(Bloomberg) — Didi Global Inc. shares fell for a third consecutive day on Wednesday, hitting fresh lows, as China was said to consider closing a loophole used by firms listing their shares abroad. The ride-hailing company fell 4.6% in New York trading to close at $11.91. The American depositary shares slumped 20% in Tuesday’s session, and now trade 15% lower than the $14 they were sold at in the IPO. Didi’s offering was the second-largest U.S.-listing for a Chinese firm on record. The… Source link
Read More »When Will China Rule the World? Maybe Never
(Bloomberg) — When will China overtake the U.S. to become the world’s biggest economy? Few questions are more consequential, whether it’s for executives wondering where long-term profits will come from, investors weighing the dollar’s status as global reserve currency, or generals strategizing over geopolitical flashpoints. In Beijing, where they’ve just been celebrating the 100th anniversary of the Chinese Communist Party, leaders are doing their best to present the baton-change as… Source link
Read More »Mariners pitcher becomes first player ejected under sticky substances rule
It was only a matter of time until a pitcher failed a spot check in MLB’s new foreign substances crackdown, and that time has come. Seattle Mariners pitcher Hector Santiago was ejected on Sunday afternoon after umpires checked his glove in the fifth inning and presumably found something that shouldn’t have been there. While Santiago’s frowny face reaction is pretty great, the best part of that video is the bagging of the suspicious glove. If they plan on sending that glove to a lab so it… Source link
Read More »Tom Brady isn’t a fan of the new number rule
Tom Brady says one NFL rule change is going to “make for a lot of bad football.” Brady took the new number rule to task on Instagram on Thursday, saying the regulation would cause problems for offensive linemen. Brady’s specific gripe is that players won’t know who to block now that linebackers can wear any number between 1 and 59 and defensive backs can wear any number between 1 and 49. Tom Brady isn’t a fan of the NFL’s new number rule. (Screenshot from @tombrady on Instagram) The rule also… Source link
Read More »Possible new NFL overtime rule?
The Gettysburg Address is 277 words, and finds elemental, eternal truths from the most complex of human endeavors. The NFL’s overtime rules run more than four times as long, 1120 words, and turn the simplest dang thing possible — how to figure out who wins a football game — into a bewildering array of directives and sub-articles so complicated that the IRS nods its approval. Put it this way: when you’ve got different sets of rules for regular season and playoffs — or when you have to… Source link
Read More »What’s stopping the $15 minimum wage? Reconciliation and the ‘Byrd Rule’: Yahoo News Explains
Right now there’s a $1.9 trillion COVID relief package being drafted, and it’s going to be President Biden’s first big legislative push. However, the American Rescue Plan that Biden previewed in January is likely to go through some big changes before it goes to a vote — including the possible removal of an increase in the minimum wage to $15. Yahoo News explains why obscure Senate rules could dictate what ends up in the next round of stimulus. Source link
Read More »What’s stopping the $15 minimum wage? Reconciliation and the ‘Byrd Rule’: Yahoo News Explains
Right now there’s a $1.9 trillion COVID relief package being drafted, and it’s going to be President Biden’s first big legislative push. However, the American Rescue Plan that Biden previewed in January is likely to go through some big changes before it goes to a vote — including the possible removal of an increase in the minimum wage to $15. Yahoo News explains why obscure Senate rules could dictate what ends up in the next round of stimulus. Video Transcript [MUSIC PLAYING] SAM… Source link
Read More »New tax rule could mean bigger tax refunds for some families, but only if they’re savvy
TipRanks 2 “Strong Buy” Cannabis Stocks Showing Monster Growth Investors have been fixated on growth companies over the past year, and one segment which has been on the rise is the fledgling cannabis industry. The sector offers a unique proposition and the prospect of further growth, as there is still a major catalyst on the horizon which will completely alter the industry. As expected, a Democrat led senate has been good news for those banking on marijuana reform at the federal level; And… Source link
Read More »Packers’ intentional penalty could have triggered an unusual rule
At the two-minute warning of Sunday’s NFC Championship Game, the Buccaneers had the lead and the ball, with second-and-1. The Packers made a smart decision: They intentionally jumped offside, figuring it’s easier to stop a team from picking up a first down and running the clock on first-and-10 than on second-and-1. Because it was a smart decision by the Packers, the Buccaneers should have declined the penalty. They didn’t, but if they had, it could have triggered an unusual rule in the… Source link
Read More »Google, Nokia tie-up makes it likelier web firms will rule edge
Telcos have regularly sought out Nokia as a provider of network goodies. In more recent years, they have also looked to Google for its expertise in the cloud and all things related. Now they can buy the entire package in one go after the Finnish equipment maker and the US Internet giant made a joint pitch to operators. The alliance they have struck targets operators building 5G networks with the enterprise customer in mind. Businesses signing up to 5G services will, of course, need a… Source link
Read More »