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Chinese Stocks, Yuan Drop After Dismal Data Dump: Worst Retail Sales Since COVID
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 private non-tech investment plummeting."
Here's the details:
Industrial Production
Industrial production (IP) growth rose modestly to 4.5% yoy from 4.1% yoy thanks to stronger-than-expected exports, although automobile output growth remained...
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Apr 24, 2026 / Tyler Durden
Jane Street Made A Record $40 Billion In Trading Revenue Last Year, More Than All Wall Street Banks
Jane Street Made A Record $40 Billion In Trading Revenue Last Year, More Than All Wall Street Banks
The 10am slam in bitcoin, which we documented virtually every days since 2024 may have ended once Jane Street got busted for insider trading in the Terraform collapse, but that doesn't mean that the Wall Street HFT trading giant slowed down. On the contrary: according to Bloomberg, Jane Street Group reeled in a Wall Street record $39.6 billion of trading revenue last year, more than any Wall Street bank.
According to the report,...
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Feb 22, 2026 / Tyler Durden
Jim Snow 2.0: Mamdani Requires Snow-Shovel Volunteers Show Two Forms Of ID, Social Security Card
Jim Snow 2.0: Mamdani Requires Snow-Shovel Volunteers Show Two Forms Of ID, Social Security Card
With 2-3 feet of snow predicted to hit New York City and New Jersey, NYC Mayor Zohran Mamdani has called on New York residents to volunteer as emergency snow shovelers.
"You too can become an emergency snow shoveler. Just show up at your local sanitation garage between 8am and 1pm tomorrow with your paperwork," he said during a Saturday press conference before the city's first blizzard warning in nine years.
🚨 NEW: Zohran Mamdani Calls on New Yorkers to Shovel...
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Mar 30, 2026 / Tyler Durden
China Flexes Robot Wolves With Machine Guns And A "Collective Brain"
China Flexes Robot Wolves With Machine Guns And A "Collective Brain"
Four years of hyperdevelopment, battlefield testing, and deployment of FPVs, ground robots, AI-enabled kill chains, and soon humanoid robots have permanently altered the course of the modern battlefield, as war technologies once viewed as 2030s-era weapons are being pulled forward into the present day and are now proliferating across battlefields stretching from the Eastern European theater to the Gulf theater, as Eurasia appears to be at war.
The latest reminder is that, regardless of the battlefield across Eurasia, there...
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