Business

Earlier this month, newly minted Uber CEO Dara Khosrowshahi made his first high-profile public appearance when he sat down for an interview with the New York Times’s Andrew Ross Sorkin.  Speaking in dulcet tones, Khosrowshahi laid out his vision for making Uber’s workplace culture more inclusive, for building out the product, working with regulators who famously chafed at some of the policies of his predecessor, while also discussing his relationship with Uber’s board members, including former CEO and founder Travis Kalahnick.

Thanks to the buzz surrounding bitcoin and blockchain, decentralization as an approach to services is now also being brought to mainstream discussions.

Yesterday's China stock market rout, in which the Shanghai Composite tumbled the most since June 2016 to three month lows, and which prompted traders to question the dedication of Beijing's plunge protection team, appears to have been forgotten, with the Composite closing unchanged on Friday after some early session weakness, as Chinese yields declined broadly across the board from 3 years highs.

China announced it is slashing import tariffs on 187 consumer products starting next month.

Since bitcoin first entered mainstream consciousness in 2013, regulators have been wary of authorizing the creation of bitcoin-linked financial products that would create a patina of legitimacy for a product that was all-too-recently associated with dark-web bazaars like the Silk Road. So far, the only bitcoin-linked financial product is the Nasdaq Stockholm-traded ETN that JP Morgan Securities famously purchased – purportedly for its clients’ accounts - after Jamie Dimon called the digital currency a “fraud” and said he would fire any JPM traders caught trading it.