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Getty Li Weizhu, the chairman of Zhou Liu Fu Jewellery, joined the billionaire ranks after shares of his Shenzhen-based gold jewelry retailer soared 67% over their first two trading days on the Hong Kong stock exchange on Friday. Li, 47, is Zhou Liu Fu’s largest shareholder with a 57% stake through wholly-owned investment vehicles. Based on his stake, Forbes estimates his net worth to be $1.2 billion. Li’s older brother Weipeng, who is Zhou Liu Fu’s cofounder and vice chairman, has a fortune of $522 million based on his 24% ownership, Forbes estimates. Li entered the three-comma club a day…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. After suffering a major price crash back during the weekend, the Ethereum price has enjoyed an over 10% bounce that has put it back above major support levels. However, even with the recovery, the altcoin sits on shaky ground with geopolitical and macroeconomic factors still unstable.…

An inflated pig with the message “Medicaid Is Not A Piggy Bank For Billionaires” is stationed at a rally opposing House Republicans Tax Proposal prior to the final House Vote on Capitol Hill on May 21, 2025 in Washington, D.C. Jemal Countess | Getty Images Entertainment | Getty ImagesWhile some Medicaid cuts proposed in Republicans’ One Big Beautiful Bill Act were rejected by the Senate parliamentarian on Thursday, other reforms to the program that could affect individuals’ access to coverage were left untouched.The Senate parliamentarian rejected proposed changes aimed at capping states’ provider taxes, which are used to help fund…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP spent the past forty-eight hours coiling into a textbook inflection zone, and the 15-minute chart published by independent analyst Casi makes it hard to miss where the battle lines now stand. Price is hovering at $2.18, clinging to a steeply rising trendline that has underpinned…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A popular crypto analyst has issued a stark cyclical warning that could define Bitcoin’s trajectory for the rest of the summer. Dr. Cat, known for his integrated use of Ichimoku Cloud analysis, Elliott Wave Theory, and proprietary time-cycle forecasting, posted an intricate scenario on X suggesting…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin is starting to inch closer toward $110,000 again, recently pushing to an intraday high of $108,116 and now steadily trading above $107,000. Despite the retracement below $99,000 in the past week, Bitcoin’s current price action shows that the broader market is still bullish.  Notably, the…

Despite tariffs, Nike believes the worst is behind it.getty Nike put a billion-dollar price tag on tariff costs Thursday, while it proclaimed that the worst should be behind the company as sales and profit declines moderate ahead. The Portland-based footwear giant took its largest financial hit yet from its extensive turnaround plan during its fiscal fourth quarter as finance chief Matt Friend conceded to analysts on an earnings call that the tariff duties represented a “new and meaningful” cost to the business. “With the new tariff rates in place today, we estimate a gross incremental cost increase to Nike of…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum has bounced back sharply, reclaiming the $2,400 level after a volatile week marked by geopolitical tensions in the Middle East. Last weekend, ETH briefly dipped below the $2,200 mark as panic selling swept across global markets following US attacks on Iranian nuclear facilities. The sell-off…

Americans are tightening their belts, as concerns about tariffs, inflation, job security and market volatility have prompted many consumers to pare back their spending and increase their savings, financial experts say.The U.S. personal saving rate — the percentage of disposable income that U.S. households save, after they pay taxes and spend money — has risen sharply this year, reaching 4.5% in May, according to Bureau of Economic Analysis data released Friday. That is slightly down from 4.9% in April, but up significantly from 3.5% in December.Some consumers may be changing their financial habits from so-called “revenge spending” — the trend…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP is showing all the signs of a move brewing, and the chart doesn’t lie. After a period of consolidation, price action is tightening, and technical indicators are flashing signals of an impending move. Whether it’s a surge to the upside or a sharp reversal, the…