Stocks have been a better investment than real estate since the 1950s — and it's one big reason for the racial wealth gap

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Reuters

UPDATE 1-Chinese military begins ‘strategic’ drills around Taiwan – state media

China’s People’s Liberation Army has begun military exercises including live firing on the waters and in the airspace surrounding the island of Taiwan, Chinese state television reported on Thursday. The exercises followed U.S. House of Representatives Speaker Nancy Pelosi’s visit to Taiwan, a trip condemned by Beijing, which claims the self-governed island as its own. Significantly, in the north, east and south, the exercise areas bisect Taiwan’s claimed 12 nautical miles of territorial waters – something Taiwanese officials say challenges the international order and amount to a blockade of its sea and air space.