AsiaChina’s bursting housing bubble summed up in a viral video, as official tells citizens to ‘Buy one property, then a second. Bought a second? Buy a third, and fourth’
The official’s comments come as China grapples with a deepening property crisis that’s seeing developers unable to finish housing projects—and hundreds of thousands of homeowners unwilling to pay their mortgages.
August 17, 2022
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- CEO DailyThe Business Roundtable told corporations to look beyond profits for shareholders 3 years ago. Did it make business better?
- Data SheetThe CHIPS-Plus Act could flop for many reasons. A recent dip in chip demand isn’t one of them
- CHRO DailyIndeed survey finds ‘higher ups’ are responsible for employees’ happiness
- BroadsheetLiz Cheney loses her seat in Congress, but cements her place in history as the Republican who took on Trump
- Term SheetInside Daily Harvest’s alleged food poisoning debacle
- CFO DailyAMC Networks CFO Christina Spade took on the role of COO and was promoted to CEO—all in less than two years
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August 4, 2022
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Advice for investing in a bear market in 2022, and what history tells us about when the downturn will end.
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Topics
Asia
China’s bursting housing bubble summed up in a viral video, as official tells citizens to ‘Buy one property, then a second. Bought a second? Buy a third, and fourth’
China’s Big Tech built some of the world’s most powerful algorithms. Beijing just exposed some closely-guarded details online
China’s biggest Wall Street bull just liquidated his Alibaba stake amid fire sale of five Chinese stocks
Environment
The world could be ‘sleepwalking’ into a ‘nuclear war,’ WHO chief warns regarding Russian-occupied Ukrainian power plant
Climate change is forcing real estate developers to retrofit buildings for energy efficiency. How one company with 485 properties is tackling the challenge
Biden signs Inflation Reduction Act into law, calling it the ‘final piece’ of his domestic agenda
Europe
The world could be ‘sleepwalking’ into a ‘nuclear war,’ WHO chief warns regarding Russian-occupied Ukrainian power plant
With Manchester United fans in uproar (again) over American owners, Glazer family has held early talks about selling minority stake, sources say
Elon Musk reveals the one sports team he’d like to buy: Fallen English soccer giants with an American owner despised by fans
Finance
CEO who cut his $1 million salary to ensure his 100-plus workers earned at least $70,000 has resigned to fight accusations
Ryan Cohen reveals plans to sell Bed Bath & Beyond shares, leaving meme stock traders behind
Top economist Jeffrey Sachs predicts inflation will stay high and the Fed will keep raising rates. The Fed seems to agree
Health
A COVID diagnosis could increase the risk of ‘brain fog,’ dementia, and other cognitive disorders for as long as 2 years, new Oxford study says
The Business Roundtable told corporations to look beyond profits for shareholders 3 years ago. Did it make business better?
The head of the CDC says the agency should be reorganized, and that its COVID response ‘did not meet expectations’
Leadership
The Business Roundtable told corporations to look beyond profits for shareholders 3 years ago. Did it make business better?
Activision Blizzard accused of trying to stop workers communicating about pay and working conditions
Indeed’s CEO mines data to determine what job candidates want from the workplace
The Ledger
The “Crypto Bowl” feels like a distinct memory as firms slash ad budgets, big players spent just $36K on TV in July
Fractional raises $20 million to simplify joint NFT ownership, rebrands as Tessera
Zoo auctions orangutan art as NFTs, $550 starting bid for first-of-its-kind conversation effort
Lifestyle
The singles tax is evolving in the age of inflation, and it means your married friends are probably 9x richer than you
American Airlines bets on faster-than-sound jet travel—but it won’t be ready until 2029
Elon Musk reveals the one sports team he’d like to buy: Fallen English soccer giants with an American owner despised by fans
Personal Finance
Top economist Jeffrey Sachs predicts inflation will stay high and the Fed will keep raising rates. The Fed seems to agree
Older Americans owe $47,000 in student debt—nearly twice as much as new grads. It’s jeopardizing their retirement plans
The singles tax is evolving in the age of inflation, and it means your married friends are probably 9x richer than you
Politics
John Fetterman raised half a million dollars dunking on Dr. Oz’s inflation ‘crudité’ video in Pennsylvania Senate race
TikTok is cracking down on misinformation and paid political content ahead of the U.S. midterm elections
Planned Parenthood is spending $50 million—the most ever—on midterm elections
Retail
America is falling in love with drive-thru food again as pandemic habits prove sticky. Even Sweetgreen and Shake Shack are getting in on the act
Girl Scouts roll out a new cookie for 2023, but you can only buy it online
Jeff Bezos and Andy Jassy feel singled out by the ‘egregious’ handling of Lina Khan’s FTC probe into Amazon Prime
Success
Office workers of the U.S., get ready to commute Tuesday through Thursday again
The singles tax is evolving in the age of inflation, and it means your married friends are probably 9x richer than you
‘I was paid so much less’: Jurassic World’s Bryce Dallas Howard says she earned a fraction of what costar Chris Pratt did
