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Huawei Touts Sanctions-Busting Chip Breakthrough, SMIC Shares Erupt

Huawei Touts Sanctions-Busting Chip Breakthrough, SMIC Shares Erupt Semiconductor Manufacturing International soared to a record high in China after Huawei unveiled what it described as a breakthrough pathway for advanced semiconductor production at the IEEE ISCAS conference, without relying on the West's most advanced chipmaking equipment. Huawei's semiconductor chief, He Tingbo, told the audience earlier today that the company has developed a "New Semiconductor Path in Practice" that replaces traditional Moore's Law-style geometric scaling with time scaling and reducing signal propagation delay across devices, circuits, chips, and systems. Huawei's press release...
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Aug 7, 2026 / Tyler Durden
Indian Refiners Continue West Africa Crude Buying Spree
Indian Refiners Continue West Africa Crude Buying Spree By Tsvetana Paraskova of OilPrice.com India’s state-run refiners continue their buying spree of crude from West Africa as the Middle East crisis has sapped supply and made deliveries uncertain. In one of the latest purchases via a tender, India’s state-owned refiner Hindustan Petroleum Corporation Limited (HPCL) has acquired 2 million barrels of Nigerian crude oil from Shell, trade sources told Reuters on Thursday. HPCL has bought 1 million barrels each of Nigerian crude grades Forcados and Bonga for its Visakh refinery in the state of...
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Jun 30, 2026 / Tyler Durden
Obamacare Enrollment Drops By 3 Million; Experts Disagree On Cause
Obamacare Enrollment Drops By 3 Million; Experts Disagree On Cause Authored by Lawrence Wilson via The Epoch Times, Obamacare enrollment declined by nearly 3 million in 2026, sparking renewed debate about the affordability of healthcare in America. National politicians and policy experts disagreed on the reasons for the dip in enrollment, with some saying that it was driven by rising premiums.  Others said the decline was evidence that program integrity measures taken by the Trump administration were successful in rooting out fraud and waste.  The program grew significantly during the declared National Health Emergency from...
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Oct 1, 2026 / Tyler Durden
16 U.S. Trucking Companies File For Bankruptcy In Less Than A Month As Diesel Prices Soar
16 U.S. Trucking Companies File For Bankruptcy In Less Than A Month As Diesel Prices Soar Diesel prices have exploded over the past month, creating another major cost shock for an industry that was already operating on thin margins. The national average climbed from roughly $5.60 per gallon at the end of August to a record $6.53 in late September, an increase of about 17% in just a few weeks. Prices have eased slightly from that peak, but the EIA’s latest weekly reading still puts diesel at $6.38 per gallon,...
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