Hard Numbers: Yao Ming isn’t Wining in China
16: Of the first 25 companies to list on Star Market, China's new stock exchange for tech firms, 16 of them more than doubled their share prices on the first day of official trading in Shanghai this week. The new exchange may be a boon for Chinese startups struggling to tap traditional sources of investment amid rising US-China tech tensions.
$4.76: Credit reporting agency Equifax agreed to pay up to $700 million in fines as part of a settlement with US regulators over a 2017 data breach that exposed the social security numbers and other personal details of 147 million Americans. That's an average of $4.76 per victim.
4.1: The International Monetary Fund cut its forecast for economic growth in the world's emerging markets this year to 4.1 percent – the weakest rate in a decade. Iran, Russia, and South Africa were among the global political hotspots expected to suffer from shrinking economies this year.
93: California wine sold in China is now being taxed at a rate of 93 percent after the latest round of tit-for-tat US-China tariffs. Among those caught up in the fallout: Chinese NBA legend Yao Ming. His Napa Valley vineyard's foreign exports have fallen by half this year.