Markets
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Three Tires Blown, Suspect Flees Stolen Truck at Crawl: 90-Minute Police Chase
On July 19th in Los Angeles, a man stole a pickup truck, leading police on an unusually slow-speed chase after his tires were flattened by a spike strip. The suspect continued driving at approximately 5 mph, even running red lights and shouting at other drivers while police followed. The 90-minute pursuit ended when police strategically collided with the truck. The suspect surrendered, and no injuries were reported. The incident raised questions about resource allocation and disruption to the city.
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Samsung vs. BOE: Apple Responds, No Impact on iPhone
The U.S. ITC preliminarily ruled that BOE infringed on Samsung Display’s trade secrets, potentially leading to an import ban on BOE’s OLED panels. Apple, a customer of both companies, stated that current iPhones are unaffected. BOE is a potential supplier for the iPhone 16, and Samsung Display and LG Display could absorb BOE’s orders if the ban takes effect. Separately, BOE is suing Samsung over Galaxy devices, seeking import bans and damages. A final ITC ruling is expected in November.
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27-Year-Old Tofu Seller Becomes Internet Sensation: Village Elders Eagerly Await Her Stall
Li Fugui, a 27-year-old tofu seller from Xinxiang, has gained internet fame in China for her videos showcasing her work and rural life. Starting her day at 5 a.m., she delivers tofu and other necessities to elderly residents in rural villages. Beyond selling goods, Li assists the elderly, helping them with tasks and connecting them with family. Her videos highlight the beauty of the countryside and her genuine community care, resonating with viewers who appreciate her authenticity and hard work.
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GOODYEAR Donates Historic Blimp Gondola to EAA Museum for Children’s Exhibit
Goodyear is donating its last-remaining GZ20 blimp gondola to the EAA Museum for a children’s exhibit as part of its blimp program’s centennial. The gondola, which served on the *Europa* and *Stars and Stripes* blimps, will inspire future aviation enthusiasts. Goodyear is also offering a limited-edition collectible featuring a piece of the *Spirit of Goodyear* blimp, with proceeds benefiting the EAA Museum. Goodyear is showcasing its aviation tires and blimps at EAA AirVenture Oshkosh 2025.
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Korean BBQ Joint Charges $10+ for Single Slice of Fat, Sparking Outrage
A South Korean BBQ restaurant on Ulleung Island is facing backlash after a blogger revealed alleged price gouging, charging a premium for fatty pork belly. The video went viral, sparking outrage among locals and tourists who accuse the restaurant of exploiting visitors. This incident highlights the need for tourists to be cautious, verify prices, and clarify fees before ordering to avoid negative experiences on the otherwise scenic island destination.
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The End of “Free” Food Delivery: Subsidies Cool Down
China’s food delivery subsidy war is likely winding down. Reports indicate a decrease in the massive discounts that previously characterized the market. While coupons are still available, the period of heavily subsidized deliveries, sometimes offering meals for free, appears to be ending.
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Bayhorse Silver: Assays Yield 0.61% Copper Average over 1.5 Meters at Bayhorse Silver Mine, Oregon
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Football Fan Detained for Abusive Tirade Against Wei Shihao’s Family; CFA Condemns Incident
Tianjin Jinmen Tiger beat Chengdu Rongcheng 2-1 in a Chinese Super League match marred by fan misconduct. In the 85th minute, Chengdu Rongcheng’s Wei Shihao argued with Tianjin fans, leading to a CFA reprimand of the Tianjin venue and a
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CoreWeave Announces Intention to Offer $1.5 Billion of Senior Notes
CoreWeave (Nasdaq: CRWV) announced a private offering of $1.5 billion in senior notes due 2031, guaranteed by its subsidiaries. The AI hyperscaler intends to use the proceeds to repay debt and cover expenses, bolstering its position in the expanding AI infrastructure market. The offering targets qualified institutional buyers and non-U.S. persons, adhering to securities regulations. CoreWeave provides cloud solutions for accelerated computing and cautions investors about forward-looking statements, advising due diligence and consulting SEC filings.
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Cities Explore New Revenue Streams for Public Buses: Daytime Passengers, Nighttime Deliveries
Nanjing’s No. 503 bus line now offers “SF Half-Day Delivery,” transporting goods alongside passengers to expedite deliveries. This “bus-plus-delivery” model aims to improve efficiency by leveraging existing infrastructure. Several cities have experimented with similar initiatives due to declining ridership and increasing financial difficulties. This collaboration between public transport and express delivery could reduce costs and improve last-mile delivery. However, concerns exist regarding regulations, driver workload, and the suitability of passenger vehicles for cargo transport.