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Trump, Xi ice-breaking summit

  North Korea, trade and tariff were among many issues on the table at the much heralded summit between US President Donald Trump and Chinese President Xi Jingping. But Xi visit was overshadowed by US missile strikes on Syrian base in the wake of chemical weapons attack by Assad regime that killed more than 80 civilians, including dozens of children. ...

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How to build China’s latest city of the future

  On April 1, real estate prices in rural Xiongxan County, roughly 80 miles south of Beijing, spiked as much as 37 percent; highways jammed as speculators rushed to the obscure district. That morning, the Chinese government had announced that at the direction of President Xi Jinping, 800 miles surrounding Xiongxan would be developed into a city meant to serve ...

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IPO investors take baton of tech valuation insanity

  Six months ago, technology investors were complaining privately that bankers were lowballing stock prices when companies went public. Fast-forward to today; no one should be griping about overly conservative IPO prices. Late Thursday, business software company Okta Inc. sold 11 million shares in its initial public offering. The IPO values Okta out of the gate at about 13.6 times ...

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