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Iranian Woman Arrested In LA, Charged With Helping Iranian Regime Sell Drones

Iranian Woman Arrested In LA, Charged With Helping Iranian Regime Sell Drones

Authored by Jack Phillips via The Epoch Times (emphasis ours),

Federal officials arrested an Iranian woman at the Los Angeles International Airport on Saturday night for allegedly brokering weapons for the Iranian regime, officials said Sunday.

(Left) Shamim Mafi is arrested at Los Angeles International Airport for allegedly trafficking arms on behalf of the Iranian regime, on April 18, 2026. (Right) Shamim Mafi. U.S. Attorney’s Office of the Central District Of California

Shamim Mafi, 44, of Woodland Hills, California, is a green card holder, according to U.S. Attorney Bill Essayli in a post on X on Sunday.

Mafi was arrested at the Los Angeles airport “for trafficking arms on behalf of the government of Iran” and was charged in connection to the alleged selling “of drones, bombs, bomb fuses, and millions of rounds of ammunition manufactured by Iran and sold to Sudan,” he said.

“If convicted, she faces a statutory maximum sentence of 20 years in federal prison,” Essayli wrote. “Mafi is an Iranian national who became a lawful permanent resident of the United States in 2016.”

She is scheduled to make her first court appearance on Monday in the U.S. District Court in Los Angeles, he said.

A criminal complaint filed by federal officials in connection to the case said that Mafi allegedly facilitated a contract valued at more than 60 million Euros (around $70 million) for the sale of Iranian-made Mohajer-6 drones manufactured for the regime that were commissioned to be sold to Sudan. She also coordinated a Sudanese delegation to Iran and received around $7 million in payments.

She was also accused of brokering the sale of 55,000 bomb fuses to the Sudanese Ministry of Defense, according to prosecutors, who stated that Mafi did not attempt to obtain a license from the U.S. Treasury’s Office of Foreign Assets Control for the sales.

During interviews with U.S. Customs and Border Control officers and the FBI, Mafi acknowledged communicating with an officer of Iran’s Ministry of Intelligence and Security,” prosecutors said.

Mafi also allegedly told the FBI that she could provide “extensive information about the Iranian financial system and money laundering channels” that the Iranian regime uses, according to the complaint.

The arrest was made as the U.S. government increases economic pressure on Iran in the wake of a U.S.-Israeli campaign that included thousands of strikes inside the country since Feb. 28. The Trump administration, which initiated a naval blockade of Iranian ports last week, is sending a team to Pakistan Monday to hold more talks about a possible peace deal.

Treasury Secretary Scott Bessent told reporters at a White House briefing on April 15 that the United States plans to ramp up economic pain on Iran, and said the new moves will be the “financial equivalent” of a bombing campaign.

Bessent said the Trump administration has “told companies, we have told countries that if you are buying Iranian oil, that if Iranian money is sitting in your banks, we are now willing to apply secondary sanctions, which is a very stern measure. And the Iranians should know that this is going to be the financial equivalent of what we saw in the kinetic activities.”

That same day, the Treasury Department said it placed new sanctions on an Iranian oil smuggling network, including around two-dozen individuals, companies, and vessels that were using front companies to evade previous U.S. sanctions.

It’s not clear if Mafi has legal representation.

The Associated Press contributed to this report.

Tyler Durden
Mon, 04/20/2026 – 23:25

China To Import Record Amount Of US Ethane As Iran War Chokes Off Naphtha, LPG Supplies

China To Import Record Amount Of US Ethane As Iran War Chokes Off Naphtha, LPG Supplies

One year ago, in the immediate aftermath of Trump’s Liberation Day tariffs, there was a flurry of discussion over who is more reliant on whom: the US on Chinese rare earth materials, or China on US ethane output (see “Chinese Plastics Factories Face Mass Closure As US Ethane Supply Evaporates” and “Who Blinks First? China May Exempt Tariffs On US Ethane & Other Goods). Following the detente in the US-China trade war, that discussion was quietly relegated to the back of the line, however the time has come to bring it up again.

That’s because with the Iran war choking off traditional – and crucial – supplies, China is set to import a record volume of US ethane this month as petrochemical producers desperately seek alternative feedstocks for their operations. 

Shipments of US ethane are expected to rise to an all-time high of 800,000 tons in April, according to Chinese consultant JLC, which would be around 60% higher than the monthly average. Some companies can switch to using ethane, helping them offset disruptions to the supply of naphtha and liquefied petroleum gas from the Middle East after the effective closure of the Strait of Hormuz.

Ethane is a natural gas liquid primarily used to produce ethylene, a key building block for plastics, and China depends almost entirely on the US for supply. The product became a political flashpoint between Beijing and Washington last year after the US tightened export controls during a bitter trade war.

Of course, this means that if Xi plays the rare earth cards in his upcoming summit with Trump, the US president can retaliate by simply shutting down China’s plastics industry. 

US ethane has become the preferred alternative for China’s ethylene makers due to stable supply and lower cost, said Shi Linlin, an analyst with JLC. Profits to produce ethylene from ethane was tenfold that of naphtha as of April 15, which has been inflated by crude-linked pricing, JLC said.

A ramp-up of downstream production capacity has also lead to a pickup in demand for the gas. A new ethane unit developed by Wanhua Chemical Group and a multi-feed cracker unit by Sinopec Ineos (Tianjin) Petrochemical Co., have both supported higher imports this year, Shi added.

The International Energy Agency said last week that “petrochemical feedstocks display the most immediate effects of the war by far,” and that supply chains to Asia have been thrown into “disarray.” Japan has been forced to scramble for naphtha, tapping a range of suppliers including from the US and Africa.

In February, just before the war started, more than 50% of China’s naphtha imports and over 40% of its LPG purchases originated from Persian Gulf nations, according to Chinese government data. That supply chain has now been cut off for as long as the Strait of Hormuz is blocked. And while China may have a massive 1.5 billion oil barrels in strategic petroleum storage, it has no naphta or ethane, meaning its plastic industry is suddenly very much exposed. 

“The disruption around the Strait of Hormuz has really highlighted how exposed Asia is to Middle Eastern naphtha,” said Amber Liu, the head of Asia Petchem Analytics at ICIS. This year, naphtha-fed crackers have accounted for about 57% of China’s ethylene capacity, compared with 16% for ethane, she said.

China’s ethane buying spree comes ahead of President Donald Trump’s planned visit to Beijing in mid‑May, and US energy is expected to be part of the agenda. It could feature prominently if the Iran war continues to drag on. 

Tyler Durden
Mon, 04/20/2026 – 22:59

Iraq’s Ruling Pro-Iran Bloc Races To Choose PM, While US Rejects Main Candidates

Iraq’s Ruling Pro-Iran Bloc Races To Choose PM, While US Rejects Main Candidates

Via The Cradle

The US has suspended all funding and security coordination with Iraq, and shipments of dollars the Central Bank of Iraq (CBI), until a new Baghdad government acceptable to Washington is formed, Saudi state-owned Al-Hadath reported Monday.

The US is also conditioning continued security cooperation on the disclosure of those involved in the bombing of its embassy, the news channel added. 

President Trump previously with the current Prime Minister of Iraq Mohammed Shia’ al-Sudani

Nevertheless, on Monday, the CBI released a statement rejecting the Al-Hadath report. Since 2003, a decision issued by Coalition Provisional Authority (CPA) head Paul Bremer has required that all Iraqi oil revenues be paid into an account at the US Federal Reserve Bank of New York, giving the US the ability to control how many US dollars are returned to the CBI.

From that point until today, the Iraqi Ministry of Finance has had to submit funding requests to the US Treasury, which then approves or denies them based on its own criteria.

This monthly transfer of US dollars, flown into Baghdad in pallets of hard cash, determines Iraq’s ability to pay for basic needs such as salaries, food, and medicine.

Whenever Washington believes that Iraq is not aligned with US regional goals, including enforcing economic sanctions on Iran, Baghdad’s major trading partner and a source of natural gas for electricity production, these fund transfers can be delayed or reduced.

The Coordination Framework (CF), the largest parliamentary bloc of Shia parties, has not yet selected a prime minister nearly five months after securing a plurality in the latest elections.

Former prime minister Nouri al-Maliki, viewed by the US as “close” to Iran, was initially chosen to replace incumbent Prime Minister Mohammed Shia al-Sudani.

However, while Washington wants to replace Sudani, it also opposes Maliki’s return to power.

“Last time Maliki was in power, the Country descended into poverty and total chaos. That should not be allowed to happen again,” Trump wrote on his Truth Social platform after Maliki emerged as a candidate for prime minister in January.

“Because of his insane policies and ideologies, if elected, the United States of America will no longer help Iraq,” he said. If we are not there to help, Iraq has ZERO chance of Success, Prosperity, or Freedom. MAKE IRAQ GREAT AGAIN!”

Maliki was the prime minister in 2014 when ISIS conquered large swathes of Iraq, including the country’s second-largest city, Mosul.

Maliki received much of the blame for the loss of nearly one-third of the country’s territory to ISIS, which enjoyed covert support from the US military and Iraqi Kurdish leader Masoud Barzani.

The CF, which won 185 of 329 seats in the last election, must nominate a prime minister by April 26.

Tyler Durden
Mon, 04/20/2026 – 22:35

Data Analytics Company Palantir Publishes An Ideological Manifesto

Data Analytics Company Palantir Publishes An Ideological Manifesto

People on the far-left and far-right of the political spectrum rarely find any issue upon which they intersect and share common ground.  However, both sides have an almost religious fear of data analytics company Palantir.  Their reasons might be different but their reactions are similar. 

On the political left, Palantir is seen as Donald Trump’s data gestapo.  They hate the company because it has created tools used by DHS and ICE to track down illegal immigrants using welfare and medical subsidies information.  It has also been an active ally in producing strategic analysis for Israel for the war in Gaza and Lebanon.  Leftists argue that Palantir is a “genocidal” corporation and a technological harbinger of “fascism”. 

On the other side, libertarians view Palantir as the All Seeing Eye of Sauron – A precursor to total AI surveillance of the population.  They view former CEO Peter Thiel’s presence in the Trump Administration as a negative influence.  Other conservatives argue that the company’s relationship to Israel and its ties to the Trump Administration are more proof that the Israelis run the world. 

Palantir has recently posted a sort of manifesto, a list of values or principles linked to CEO Alex Karp’s book “The Technological Republic: Hard Power, Soft Belief, And The Future Of The West”.  Many of the ideas presented run more in line with libertarian or conservative principles, but they also deviate into areas that will surely ruffle feathers and elicit distrust.  At the very least, Palantir presents a platform for debate about the future and the growing influence of digital technology on politics and war.  

The first thing to note is that Palantir seems to be openly advocating for American exceptionalism, which, in an era of far-left multiculturalism and open borders socialism, is a positive.  One could question how far the company actually wants to take this exceptionalism?  Are we talking about America first, strong national borders and a defined cultural identity?  These things are mentioned positively by Karp in his book. 

But, there are also tinges of a dream; a dream of American empire.  Again, this is a vision that is antithetical to libertarians and leftists alike, for different reasons.  Leftists want to see America (and western culture in general) destroyed and replaced with a new multicultural world order.  Libertarians (and some conservatives) want to see the US cut itself off completely from international affairs and foreign entanglements. 

Leftists are malicious in their goals and libertarians are unrealistic in their goals, but is an American empire really the answer to disrupting and defeating the liberal cabal which is causing so much decay in the west?  Once we get past our initial distaste of the concept of hegemony, the idea deserves a fair debate.  We have already seen the true intentions of the progressive elites; so what should we do to stop them? 

By extension, Karp in his book also addresses the inherent rot of the progressive Utopian vision and rails against DEI, woke ideology and the moral relativism of the political left.  He laments the erosion of a shared American/Western identity due to multiculturalism and “deconstructionist” influences since the 1960s.

He argues, though, that the solution to this weakening of moral and cultural structures requires technological ambition and global leadership.  He calls for a purposeful, unapologetic national project centered on hard power.  This is not going to make woke leftists with notions of a worldwide communist system happy.  It’s certainly not going to inspire any approval from small government activists or anarchists. 

The Lord Of The Rings comparisons and “One Ring” memes will be rampant.      

Another interesting takeaway is Palantir’s call for “Universal Service” instead of a volunteer military.  This simply sounds like a return to the draft, though Karp’s rationale suggests that universal service would also require universal risk.  In other words, if the elites (along with anyone from the general population) can be sent into combat, then maybe there would be far less war in the future and far more respect for the political process.  

How this would be enforced, though, is the key question.  As history shows us, the elitist class has a knack for excusing itself from the risks associated with the wars they often start.    

When examining Palantir’s social and political concepts, one is actually reminded of the government depicted in Robert Heinlein’s book “Starship Troopers”, which is portrayed as almost “fascist” in the 1997 movie but is actually written by Heinlein as a limited representative democracy based on merit.  In other words, only the people who participate in military service and prove their merit are allowed to be citizens, to vote and to run for public office. 

This, of course, would end the idea of inherent rights.  That said, there is ample evidence that some subsections of the population simply do not deserve the right to vote, because of stupidity, suicidal empathy or sheer insanity.  This sounds like a shocking concept today, but make no mistake, this will be a very serious debate in the near future as the liberal order continues to lead the west into self destruction. 

     

Finally, Palantir assigns an almost omnipotent value to Silicon Valley, AI and software’s role in the future of society.  From crime reduction to warfare to cultural preservation, Karp asserts that AI will save the west.  This is highly questionable. 

AI has proven to be a valuable tool for data analysis, but the actual industrial, social and scientific benefits have been few and far between.  The research advantages are somewhat defined, but AI’s greatest strength is clearly in mass surveillance and potentially in automated weaponry.  These are prospects which almost no American is keen to applaud (we’ve all read 1984 and seen the “Terminator” films).          

At bottom, Karp and his associates at Palantir might be sincere in their goal of defeating the leftist agenda and preventing the collapse of the west.  But, one has to ask if the ends justify the means?  Is it really possible to wield the power of a technocratic surveillance state for good?  A meritocracy that encompasses the government along with the citizenry is a noble vision, but not if people’s basic rights are erased in the process. 

The survival of the nation cannot be the only goal.  By itself, the nation is meaningless.  It must be worthy of survival, and this requires Americans to stay true to the principles that founded it.  Of course, when faced with an existential war in which the enemy operates from within to sabotage the society and destroy its principles through insurgency, bending the rules might also be necessary.                

Tyler Durden
Mon, 04/20/2026 – 22:10

World’s Biggest Physical Oil Trader Warns Of Months Of Price Volatility

World’s Biggest Physical Oil Trader Warns Of Months Of Price Volatility

By Michael Kern of OilPrice.com

Seasonally lower demand ahead of the peak summer driving season and the continued turbulence in the Middle East could extend the violent oil price swings for months ahead, the top executive of oil trader Gunvor has told the Financial Times.

“It is a little bit of a more challenging, softer period that we need to be careful of,” Gary Pedersen, chairman and CEO of Gunvor Group, told FT in an interview published on Monday.

“Frankly, it could be very choppy,” commented on the oil market Pedersen, who took over the top job at one of the world’s biggest physical oil trading groups after a management buy-out in December 2025.

Before the big shake-up at the group, Gunvor was accused by the U.S. Treasury Department of being a Kremlin puppet and was denied a license to take over the international operations of Russia’s second-largest oil producer Lukoil, which the United States sanctioned last autumn.

The recent violent swings in oil futures prices were partly due to what Gunvor’s new head Pedersen attributed in the FT interview to a “masterclass” in political messaging from U.S. President Donald Trump.

Oil futures prices have sold off sharply several times in recent weeks following various comments from President Trump that a deal with Iran is imminent or the war is “very close to over”.

But oil futures markets haven’t fully priced in the major disruption to physical supply that has crashed with the closure of the Strait of Hormuz and the severely constrained Middle Eastern crude and fuel supply.

Physical crude supplies remain very tight as buyers across the world scramble for replacement of the oil from the Middle East, Gunvor’s Pedersen told FT.

In a sign that buyers are rushing to lock in supply, empty supertankers have left Asia en route to the U.S. via the Cape of Good Hope in one of the biggest queues of vessels ever seen at sea—ships sent to load U.S. crude.

Tyler Durden
Mon, 04/20/2026 – 21:45

Canada’s Prime Minister Doubles Down On Militant Anti-US Rhetoric

Canada’s Prime Minister Doubles Down On Militant Anti-US Rhetoric

Well before Mark Carney was elected as Canada’s Prime Minister in the wake of numerous scandals surrounding Justin Trudeau, critics noted that the candidate represented a far greater threat to Canada’s freedom largely because he is far more devious than Trudeau ever was. 

Carney is a central banker and high level World Economic Forum globalist well acquainted with the liberal “Reset” agenda, and it is no mistake that he has taken control of Canada at a time when European elites are pushing for an economic and geopolitical separation from the US.  The plan is obvious – To isolate the US in an effort to stop the spread of conservative and nationalist movements throughout the west.

In other words, the globalists/leftists are trying to build a new empire in a last-ditched scramble to prevent their liberal order from fading away.  Carney pretends as if they are breaking from the old system and starting something new by “calling out” the US.  In reality, it was the US that broke from the liberal system and refused to “go along to get along”. 

It was the US that refused to conform to the multicultural agenda, open borders, ESG and DEI politics, the transgender cult and the indoctrination of children with socialist and LGBT ideology, not to mention the fact that so many foreign nations have been feeding off US taxpayer dollars for decades through institutions like USAID.

Vast numbers of their own citizens are rebelling against liberal governments.  Movements to stop the multicultural agenda and mass immigration are gaining momentum. Right-wing political parties are quickly growing, inspired by conservative success against the woke cult in the US.   

The liberals are circling the wagons, and it would seem that Canada is meant to play a key role in this “new order”.  Prime Minister Mark Carney has been escalating his anti-US rhetoric since he entered office while threatening to build closer economic partnerships with hostile foreign entities like the CCP in China. 

As we asked after the Liberal Convention in Montreal, are Canadians being primed for an open conflict with the US?  The rhetoric coming from the nation’s liberal government is sounding increasingly aggressive, and not just in terms of economic separation.  In his latest “address to The nation”, Carney doubled down on his militant position, citing the history of Canada (including the War of 1812) as an ongoing battle against a “predatory” US.

It’s fascinating to see a globalist like Carney try to paint the US defense against European influences as if it this was an act of war against Canada (which did not become a country until 1867).  The war of 1812 was instigated by the British Empire after their Royal Navy interfered with US trade, stopping American merchant vessels on the high seas and kidnapping men they claimed were British subjects.  They then forced these American citizens to fight in their war against the French.

Estimates of kidnapped Americans range from 9,000–15,000 between 1793 and 1812. The 1807 Chesapeake-Leopard affair, where a British warship fired on a U.S. Navy frigate and seized sailors, nearly sparked war at the time and became a major flashpoint.  Finally, the British engaged in arming and instigating an insurgency among the native Indians in the Great Lakes region in order to terrorize US settlements. 

Canada was a controlled region of the elitist empire back then, just as it is today.

There is no US invasion of Canada today, but Carney is painting a narrative as if this is an imminent threat.  US tariffs have shaken Canada to its core.  Over 75% of the country’s exports are sold in US markets.  Their trade proximity made Canada one of the wealthiest nations in the world per capita and gave them one of the richest middle class populations in 2014-2015.  However, extreme-left wing policies have ruined Canada’s economic advantage. 

This was not the Trump Administration’s doing, it was their own doing.  Trump’s opposition to Canada is partly economic (Trump wants more trade parity), but it is also predominantly ideological.  They are, essentially, a woke/globalist enclave looming on the US border and it is clear that they intend to act as a foothold for the elites in North America. 

Carney’s rhetoric only reinforces the suspicion that there is an agenda afoot to isolate the US.  The problem is that Canada is already suffering from an unprecedented economic crisis, with inflation, high taxes and housing shortages crushing their middle class.  The threat is so great that provinces like Alberta are seriously considering secession.  Furthermore, there is no trade network on Earth that can possibly replace the highly lucrative arrangement Canada has had with the US. 

The Prime Minister’s efforts to stoke “national unity” among Canadians by painting the US as the “big bad wolf” is actually setting them up for disaster.   

Tyler Durden
Mon, 04/20/2026 – 21:20

USDA, US Army Break Ground On Texas Facility To Combat Flesh-Eating Parasite Spread

USDA, US Army Break Ground On Texas Facility To Combat Flesh-Eating Parasite Spread

Authored by Naveen Athrappully via The Epoch Times (emphasis ours),

U.S. officials broke ground for a New World Screwworm (NWS) sterile fly production facility in Texas to combat the flesh-eating parasites, which have spread across Mexico and pose a significant threat to America’s livestock, wildlife, and public health.

Located in Moore Air Base, Edinburg, the facility “is being built with an aggressive timeline designed to quickly expand the nation’s sterile fly production capacity,” the U.S. Department of Agriculture (USDA) said in an April 17 statement.

Initial operations are set to start from November 2027, hitting production of 100 million sterile flies per week. “Construction continues immediately beyond initial operations to scale full production capacity to 300 million sterile flies per week,” the department added.

NWS female flies lay eggs on orifices or wounds of warm-blooded animals, which later hatch into larvae. The larva burrows deep into wounds, feeding on the host’s flesh.

The wound grows larger as more eggs are hatched and more larvae feed into the flesh, with the animal eventually dying. A single female fly can lay up to 3,000 eggs in its lifetime. Large swarms of the parasites coming in from Mexico pose a significant threat to America’s livestock industry.

Currently, the closest active cases to the U.S.-Mexico border have been reported in the Mexican state of Nuevo Leon, located less than 70 miles from the border.

Swarms of NWS flies can be countered by releasing sterile male flies into the group. When male flies mate with females, they end up laying unfertilized eggs. Over time, the swarm diminishes, warding off the threat.

In its recent statement, USDA said it already produces sterile flies at a facility in Panama that outputs 100 million insects per week. Moreover, the agency has invested $21 million into a Mexican facility, which is set to become operational this summer.

The Moore Air Base facility, with its maximum output of 300 million sterile flies per week, boosts America’s efforts to counter the NWS threat.

A worker handles a tray with Mediterranean fruit flies inside a bio-factory as Mexico’s government reconditions a plant to become the new sterile screwworm fly facility, part of the country’s effort to eradicate the flesh-eating parasite, in Metapa de Dominguez, Mexico, on Oct. 17, 2025. Daniel Becerril/Reuters

The groundbreaking ceremony was led by Secretary of Agriculture Brooke L. Rollins, and commanding general of the U.S. Army Corps of Engineers (USACE) Lieutenant General William H. “Butch” Graham. USDA and USACE have cut red tape, secured expedited procurement, and eliminated other barriers to get the facility built.

“Breaking ground on this facility marks a major investment in safeguarding America’s livestock and the producers who feed this nation. This puts NWS sterile fly production in American hands, so we do not have to rely on other countries for the best offensive measure to push screwworm away from our borders,” Rollins said.

The New World Screwworm threatens the health of our herds, the stability of rural economies, and the resilience of our supply chain. President Trump and his entire cabinet is committed to leveraging every resource necessary to contain this pest, protect American agriculture, and ensure the long-term security of our food supply chain.”

As of April 2, the United States has imposed restrictions on the import of live animals—cattle, horses, and bison—from Mexico due to NWS parasites.

In addition to animals, NWS is also known to infect humans in rare cases.

According to an April 14 report from the Centers for Disease Control and Prevention, multiple such cases have been reported from outside the United States.

In 2023, Panama and Costa Rica identified an outbreak of NWS. Since that time, all countries in Central America and Mexico, where NWS was previously controlled, have identified cases in animals and people,” CDC said.

“As of April 14, 2026, these countries have reported nearly 168,000 NWS cases in animals and more than 1,700 cases in people.”

As for the United States, one confirmed NWS infection was found in a person who returned to the country from El Salvador.

New World Screwworm infection in humans is generally non-fatal if discovered early and treated.

However, if not caught early and treated, infestations can lead to extensive tissue damage and long-lasting severe pain in the case of nerve damage. Moreover, if the larvae burrow into vital organs, it can result in complications.

Symptoms in humans include pain, wound bleeding, foul-smelling odor around the infected site, and lack of natural healing, with the individual prone to sense the movement of larvae in the wounded area.

The CDC clarified that NWS flies have not been detected in the United States and that there is “no immediate risk of infestation to people.”

Tyler Durden
Mon, 04/20/2026 – 20:55

Beyond Chips: U.S. And China Enter Robotaxi Race As Physical AI Emerges 

Beyond Chips: U.S. And China Enter Robotaxi Race As Physical AI Emerges 

Last week, Goldman analysts led by Mark Delaney laid out a detailed roadmap for clients on how autonomous vehicles could reshape America’s highways through the 2030s, with a particular focus on “the impact of AI on profit pools.”

In a separate report, Goldman analysts led by Allen Chang covered the rapid expansion of China’s robotaxi fleet, highlighting how both superpowers now appear to be locked in a race to automate roads and highways

“We expect a strong ramp up of robotaxis in China, with the robotaxi fleet in China growing from 5k in 2025 to 14k in 2026E (+195% YoY),” Chang began the note.

He pointed out that this update on China’s robotaxi and robotruck fleet indicates that “Commercialization is speeding up, with several players achieving city-level break-even.”

“We are raising our robotaxi forecasts for 2025-2035E by 7%-25%. By 2035E, robotaxis should account for 36% of all ride-sharing vehicles,” Chang said.

The report also introduces forecasts for overseas robotaxi and robotruck markets, highlighting international expansion as an increasingly important revenue driver for Chinese companies, including WeRide, Pony AI, and Baidu.

Chang forecasts that robotrucks could emerge as a long-term growth market, with China’s fleet rising from 8,000 in 2026 to 760,000 by 2035.

The overall outlook for AV fleets in China suggests rapid deployment, growing fleet density, and broader global scaling. The analyst noted their stock plays on this emerging trend: robotaxi and robotruck players include WeRide (Initiation), Pony AI, Didi, and Baidu.

Circling back to Goldman analyst Delaney’s report on the U.S. robotaxi market last week. He noted that the market is set to top $19 billion by 2030, up from a prior forecast of $7 billion, and continue rising to $48 billion by 2035.

Taken together, the two reports suggest the AI race is no longer confined to data centers and chip stacks. It is now moving into the physical world, where autonomous vehicles, robotaxis, and AI-powered freight networks are emerging as the next major frontier between the two superpowers. On a side note, these AI-powered vehicles can be dual-use and will eventually end up on modern battlefields.

Professional subscribers can read the full China Robotaxi and US Robotaxi notes at our new Marketdesk.ai portal. 

Tyler Durden
Mon, 04/20/2026 – 20:30

The Best Money Advice Of All Time

The Best Money Advice Of All Time

Authored by Ellen Chang, Kerri Anne Renzulli, and Chris Taylor via Kiplinger’s Personal Finance,

Financial advice is everywhere these days. In the digital age, you can find insights and tips about how best to save, invest, and manage your money from adviser and financial services websites; YouTube, TikTok, and other social media platforms; podcasts, newsletters, and Substacks; and your 401(k) provider, among other outlets.

The challenge is figuring out the very best advice you could get for your circumstances. Dreamstime/TCA

Then there are all the traditional sources, such as your financial planner, newspapers and magazines, and even your dear Uncle Lou, who always has a money tip or two to dispense. (Yes, despite all the new founts of financial wisdom, Americans are still more likely to turn to family and friends for money advice than any other resource, a recent Gallup survey found.)

The challenge, of course, is figuring out whether any of the many financial recommendations you come across are actually the very best advice you could get for your circumstances. This is guidance that will not only help you manage your money wisely, but also provide perspective to keep you grounded, whatever opportunities, obstacles or challenges life throws your way.

That’s why we asked a diverse group of 35 top financial experts—acclaimed investors, advisers, money managers, economists, influencers and more—to share their very best advice. The essential question we put to them: Of all the many recommendations or insights about money you’ve given or received, what are the best, most meaningful or most impactful tips you want to pass along?

Their answers include not just practical suggestions on how to manage your money, but also insights that help put money and how we feel about it in perspective. We hope you find their responses as smart and useful—and, at times, surprising, moving and funny—as we did.

Managing Money

Stick With the Basics

“There’s no shortcut or hack, no easy button, no Amazon for your money that’s going to show up on your porch on Tuesday. You’ve got to do the work and do the journey: Live on less than you make. Invest regularly. Stay out of debt. It’s hard—that’s the bad news. The good news is that 100 percent of the time, it works.” Dave Ramsey, founder and CEO of Ramsey Solutions, cohost of “The Ramsey Show,” and author of “The Total Money Makeover” and other books

Be Your Own Best Advocate

“You don’t get what you deserve, you get what you negotiate. I’m not sure who told me this or where I heard it, but this insight has been living rent-free in my head for the past 25 years. It has led me to never assume I’m just going to be handed a raise, a financial break or a career opportunity. You have to work for it, be strategic and be your biggest advocate. It won’t always work, but you greatly increase your chances of success.” Farnoosh Torabi, host of the “So Money” podcast and author of the book “A Healthy State of Panic”

Get Help, When and as You Need It

“Money is a team sport. Many people think they have to navigate their finances all by themselves, or magically know everything just because they’re an adult. The older I’ve gotten, the more I realize there’s no way I can possibly know everything. So I ask a tax person about taxes—just like if I had something wrong with my eyes, I would go to an ophthalmologist.” Tiffany Aliche, founder of The Budgetnista, a personal finance education company, and author of “Get Good With Money”

Even ‘Good’ Debt Can Be Bad

“Be wary about taking on debt, even so-called ‘good debt.’ It’s a slow killer of financial dreams. Everyone talks about mortgages and student loans like they’re investments in your future, but any debt becomes bad debt when it’s excessive or you don’t have a clear payoff strategy.” Lynnette Khalfani-Cox, known as The Money Coach, is the author of “Bounce Back: The Ultimate Guide to Financial Resilience and founder of the Financial Influencer Network”

Let Your Values Be Your Guide

“Align your life and money so your money has assignments. Do the mindful work of discovering what you value most, then be intentional, strategic and systematic about where your money goes. You end up investing in more than markets, but also in meaning. When you manage your money holistically with your life, you stick to a financial life plan that helps you flourish.” — Dr. Preston Cherry, certified financial planner and founder, Concurrent Wealth Management; author of “Wealth in the Key of Life”

Think About the Broad Impact When You Make Money Decisions

“Think of money as a tool to invest in all aspects of your life. Financial planning is not just about numbers in your investment portfolio. It’s also about your relationships, your health, or even your ability to hire tutors for your kids. Bring financial decisions down to the level of how they will impact your everyday personal life, and use money as a tool to create a better quality of life.” Louis Barajas, CFP, and cofounder and CEO of International Private Wealth Advisors; author of “My Street Money”

Look Past the Math

“Sometimes I hear advice dispensed that makes good financial sense but doesn’t really consider a person’s peace of mind. For instance: Don’t pay off your mortgage early; if you can earn a higher rate of return on your money, then use it to invest instead. I completely understand the math behind that, but what people underestimate when dispensing that sort of one-size-fits-all wisdom is the peace-of-mind benefits people gain from being debt-free.” — Christine Benz, director of personal finance and retirement planning for Morningstar and author of “How to Retire”

Make Good Habits Automatic

“People give too much advice, like telling people to spend less, that relies on motivation and has a negative connotation, like you are somehow the problem. I prefer to create automatic systems so that doing the right thing with your money is the default. For example, my entire paycheck does not go directly to my checking account; I’ve signed up in advance to parse money out to my different accounts for retirement, my emergency fund and paying my bills. Then the balance goes into my checking account.” — Megan McCoy, certified financial therapist and acting personal financial planning program chair, Kansas State University

Marry Wisely

“This is unconventional, but my best advice is to pick the right life partner. That’s a decision you have to live with for the vast majority of your life, and you’re financially tied to that person. That person could be your biggest cheerleader, or they could hold you back. Choosing that person has a cascading effect over the rest of your life. If your partner is smart and savvy, you can hit your goals faster as a duo. But if they don’t respect their own finances, you’re going to have to climb twice as hard.” — Vivian Tu, author, founder and CEO of Your Rich BFF and chief of financial empowerment at SoFi

Family Finance

Be Open About Money

“It’s super important for partners to be honest with each other and share everything about their finances. A lot of couples have one personality who is more financially aware and one who is happy to let the other person take care of everything. But that can get dangerous when there is a death, disability or divorce. The person who didn’t do much financially may not even know what they own or where their assets are. I handle most of the investment decisions in my marriage, while my husband handles the bills, but we do an ‘audit’ once a year, where we review everything and make sure we both can log in to all our accounts. So, neither of us is living blindly, and we know how to do something the other does, if we need to.” Carolyn McClanahan, CFP and founder of Life Planning Partners

Don’t Keep Your Children’s Inheritance a Secret

“You shouldn’t be a lottery to your kids. It’s good for your children or heirs to know what money they’re going to get from you. One of the worst things you can do to a young or middle-age adult is to have them wonder what they’re going to receive, because then they can’t do their own financial planning.” Teresa Ghilarducci, labor economist and retirement security expert, professor at The New School for Social Research and author of “How to Retire with Enough Money”

Give With a Warm Hand

“With people living close to 100 years these days, it might not be the best practice to wait until death to leave an inheritance to your kids, who may be in their seventies and retired at that point. Maybe the best thing you could do for your children and grandchildren is to give some of that money to the parents when that baby’s first born. Then the parents have more resources to either get good day care or go to part-time work themselves to be able to invest more in these little ones when they really need it.” Laura Carstensen, founding director of the Stanford Center on Longevity and psychology professor at Stanford University

Explain Your Financial Choices

“Growing up, we didn’t talk about money in our household. If there was enough money, our parents didn’t talk about it. If there wasn’t, they would fuss and argue. With my own children, who are 11 and 15, I do the opposite; we talk about money in age-appropriate ways so they understand how and why we choose to spend our money. We almost never go out to eat, for example, so we can spend our money on travel and education, which are our priorities.” — H. Jude Boudreaux, a CFP and senior financial planner and partner at The Planning Center in New Orleans

Tyler Durden
Mon, 04/20/2026 – 20:05

US Nuclear Renaissance Finally Starts…? TNC Plans New South Carolina Reactor

US Nuclear Renaissance Finally Starts…? TNC Plans New South Carolina Reactor

The Nuclear Co. (TNC), a startup that emerged from stealth in 2024 as America’s full-stack nuclear project integrator, is preparing to propose one of the first large-scale conventional reactor builds in the United States in more than a decade. 

According to Bloomberg, the company could unveil plans as soon as this week for an AP1000 reactor at one of three potential sites in South Carolina. The move comes as surging electricity demand, fueled largely by AI data centers, forces utilities and developers to confront the limits of today’s grid.

TNC showed up with a design-once, build-many methodology and fresh Series A funding in hand as the firm opened its primary engineering and construction office in Columbia, SC, last year.

Governor Henry McMaster welcomed the move, which is expected to create more than 100 jobs while supporting a targeted 6-gigawatt fleet rollout. South Carolina already generates over half its electricity from nuclear power, boasts established infrastructure, a skilled workforce, and a state leadership clearly committed to expansion.

The timing feels both promising and painfully familiar:

  • -Just days ago we asked whether America sits on the verge of a nuclear renaissance

  • -We have chronicled the historic first federal approval for novel reactor technology

  • -The Washington facility is slated to host 12 Amazon-funded small modular reactors

  • -Nano Nuclear’s construction permit was submitted for its Kronos unit in Illinois

  • -We tracked the steady drumbeat of SMR licensing approvals 

  • -President Trump’s executive orders to fast-track small modular reactor development drew widespread applause

  • -We even reported on the national emergency declaration that positioned the U.S. government to purchase 10 large new reactors

Yet for all that…

China continues to lead with dozens of units under construction. Russia and India press forward while America’s own expertise has atrophied after a generation of near-total inactivity. Even Iran is building more nuclear plants than the US…

At least the US will have some really cool microreactors to play with, and they’ll only need 999 more of them to even come close to a single AP1000

The frustration deepens when one considers the $80 billion strategic partnership struck last October between Cameco, Brookfield, and the U.S. government to deploy Westinghouse reactors across the country.

Six months later, that headline figure has produced zero visible shovels in the dirt.

If the times really are changing and nuclear steel is about to get put into the ground, investors would do themselves some good to consider where the upside is in the construction of a new plant. Uranium prices are going to be more directly driven by the wider global supply-demand gap, not necessarily the reactor build itself, where fuel only accounts for roughly 5% of the cost of a new reactor. 

The most likely investment opportunity for a new nuclear facility rests in the construction companies, heavy equipment manufacturers, and service providers for the facility. Companies like Fluor, Amentum, Curtiss-Wright, Mirion Technologies, ATI, Flowserve, and Crane Company are just a few examples.
 

Tyler Durden
Mon, 04/20/2026 – 19:40