Page 35 - Larry Chen News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share this article DRIVERS is a series highlighting influential individuals in the HYPEBEAST sphere and their passion towards all things automotive. The approach is simple: what is car culture to you, and why do you have a passion for it? Each contributor is given a chance to shine light on their personal vehicle or vehicles, and asked to remark on how they are driving culture forward, both metaphorically and literally. Certain photographers have become household names and helped shaped the landscape of their industries through their imagery: Bruce Gilden and his close-up street portraiture, ...

Why car prices are going up, plus our look at the week's car news, including encouragement to go racing after retirement.

Chevrolet If you think redesigning a BMW grille sends shock waves through the car community, try redesigning a NASCAR race car. The big motorsports news this week is stock car racing’s debut of the seventh-generation Cup car platform. The "Next Gen" NASCAR racer follows the philosophy of its predecessor—the unimaginatively titled "Gen 6" design—to make the cars more aesthetically close to their stock counterparts, and more technically up-to-date with modern components, like oh, say, rack-and-pinion steering. So far the response seems positive, with teams mostly pleased about changes t...

GSX Techedu (NYSE:GSX) has been a polarizing stock since its IPO in mid-2019. The Chinese online education company went public at $10.50 a share, then soared above $110 last August as stay-at-home measures boosted demand for its services. However, GSX has also faced accusations of over-inflated growth rates from prolific short-sellers, and concerns about stiffer competition and a post-pandemic slowdown have attracted even more bears. The stock was heavily shorted until this January when a Reddit-fueled short squeeze briefly boosted the price to an all-time high of nearly $150 a share. But it ...

It’s been a turbulent few weeks for Larry Chen, a former school teacher from a poor Chinese village who’s now one of the world’s richest people. His online tutoring firm, GSX Techedu Inc., has been battered in the stock market, tumbling more than 80% since late January. Last month, the investor with the largest exposure to the shares -- Bill Hwang’s Archegos Capital Management -- imploded when it was unable to answer margin calls. Short sellers including Carson Block’s Muddy Waters and others have been circling since last year, and GSX’s latest financial results showed wider-th...