5 Reasons WeWork’s Gigantic IPO Valuation Plunged 69%

In the age of the unicorn valuation, WeWork is only the latest company to incur massive losses and still fetch a valuation in the tens of billions of dollars.

That’s the kind of stock market that should scare investors. Not only is it indicative that the market itself is overvalued, but investors in IPOs of these unicorns are getting burned. We already know that the Uber and Lyft IPOs have been crushed – and been an incredible disappointment to investors.

Source : https://www.ccn.com/5-reasons-weworks-gigantic-ipo-valuation-plunged-69/?fbclid=IwAR3QhyhiFUO6fmRVLlf86ue6IENS8xUsSuRkdSy2bklZ1PUUL6rY7A6uQCg

U.K. Recession Threat Recedes as Economy Posts Solid July Growth

The U.K. economy grew at its fastest pace in six months in July, an unexpectedly strong performance that will allay fears Britain is facing a possible pre-Brexit recession.

Source: https://www.bloomberg.com/news/articles/2019-09-09/u-k-recession-threat-recedes-as-economy-posts-solid-july-growth?cmpid=socialflow-twitter-business&utm_medium=social&utm_campaign=socialflow-organic&utm_content=business&utm_source=twitter&fbclid=IwAR2RQ3x-bv0wzidsDvotWofrCtpQ41cxHZQI9tvf6e0GzszFOdV7FH6OCHg

China Has Added Nearly 100 Tons of Gold to Its Reserves

China has added almost 100 tons of gold to its reserves since it resumed buying in December, with the consistent run of accumulation coming amid a rally in prices and the drag of the trade war with Washington.

Source: https://www.bloomberg.com/news/articles/2019-09-09/china-s-gold-buying-spree-nears-100-tons-as-trade-war-drags?utm_source=twitter&utm_content=markets&utm_medium=social&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-markets&fbclid=IwAR0qEnQWrvtbAvjehrMHPWQiK5EaxWKypJ3WH2DfJqwXcWvkYiTvdLGy3eo

This 3-D printed pen lets surgeons detect cancer in 10 seconds

A team of scientists and engineers from the University of Texas at Austin may have figured out a fast and accurate way to diagnose tumors using a pen-sized device.

The MasSpec Pen can detect cancer of the breast, thyroid, lung, ovaries and brain with 96.5 percent accuracy, based on an initial test of over 250 patient tissue samples, said Livia Eberlin, an assistant professor of chemistry and the study’s designer.

Source: https://www.cnbc.com/2018/03/22/this-3d-printed-pen-can-detect-cancer-in-10-seconds-.html?__source=twitter&fbclid=IwAR1bJzX3-qfBRTHKGyt9AELmE0qzNiMrr3E6Plx1QBYfQQKhaygiROZ-MyE

Elon Musk wants to link brains directly to machines

Elon musk, perhaps the world’s most famous entrepreneur, is sometimes referred to as “the Trump of technology”—not for political reasons, but because of his habit of making, at short notice, spectacular pronouncements that stretch the bounds of credibility. On July 16th he was at it again, unveiling a new type of brain-machine interface (bmi). If human beings do not enter a symbiosis with artificial intelligence (ai), he declared, they are sure to be left behind. And he, the announcement implied, was going to be the man who stopped that happening.

Source: https://www.economist.com/science-and-technology/2019/07/18/elon-musk-wants-to-link-brains-directly-to-machines?fsrc=scn%2Ftw%2Fte%2Fbl%2Fed%2Felonmuskwantstolinkbrainsdirectlytomachinesbrainmachineinterfaces&fbclid=IwAR0n8SorHchhON6Lz-lKeMEDsciGydPEoU917guGP0-Mvdo4YjP21MUQIbU

Police get facial recognition go ahead in world-first case

Facial recognition can be legally used by police forces in the UK, judges have ruled.

As the world’s first case against the controversial technology concluded, two leading judges dismissed the case brought by human rights campaign group Liberty on behalf of Ed Bridges, a Cardiff resident whose face was scanned by South Wales Police during a trial of facial recognition.

Lord Justice Haddon-Cave, sitting with Mr Justice Swift, concluded that South Wales Police’s use of live facial recognition “met the requirements of the Human Rights Act”.

Source: https://news.sky.com/story/police-use-of-facial-recognition-is-legal-high-court-rules-11801975?fbclid=IwAR0HV8zT5y4mk_XQDUkEGkRXNqRm4pODvWqJGHFgOGEWDQODtcMykC8AH7E

Hong Kong’s Leader Scraps Extradition Bill That Sparked Historic Unrest

Hong Kong’s embattled leader, Carrie Lam, formally withdrew legislation to allow extraditions to China, a political retreat that may help ease — but not end — months of unrest in the Asian financial hub.

Source: https://www.bloomberg.com/news/articles/2019-09-04/hong-kong-s-lam-to-formally-withdraw-extradition-bill-scmp?cmpid=socialflow-twitter-business&utm_source=twitter&utm_medium=social&utm_campaign=socialflow-organic&utm_content=business&fbclid=IwAR2Kz2uwmkiLYPUOHpTOJdW-9kEWs_d1lfcN9dQ52C7X1VsHco8uAtDBywI