The US Economy In A Nutshell: Privatize The Gains, Socialize The Costs
Authored by Charles Hugh Smith via OfTwoMinds blog,
· Tyler Durden
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Newest first · UTC+11:00Tax revenue up 19% in May on higher income, bullish stock market
South Korea's tax revenue shot up nearly 19 percent in May from a year earlier due to higher incomes and the recent bullish run in the stock market, data showed Tuesday.
· Yonhap
Hong Kong positioned to link Asean, Greater Bay Area amid geopolitical shifts: John Lee
At SCMP’s GBA-Asean Summit, city leader stresses that the two regions have what it takes to form a ‘powerful and complementary partnership’
· Connor Mycroft
Hong Kong positioned to link Asean, Greater Bay Area amid geopolitical shifts: John Lee
At SCMP’s GBA-Asean Summit, city leader stresses that the two regions have what it takes to form a ‘powerful and complementary partnership’
· Connor Mycroft
Hong Kong IPOs ride China’s tech wave, but Nasdaq leads way with SpaceX tsunami
With Chinese technology giants fuelling an ‘A-to-H’ listing boom, Hong Kong appears to be on the rise as their ‘fundraising venue of choice’
· Julie Zhang
Hong Kong IPOs ride China’s tech wave, but Nasdaq leads way with SpaceX tsunami
With Chinese technology giants fuelling an ‘A-to-H’ listing boom, Hong Kong appears to be on the rise as their ‘fundraising venue of choice’
· Julie Zhang
Sean Manaea aids trade deadline stock with solid showing as Mets fall to Blue Jays
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· Mike Puma
Tax revenue up 19 pct in May on higher income, bullish stock market
SEOUL, June 30 (Yonhap) -- South Korea's tax revenue shot up nearly 19 percent in May from a year earlier due to higher incomes and the recent bullish run in the stock market, data showed Tuesday.
· Kang Yoon-seung
S. Korea, Mongolia to hold 6th round of talks for CEPA
SEOUL, June 30 (Yonhap) -- South Korea and Mongolia will kick off their sixth round of negotiations for a bilateral comprehensive economic partnership agreement (CEPA) this week, in line with efforts to seek mutually beneficial growth, the trade ministry said Tuesday.
· Kang Yoon-seung
Jordan Bardella allies plan to soften Marine Le Pen’s pension promise
PARIS — As Jordan Bardella edges closer to possibly replacing Marine Le Pen as France’s far-right presidential candidate, he is taking aim at one of her key economic promises.
· Marion Solletty
Burnham vows to grow economy by taking powers out of London
Former Manchester Mayor Andy Burnham has pledged to radically devolve fiscal powers away from Westminster and deliver “good growth” in every part of the U.K. if he succeeds in his bid to replace Keir Starmer as prime minister.
· Lucy White
Outgoing UK PM Starmer to unveil long-awaited defence investment plan
LONDON, United Kingdom — Outgoing Prime Minister Keir Starmer will on Tuesday finally announce his long-delayed plan for funding Britain's future defense needs, with increased money for drones and autonomous systems.
· Agence France-Presse
LA Angels have power to control MLB trade deadline
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· Thomas L. Murray
Corporate titan pleads guilty over 'absolute shocker' drunken crash
Tue 30 Jun 2026 at 11:21am
· Adelaide Miller
Corporate titan pleads guilty over 'absolute shocker' drunken crash
Tue 30 Jun 2026 at 11:21am
· Adelaide Miller
A US champion of ‘freebirthing’ always claimed there had been no maternal deaths linked to the movement. Is Stacey Warnecke the first?
Guardian investigation exposes full links between a US business linked to baby deaths around the world and Australian ‘birth keeper’ Emily Lal, the central witness at the inquest into the death of a Melbourne wellness influencer
· Sirin Kale, Melissa Davey
S. Korea's overseas direct investment up 36 pct in Q1
SEOUL, June 30 (Yonhap) -- South Korea's overseas direct investment shot up 36 percent in the first quarter of 2026 from a year earlier, data showed Tuesday, led by the financial and insurance sector.
· Kang Yoon-seung
Hong Kong beauty operators warn tighter rules may deal ‘blow to our trade’
Gym industry rep says sector generally welcomes measures but calls for higher caps on contract amounts
· Emily Hung
Hong Kong beauty operators warn tighter rules may deal ‘blow to our trade’
Gym industry rep says sector generally welcomes measures but calls for higher caps on contract amounts
· Emily Hung
EY staff allegedly access Anthony Albanese's banking information
Topic:Financial Services
· Nicholas Mcelroy
High-profile private equity boss faces court following car crash
Joel Thickins, the local boss of one of the world’s largest private equity firms, TPG Capital, fronted local court this morning after allegedly crashing his car into five vehicles in Sydney’s eastern suburbs earlier this month.
· Colin Kruger
Apple supplier Luxshare seeks up to $3.1 billion in Hong Kong share sale
Apple supplier Luxshare Precision Industry plans to raise as much as $24.27 billion Hong Kong dollars ($3.1 billion) through a Hong Kong share sale, according to a stock exchange filing Tuesday.
· Lee Ying Shan
Shanghai should step up as finance hub, as Hong Kong ‘not enough’, proposal says
Mainland hub is needed to ‘fully meet the special needs’ of Chinese firms expanding abroad, institute leader says in closed-door meeting
· Judy Xue
Shanghai should step up as finance hub, as Hong Kong ‘not enough’, proposal says
Mainland hub is needed to ‘fully meet the special needs’ of Chinese firms expanding abroad, institute leader says in closed-door meeting
· Judy Xue
China’s EV boom driven by local governments, not Beijing’s industrial policy, study finds
The new research comes as the Chinese and EU trade chiefs meet in Brussels to discuss trade tensions fuelled, in part, by electric vehicles
· Frank Chen
China’s EV boom driven by local governments, not Beijing’s industrial policy, study finds
The new research comes as the Chinese and EU trade chiefs meet in Brussels to discuss trade tensions fuelled, in part, by electric vehicles
· Frank Chen
Clippers eye former Finals MVP as Kawhi Leonard trade talks heat up
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· Ryan Anderson
Heliot Ramos’ return to force Giants hand at MLB trade deadline
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· Evan Webeck
SoCal luxury housing market suddenly booms as thousands of millionaires are crowned overnight
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· Justin Choi
Homes harder to sell as high mortgage rates frustrate buyers
Three in five homes listed for sale since January remain on the market, according to property portal Zoopla, as high mortgage rates frustrate potential buyers.
· Bbcnews
(URGENT) Industrial output declines, retail sales rebound in May
(2nd LD) S. Korea to build semiconductor cluster in southwest with 800 tln won in corporate investment
· Kang Yoon-seung
The power shift: Why the tide could be turning for Perth homebuyers
Perth’s property market appears to be slowly swinging in favour of buyers instead of sellers.
· Indigo Lemay-Conway
Supplements sold online through major retailers recalled nationwide over potential salmonella risk
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· Fox Business
Hong Kong must keep an eagle eye out for wildlife traffickers
The discovery of dozens of exotic animals in a flat in Sham Shui Po highlights the need to step up enforcement against the illegal wildlife trade
· SCMP Editorial
Hong Kong must keep an eagle eye out for wildlife traffickers
The discovery of dozens of exotic animals in a flat in Sham Shui Po highlights the need to step up enforcement against the illegal wildlife trade
· SCMP Editorial
Waymo and Uber end robotaxi pilot in Phoenix
Waymo automated vehicle rides are no longer available via the Uber app in Phoenix, Arizona, the companies confirmed on Monday.
· Lora Kolodny
Guy takes a drink for every place that went out of business at Third Street Promenade: ‘RIP Santa Monica’
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· Sheetal Banchariya
(EDITORIAL from Korea Times on June 30)
Regional revival via megaprojectsTransparency and credibility key to massive AI chip investment
· Oh Seok-min
1 July changes: minimum wage rises, Centrelink indexation, payday super, parental leave and everything else coming for the 2026–27 financial year
New financial year will also see a tax cut, more anti-price-gouging measures and SMS sender ID changes designed to protect against scam texts
· Ima Caldwell
ASX headed for cautious start, Wall Street jumps as AI-related stocks rebound
Topic:Financial Markets
· David Chau
Rate On China's New Overnight Liquidity Tool Comes Below Estimates, Hints At Imminent Easing
Last week we showed four China-linked charts which made it very clear that, laughable flatlined 5% GDP notwithstanding, China's economy appears to be on the verge of yet another collapse (explaining the unprecedented drop in both Chinese oil imports and refining output): between autos, real estate, banks and overall…
· Tyler Durden
Jimmy Butler’s agent pushes back on Warriors trade rumors amid Anthony Davis buzz
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· randerson.consultant@californiapost.com, Ryan Anderson
Long-delayed defence spending plan to be published on Tuesday, with focus on drone warfare
The defence investment plan will be published on Tuesday, around nine months latter than expected
· Bbcnews
"Thanks For The Mammaries": Hooters Shutters Every Location In Four Blue States
Iconic chicken-wing chain Hooters, famous for buxom waitresses wearing skimpy orange and white uniforms, appears to be throwing in the towel on its 35-year struggle to stay politically incorrect.
· Tyler Durden
Ja Morant getting traded to Blazers by Grizzlies, AP source says
Memphis Grizzlies guard Ja Morant (12) plays in the second half of an NBA basketball game against the Atlanta Hawks Jan. 21, 2026, in Memphis, Tenn. (AP Photo/Brandon Dill, File)
· Tim Reynolds
Corporate direct financing dips 11 pct in May on decreased debt sales
SEOUL, June 30 (Yonhap) -- Corporate direct financing fell sharply in May from the previous month due to a fall in bond sales, data showed Tuesday.
· Park Sang-soo
How major US stock indexes fared Monday 6/29/2026
U.S. stocks rose and recovered some of their losses from a rare losing week.
· The Associated Press
LI voters all worry about economic pain — but can’t agree which specific issue is worse: new poll
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· Brandon Cruz