Meta Cuts Employee Stock Options 5% to Fund AI Investments
Meta's massive investments in AI to catch up with industry leaders had already resulted in 2025 cuts to both staff and to employee stock grants.
Business
Solar Panels Shift to Copper on Surging Silver Prices
Rising silver prices is inducing solar panel producers to switch to a metal with lower conductivity but costs 99.5% less.
US Trade Deficit Hit Record in December Despite Trump Tariffs
A 32.6% leap in the trade deficit to a new record suggests Trump's so-called Liberation Tariffs actually merely stifled US exports while failing to discourage ...
DoorDash Surges on Unstoppable Demand for Food, Grocery Delivery
A 32% jump in Q4 orders by consumers willing to pay for convenience spurred an 11% premarket jump in DoorDash shares.
California Fights US for EV Incentives As Carmakers Write Off EV Investments
California leads 12 states looking to put an end to smoggy summers by fighting Trump's crusade to crush EV sales and encourage petroleum use.
US Credit Card Balances, Borrowers Jumped 10% in 2025
Total unsecured loan balances surged to $276 billion in 2025 as 2 million more struggling lower-income consumers used their credit cards to meet household expenses.
Jobless Claims Drop Suggests US Labor Market May Avoid Freefall
The past week's claims eases fears that the disruptions caused by Trump tariffs and mass deportations would continue to erode economic growth.
China Scheme to Reroute Global Trade Around US Boosted by Trump Tariffs
Since Trump began his tariff offensive China began its own offensive to build trade ties that reduce the world's reliance on the US economy.
3 Viet Airlines Ink Deals for $30 Billion for 90 Boeing Jets
Negotiations for a US-Vietnam trade deal has produced orders for various Boeing 787-9 Dreamliners as well as 737s.
Fei-Fei Li's World Labs Raises $1 Billion for Spatial Intelligence Development
The spatial AI pioneer's funding round included investments from Nvidia, AMD, Autodesk and Emerson Collective, among others.
Food Giants Invest in Health Rebranding Amid GLP-1 Weight-loss Trend
Snack makers shorten ingredient lists and reduce pack sizes to accommodate a surge in consumers taking appetite-suppressing drugs.
Geely Committed to Supporting Sweden's Polestar in Global Growth Strategy
Polestar rolls out updates of its top-selling Polestar 2 sedan and the Polestar 4 SUV models to boost European sales as its Chinese parent Geely ...
Uber to Invest $100 Million to Build Charging Hubs for Robotaxis
The charging hub buildout will begin the SF Bay Area, Los Angeles and Dallas before expanding out to other cities.
US Exports to China Dismal Says Port of LA Director
Trump tariffs provoked retaliation by other nations, causing January US export volume to contract to the lowest level in 3 years.
Drop in Undocumented Immigration Hurts Job Growth for US Citizen Workers
Job growth rose from 2021 and fell from March 2024 in total lockstep with levels of undocumented migration.
General Mills Cuts 2026 Forecast on Shift to Generics, Weight-Conscious Habits
Packages food companies are feeling the impact of lower-income consumers coping with inflation by switching to bargain-brand alternatives and changing eating habits by the weight-conscious.
Italian Imports' 7% Rise in 2025 Despite Tariffs Bespeaks US K-Shaped Economy
Accelerating income growth of upper-middle-class and wealthy Americans gave Italian imports a surprising boost despite Trump's 15% EU tariffs.
Luxury Stock Prices Reflect AI Jitters, Hedge Fund Action
Shares of luxury companies are seen as a barometer of the fortunes of wealthy Americans as reflected in US stock indexes.
China Smelter Profits Surge on Sulphuric Acid Demand
Rising demand for sulphuric acid for mining and lithium-iron batteries combined with loss of Russian capacity to give China's copper smelters a huge windfall.
Alibaba Releases Quen 3.5 for Independent Work Across Desktop and Mobile
The upgrade to China's number 3 AI model is touted to be 8 times faster at processing large workloads and 60% cheaper to use than ...
Hedge Funds Made Record Bet on Asia Stocks
Global hedge funds sold off tech stocks on AI bubble fears but pumped billions into Asian markets, causing big gains in Asian stock indexes.
Volkswagen to Cut Costs 20% by 2028 to Cope with Chinese EVs
The plan calls for 35,000 jobs to be cut by 2030 by reducing management positions and consolidating production platforms.
US Withdraws List of Chinese Firms Linked to Military
The list filled with China's top tech companies was withdrawn an hour after it was posted, suggesting efforts to maintain a workable trade truce with ...
China Biotechs Enjoy Surge in Licensing to Foreign Pharmaceutical Firms
Drugmakers across the world are looking to China's swelling drug development pipeline to license new molecules at lower cost.
Taiwan's 2026 Growth Forecast Doubles on AI Boom
Taiwan's GDP is expected to rise to 7.71%, over twice the 3.54% projected in November, due to the island nation's central role in fabricating AI ...
Start of Year Price Increases Kept Inflation Rising in January
The consumer price index is estimated to have rises about 0.3%, considerably higher than the target 0.2%, keeping another Fed rate hike off the table.
GE Jet Engine Repair Hub Turns to Robots, AI to Boost Volume
GE Aerospace's Singapore repair hub tackles the surging volume of engine repairs by training robots to handle some of the most demanding processes.
Rivian Prospects Rise on Sales of Affordable R2 Model
A 53% jump is forecast for 2026 on optimistic prospects for the $45,000 R2 small SUV.
Americans Pay Virtually All of Trump Tariffs Says New York Fed
The finding that Americans pay for 90% of all tariffs refute the President's assertion that they're borne by foreign companies.
Hermes Sales Growth Strong As China Economy Regains Footing
Hermes US sales jumped 12.1% while China rose 8.4% in 2025, suggesting the contagion from the property market meltdown has been contained.
Samsung Ships HBM4 in Push to Catch AI Memory Leader SK Hynix
The global memory chip leader had fallen behind domestic rival SK Hynix in producing high-bandwidth memory for AI data centers.
Middle Powers Network to Build Investible Alternative to US
Trump tariffs and erratic policies motivate European and Asian nations to form economic alliances that make the US less central to global finance.
ByteDance's AI Video Generator Creates Another DeepSeek Moment
The Seedance 2.0 AI model impresses Silicon Valley as more powerful evidence that China has become a true rival to the US in creating advanced ...
Softbank Posts 4th Straight Quarterly Profits on OpenAI Gains
Masayoshi Son's Japanese tech-investment group took on more debt to increase its $30 billion bet on the US AI pioneer.
Apple Defies China 23% January Smartphone Sales Plunge
While domestic rival Xiaomi Freefell 36%, the iPhone 17 series gave Apple upward momentum.
Weekly Jobless Claims Stay Elevated, Suggesting Job Growth Remains Weak
New claims for jobless benefits totaled 227,000 last week, dashing hopes that job growth was accelerating based on January figures.
2025 Job Creation Plunged to One-Eighth of 2024
The US added only 181,000 jobs in 2025, about an eighth of the 1.46 million jobs created in 2024, according to revised Labor Department stats.
Hyundai Shares Surge As Robotics Push Takes Shape
The deployment of Boston Dynamics robot dogs at a UK nuclear power plant and the resignation of its CEO spurred a 6% jump in Hyundai ...
Chinese Carmakers Doubled Europe Market Share
BYD, Geely and Chery were the Chinese carmakers with the biggest sales gains in Europe during 2025 thanks to low prices and attractive EV models.
xAI Co-Founders Tony Wu, Jimmy Ba Join Exodus
Half of xAI's 12 co-founders, which includes Elon Musk, have departed amid tensions following the merger with SpaceX and Musk's push to catch up with ...
Barbie-Maker Sees Cautious Consumers, Lowers Profit Forecast
Mattel missed Q4 estimates and lowered full-year profit forecast below Wall Street projections, aims to build entertainment portfolio after Barbie Movie success.
China Tightens Oversight to Create 'Slow Bull' Market
Anxious to avoid boom-bust cycles that produced the Great Recession of 2008 in the US, Beijing signals its intention to implement enforcement and cooling measures ...
Marriott Co-Branded Card Sees 35% Jump, Insatiable Demand for Luxury Travel
In yet another sign the the US economy has become K-shaped, the hospitality industry is reporting a surge of affluent travelers seeking luxury accommodations even ...
December Retail Sales Unexpectedly Flat on Decline in Big-Ticket Items
Autos, furniture and consumer electronics sales dipped in December, suggesting consumer fatigue amid rising goods and services costs.
Ferrari Shares Surge on New Models, May EV Debut
The Milan-based sportscar maker will launch 5 new models this year, including the Luce EV to encouraging early customer interest.
Korean Entertainment AI Startup to Expand to US Market, Plans 2028 IPO
Wrtn goes beyond AI chatbots to provide real-time AI generation of novels, images and audio in real time to put the user into the action ...
Amazon to Launch Platform for Publishers to Sell Content for AI Use
The marketplace would leverage Amazon's relationships with publishers to allow AI firms to buy the right to use their content.
Waymo Goes Fully Autonomous in Nashville
As the robotaxi race heats up, Google-backed Waymo appears to be keeping the lead at least in the US with its partnership with Lyft in ...
Japan Business Bankruptcies Rise on Labor Shortage, High Wages
Labor scarcity resulting from restrictive immigration policies has created a dire labor shortage in Japan that has caused a 5.6% rise in January bankruptcies over ...
BYD Sues US for Tariff Refund
The first such suit by a Chinese carmaker challenges Trump's invocation of sweeping tariff powers without congressional approval.
Meta Cuts Employee Stock Options 5% to Fund AI Investments
Meta's massive investments in AI to catch up with industry leaders had already resulted in 2025 cuts to both staff and to employee stock grants.
Solar Panels Shift to Copper on Surging Silver Prices
Rising silver prices is inducing solar panel producers to switch to a metal with lower conductivity but costs 99.5% less.
US Trade Deficit Hit Record in December Despite Trump Tariffs
A 32.6% leap in the trade deficit to a new record suggests Trump's so-called Liberation Tariffs actually merely stifled US exports while failing to discourage ...
DoorDash Surges on Unstoppable Demand for Food, Grocery Delivery
A 32% jump in Q4 orders by consumers willing to pay for convenience spurred an 11% premarket jump in DoorDash shares.
California Fights US for EV Incentives As Carmakers Write Off EV Investments
California leads 12 states looking to put an end to smoggy summers by fighting Trump's crusade to crush EV sales and encourage petroleum use.
US Credit Card Balances, Borrowers Jumped 10% in 2025
Total unsecured loan balances surged to $276 billion in 2025 as 2 million more struggling lower-income consumers used their credit cards to meet household expenses.
Jobless Claims Drop Suggests US Labor Market May Avoid Freefall
The past week's claims eases fears that the disruptions caused by Trump tariffs and mass deportations would continue to erode economic growth.
China Scheme to Reroute Global Trade Around US Boosted by Trump Tariffs
Since Trump began his tariff offensive China began its own offensive to build trade ties that reduce the world's reliance on the US economy.
3 Viet Airlines Ink Deals for $30 Billion for 90 Boeing Jets
Negotiations for a US-Vietnam trade deal has produced orders for various Boeing 787-9 Dreamliners as well as 737s.
Fei-Fei Li's World Labs Raises $1 Billion for Spatial Intelligence Development
The spatial AI pioneer's funding round included investments from Nvidia, AMD, Autodesk and Emerson Collective, among others.
Food Giants Invest in Health Rebranding Amid GLP-1 Weight-loss Trend
Snack makers shorten ingredient lists and reduce pack sizes to accommodate a surge in consumers taking appetite-suppressing drugs.
Geely Committed to Supporting Sweden's Polestar in Global Growth Strategy
Polestar rolls out updates of its top-selling Polestar 2 sedan and the Polestar 4 SUV models to boost European sales as its Chinese parent Geely ...
Uber to Invest $100 Million to Build Charging Hubs for Robotaxis
The charging hub buildout will begin the SF Bay Area, Los Angeles and Dallas before expanding out to other cities.
US Exports to China Dismal Says Port of LA Director
Trump tariffs provoked retaliation by other nations, causing January US export volume to contract to the lowest level in 3 years.
Drop in Undocumented Immigration Hurts Job Growth for US Citizen Workers
Job growth rose from 2021 and fell from March 2024 in total lockstep with levels of undocumented migration.
General Mills Cuts 2026 Forecast on Shift to Generics, Weight-Conscious Habits
Packages food companies are feeling the impact of lower-income consumers coping with inflation by switching to bargain-brand alternatives and changing eating habits by the weight-conscious.
Italian Imports' 7% Rise in 2025 Despite Tariffs Bespeaks US K-Shaped Economy
Accelerating income growth of upper-middle-class and wealthy Americans gave Italian imports a surprising boost despite Trump's 15% EU tariffs.
Luxury Stock Prices Reflect AI Jitters, Hedge Fund Action
Shares of luxury companies are seen as a barometer of the fortunes of wealthy Americans as reflected in US stock indexes.
China Smelter Profits Surge on Sulphuric Acid Demand
Rising demand for sulphuric acid for mining and lithium-iron batteries combined with loss of Russian capacity to give China's copper smelters a huge windfall.
Alibaba Releases Quen 3.5 for Independent Work Across Desktop and Mobile
The upgrade to China's number 3 AI model is touted to be 8 times faster at processing large workloads and 60% cheaper to use than ...
Hedge Funds Made Record Bet on Asia Stocks
Global hedge funds sold off tech stocks on AI bubble fears but pumped billions into Asian markets, causing big gains in Asian stock indexes.
Volkswagen to Cut Costs 20% by 2028 to Cope with Chinese EVs
The plan calls for 35,000 jobs to be cut by 2030 by reducing management positions and consolidating production platforms.
US Withdraws List of Chinese Firms Linked to Military
The list filled with China's top tech companies was withdrawn an hour after it was posted, suggesting efforts to maintain a workable trade truce with ...
China Biotechs Enjoy Surge in Licensing to Foreign Pharmaceutical Firms
Drugmakers across the world are looking to China's swelling drug development pipeline to license new molecules at lower cost.
Taiwan's 2026 Growth Forecast Doubles on AI Boom
Taiwan's GDP is expected to rise to 7.71%, over twice the 3.54% projected in November, due to the island nation's central role in fabricating AI ...
Start of Year Price Increases Kept Inflation Rising in January
The consumer price index is estimated to have rises about 0.3%, considerably higher than the target 0.2%, keeping another Fed rate hike off the table.
GE Jet Engine Repair Hub Turns to Robots, AI to Boost Volume
GE Aerospace's Singapore repair hub tackles the surging volume of engine repairs by training robots to handle some of the most demanding processes.
Rivian Prospects Rise on Sales of Affordable R2 Model
A 53% jump is forecast for 2026 on optimistic prospects for the $45,000 R2 small SUV.
Americans Pay Virtually All of Trump Tariffs Says New York Fed
The finding that Americans pay for 90% of all tariffs refute the President's assertion that they're borne by foreign companies.
Hermes Sales Growth Strong As China Economy Regains Footing
Hermes US sales jumped 12.1% while China rose 8.4% in 2025, suggesting the contagion from the property market meltdown has been contained.
Samsung Ships HBM4 in Push to Catch AI Memory Leader SK Hynix
The global memory chip leader had fallen behind domestic rival SK Hynix in producing high-bandwidth memory for AI data centers.
Middle Powers Network to Build Investible Alternative to US
Trump tariffs and erratic policies motivate European and Asian nations to form economic alliances that make the US less central to global finance.
ByteDance's AI Video Generator Creates Another DeepSeek Moment
The Seedance 2.0 AI model impresses Silicon Valley as more powerful evidence that China has become a true rival to the US in creating advanced ...
Softbank Posts 4th Straight Quarterly Profits on OpenAI Gains
Masayoshi Son's Japanese tech-investment group took on more debt to increase its $30 billion bet on the US AI pioneer.
Apple Defies China 23% January Smartphone Sales Plunge
While domestic rival Xiaomi Freefell 36%, the iPhone 17 series gave Apple upward momentum.
Weekly Jobless Claims Stay Elevated, Suggesting Job Growth Remains Weak
New claims for jobless benefits totaled 227,000 last week, dashing hopes that job growth was accelerating based on January figures.
2025 Job Creation Plunged to One-Eighth of 2024
The US added only 181,000 jobs in 2025, about an eighth of the 1.46 million jobs created in 2024, according to revised Labor Department stats.
Hyundai Shares Surge As Robotics Push Takes Shape
The deployment of Boston Dynamics robot dogs at a UK nuclear power plant and the resignation of its CEO spurred a 6% jump in Hyundai ...
Chinese Carmakers Doubled Europe Market Share
BYD, Geely and Chery were the Chinese carmakers with the biggest sales gains in Europe during 2025 thanks to low prices and attractive EV models.
xAI Co-Founders Tony Wu, Jimmy Ba Join Exodus
Half of xAI's 12 co-founders, which includes Elon Musk, have departed amid tensions following the merger with SpaceX and Musk's push to catch up with ...
Barbie-Maker Sees Cautious Consumers, Lowers Profit Forecast
Mattel missed Q4 estimates and lowered full-year profit forecast below Wall Street projections, aims to build entertainment portfolio after Barbie Movie success.
China Tightens Oversight to Create 'Slow Bull' Market
Anxious to avoid boom-bust cycles that produced the Great Recession of 2008 in the US, Beijing signals its intention to implement enforcement and cooling measures ...
Marriott Co-Branded Card Sees 35% Jump, Insatiable Demand for Luxury Travel
In yet another sign the the US economy has become K-shaped, the hospitality industry is reporting a surge of affluent travelers seeking luxury accommodations even ...
December Retail Sales Unexpectedly Flat on Decline in Big-Ticket Items
Autos, furniture and consumer electronics sales dipped in December, suggesting consumer fatigue amid rising goods and services costs.
Ferrari Shares Surge on New Models, May EV Debut
The Milan-based sportscar maker will launch 5 new models this year, including the Luce EV to encouraging early customer interest.
Korean Entertainment AI Startup to Expand to US Market, Plans 2028 IPO
Wrtn goes beyond AI chatbots to provide real-time AI generation of novels, images and audio in real time to put the user into the action ...
Amazon to Launch Platform for Publishers to Sell Content for AI Use
The marketplace would leverage Amazon's relationships with publishers to allow AI firms to buy the right to use their content.
Waymo Goes Fully Autonomous in Nashville
As the robotaxi race heats up, Google-backed Waymo appears to be keeping the lead at least in the US with its partnership with Lyft in ...
Japan Business Bankruptcies Rise on Labor Shortage, High Wages
Labor scarcity resulting from restrictive immigration policies has created a dire labor shortage in Japan that has caused a 5.6% rise in January bankruptcies over ...
BYD Sues US for Tariff Refund
The first such suit by a Chinese carmaker challenges Trump's invocation of sweeping tariff powers without congressional approval.
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