Everything's a Sell in China After $660 Billion Equity Wipeout

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Everything's a Sell in China After $660 Billion Equity Wipeout

Investors got a stark reminder of how fast their bets can turn in China, where the most bullish trades are falling apart. The country's currency was their latest favorite to succumb to a rout that has roiled financial markets around the world this week, losing as much as 1.2 percent on Thursday for the biggest
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Don't Get Too Excited About Twitter's Turnaround

The anticipation of a Twitter rebound means shares have become overheated. The company's enterprise value now stands about nearly 7 times expected revenue in the next year, according to Bloomberg data. That's the richest valuation for Twitter in at least two years. It's a positive sign that investors no
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need2know: 10 macro cues for your day on D-Street

Here's a lowdown on top macro triggers that may move market on Thursday. This report was compiled from agency feeds. RBI Maintains Status Quo on Policy Rate The Reserve Bank of India on Wednesday maintained status quo on the policy rates, but raised …
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Naked passenger forces plane back to Anchorage

ANCHORAGE, Alaska – An Alaska Airlines flight to Seattle was forced to return to Anchorage early Wednesday after a passenger locked himself in the bathroom, took off all his clothes, and refused to follow crew instructions.
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SoftBank in Talks to Buy Stake in Reinsurance Giant Swiss Re

SoftBank Group Corp.'s Chief Executive Officer Masayoshi Son is warming to an industry that's long been a favorite of billionaires looking to diversify their business empires. SoftBank could purchase as much as a third of Swiss Re AG, one of the world's largest reinsurers, according to people familiar
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