Samsung to Make Tesla's Advanced AI Chips in Texas
Samsung's next-gen 2-nanometer chip plant in Texas will be used to make advanced AI chips for Tesla's self-driving feature in a deal valued at $16.5 ...
Business
Jason Kim's Firefly Seeks $5.5 Billion IPO Valuation
As the first commercial firm to achieve a soft landing on the moon, Firefly is aiming to become a truly end-to-end space transport service.
ICE Raids Scare Off Legal Migrants from Construction Projects
The construction industry is suffering from ICE raids that scare off not only the 1.4 million undocumented migrants working in construction but also many working ...
US, EU Reach Trade Deal for 15% Tariffs Across the Board
The deal ends crippling uncertain and satisfies Trump's idiosyncratic desire to use tariffs as a revenue source even though the burden falls on US consumers.
Investors React to US-EU Tariff Deal with Relief but Disquiet
Even as the investment community gives a sight of relief at the certainty critical for business planning, it is deeply uneasy about the long-term implications ...
Huawei Unveils AI System Rivaling Nvidia's Most Advanced
The CloudMatrix 384 is a match for Nvidia's GB200NVL72 which uses its most advanced B200 chips.
Japan's $550 Bil. Trade Deal Kicker Can Be Used for Taiwanese Chipmaker
Japan's trade negotiator clarifies that the $550 bil. inbound US investment committed by Japan can be used for 3rd-nation firms that may be crucial for ...
World's No. 3 Carmaker Sees Tariffs as Opening for More US Growth
Kia and Hyundai expect to gain US market share as rivals are forced to raise prices due to tariffs.
Tesla Tops Chinese EVs in China Self-Driving Test
A test sponsored by the Chinese government and TikTok owner Bytedance shows Tesla's Model X and Model 3 beating out 35 Chinese EV models on ...
Obesity Molecule from China's Sciwind May Be Licensed by US Drugmaker
Sciwind's injectable GLP-1 molecule called ecnoglutide achieved results comparable to Wegovy and Zepbound in Chinese testing.
China's Unitree Slashes Price on New Humanoid Robot
China's leading robotics firm slashes the price of its latest model by 60% from last year's heavier model.
Repairs of Banned Nvidia GPUs Surge in China
Despite a longstanding ban on exports, China sees growing demand for companies that repair gray-market advanced Nvidia AI GPUs.
China's "Instant Retail" Price War Raises Fears of Deflationary Spiral
Meal and merchandise delivery under an hour combined with "zero-yuan" price competition is seen as producing a destructive retail environment in which there are only ...
Strong Earnings Growth in AI Sector, Struggle in Others
Companies serving the AI race are enjoying stellar earnings but those serving consumers see tariff uncertainty taking a toll.
$1 Bil Worth of Nvidia AI GPUs Smuggled into China
Stringent US export controls couldn't keep China's black marketeers from smuggling in $1 billion worth of high-end B200 GPUs for building AI models and server ...
China's BYD to Assemble Cars in Pakistan
The world's leading EV maker expects to begin assembling EVs in Pakistan starting in the summer of 2026 to tap new regional growth opportunities.
Hyundai Q2 Earnings Take Hit from Tariffs, Sees More Pain in Q3
Hyundai joins GM, Stellantis and Tesla in reporting a profit downturn due to higher costs caused by tariffs.
S. Korea Sees US Shipbuilding Renaissance As Bargaining Chip in Tariff Talks
US ambition to build up shipbuilding capacity would benefit from joint ventures with top Korean shipymakers like Hanwha Ocean and HD Hyundai.
Neuralink Plans 20,000 Surgical Implants per Year
Five clinics implanting three devices will drive $1 billion annual revenues by 2031 according to investor documents released by Elon Musk's Neuralink.
Tokenization Is the Next Big Thing in Finance — Or Not
Holding and trading fragments of underlying assets using blockchain-based tokens may revolutionize global finance, or it could prove to be its undoing by injecting unnecessary ...
US Big Three Carmakers Feel Handicapped by Japan Tariff Deal
American cars assembled in Mexico and Canada face higher tariffs than those imported from Japan.
Dollar Down 6.6% Since April, Slips on Japan Tariff Deal
Sliding of the dollar index suggests investors believe Trump's tariff machinations poise the US economy for weakness.
Alibaba's Open-Source AI Coder Said to Equal Anthropic, OpenAI
One of China's leading tech giants has released an open-source AI coding model said to outperform those of DeepSeek in agentic AI coding tasks.
Trade Deal Lowers Japan Auto Tariffs Below Mexico, Canada
The agreement would favor imports from Japan over those of US companies assembling vehicles in Mexico and Canada.
Trump Plans About Face on Some US AI Policies with Push for Exports
Policies that hurt aggressive AI exports are deprecated in a Trump plan to promote open source AI development and unbridled export of American AI technology.
GM Takes $1 Bil. Hit from Tariffs
Far from boosting US industry, Trump's tariffs are taking a heavy toll on the supply-chain efficiencies built up over decades by US manufacturers.
Stellantis Taps China's Leapmotor EVs to Spearhead Push into South Africa
South African demand for low-end EVs can be met profitably by a carmaker known for its sub-$18,000 all-electric SUV equipped with lidar technology.
Google Gemini, OpenAI Gold Medal in Math Olympiad, Advancing AI
The successful deployment of AI models to solve five out of six math problems at the International Mathematical Olympiad suggests a great leap forward in ...
Korea's Apple Farmers Fear Being Sacrificed in US Trade Talks
South Korea's famous apples are too pricey to compete against US imports if floodgates are opened in an effort to spare auto and electronic exports ...
China Still Keeps Antimony, Germanium Exports to a Strategic Trickle
US production of weapons and semiconductors are hampered by tight Chinese control over two strategic elements despite a trade deal that has freed up other ...
$116 Bil. May Inflows into Euro Zone Debt Suggests Jitters About US
Trump's erratic threats of irrational tariffs and destructive migrant deportations have given foreign investors reason to be concerned for US economic stability.
China Rare-Earth Magnet Exports Septuple in June
Pacts to loosen trade-war restrictions on both sides have allowed rare-earth magnet exports to surge toward normal levels from May lows.
Hua Fung Teh Says ONE Championship IPO in Works
A US exchange is being considered for an IPO for Group ONE Holdings, according to its co-founder and president.
Crypto Stocks Jump on House Passage of Stablecoin Bill
A bill to legitimize dollar-pegged stablecoins under the SEC regulatory framework has created euphoria in the blockchain ecosystem.
Chinese Robotics Firm Unitree Begins IPO Process
Economically productive humanoid robots with AI-enabled brains is the focus of Unitree's R&D.
China Gets Around High Steel Tariffs with Billets
Semi-finished steel blocks face only a fraction of the tariff levels of finished steel products, allowing billets to be exported profitably to many key steel ...
Top AI Talent Poached by Meta in Zuckerberg Quest for Superintelligence
Asian AI researchers make up the bulk of talent poached from other AI leaders.
Jiajun Zhu's Nuro Self-Driving Tech, Lucid Cars Picked for Uber Robotaxi Venture
Uber plans to launch a robotaxi service in 2026 with SUVs from troubled EV-maker Lucid and self-driving technology from startup Nuro.
June Retail Sales Beat Expectations Amid Dread of Coming Tariffs
Anticipating higher prices when full tariffs kick in, US consumers made purchases to stay ahead of tariffs, driving up June retail sales.
China Spy Agency Targets Illicit Rare Earth Shipments to US
Infiltration and espionage targeting "critical" mineral sector by foreign spy agencies has become the focus of China's State Security as it tries to maintain tight ...
China's Hailanyun Data Center Stays Cool Underwater
To cut the huge amounts of electricity used to cool data centers, a Shanghai-based company is putting its data centers under coastal waters.
Putin's High War-Footing Interest Rates Cause Debt-Service Distress
Diverting productive capacity to war production made Russian interest rates soar, greatly increasing business debt burden and prompting more distressed asset sales.
Chinese Undersea Telecom Cable Tech to Be Banned by US
Citing national security concerns the FCC plans to issue rules prohibiting connections to Chinese-made undersea cable technology.
Fed Outlook Pessimistic on Loss of Migrant Labor, Rising Tariff Impact
Businesses complain to the Federal Reserve about growing difficulties from loss of immigrant labor and disruptions as more tariffs go into effect.
Nvidia H20 GPU for China Sees Huge Demand on Pending US License Approval
Nvidia's dumbed-down H20 AI GPU for the China market is expected to receive billions of dollars in orders as the US government is set to ...
Geely Takes Premium EV Brand Zeekr Private at $6.83 Bil. Valuation
In the face of intensifying EV competition in China Geely seeks operational efficiency by taking full control of the brand that showcases its cutting-edge EV ...
Weight-Loss Drug from Kailera Partner Jiangsu Hengrui Aces Late-Stage Trial
Jiangsu's KAI-9531, licensed by US-based Kailera, helped patients achieve big body weight loss in late-stage study, paving way for lower-cost GLP-1 drugs in US.
Consumer Prices Jumped in June on Tariffs Despite Flat Service Prices
The impact of tariffs on various consumer goods caused the CPI to increase at the highest rate in five months despite flat or lower costs ...
Nvidia Sees Huge Demand as China GPU Sales Set to Resume
Pending export license approval will let Nvidia resume satisfying the nearly insatiable demand for its GPUs from Chinese tech giants and AI startups.
China's Economy Keeps Growing on Pay Cuts and Side Hustles
Downward pressure from weak consumer demand and tariffs is being offset by widespread sacrifices in the form of lower pay and more hours at side ...
Samsung to Make Tesla's Advanced AI Chips in Texas
Samsung's next-gen 2-nanometer chip plant in Texas will be used to make advanced AI chips for Tesla's self-driving feature in a deal valued at $16.5 ...
Jason Kim's Firefly Seeks $5.5 Billion IPO Valuation
As the first commercial firm to achieve a soft landing on the moon, Firefly is aiming to become a truly end-to-end space transport service.
ICE Raids Scare Off Legal Migrants from Construction Projects
The construction industry is suffering from ICE raids that scare off not only the 1.4 million undocumented migrants working in construction but also many working ...
US, EU Reach Trade Deal for 15% Tariffs Across the Board
The deal ends crippling uncertain and satisfies Trump's idiosyncratic desire to use tariffs as a revenue source even though the burden falls on US consumers.
Investors React to US-EU Tariff Deal with Relief but Disquiet
Even as the investment community gives a sight of relief at the certainty critical for business planning, it is deeply uneasy about the long-term implications ...
Huawei Unveils AI System Rivaling Nvidia's Most Advanced
The CloudMatrix 384 is a match for Nvidia's GB200NVL72 which uses its most advanced B200 chips.
Japan's $550 Bil. Trade Deal Kicker Can Be Used for Taiwanese Chipmaker
Japan's trade negotiator clarifies that the $550 bil. inbound US investment committed by Japan can be used for 3rd-nation firms that may be crucial for ...
World's No. 3 Carmaker Sees Tariffs as Opening for More US Growth
Kia and Hyundai expect to gain US market share as rivals are forced to raise prices due to tariffs.
Tesla Tops Chinese EVs in China Self-Driving Test
A test sponsored by the Chinese government and TikTok owner Bytedance shows Tesla's Model X and Model 3 beating out 35 Chinese EV models on ...
Obesity Molecule from China's Sciwind May Be Licensed by US Drugmaker
Sciwind's injectable GLP-1 molecule called ecnoglutide achieved results comparable to Wegovy and Zepbound in Chinese testing.
China's Unitree Slashes Price on New Humanoid Robot
China's leading robotics firm slashes the price of its latest model by 60% from last year's heavier model.
Repairs of Banned Nvidia GPUs Surge in China
Despite a longstanding ban on exports, China sees growing demand for companies that repair gray-market advanced Nvidia AI GPUs.
China's "Instant Retail" Price War Raises Fears of Deflationary Spiral
Meal and merchandise delivery under an hour combined with "zero-yuan" price competition is seen as producing a destructive retail environment in which there are only ...
Strong Earnings Growth in AI Sector, Struggle in Others
Companies serving the AI race are enjoying stellar earnings but those serving consumers see tariff uncertainty taking a toll.
$1 Bil Worth of Nvidia AI GPUs Smuggled into China
Stringent US export controls couldn't keep China's black marketeers from smuggling in $1 billion worth of high-end B200 GPUs for building AI models and server ...
China's BYD to Assemble Cars in Pakistan
The world's leading EV maker expects to begin assembling EVs in Pakistan starting in the summer of 2026 to tap new regional growth opportunities.
Hyundai Q2 Earnings Take Hit from Tariffs, Sees More Pain in Q3
Hyundai joins GM, Stellantis and Tesla in reporting a profit downturn due to higher costs caused by tariffs.
S. Korea Sees US Shipbuilding Renaissance As Bargaining Chip in Tariff Talks
US ambition to build up shipbuilding capacity would benefit from joint ventures with top Korean shipymakers like Hanwha Ocean and HD Hyundai.
Neuralink Plans 20,000 Surgical Implants per Year
Five clinics implanting three devices will drive $1 billion annual revenues by 2031 according to investor documents released by Elon Musk's Neuralink.
Tokenization Is the Next Big Thing in Finance — Or Not
Holding and trading fragments of underlying assets using blockchain-based tokens may revolutionize global finance, or it could prove to be its undoing by injecting unnecessary ...
US Big Three Carmakers Feel Handicapped by Japan Tariff Deal
American cars assembled in Mexico and Canada face higher tariffs than those imported from Japan.
Dollar Down 6.6% Since April, Slips on Japan Tariff Deal
Sliding of the dollar index suggests investors believe Trump's tariff machinations poise the US economy for weakness.
Alibaba's Open-Source AI Coder Said to Equal Anthropic, OpenAI
One of China's leading tech giants has released an open-source AI coding model said to outperform those of DeepSeek in agentic AI coding tasks.
Trade Deal Lowers Japan Auto Tariffs Below Mexico, Canada
The agreement would favor imports from Japan over those of US companies assembling vehicles in Mexico and Canada.
Trump Plans About Face on Some US AI Policies with Push for Exports
Policies that hurt aggressive AI exports are deprecated in a Trump plan to promote open source AI development and unbridled export of American AI technology.
GM Takes $1 Bil. Hit from Tariffs
Far from boosting US industry, Trump's tariffs are taking a heavy toll on the supply-chain efficiencies built up over decades by US manufacturers.
Stellantis Taps China's Leapmotor EVs to Spearhead Push into South Africa
South African demand for low-end EVs can be met profitably by a carmaker known for its sub-$18,000 all-electric SUV equipped with lidar technology.
Google Gemini, OpenAI Gold Medal in Math Olympiad, Advancing AI
The successful deployment of AI models to solve five out of six math problems at the International Mathematical Olympiad suggests a great leap forward in ...
Korea's Apple Farmers Fear Being Sacrificed in US Trade Talks
South Korea's famous apples are too pricey to compete against US imports if floodgates are opened in an effort to spare auto and electronic exports ...
China Still Keeps Antimony, Germanium Exports to a Strategic Trickle
US production of weapons and semiconductors are hampered by tight Chinese control over two strategic elements despite a trade deal that has freed up other ...
$116 Bil. May Inflows into Euro Zone Debt Suggests Jitters About US
Trump's erratic threats of irrational tariffs and destructive migrant deportations have given foreign investors reason to be concerned for US economic stability.
China Rare-Earth Magnet Exports Septuple in June
Pacts to loosen trade-war restrictions on both sides have allowed rare-earth magnet exports to surge toward normal levels from May lows.
Hua Fung Teh Says ONE Championship IPO in Works
A US exchange is being considered for an IPO for Group ONE Holdings, according to its co-founder and president.
Crypto Stocks Jump on House Passage of Stablecoin Bill
A bill to legitimize dollar-pegged stablecoins under the SEC regulatory framework has created euphoria in the blockchain ecosystem.
Chinese Robotics Firm Unitree Begins IPO Process
Economically productive humanoid robots with AI-enabled brains is the focus of Unitree's R&D.
China Gets Around High Steel Tariffs with Billets
Semi-finished steel blocks face only a fraction of the tariff levels of finished steel products, allowing billets to be exported profitably to many key steel ...
Top AI Talent Poached by Meta in Zuckerberg Quest for Superintelligence
Asian AI researchers make up the bulk of talent poached from other AI leaders.
Jiajun Zhu's Nuro Self-Driving Tech, Lucid Cars Picked for Uber Robotaxi Venture
Uber plans to launch a robotaxi service in 2026 with SUVs from troubled EV-maker Lucid and self-driving technology from startup Nuro.
June Retail Sales Beat Expectations Amid Dread of Coming Tariffs
Anticipating higher prices when full tariffs kick in, US consumers made purchases to stay ahead of tariffs, driving up June retail sales.
China Spy Agency Targets Illicit Rare Earth Shipments to US
Infiltration and espionage targeting "critical" mineral sector by foreign spy agencies has become the focus of China's State Security as it tries to maintain tight ...
China's Hailanyun Data Center Stays Cool Underwater
To cut the huge amounts of electricity used to cool data centers, a Shanghai-based company is putting its data centers under coastal waters.
Putin's High War-Footing Interest Rates Cause Debt-Service Distress
Diverting productive capacity to war production made Russian interest rates soar, greatly increasing business debt burden and prompting more distressed asset sales.
Chinese Undersea Telecom Cable Tech to Be Banned by US
Citing national security concerns the FCC plans to issue rules prohibiting connections to Chinese-made undersea cable technology.
Fed Outlook Pessimistic on Loss of Migrant Labor, Rising Tariff Impact
Businesses complain to the Federal Reserve about growing difficulties from loss of immigrant labor and disruptions as more tariffs go into effect.
Nvidia H20 GPU for China Sees Huge Demand on Pending US License Approval
Nvidia's dumbed-down H20 AI GPU for the China market is expected to receive billions of dollars in orders as the US government is set to ...
Geely Takes Premium EV Brand Zeekr Private at $6.83 Bil. Valuation
In the face of intensifying EV competition in China Geely seeks operational efficiency by taking full control of the brand that showcases its cutting-edge EV ...
Weight-Loss Drug from Kailera Partner Jiangsu Hengrui Aces Late-Stage Trial
Jiangsu's KAI-9531, licensed by US-based Kailera, helped patients achieve big body weight loss in late-stage study, paving way for lower-cost GLP-1 drugs in US.
Consumer Prices Jumped in June on Tariffs Despite Flat Service Prices
The impact of tariffs on various consumer goods caused the CPI to increase at the highest rate in five months despite flat or lower costs ...
Nvidia Sees Huge Demand as China GPU Sales Set to Resume
Pending export license approval will let Nvidia resume satisfying the nearly insatiable demand for its GPUs from Chinese tech giants and AI startups.
China's Economy Keeps Growing on Pay Cuts and Side Hustles
Downward pressure from weak consumer demand and tariffs is being offset by widespread sacrifices in the form of lower pay and more hours at side ...
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