)

Traders working on the floor of the New York Stock Exchange ahead of Uber’s IPO in New York City on May 10, Spencer Platt (Getty Images) Uber says it is ready to hit or break even an operating result for the first time ever ahead of schedule – you know, on paper, as long … Read more

WATCH LIVE: Gary Gensler on the cryptocurrency landscape and the growth of digital trading platforms – Washington Post Live

WATCH LIVE: Gary Gensler on the cryptocurrency landscape and the growth of digital trading platforms  Washington Post Live Talk of the SEC subpoena swirls at the New York crypto event as regulatory scrutiny mounts  The block crypto SEC should step up crypto crackdown, investor lawyers say  Bloomberg Crypto markets need more control from the SEC, investor groups say  CoinDesk … Read more

Former employer of Memestock King fined $ 4 million

A GameStop store in Alhambra, California in January Frederic J. Brown / AFP (Getty Images) The former employer of RoaringKitty, the online retailer who helped trigger a Reddit-fueled short squeeze on hedge fund betting Gamestop share, has agreed to pay a $ 4 million fine. Keith Gill, who visited RoaringKitty on YouTube and DeepFuckingValue … Read more