The troubles besetting one of China’s biggest privately-owned financial conglomerates have deepened with Zhongzhi now at the centre of a criminal investigation.
Beijing police have begun a probe into the wealth management unit of Zhongzhi Enterprise Group, the authorities said over the weekend. The announcement comes just days after the company told investors that it is “severely insolvent.”
According to a statement posted on Saturday, ...

The blockbuster diabetes drug Mounjaro is more effective for weight loss than another highly popular diabetes treatment, Ozempic, in overweight or obese adults, according to a large analysis of real-world data published Monday.
Patients taking Eli Lilly’s Mounjaro were significantly more likely to lose 5%, 10% and 15% of their body weight overall and saw larger reductions in body weight ...

In investing, we generally assume things are priced correctly in public markets. You are simply paying for different types of risk that are appropriate for your desired return, time to liquidity, when you engage in public markets.
Have $100 in a RH account and want it to go to the moon? Shitcoins are appropriate.
Want your $2,000 invested evenly over your career to turn into a nest egg for when you retire? Just VOO/VTI that shit. Target date funds are great if you want to be totally hands-off ...

AMD stock surpassed Q3 earnings expectations but presented a lower Q4 forecast, causing a brief dip in stock value. The company’s AI chips, MI300A and MI300X, are progressing well for anticipated volume production this quarter, boosting confidence for a positive 2024 outlook in the AI chip sector.
AMD CEO Lisa Su expects data center GPU revenue to hit approximately $400 million in Q4 and surpass $2 billion in 2024. Q3 net income rose to $299 million, with ...

Former AMC psychodrama “Mary & George” has made the transition over to Starz with a 2024 premiere date, Starz announced on Thursday.
Starring Julianne Moore and Nicholas Galitzine, the seven-part series is inspired by the true story of Mary Villiers (Moore), who moulded her beautiful and charismatic son, George (Galitzine), to seduce King James VI of Scotland and I of England and become his all-powerful lover. “Through scheming, the...

Previously reported top-line results showed semaglutide 2.4 mg delivered a statistically significant 20% risk reduction in MACE over a period of up to five years versus placebo (HR: 0.80; 95% confidence interval: 0.72; 0.90, p<0.001). Today’s findings showed that risk reductions in MACE were achieved regardless of age, gender, ethnicity and starting body mass index (BMI).
The results also demonstrated that the beneficial effect...

AMD has been around for decades, has survived multiple economic downturns for the cyclical semiconductor industry, and come roaring back each time -- particularly in its run over the decade-plus following the great financial crisis of 2008-2009, and AMD's parting of ways with its manufacturing business GlobalFoundries. But this coming up cycle for chips is different.
Don't get me wrong, I'm an AMD shareholder too, and "fastest growing chip i...