Elon Musk is remaking the world, like Henry Ford before him – but more dangerously 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
USA at 250: the Black American struggle for life, liberty and the pursuit of happiness 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations 
Trump has made more than $1 billion from crypto in a year. How? 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
Chinese stock market is retreating faster than expected.
China's benchmark stock index is currently trading at 4192, down from 5174 made this month. Today Shanghai composite dropped about 7.4% in closing at one point market was down almost 9% for the day.
The sell offs were broad based.
In Chinese stock market, individual stocks cut drop more than 10%, due to limit. Today could have been worse without such. About 70% of the stocks have hit down limit. Shanghai composite has about 1105 stock listed among which 770 stocks have hit the circuit.
This week Chinese state authority have reduced loan to deposit ratio (LDR) by 10% from 75% to 65%. However this action has so far failed to boost the market.
At its peak Chinese stock market was up more than 150% in last 1 year, however in just nine trading days it has erased 1/3rd of the gain currently up around 100% for last 12 months.
Sharp drop and rise in volatility suggests that further drop might be on the card. 5 day average of realized volatility has hit more than 5%.
