Crypto And AI Could Be Dirty Words On 2026 Midterm Campaign Trail

Novorossiysk Restarts Oil Loadings At Reduced Capacity After Drone Strike By Julianne Geiger of OilPrice Russia has restarted limited oil loadings at its Black Sea port of Novorossiysk after a drone attack earlier this week forced a full suspension. Operations at the Sheskharis terminal resumed late Thursday, but only one berth is currently active. A single cargo of roughly 80,000 tons is expected to depart, well below the terminal's normal capacity of about 700,000 barrels per day. The restart comes after the Monday strike that caused fires at a fuel terminal and damaged...

China’s Crackdown Threatens Hong Kong’s IPO Boom And Offshore Wealth China’s latest push to choke off capital flight is starting to hit Hong Kong right where it hurts, according to a new feature from Bloomberg. For years, the city has served as the main offshore escape valve for mainland wealth — the place where Chinese founders, executives and wealthy families parked money, opened private bank accounts, bought property and set up family offices. Now Beijing is tightening that channel, raising questions about whether Hong Kong can remain Asia’s go-to offshore wealth...

SpaceX Meltdown Vaporizes $1 Trillion In Market Cap As Stock, Bonds Crater SpaceX's Tuesday rebound was short-lived, with shares sliding to a new low of $110.85 late Thursday morning and extending their brutal post-IPO selloff. At a current market capitalization of roughly $1.479 trillion, SpaceX has erased about $1.16 trillion, or 44%, since its valuation peaked at $2.639 trillion on June 23. Shares are also trading well below the company's $135 IPO price, underscoring how quickly investor enthusiasm has evaporated. The chart shows  a selloff across SpaceX's capital structure: Black line, right axis: SpaceX...