Tulip bubble echoes in China stock rout
A sharp 8.5 percent drop in the Shanghai composite sparks fears of a bear market and global spillovers. Analysts note the 150 percent surge followed by the plunge resembles tulip mania and Nasdaq busts, while cautioning China’s link to U.S. markets is indirect and uncertainty remains about broader economic impact.
MENTIONED IN THIS ARTICLE
Netherlands
Axel Merk
Merk Investments
China
Michael McNiven
Cumberland Advisors
U.S
Shanghai stocks plunge 8 percent biggest in eight years
Shanghai's 8.48 percent fall marks the steepest one day drop in over eight years while Shenzhen declines 7 percent. Analysts say deleveraging fear and fading government support spark the selloff as markets wipe out gains from earlier interventions.
MENTIONED IN THIS ARTICLE
Shanghai
Beijing
Shenzhen
Dai Bo
Hua Xi Securities
China
Best Buy to Sell Apple Watch Starting August 7
Best Buy will begin selling the Apple Watch on August 7 making it the first major third party retailer to carry the device. Disney CEO Iger says ESPN could become a direct streaming option in years though not within five years as bundles erode.
MENTIONED IN THIS ARTICLE
Best Buy
Disney
ESPN
Walt Disney
Bob Iger
CNBC
New York Moves Toward 15 Dollar Fast Food Wages
New York's Wage Board on Monday endorsed a 15 dollar minimum wage for fast-food workers in chain restaurants. The endorsement is a formal step before Gov. Cuomo's labor commissioner can approve the increase.
MENTIONED IN THIS ARTICLE
New York
Andrew Cuomo
Twitter faces growing losses as rivals grab ad sales
The piece notes Google and Facebook ramping digital ad revenue while Twitter suffers another expected quarterly loss amid stagnant user growth. It cites Rosenblatt projections of over 500 million in 2015 losses, urges leadership questions, and highlights Twitter’s fragile market position and stalled user growth.
MENTIONED IN THIS ARTICLE
San Francisco
Google
Facebook
Twitter
Rosenblatt Securities
Brian Solis
Altimeter Group
Altimeter
Prophet
Wall Street
Dick Costolo
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Michael Farr
Farr, Miller & Washington
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Barry Bannister
Stifel Nicolaus
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kRis Kinkade
USA Today
Hangzhou
Zhejiang
Moneyline
Weeser
Madrid
DOW Jones Industrial Avg
S&p
Marketwatch.com
USA
CarMax
JSF
Tech Fact
Chris Sacca
Sacca
John Shinal
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