Markets
-
Boeing 737 Suffers Landing Gear Collapse in Kunming, Blocking Runway
On July 14th, a Myanmar National Airlines Boeing 737-800 (XY-ALV), flight UB805 from Yangon, experienced a landing incident at Kunming Airport, damaging its right main landing gear. All passengers deplaned safely with no injuries reported. The airport’s emergency response plan was activated, and operations have returned to normal after the aircraft was removed. The 15.6-year-old aircraft, previously with Garuda Indonesia, joined Myanmar National Airlines in May 2022. The incident highlights the importance of aviation safety and maintenance.
-
Aquablation Therapy Receives Category I Code in 2026 Medicare Proposed Physician Fee Schedule
PROCEPT BioRobotics’ Aquablation therapy received a Category I CPT code (52XX1), effective January 1, 2026, replacing the previous Category III code. The 2026 Medicare Proposed Physician Fee Schedule assigns 16.14 RVUs to Aquablation, translating to a $540 average payment, slightly exceeding TURP’s $529. This milestone reflects Aquablation’s clinical value and aims to broaden adoption by urologists, expanding patient access. Proposed payment rates are subject to a public comment period, with the Final Rule expected in November 2025.
-
China’s Household Savings Hit Record High in H1 2024 Despite Falling Interest Rates
China’s economic data for H1 2025 reveals a recovery, with increased aggregate social financing and new RMB loans. Household deposits surged to a record 162.02 trillion yuan, a 7.42% increase, while household loan growth slowed significantly since 2021 due to real estate market weakness. Despite declining interest rates, household deposits continue to rise, with the growth rate accelerating compared to the previous year.
-
Nvidia CEO Jensen Huang Rejects Claims of AI Use Leading to Cognitive Decline: “I Use It Every Day, and It’s Improved Me”
Nvidia’s CEO Jensen Huang disputes an MIT study claiming AI usage reduces cognitive abilities. The study suggests that relying on AI like ChatGPT impairs brain activity and critical thinking. Huang, a daily AI user, argues his cognitive skills are improving. He emphasizes AI as a learning tool that enhances critical thinking by prompting users to ask insightful questions and validate information. He advocates for actively engaging with AI to stimulate thought processes rather than passively accepting outputs. Huang believes the correct AI application can enhance cognitive capabilities.
-
GECC Announces Q3 2025 Financial Results
Global Education Communities Corp. (GECSF) reported improved Q3 2025 financial results with stable revenue at $16.842M and a net income of $1.323M, a significant turnaround from Q1. Adjusted EBITDA surged to $6.805M. GECC is converting mortgages to lower-interest loans and secured rezoning for increased property density. The GEC Oakridge project is on track for early 2027 completion, and an educational asset divestiture is expected this month. While a net loss attributable to shareholders remains, GECC focuses on efficiency, reduced interest expenses, and strategic development.
-
Li Auto’s Frugality: CEO Li Xiang Models for Cars, Shoots in Company Park
Li Auto’s CEO Li Xiang’s appearance in promotional photos sparked online discussions about the company’s frugality. Instead of elaborate setups, Li Auto uses its own campus for vehicle unveilings to save costs and improve efficiency. While prioritizing cost control in non-core areas like marketing events and travel, Li Auto continues to invest heavily in crucial technologies like battery tech and smart cabin systems, demonstrating a strategic balance between investment and spending.
-
SF Express Locates Delivery Points at Bus Stops: Couriers Save 30 Minutes
SF Express is partnering with public transit in China to optimize last-mile delivery. By establishing distribution points in bus stations, like the new Chengdu service, delivery times are reduced by an average of 30 minutes. The station aims to handle over 2,000 packages daily, servicing a wide area. In Zhengzhou, SF Express is piloting using idle bus capacity for overnight package transport. Automation and integrated logistics hubs are further enhancing efficiency and coverage, suggesting a broader integration of logistics into urban infrastructure.
-
Dave Announces Promotion of Kyle Beilman to CFO & COO
Dave (NASDAQ:DAVE) has appointed Kyle Beilman as Chief Financial Officer and Chief Operating Officer, effective July 11, 2025. Beilman previously contributed significantly to the company’s financial success, profitability, and operational efficiency. CEO Jason Wilk highlighted Beilman’s strategic leadership and impact across multiple departments. Dave is a leading U.S. neobank providing disruptive banking services.
-
Baxter Declares Quarterly Dividend
Baxter International Inc. (BAX) declared a quarterly cash dividend of $0.17 per share, payable on October 1, 2025, to stockholders of record as of August 29, 2025. This establishes an indicated annual dividend rate of $0.68 per share. Baxter, a global medtech leader, provides a wide array of healthcare solutions. The release also contains cautionary statements regarding forward-looking financial projections and potential deviations in dividend payouts.
-
Spa Monarch at Monarch Casino Resort Spa Nominated for USA Today 10Best Readers’ Choice Award
Spa Monarch, at Monarch Casino Resort Spa (MCRI) in Black Hawk, Colorado, is nominated for USA TODAY’s 10Best Readers’ Choice Awards (Best Hotel Spa) for the third year. Following top rankings in previous years, the spa introduces Ayurvedic-inspired and high-altitude recovery treatments, like Healing Sound Massage and Mountain Climber Massage. It’s the only Colorado hotel spa on the list. Public voting is open from July 14th to August 11th. The resort also features dining, a hotel, and a rooftop oasis.