Compasses, not maps: China is building a different type of AI
While Silicon Valley chases chatbots and AGI, China is building AI systems that sense and adapt to a dynamic world
SK Hynix’s IPO is really a bet on the future of AI
Investors once priced chip makers on margins, revenues and capacity; now they’re priced on splashy forecasts of the AI boom to come
Japanese government bonds have a three-body problem
Rate hikes, quantitative tightening and market messaging can steady the JGB market for a while, but none can change where the yen is headed
Mourning and celebration collide as Iran, US both claim victory
As Tehran buried its supreme leader and Washington marked 250 years, both nations trumpeted reasons to call the ceasefire a win
No, China did not manage to avoid a crash
Admirers of China’s economic system will not be deterred but now is not the time to be idolizing Beijing’s macroeconomic policy
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JULY 3, 2026
Signals beneath the noise
- Weak yen, strong resolve for Japan Inc.
- Germany’s quiet turn toward state capitalism
- Ukraine’s drone successes haven’t reversed Russia’s battlefield gains
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India ramps up nukes while China, Pakistan probe for holes
India’s nuclear warhead count is rising while China and Pakistan look to gray-zone tactics to blunt the deterrent
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Nuclear power is fueling a supercharged new space race
From interplanetary spaceships to lunar reactors, great power competition in space is increasingly nuclear‑powered
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