Massive Israeli Attacks Reported Across Lebanon, Hundreds of Casualties

Keynesians claimed that stagflation—rising price levels and increasing rates of unemployment—couldn’t happen. Then it happened time and again, something predicted and coherently explained by Austrian economists.

India Unveils AI Kamikaze Drone As Global Powers Rush To Acquire Cheap Loitering Munitions The most visible weapon in the wars across Eurasia, from Ukraine to the Middle East, is the low-cost one-way attack drone. It has forever changed the economics of war and how war is fought on the modern battlefield by enabling swarm strikes at a fraction of the cost of traditional air-delivered munitions. Ukraine and Russia both proved this, and the last five weeks of the U.S.-Iran conflict have really confirmed it. In many ways, the war in...

China's EV Giant BYD Misses Earnings, Enters Brutal New Phase Of Competition BYD is entering a tougher phase after releasing weaker-than-expected financial results and signaling growing pressure in China’s electric vehicle market, according to Bloomberg. Chairman Wang Chuanfu described the current environment as having “reached a fever pitch, and is undergoing a brutal ‘knockout stage.’” The company’s stock fell at the opening of trading in Hong Kong, reflecting investor concerns. Its latest quarterly results showed a sharp drop in profitability, with earnings and revenue both missing forecasts. This downturn followed a...