In this issue of Forbes Daily: - Secretary of State Antony Blinken meets with Chinese President Xi Jinping - How Florida's law creates a tax incentive for athletes - Step inside Las Vegas' first cannabis-friendly hotel Read more:
—the North Carolina NBA team he’s owned for more than a decade—to a group including a millionaire hedge fund manager and rapper J. Cole. Jordan, a North Carolina native and six-time NBA champ, bought a majority stake in the Hornets, then known as the Bobcats, for $180 million in 2010, and it isReal estate entrepreneur Alexandre Rizk recently opened The Lexi, the first hotel in Sin City to allow guests to smoke weed in their rooms, with plans to take it national.
Rizk also owns The Clarendon in Phoenix as part of his pot-friendly Elevations Hotels and Resorts brand. Most of his competition is from hotels of the bud-and-breakfast variety, but Rizk hopes to expand his hip brand to other states to get a slice of the estimatedEventually, when cannabis becomes federally legal, he plans to franchise the brand. “I want to be
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Morning Bid: Investors look ahead to China rate decisionU.S. Secretary of State Antony Blinken's trip to China also will be in focus.
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China’s President Xi: Blinken's visit could help stabilize China-US tiesOn meeting with US Secretary of State Antony Blinken on Monday, China President Xi Jinping said that he hopes through the visit, Blinken will make mor
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China’s top diplomat Wang: China has no room for compromise and concessions on Taiwan issueIn a scheduled meeting with US Secretary of State Antony Blinken, China’s top diplomat Wang Yi said that “China has no room for compromise and concess
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Asian shares fall as China cuts lending rates, U.S./China politics leave investors flatAsian shares mostly declined Tuesday as some investors took a wait-and-see attitude after U.S. markets were closed for a national holiday.
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Blinken 'actively talking' about three Americans detained in China - CBS NewsU.S. Secretary of State Antony Blinken said on Monday the United States and China were continuing to discuss the release of three U.S. citizens who are detained in China.
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