The founder of fashion-rental and technology company CaaStle Inc. pleaded guilty to vastly inflating revenue figures to defraud investors who poured more than $300 million into her company.
Source
Bloomberg
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US Representative Maria Elvira Salazar, a Florida Republican, urges the US government to take decisive action against the Cuban regime, describing it as the "mothership of evil" in the Western Hemisphere. She speaks on "Balance of Power: Evening Edition." (Source: Bloomberg)
China set its annual economic growth goal at a range of 4.5% to 5%, the least ambitious expansion target since 1991.
"We’re watching very closely to see if there’s been a little bit too much aggression, frothiness," Goldman Sachs Chair and CEO David Solomon says when asked about credit markets during an interview with Haidi Stroud-Watts on "Bloomberg: The Asia Trade." (Source: Bloomberg)
The ongoing selloff in China’s megacap technology stocks shows little sign of easing, as investors fret over spiraling spending amid heated competition.