
Here is what you need to know.
- The Chinese yuan climbs off 6-month lows. The offshore Chinese yuan is up 0.28% at 6.9119 per dollar after on Monday closing at its highest level since November.
- Shares have surged 19% since bottoming out on June 3, and are trading at an almost one-month high ahead of Tuesday's annual meeting.
- "Unicorns are amazingly deflationary vehicles," Chanos, the founder and managing partner of Kynikos Associates, told the crowd at a small event recently attended by Business Insider. "They're deflating rents, they're deflating driver salaries, they're deflating all kinds of things."
- After reading these facts you'll be glad you live somewhere else.
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