After Blockbuster IPO, China's Memory Giant CXMT Plans Second Chip Plant In Beijing

Beige Book: Economic Activity Picked Up In 11 Of 12 Districts; Only San Fran Flat As "Employers Invested In AI" In a modest support of the Fed's recent hawkish pivot, the latest Beige Book released today notes that economic activity across the US improved moderately, increasing at a slight to moderate pace in eleven of twelve Federal Reserve Districts in late May and June, while one District (San Francisco) reported no change. The pace of growth was ever so slightly better than that reported back in June when activity expanded...

Houthis Issue Video Of Saudi F-15 Shootdown, As Ground Clashes Intensify In Yemen Update(1135ET): The Houthis have released new footage which appears to confirm the earlier Saudi F-15 jet shootdown, with aircraft falling in the Marib area. The footage shows militants celebrating near the wreckage. Below is the clip as released by Ansar Allah officials, which has since been given confirmation by some foreign and international outlets. It suggests that the Houthis have locally-made ability to down advanced aircraft, which should seriously worry Riyadh and Washington. مشاهد نوعية لإسقاط طائرة مقاتلة سعودية...