The Brutalist Report
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- Shenzhen-listed RoboTechnik, which claims to be the largest silicon photonics tool maker and whose stock is up 340% over the past year, files for a HK listing (Zinnia Lee/Forbes) [18m]
- US Bureau of Labor Statistics data: employment in 18 AI-exposed occupations fell 0.2% between May 2024 and May 2025, while the broader US labor market rose 0.8% (Matthew Boesler/Bloomberg) [4h]
- LA-based Fasset, which offers stablecoin-powered banking and cross-border payments services across Asia, Africa, and the Middle East, raised a $51M Series B (Krisztian Sandor/CoinDesk) [4h]
- Sources: Kalshi has probed and flagged 400+ suspicious trades YTD, more than 2x the number it investigated in all of 2025; Polymarket has seen a similar uptick (Anirban Sen/Reuters) [5h]
- South Korea's Hana Bank agrees to acquire a 6.55% stake in Dunamu, which runs South Korea's largest crypto exchange Upbit, for $672.5M from Kakao (Kwanwoo Jun/Wall Street Journal) [5h]
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- Mortgage and refinance interest rates today, May 16, 2026: Rates rise right along with Treasury yields [48m]
- HELOC and home equity loan rates Saturday, May 16, 2026: Rates remain low, but poised to rise? [48m]
- Best CD rates today, Saturday, May 16, 2026: Best account provides 4% APY [48m]
- Best high-yield savings interest rates today, May 16, 2026: Earn up to 4.1% APY [48m]
- Best money market account rates today, May 16, 2026: Best account provides 4.01% APY [48m]
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