Chinese EV Makers Turn Abandoned Western Factories Into Global Launchpads

Bombing Campaign In Search Of A Strategy: Pentagon Offers Trump Two-Week 'Go Bigger' Plan In Iran "This is a bombing campaign in search of a strategy," Joe Kent, a former Trump administration counterterrorism official who resigned in protest of launching the Iran war, recently said in a post on X. "We are choosing escalation when de-escalation remains an option, entrenching ourselves deeper into a broader war that we don’t have the capability or desire to sustain," he explained, adding: "There is not a military solution here that will lead to a...

Chapter 11 Bankruptcy Filings Increase 42% Authored by Naveen Athrappully via The Epoch Times, There were 644 commercial Chapter 11 bankruptcy filings in April 2026, a 42 percent yearly increase, according to a May 6 statement from the American Bankruptcy Institute (ABI). A Chapter 11 bankruptcy seeks to reorganize a company’s debts, with the aim of keeping the business operational and, eventually, becoming solvent. This is the most common type of bankruptcy filing made by businesses. Within the 644 commercial Chapter 11 filings last month, 301 were made by small businesses, up 46...

Inflation Fears Fade As War Drags UMich Sentiment Lower After rebounding solidly in January and February, expectations were for a modest decline in UMich Sentiment in preliminary March data and analysts were right but the 55.5 print (from 56.6 prior) was better than the 54.8 expected. Current Conditions actually improved, surprising to the upside (57.8 vs 56.6 prior vs 54.9 exp) Expectations fell more than expected (54.1 vs 56.6 prior vs 54.5 exp) Current Conditions are at their highest level since October while expectations are at their lowest since November. Source: Bloomberg Interviews for this...