The Chinese government is now doling out some of the best pieces of Ma's business to new "partners" of its choosing, including one of the most corrupt and financially shaky companies in all of China - the notorious and scandal-ridden Huarong Asset Management Co.... It seems like a dark joke.

The BitMEX cofounder created a cryptocurrency exchange that has traded trillions. Now he's wanted by U.S. authorities, and insiders wonder whether he and his partners are villains-or victims of a two-tiered justice system that favors big banks over brash outsiders.

More than a dozen Chinese financial institutions, mainly trust companies, loaned 20 billion yuan ($2.8 billion) over the past five years to Wuhan Kingold Jewelry Inc. with pure gold as collateral and insurance policies to cover any losses. Kingold is the largest privately owned gold processor in central China's Hubei province.

Do you want to understand the International Monetary Fund's (IMF) pernicious role in the global economy? Here's a simple analogy that will tell you everything you need to know. Let's say you have two friends. Friend A, who continuously gets in financial trouble because of compulsive gambling and alcoholism.

The Truth About Inflation & Why You're Falling Behind Has the cost of living gone up? Why does it feel like everything is getting more expensive? Today we look at the way inflation is calculated with the consumer price index. There has also been several changes to the way it's calculated over the years which are very misleading.

He's a stopped clock who has yet to be right about Trump. This Thursday, Federal Reserve chairman Jerome Powell told the House Budget Committee that there was "no reason to think, that I can see, that the probability of a downturn is at all elevated."

Yes, you can invest in water, and there are real-life examples of successful investors who have done so. Take Dr. Michael Burry, played rather eccentrically by the actor Christian Bale in the 2016 film, " The Big Short." In real life, Burry invests in water and the evidence shows that he and other aqua investors are onto something.

June 2, 2019: Chart of the World's Richest People Over Time