Good morning. Did you hear about China’s robocop? The 6-foot-2-inch droid, deputized by the authorities in Hangzhou, is more mall cop than terminator (its limited duties include waving traffic and admonishing jaywalkers). But following Wednesday’s blockbuster IPO of Unitree, a Chinese robotics company whose shares popped 460% on their first day trading, it’s clear that…
Russian President Vladimir Putin said on November 22, 2024 that Moscow would carry out more tests of the hypersonic Oreshnik ballistic missile in “combat conditions,” a day after firing one on Ukraine. POOL/AFP via Getty Images As Ukrainian drones have disrupted Russian logistics and struck military and industrial targets hundreds of miles inside Russia, the…
The bookends of California Gov. Gavin Newsom’s nearly eight years in office have been defined by a crucial question: Who should cover the cost of damage from wildfires caused by utility equipment? The most destructive wildfire in state history, a blaze that killed 85 people and destroyed more than 18,000 buildings in Northern California, started two days…
In a world where seemingly no one is immune to the impacts of AI on the workforce and an increasingly stiff job market, ultra-high net worth people are starting to have the same concerns as middle-class and low-income families: Will my kid be able to get a job and support themself? “Billionaires have the financial…