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13 Baijiu Companies Changed Leaders This Year. The Problem Is Bigger Than Sales.
1. Thirteen Chairs Change Hands On September 28, 2026, Jinshengzi Liquor announced a new chairman. Shede Spirits followed the next day. According to incomplete counts, 13 liquor companies have changed chairman or general manager this year. Yanghe’s former president Gu Yu became chairman. Hengshui Laobaigan’s former chairman Liu Yanlong stepped down. ZJLD’s former vice chairman Yan Tao left. Liu Yanlong spent 26 years as general manager and chairman of Laobaigan. His exit closed a long chapter.
By Jinabout 17 hours ago in Trader
Why Is a 1983 Penny Worth $10,000? The Story of a Copper Coin That Should Not Exist
Picture a coining press at a United States Mint facility in 1983. It is running at full speed, spitting out hundreds of cents a minute. Every blank fed into it is supposed to be a new zinc planchet with a thin copper coating, the recipe the Mint adopted the year before.
By Stefan Gleasona day ago in Trader
She Said She Would Expose Her Former Boss on August 26. She Was Found Dead in the Mojave on August 24.
At 9:47 p.m. on August 24, California Highway Patrol officers found a car on the southbound side of Interstate 15 in the Mojave Desert. Inside was Hsin-Ju Chuang, 37. She was pronounced dead at the scene. Daytime temperatures there can approach 42°C. At night the desert cools, and the roadside has no shade.
By Jina day ago in Trader
What Is a 1943 Mercury Dime Worth Today? The Wartime Dime’s Real Value
Picture a kitchen in 1943. Sugar and coffee are rationed. A father drops a handful of change on the table after his shift at the plant, and among the pennies and nickels is a shiny new dime bearing a winged Liberty.
By Stefan Gleason2 days ago in Trader
Why Hong Kong Loved Tycoon Family Dramas — and Why Mainland China Often Struggles to Make Them Work
There is a particular kind of television drama that Hong Kong once made better than almost anyone else. Put a giant family business on the screen.
By Jin3 days ago in Trader
China’s Second Globalization: Can the World’s Factory Become the World’s Company?
2026 marks the twenty-fifth anniversary of China’s entry into the WTO. A quarter century is brief in historical terms. For China, it produced one of the fastest rises of any large economy. Urbanization climbed from 26 percent to 66 percent. Manufacturing value added reached roughly 30 percent of the global total. Foreign exchange reserves went from scarce to the world’s largest. Yet exports still grow, GDP still grows, and opportunities for young people shrink. The gap between official data and daily life is now too wide to ignore.
By Jin3 days ago in Trader
Can You Buy Sovereigns From the Bank? What Most Americans Discover When They Ask
A reader wrote in describing a conversation that plays out thousands of times a year. He had inherited a few gold sovereigns from a grandfather, decided he wanted more, and did the thing that felt most natural: he walked into his bank and asked to buy some.
By Stefan Gleason4 days ago in Trader
Iran’s Currency Is Dying. Its Stock Market Just Hit a Record.
On September 29, in Tehran’s free market, a man in a gray jacket pushed three bundles of rials across the counter and got back a stack of dollars. The board read 2,500,000. That afternoon, the Tehran Stock Exchange closed at 7.595 million points, up 136,000. A trader picked up his tea and hit Enter. Two markets, two prices, one currency.
By Jin5 days ago in Trader
Are Silver Rounds Worth as Much as Silver Bars? What the Comparison Really Comes Down To
A man I spoke with years ago had been stacking silver quietly for a decade. He kept his rounds in tubes on a shelf in a gun safe, and his bars in a flat case underneath. One day his son asked him which pile was worth more.
By Stefan Gleason5 days ago in Trader
Geely Buys 30% of NIO Energy: What the Battery-Swap Deal Means for EV Drivers
On September 28, 2026, in Hangzhou, NIO and Geely Holding signed an agreement. Geely gave NIO Energy 100% equity in Yiyi Interconnect and RMB 640 million in cash in exchange for newly issued shares. After the deal, Geely holds 30%, NIO China holds 63.6%, and NIO Energy’s post-money valuation is about RMB 16 billion. NIO also received a 10% stake in Haohan Energy. Haohan Energy will use the funds to buy some charging assets from NIO.
By Jin6 days ago in Trader
Is It Better to Buy Gold or Gold Futures? A Straight Answer for Long-Term Savers
A man in his early sixties once described his decision this way: he had spent thirty years building a retirement account he could not see, could not touch, and did not fully understand, and he had decided he wanted at least a portion of his savings to exist as something he could hold in his hand.
By Stefan Gleason6 days ago in Trader
SpaceX Just Declared War on Your Phone Bill
On August 4, 2026, during SpaceX’s first earnings call as a public company, President and COO Gwynne Shotwell said SpaceX plans to build ground infrastructure that complements its satellite internet service and compete directly with major U.S. mobile carriers. She said the three largest carriers generate hundreds of billions of dollars in annual revenue and that SpaceX expects to attract a significant share of their customers.
By Jin7 days ago in Trader