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China's hottest investment: Overpriced sneakers

Forget stocks, real estate, even cryptocurrencies -- China's hottest investment nowadays may be the Nike, Adidas, and Puma basketball shoes that "sneakerheads" like Hu Huaiyuan fight to get their hands on. Both also employ "sneakerheads" to inspect shoes traded on their platforms to root out counterfeits.

Luxury rentals only the superrich can afford

The world's costliest luxury lettings come with eye-watering rents only a billionaire could contemplate – mere millionaires need not apply. 

Nikkei: Toshiba 6-month operating profit to soar seven-fold

Toshiba Corp. is set to post a seven-fold increase from a year earlier in Apr.-Sept operating profit, the Nikkei reported Sunday, without saying where it got the information.

Richest 1% of Americans close to surpassing wealth of middle class

The U.S.’s historic economic expansion has so enriched one-percenters they now hold almost as much wealth as the middle- and upper-middle classes combined.

UAE Ecosystem Stakeholders Weigh In On ENOC vs. CAFU

When the big guys come knocking, you know your startup has gotten it right.

Why younger generations are urging boomers to retire already

Baby boomers are putting off retirement and that may be making it harder for millennials and Gen Xers to get promoted: USA TODAY/LinkedIn survey.

More Americans say now is a bad time to buy a home

There was also a drop in the share of people who think now is a good time to sell a home, from 44% to 41%, according to a monthly survey by Fannie Mae.

The reason to claim Social Security at 62 that no one talks about

Should you claim early if you don't really need the money? Maybe yes.

Disney is betting everything on its new streaming service

On Nov. 12, the company will launch Disney+, hoping to prove to investors — and the world — that it has a strong vision for the future.

Starbucks unveils its 2019 holiday cups

The cups will be available starting Thursday, November 7, and the company is encouraging fans to get the reusable one

Why Jan. 2 will be the busiest day of the year for UPS

UPS expects online shoppers to return merchandise they've purchased at a record-setting rate during and after the holiday season fueled by increase use of ecommerce sites like Amazon, which empower customers to receive and send packages back to retailers all season long.

Warren's wealth tax could drive billionaires to funds she hates

Sen. Elizabeth Warren’s proposed wealth tax could be a gift to an industry she has accused of looting Americans -- private equity.

Facebook co-founder Chris Hughes doesn't recall Zuckerberg discussing the Iraq War at Harvard

Hughes said on Friday that Zuckerberg's claim that the Iraq War helped shape his views on free speech doesn't sound quite right.

WeWork to sell MeetUp, cut jobs in turnaround plan

NEW YORK (AP) — WeWork said Friday it will divest from several side businesses and cut jobs as part of a 90-day plan to turn itself around following its botched attempt to sell stock on Wall Street. The office-sharing company will divest from five non-core businesses, including Meetup, the online community event organizer that WeWork bought in 2017, according to a newly released presentation first shared privately with investors in October. 

Alibaba adds more banks for Hong Kong November listing

Alibaba Group Holding Ltd. added Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley to the sales forces of its Hong Kong listing, according to people with knowledge of the matter.

As TikTok faces US scrutiny, Chinese apps continue to make millions from American users

In the third quarter of 2019, apps developed by Chinese firms or by companies with large Chinese investors, accounted for around $745 million in users spending in the U.S., up 65% year-on-year, according to Sensor Tower.

How Michael Bloomberg became the richest man in media

Entrepreneur Michael Bloomberg's estimated $52.4 billion net worth dwarfs the value of president Donald Trump's real estate empire. Just how did Bloomberg, the Boston native and son of an accountant and a secretary, amass so much wealth?

Amazon accused of forcing up prices in antitrust complaint

In a letter sent to federal lawmakers, an online merchant has accused Amazon of forcing him and other sellers to use the company’s expensive logistics services, which in turn forces them to raise prices for consumers.