May 11, 2021


Capital Calls: Chinese e-insurance IPO warns Wall Street

Shen Peng, founder and CEO of Chinese online insurance technology firm Waterdrop Inc, speaks during an interview with Reuters ahead of the company’s U.S. initial public offering (IPO) on New York Stock Exchange (NYSE), in Beijing, China May 7, 2021. REUTERS/Tingshu Wang – RC2TAN9JXXRD

Concise insights on global finance.


MUTUALLY INSURED DESTRUCTION. Online insurance platform Waterdrop closed down read more 19% on its first day of trading in New York. Amid Beijing’s campaign against the fintech sector, the offering was a tough sell. Still, the Tencent-backed (0700.HK) company raised $360 million after pricing shares at the top of the

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Better Business Bureau warns about Rogersville teenager’s business; teenager responds

ROGERSVILLE, Mo. (KY3) – The Better Business Bureau warns consumers to avoid doing business with Ascend Ahead Agency LLC, after they say the owner doesn’t provide promised services, refuses refunds, and makes unauthorized charges.

Owner Soren Dewey says it’s a big misunderstanding, but he understands why people think the way they do.

The business builds brands by teaching clients through coaching and courses to get more followers and ultimately make more money off of their social media platforms. He says he works a lot with fitness influencers.

“If I was to hear a story about me I would say that

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NYPD Union Warns Of “Sabotage” Against Officers Displaying Parking Placards On Personal Vehicles

The NYPD’s largest union is warning its members to inspect their personal vehicles for “sabotage,” after three officers’ cars, each of them displaying a police placard or parked illegally, were vandalized in recent days.

On Tuesday night, an officer’s empty BMW was set on fire near Luna Park in Coney Island, as the officer was patrolling the nearby transit district, according to police and the union. No one was hurt, and the perpetrator is still at large.

In a message to union members on Wednesday, Police Benevolent Association President Pat Lynch suggested that the vehicle’s NYPD parking placard may have

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China’s central bank warns of financial risks, including defaults

People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. 

Jason Lee | Reuters

BEIJING — China’s central bank warned on Thursday of financial risks in the country that have accumulated over the years, as well as shocks from overseas uncertainties.

These risks include “oscillation” in the stock and fixed income markets and potential bond defaults in real estate companies, said Zou Lan, director of the People’s Bank of China’s financial markets department.

The detailed comments mark the latest warning from high-level officials in China in recent weeks about

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Florida’s voting changes bill could put personal info at risk, Republican election supervisor warns

TAMPA, Fla. (WFLA) — As GOP state lawmakers move forward with sweeping election changes in Florida, elections supervisors – even those who are also Republicans – are alarmed. One tells 8 On Your Side the proposed bill puts your personal information at risk and makes it harder to vote.

Florida had a smooth election in 2020. Still, GOP lawmakers say they want to make a good thing even better. Their proposed bill, which a Florida House panel approved Monday, changes our state’s voter registration process, vote-by-mail system, monitoring requirements for drop boxes and more.

Proponents say they want to increase

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Hybrid work models could hurt remote workers, Zillow CEO warns

  • Zillow CEO Rich Barton discussed the future of work during the company’s Q4 earnings call.
  • A hybrid model could create a “two-class system” that negatively impacts remote workers, he said.
  • Others have echoed his concerns. GitLab’s CEO called a hybrid model “the worst of both worlds.”
  • Visit the Business section of Insider for more stories.

Throughout the pandemic, the buzzy phrase in corporate America has been “hybrid model” — as in, a new way of working that involves both remote work and coming into a physical office a few days per week or month. 

And while that model seems like

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