China’s DRAM Giant CXMT Gets Final Nod For Largest Mainland IPO Since 2022 Chengxin Memory Technology, China’s leading maker of DRAM (dynamic random-access memory) chips, has had its initial public offering approved by the country’s securities watchdog, clearing the way for the Chinese mainland’s biggest stock market listing since 2022. CXMT’s registration to go public on Shanghai’s Nasdaq-style Star Market became […]

Yum Unloads Pizza Hut Chain As Private Equity Takes On Turnaround Challenge Yum! Brands agreed to sell its iconic Pizza Hut chain for $2.7 billion following a strategic review, separating the struggling pizza brand from its broader restaurant portfolio, which includes KFC, Taco Bell, and The Habit Burger Grill. LongRange Capital will acquire Pizza Hut’s business outside China for $1.5 billion, while Yum China will buy the China […]

Chinese Stocks, Yuan Drop After Dismal Data Dump: Worst Retail Sales Since COVID China’s consumer spending and investment slumped in May to levels unseen since the pandemic, exposing risks for an increasingly two-speed economy, as Bloomberg’s Chang Shu and Eric Zhu noted: “The supply side remains robust, driven by faster-than-expected expansion in exports and AI tech sectors. The demand side has faltered, with consumption and […]

Utterly Flocked: “We-Don’t-Track-People”-Firm Deploys Nationwide Network Of Warrantless Pedestrian-Tracking Cameras Flock Safety, the Atlanta-based private surveillance firm, insists its cameras are not tracking people. Yet its own systems, training materials, and expanding product line tell a different story -one of a rapidly growing, warrantless mass surveillance infrastructure that logs vehicle movements, follows pedestrians […]

US Housing Starts Collapsed In May To Lowest Since COVID With housing inventories at recent highs, the US housing market just suffered another sentiment setback as Housing Starts crashed by 15.4% MoM in May (far worse than 2% drop expected and worse since March 2024)), following a revised 8.5% MoM drop in April. Building Permits slipped 0.7% MoM (in line with expectations)… Source: Bloomberg That pulls the Housing Starts SAAR […]

From Hormuz To Houston: The US Takeover Of Global Energy Flows Ramps Up Authored by Simon Watkins via OilPrice.com, The Americas are replacing the Middle East as the key source of global oil supply, with crude exports from the Western Hemisphere hitting a record 14.5 million bpd while Strait of Hormuz traffic collapsed. Trump’s broader energy strategy aims to weaken OPEC’s influence and cement U.S. dominance over global […]

Stock Rally Pauses As Attention Turns To Warsh’s First FOMC US futures are flat, pausing after a three-day rally with investors shifting their focus to this week’s FOMC meeting, Kevin Warsh’s first, which begins today. As of 8:00am ET, S&P futures are up 0.1% after surging 2% on Monday; and Nasdaq futures gain 0.3%, as SpaceX continued to surge, rising 11% overnight and on track for a more than 50% jump since going public, […]

SpaceX Acquires Cursor AI In $60 Billion Deal As Coding Agent Race Heats Up SpaceX has agreed to acquire AI coding startup Cursor for $60 billion, giving Elon Musk’s artificial intelligence empire a leg up in the chatbot coding race currently led by frontier AI labs such as OpenAI, Anthropic, and Google. The Cursor acquisition was announced in a SpaceX 8-K filing with the SEC on Tuesday morning. Details of the deal show that Cursor […]

Hormuz Fears Ease As Trump, Ghalibaf Virtually Sign US-Iran Deal, But Energy Flows Remain Months From Normal President Trump, Vice President JD Vance, and Iran’s Parliament Speaker Mohammad Bagher Ghalibaf have virtually signed a peace deal to end the U.S. naval blockade of the Strait of Hormuz, Iranian ports, the general Gulf region, and begin 60 days of nuclear negotiations, according to CNN, citing US senior sources.  The […]

US Residential Solar Installations Set To Stall For Years As Market Hits Wall Residential solar in the US is actively cratering after President Trump’s One Big Beautiful Bill resulted in the sunsetting of a key tax credit for homeowners last year – which will result in a prolonged slump in installations, according to Bloomberg New Energy Finance (BNEF). “The market is not expected to recover to the record levels of 2023 anytime […]

1000s Of Italian Protesters Demand Remigration In Rome Via Remix News, A demonstration of several thousand people took place in Rome on Saturday to advocate for remigration and stricter controls on immigration. Coming from various regions across Italy, a crowd of roughly 3,000 individuals paraded through the nation’s capital behind a prominent sign declaring “Remigration and Recapture,“ a slogan used to call for the […]

SpaceX Erupts In After Hours Trading, Hits $3 Trillion Market Cap, Surpassing Microsoft Update (9:00pm): just a few minutes after the initial post, the squeeze is accelerating and SPCX hit just shy of $230, or $3 trillion in market cap, surpassing MSFT in value. And what is even crazier, tomorrow SPCX options start trading, which means one good, solid gamma squeeze could send this stock to $400, surpassing NVDA as the world’s […]

Eating Meat Is The Norm Almost Everywhere On average, 91 percent of people surveyed for Statista’s Consumer Insights in 32 countries said that their diet contained meat – highlighting that despite the trend around meat substitutes and plant-based products, eating meat remains the norm almost everywhere in the world. To satisfy the world’s hunger for meat, 373 million tons of it were produced globally in 2024. Because meat […]

China’s Return To The Oil Market Could Boost Inflation Submitted by Tsvetana Paraskova of OilPrice.com The U.S.-Iran agreement to reopen the Strait of Hormuz could prompt China to return to buying more crude after months of multi-year-low purchases, which could reignite inflationary pressures despite the expected ease of oil flows from the Middle East.    Late on Sunday, the U.S. and Iran announced a deal to reopen the Strait […]

Lebanon Hosts The World’s Highest Concentration Of Refugees, US Ranks 82nd The countries carrying the world’s largest refugee burden are often not the ones most people expect. Using data from the UNHCR via Our World in Data, this graphic, via Visual Capitalist’s Dorothy Neufeld, ranks countries by the number of refugees hosted per 1,000 residents in 2024. The results reveal how proximity to conflict frequently matters more […]

Ebola Cases, Deaths Jump In Congo As Outbreak Spreads Authored by Zachary Stieber via The Epoch Times, The number of Ebola cases and deaths has risen in Congo, the epicenter of an ongoing outbreak, officials said on June 14. Response personnel carry the body of a person who died from Ebola in Bunia, Congo, on June 13, 2026. Jospin Mwisha/AFP via Getty Images Thirty-two new deaths and 72 new cases have been confirmed in the central […]

Norwegian Royal Family Rocked: Crown Princess’s Son Convicted of Rape, Sentenced To Four Years In a verdict that has rocked Norway’s monarchy, Marius Borg Høiby, the 29-year-old son of Crown Princess Mette-Marit, was found guilty of two counts of rape and sentenced to four years in prison. Marius Borg Høiby, son of Norwegian Crown Princess Mette-Marit, pictured in Oslo, Norway on June 16, 2022. Hakon Mosvold Larsen/NTB/AFP/Getty […]

Remigration & The Save Europe Act Authored by ‘eugyppius’ via American Greatmess, In 2024, the Austrian Identitarian activist Martin Sellner began serious efforts to push his concept of remigration into the political mainstream, and since then the German state and its civil society collaborators have extended him every assistance. Gregory Bovino, ex-Customs and Border Patrol Chief, appears with (from left) Eva […]

Who Won The Third Gulf War? Authored by Andrew Korybko, Iran is poised to gradually return to the US-led Western order within certain limits exactly as Iran’s moderate faction has long wanted, its hardline faction has successfully preserved the armed forces and their missile stockpile, while Israel achieved none of its goals in its most epic defeat ever. Iran and the US plan to sign a Zarif-inspired memorandum of […]

Gun Safety: Violent Crime Drops As More Americans Pack Heat Authored by John R. Lott jr via RealClearInvestigations, Alessandra Coote was walking on a trail with her 2-year-old daughter and dog two-and-a-half years ago when a man began yelling at her and threatened to kill her dog. When the petite single mom made it back to her Utah home, she decided she needed a firearm for protection. A few months later, while living in what […]

New Study Exposes How The Left Turned Mental Illness Into A Political Identity Something researchers have observed for decades is finally crystallizing into a measurable cultural phenomenon. Political conservatives consistently report higher levels of happiness, better mental health, and stronger psychological well-being than their liberal counterparts. A new study published in Political Behavior takes that finding several steps […]

Federal Agents Dismantle Human Smuggling Stash House In Texas Authored by Troy Myers via The Epoch Times, U.S. Border Patrol and Homeland Security Investigations (HSI) agents busted a stash house used for human smuggling in El Paso, Texas, Customs and Border Protection (CBP) exclusively told The Epoch Times on Monday. U.S. Border Patrol agents monitor the southern border outside of San Diego, Calif. on May 27, 2026. John […]

New Radar System Can Detect High-Speed Drones Nearby Ports, Vessels In Extreme Environment Authored by Prabhat Ranjan Mishra via Interesting Engineering, A new type of radar to detect drones nearby ports, vessels, harbours, and critical maritime infrastructure has been introduced. Developed by Robin Radar Systems, IRIS OTM at Sea is designed for seamless land-to-sea deployments. The system can operate effectively in extreme […]

Which US States Have The Highest GDP Per Capita? Where you live in the U.S. can make a huge difference in economic output per person. GDP per capita varies widely across states, from under $60,000 in Mississippi to nearly $280,000 in Washington, D.C. This chart, produced by Visual Capitalist’s Jenna Ross, in partnership with Terzo, breaks down GDP per capita in 2025.  GDP per Capita by State Washington, D.C. has the highest […]

India’s Solar Demand Set For 22% Annual Growth Through 2035 Submitted by Tsvetana Paraskova of OilPrice.com India’s solar capacity is set to surge by 22% each year by 2035 as the data center boom will drive increased power consumption, a new report by Nuvama showed on Monday.    The consultancy estimates that India’s total power demand will rise by 6% every year over the next decade, “driven by economic growth, rising […]