Chapter I. The Panic and Its Genesis: Fluctuations in American Business, 1815–21

China Sentences Evergrande Founder To Life In Prison Five years after Chinese property development firm Evergrande Group collapsed under the weight of enormous debt, founder Xu Jiayin was sentenced to life in prison on Thursday. Xu Jiayin, also known as Hui Ka Yan, founder of property developer Evergrande, appears for sentencing at the Shenzhen Intermediate People's Court in Shenzhen, China, on Aug. 20, 2026. Shenzhen Intermediate People's Court /Xinhua via AP Xu (Hui Ka Yan in Cantonese), 64, pleaded guilty in April to fundraising fraud, illegally taking public deposits, illegally extending loans, bribery, fraudulently...

Largest US Power Grid On Verge Of Cracking Due To Historic Heat Dome Summary: PJM Grid Mix Now Dominated By NatGas, Nuclear, Coal Washington, DC Temps Expected To Push Into Low Triple Digits PJM Warns Power Demand Could Test 2006 Record High PJM Declares Emergency To Reduce Blackout Risk PJM Grid May Test 2006 Record  Cooling demand across PJM Interconnection's operating area will surge today and into late week as tens of millions of households and businesses crank up air conditioners to stay cool under the emerging heat dome. The spike in power demand is...

Key Events This Week: CPI, PPI, Earnings Start And Warsh Speaks This week markets will navigate the latest complex geopolitical news amid a barrage of news including the latest US inflation data, with September CPI on Wednesday and PPI on Thursday, the final readings before the Fed’s October 28 meeting, alongside a broader US activity pulse from retail sales (Thursday) and industrial production (Friday). After Columbus Day today where US bond markets will be closed but equities open, Q3 US earnings season also gets properly under way tomorrow, led by...