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China's DRAM Giant CXMT Gets Final Nod For Largest Mainland IPO Since 2022
China's DRAM Giant CXMT Gets Final Nod For Largest Mainland IPO Since 2022
Chengxin Memory Technology, China’s leading maker of DRAM (dynamic random-access memory) chips, has had its initial public offering approved by the country’s securities watchdog, clearing the way for the Chinese mainland’s biggest stock market listing since 2022.
CXMT’s registration to go public on Shanghai’s Nasdaq-style Star Market became effective on June 12. The Hefei-based company is planning to raise CNY29.5 billion (USD4.4 billion) by issuing 10.6 billion shares, which would also make it the Star Market’s second-largest IPO.
As...
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Apr 7, 2026 / Tyler Durden
NY Fed: Inflation Expectations Jump, Driven By Surging Gas
NY Fed: Inflation Expectations Jump, Driven By Surging Gas
Ahead of Friday's CPI report, inflation fears are already rising, with the NY Fed's latest monthly survey of consumer expectations reporting that Inflation expectations at the one-year horizon were higher at 3.42% in March from the previous month’s 3.00%, matching the highest since April '25. Inflation expectations also increased by 0.1% to 3.1% at the three-year-ahead horizon, and were unchanged at 3.0% at the five-year-ahead horizon in March.
The jump in year-ahead expectations was driven by a surge in gas inflation which rose 5.3%...
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Mar 14, 2026 / Tyler Durden
North Korea Fires 10 Ballistic Missiles, Flexing During US Regional Drills
North Korea Fires 10 Ballistic Missiles, Flexing During US Regional Drills
It's obvious that 'wars of choice' never get launched against nuclear-armed powers, and countries like North Korea want to keep it that way, given it is already treated like a 'rogue' state by the West.
Saturday saw Pyongyang engage in more muscle-flexing, as its military fired about 10 ballistic missiles toward the eastern sea, according to South Korea's military said, staging its own show of force as the rival South conducts a joint military exercise with the United States.
Japan's Defense Ministry...
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May 1, 2026 / Tyler Durden
Top US General Signals Russia Is Helping Iran In War
Top US General Signals Russia Is Helping Iran In War
Authored by Jack Phillips via The Epoch Times,
The highest-ranking U.S. general on Thursday signaled that the Russian government is assisting the Iranian regime in its war with the United States.
In comments before Senate Armed Services Committee, Gen. Dan Caine, the head of the Joint Chiefs of Staff, responded in an affirmative manner to a question from the panel’s chairman, Sen. Roger Wicker (R-Ala.), about whether there is Russian involvement.
“General Caine, there’s no question that Vladimir Putin’s Russia is taking serious...
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