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2026-08-02

CENC recorded a magnitude-4.8 earthquake at 22:31 on Aug. 2 (Beijing time) in Xinghai county, Hainan prefecture, Qinghai (35.34°N, 99.50°E); focal depth 10 km.

CENC recorded a magnitude-4.8 earthquake at 22:31 on Aug. 2 (Beijing time) in Xinghai county, Hainan prefecture, Qinghai (35.34°N, 99.50°E); focal depth 10 km.
2026-08-02

Dongwu Securities says U.S. consumer credit delinquency rates have risen since the pandemic, with auto-loan and credit-card delinquencies near historic highs. The firm attributes much of the headline rise to technical factors — changes in statistical

Dongwu Securities says U.S. consumer credit delinquency rates have risen since the pandemic, with auto-loan and credit-card delinquencies near historic highs. The firm attributes much of the headline rise to technical factors — changes in statistical coverage and credit-rating migration — which amplify measured delinquency severity; alternative metrics such as new-delinquency (new-roll) rates do not show a broad, sustained deterioration in U.S. household credit. Still, Dongwu warns of persistent structural risk concentrated in subprime borrowers and lower-income households, leaving the lower end of a K-shaped recovery as a continuing vulnerability until full economic rebound.
2026-08-02

Iraqi media report an explosion at an ammunition depot at the Al-Taji military base north of Baghdad. The Iraq Security Media Cell said the blast was caused by elevated internal temperatures. The base is long used by US-led coalition forces. Official

Iraqi media report an explosion at an ammunition depot at the Al-Taji military base north of Baghdad. The Iraq Security Media Cell said the blast was caused by elevated internal temperatures. The base is long used by US-led coalition forces. Officials said there is no indication the incident was an attack; no further information on casualties has been released.
2026-08-02

An explosion occurred at an ammunition depot at the Al-Taji military base north of Baghdad, according to Iraqi media reports. The Iraqi Security Media Center stated that the explosion was caused by excessively high temperatures inside the Al-Taji cam

An explosion occurred at an ammunition depot at the Al-Taji military base north of Baghdad, according to Iraqi media reports. The Iraqi Security Media Center stated that the explosion was caused by excessively high temperatures inside the Al-Taji camp. The base has long been used by US-led coalition forces. Currently, there is no indication that the incident is related to an attack, nor is there further information regarding casualties.
2026-08-02

State Grid Co. said recent widespread heat drove record electricity loads across its operating area, with the North China and Northeast regional grids and provincial grids in Tianjin, northern Hebei, Jiangsu, Liaoning and eastern Inner Mongolia repea

State Grid Co. said recent widespread heat drove record electricity loads across its operating area, with the North China and Northeast regional grids and provincial grids in Tianjin, northern Hebei, Jiangsu, Liaoning and eastern Inner Mongolia repeatedly hitting new peaks between July 27-31. The company said it is prioritizing supply security, intensifying use of cross-provincial/trans‑regional transmission corridors, conducting inter-regional surplus‑deficit transfers and temporal-spatial load balancing, and tightening operational responsibilities and O&M while implementing a 24-item, six-area peak-summer supply plan to safeguard grid stability and reliable power for economic and residential demand.
2026-08-02

Valueworks CIO Charles Lemonides said a strong rebound in chip stocks after this selloff would not be surprising, but they are unlikely to lead the next phase of a bull market because they have already had their run. He noted Amazon and Microsoft las

Valueworks CIO Charles Lemonides said a strong rebound in chip stocks after this selloff would not be surprising, but they are unlikely to lead the next phase of a bull market because they have already had their run. He noted Amazon and Microsoft last week reiterated commitments to spend hundreds of billions of dollars on AI over the next year, much of it for data-center chips, but said the ensuing fundamentals are in doubt. Chip names, especially storage-focused firms, are highly cyclical and prone to boom‑and‑bust demand swings; many on Wall Street expect this cycle to be no different. Lemonides called the recent earnings surge unsustainable and flagged margin reversion toward historical norms as the key risk — the question is when that reversion occurs and how markets will price it.
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