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Last week, Goldman Sachs’ prime brokerage book saw the largest technology-stock selloff on record. Rich Privorotsky, head of European FICC and equities trading at Goldman Sachs, gave the number in an interview from the bank’s London trading floor. He did not call it a correction or a pullback. He said the crowded “long AI, short everything else” trade was being painfully deconstructed.
By Jinabout 16 hours ago in Trader
Lao Chen is a small business owner I know. He sells building materials, saved for more than a decade, and had 500,000 yuan in spare cash. In 2019 he went to Macau for the first time. When he came back I asked him how it felt. He said, “Not bad. I won 80,000.”
By Jin2 days ago in Trader
The fight over Stripe’s $7.5 billion acquisition of OpenRouter produced two clean quotes and little agreement. Sam Lessin of Slow Ventures dismissed the target: “OpenRouter has no technical substance. It is an API key relay with excellent marketing.”
By Jin8 days ago in Trader
In 2021, Morgan Stanley told Frasers Group to post another $915 million in collateral for its Hugo Boss position. If it did not, the bank would force a liquidation.
The same company. Two valuations. A gap of more than tenfold. Investors expect an IPO valuation of about $2 trillion. That would surpass SpaceX’s $1.77 trillion to $1.8 trillion and make it the largest IPO ever. Independent financial research firm New Constructs values the company at only $150 billion, about 93% below the target. It calls the deal “the most absurd IPO of 2026” and “a first-of-its-kind test of investors’ judgment.”
By Jin11 days ago in Trader
At 4:00 p.m. in New York on October 14, the Nasdaq closed at 26,692.87, down 1.88%. That was a drop of more than 510 points and its largest one-day fall since July 23. The S&P 500 fell 1.1%. The Dow fell 0.09%. The Philadelphia Semiconductor Index fell 4.30%. That close set the order book for Asia. By the time Seoul opened on October 15, the same trade was unwinding in Asia.
On October 12, 2026, the Royal Swedish Academy of Sciences awarded the Nobel Prize in Economic Sciences to Robert E. Hall and Michael Woodford. The announcement said their models “significantly improved our ability to conduct effective stabilization policy.” It did not use the phrase “predict economic crises.” It used “conduct stabilization policy.”
By Jin12 days ago in Trader
I. Who bows now Every year on October 1, conference rooms at major Japanese companies fill with flowers and tea snacks. Executives in suits wait for the new graduates who will join next year.
By Jin14 days ago in Trader
On October 8, the Shanghai Futures Exchange's rubber main contract closed at 20,145 yuan per ton. On October 9, it rose to 20,645 and touched 20,775 during the session. Rubber is at its highest level in nine years. The year-to-date gain moved from more than 28% to more than 32%.
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 Jin21 days ago in Trader
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 Jin22 days ago in Trader
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 Jin23 days ago in Trader
