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China Test-Launches Nuclear-Capable Ballistic Missile In Pacific, Alarming Neighbors

China Test-Launches Nuclear-Capable Ballistic Missile In Pacific, Alarming Neighbors Via The Cradle The Chinese navy on Monday test-launched a strategic missile from a nuclear submarine in the Pacific Ocean in the framework of its annual military exercises. "At 12.01pm on July 6, a strategic nuclear submarine of China's People's Liberation Army Navy successfully launched a... strategic missile carrying a training simulation warhead into the relevant high seas of the Pacific Ocean," spokesperson Wang Xuemeng said in a statement posted on WeChat. via Reuters "This missile test launch is a routine arrangement of China's annual...
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Jun 25, 2026 / Tyler Durden
European Rearmament Efforts Snuffed By Chinese Control Of Critical Materials
European Rearmament Efforts Snuffed By Chinese Control Of Critical Materials Yesterday we reported that, in a tit-for-tat move, China announced it is targeting US rare earths firms in response to a Pentagon list of Chinese firms: this, as Rabobank noted, is largely a symbolic move, but it still underlines the tensions in this area. So does the Nikkei reporting that ‘China minerals control threatens EU rearmament, as bloc seeks new sources’: because, as Rabo's Michael Every notes, even if you can afford a dagger, you can’t make it without rare earths, and...
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Jun 11, 2026 / Tyler Durden
AI Price Wars Begin: OpenAI Considers "Drastic Price Cuts" In Pursuit Of Anthropic Customers
AI Price Wars Begin: OpenAI Considers "Drastic Price Cuts" In Pursuit Of Anthropic Customers Earlier today, in a report discussing how "AI bills are out of control", JPMorgan tech guru and TMT salesman, Mark Schilsky wrote that "most of my high level investor discussions focus on one major topic: when will the party end? Put another way, tech investors have made so much money in Semis so quickly that they are looking for potential warning signs that the music is about to stop. Predicting such an end is incredibly difficult. As...
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May 8, 2026 / Tyler Durden
US Jobs Jump 115K, Smashing Estimates; Umemployment Rate Unchanged At 4.3%
US Jobs Jump 115K, Smashing Estimates; Umemployment Rate Unchanged At 4.3% In his preview of today's NFP report, Goldman's Delta One head wrote that "NFP almost feels like a sideshow at this point. You can argue weak labor data gives a Warsh led Fed enough cover to cut, but with oil and input inflation still elevated there’s also an argument that a weakening labor market alongside a constrained Fed is actually the more difficult combination for risk assets." With that in mind, moments ago the BLS reported that in April the...
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