Monthly Archives: October 2022

Inside Manhattan’s most expensive office building, which boasts swanky showers, March Madness parties, and views for 40 miles

One Vanderbilt. Andre Poulin/Shutterstock One Vanderbilt is a 2-year-old skyscraper and the second-tallest office building in New York City.  Now it’s also the priciest: A 72nd-floor office is listed for $312 a foot, or $3.3 million a year. See the hotel-like features that employees who work in the building, which is 99% leased up, enjoy….

Investors dump Chinese bonds for an 8th consecutive month – the longest slump on record

Chinese President Xi Jinping. Diego Opatowski/Getty Images Traders shed China’s onshore bonds for the eighth consecutive month, marking the longest slump on record, according to Bloomberg.  Global investors dumped 70.7 billion yuan, or about $9.7 billion, worth of Chinese bonds, per the report.  The yuan recently dropped to its weakest mark since 2008, which has…

Someone broke into Nancy Pelosi’s San Francisco home and ‘violently assaulted’ her husband, the House speaker’s office said

House Speaker Nancy Pelosi and her husband Paul Pelosi, attend a Holy Mass led by Pope Francis in St. Peter’s Basilica in June. Stefano Costantino/SOPA Images/LightRocket via Getty Images Someone broke into Nancy Pelosi’s San Francisco home early Friday morning, her office said. Pelosi was not home at the time, and her husband was “violently…

Chinese military scientists simulated a nuclear blast in space to knock out satellite networks like Starlink

An illustration of SpaceX’s Starlink network of satellites. Getty Images Chinese scientists conducted a computer experiment of a nuclear blast in space. The test suggests a detonation in near-space could disable satellite networks like Elon Musk’s Starlink. A nuclear blast in near space could create a radioactive cloud over an area as big as New…

The Chinese yuan has passed the Australian, Canadian and Swiss currencies to become the world’s 5th most traded

Getty Images China’s yuan is now the world’s fifth most traded currency, according to the Bank for International Settlements. The yuan leapt past the Australian, Canadian and Swiss currencies in the BIS’ latest triennial survey.  The US dollar remains the world’s top currency, followed by the euro, yen and pound. The Chinese yuan is now…

US stocks gain as Dow eyes 6th straight win while investors digest more weakness in tech earnings

t Getty Images US stocks edged higher Friday, struggling to gain momentum against a tide of weak tech earnings.  Amazon shares slumped a day after reporting an earnings miss.  The Dow was poised to post a sixth consecutive session of gains.  US stocks rose on Friday, with tech shares continuing to struggle after another weak…

Donald Trump says Twitter is ‘in sane hands’ following Elon Musk’s takeover

Elon Musk (left) and Donald Trump. Andrew Kelly, Gaelen Morse/Reuters Elon Musk formally closed his $44 billion acquisition of Twitter late Thursday evening.  Donald Trump said the app is now “in sane hands” with the tech billionaire at its helm.  The former president was suspended indefinitely from Twitter in January 2021. Former President Donald Trump said…