Evergrande Founder Gets Life in Prison as China’s Biggest Real Estate Fraud Closes
A Billionaire’s Spectacular Fall From Grace Once Asia’s second richest man, Hui Ka Yan had turned Evergrande into a poster child of corporate excess during China’s long real estate boom. On August 20, 2026, that era came to a definitive — and punishing — end….
Wages Are Losing the Race Against Inflation and Americans Know It
A Nation Feeling Poorer Despite a Growing Economy On paper, the U.S. economy looks reasonably healthy. Unemployment is low, consumers are still spending, and GDP is still growing. But ask everyday Americans how they feel, and you’ll get a very different answer. Even as the…
China Masters Two Ways to Catch a Rocket No Other Nation Has Tried Both
A Historic Double Milestone in Reusable Rocketry Within the span of just six weeks, China has done something no other country — not even the United States — has managed: it successfully recovered orbital-class rocket boosters using two completely different methods. The latest achievement came…
China’s Robot King Just Had One of the Biggest Stock Debuts in History
Chinese robotics company Unitree made a remarkable stock market debut on the Shanghai exchange, with its shares surging 600% as investors rushed to buy into the humanoid robot sector. The dramatic first-day performance reflects strong investor enthusiasm for humanoid robotics technology, an industry drawing significant attention and capital as companies race to develop commercially viable robots.
Oil Shock and Iran Threats Send Wall Street Sliding for a Third Straight Day
Markets Rattled as US-Iran Conflict Escalates Wall Street has had a rough stretch, and the US-Iran conflict is squarely at the center of it. On Tuesday, August 18, US stock futures extended a multi-day slide as fresh geopolitical flashpoints stoked fears of higher inflation and…
Oil Surge and Soaring Bond Yields Hammer Asian Markets From Seoul to Tokyo
A Broad Selloff Sweeps Across Asia A powerful one-two punch of surging oil prices and climbing bond yields sent Asian stock markets into a sharp retreat on Wednesday, August 19, erasing weeks of hard-won gains and rattling investors from Seoul to Tokyo. The losses were…
Copper Closes In on a Record as a Global Supply Squeeze Reaches Alarm Levels
A Market Signal That’s Hard to Ignore Copper rose toward a record on the London Metal Exchange, with soaring price spreads highlighting an increasingly acute squeeze in near-term supply. For most people, copper is just the stuff inside wiring and pipes. But right now, the…
Fed Rate Hike Fears Cool as Retail Giants Prepare to Reveal Consumer Health
Wall Street Shifts Its Rate Hike Calculus For months, Wall Street had been bracing for the Federal Reserve to raise interest rates again. Now, those fears are rapidly fading. A wave of softer economic data — weaker jobs numbers, cooling inflation, and a sharp pullback…
A $23.8 Million Packaging Lawsuit Just Brought Down a Major Ice Cream Brand
Copying a Carton Cost Everything Rebel Creamery, the Utah-based low-carb ice cream brand sold at Walmart, Target, and Kroger, filed for Chapter 11 bankruptcy protection weeks after a federal judge ordered it to surrender nearly $23.8 million in profits to rival Van Leeuwen over an…
Waymo Wins Approval to Bring Driverless Robotaxis to 18 California Counties
A Major Milestone for Autonomous Ride-Hailing Waymo says California regulators have signed off on the biggest expansion of its robotaxi service yet, covering 18 counties from Sonoma down to San Diego. The approval, granted on August 14, marks a turning point not just for the…
