Are stretch limos safe?

A deadly crash involving a stretched limousine-style SUV in New York state over the weekend has put a spotlight on safety concerns around the modified vehicles, but industry players maintain they’re safe.

On Saturday the limousine, built from a 2001 Ford Excursion, ran a stop sign, crossed three lanes of traffic and hit a parked SUV before stopping in a wooded ditch. Two pedestrians and all 18 people in the limo celebrating a woman’s birthday died.

Chinese stocks fall almost 5% in market bloodbath as investors digest a week of bad news in a single day

  • Chinese stocks plunged Monday, with the China A50 index losing more than 4.8% in trading.
  • A weeklong holiday for Chinese markets meant investors had an entire five days of news and data to digest in just one session, including an escalation of the trade war between China and the US.
  • News also emerged over the weekend that China’s central bank would cut the required reserve ratio for Chinese banks by 1%.

Chinese stocks took a hammering Monday as traders returned to work after a weeklong holiday in the world’s second-largest economy.

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