China is shutting down this billionaire's golf courses amid fears the sport breeds corruption

Submitted by Tech Insider on October 17, 2017 - 6:23am

wang jianlin

Two luxury golf courses have been ordered to shut down in China, where the sport has been declared an elitist "sport for millionaires."

In a notice published on its website, Fusong County ordered the Changbaishan International Tourism Resort to shut down its golf courses. It did not give a reason for the closure.

MORGAN STANLEY: A stock market correction is 'looking more likely'

Submitted by Tech Insider on October 17, 2017 - 6:03am

red light

Earnings season can be a euphoric time for stocks.

It's a time when companies have the opportunity to show off growth that matches their valuations, and it can give traders looking to put money to work the rationale they need to invest.

However, that may not be the case this time around, Morgan Stanley warns.

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