US Trade Deficit Widened in May Despite Tariffs
The trade deficit reduced first-quarter gross domestic product by 4.61% as US firms front-loaded imports ahead of possibly even higher tariffs.
Business
Europe Fears Impact of US Law Legitimizing Dollar-Backed Stablecoins
The anticipated US regulatory framework for stablecoins has the potential to create substantial capital outflows away from the Euro to the dollar.
15 Chinese EV Brands Expected to Survive Next Five Years
Intense cutthroat price-competition among China's 129 EV makers are expected to produce consolidations and shakeout for a nearly 90% reduction in brands.
Japan Worker Shortage Forces Record Pay Hike
An aging population procreating far below replacement rate and little immigration, Japanese companies have no choice but to keep raising wages at the world's highest ...
Geoff Kim Opens India Cancer Hospital to Prove Out AI Drug Study Software
FDA experience reviewing clinical trials for cancer drugs helped Kim's Pi Health develop AI software to help pharmaceutical firms streamline the long, costly drug review ...
Tesla Quarterly Deliveries Fell More Than Expected
As Tesla tries to justify its high stock valuations by proving out its Robotaxi in Austin the onetime EV leader continues to lose sales around ...
Effective US Tariffs Over 8 Times Pre-Trump Rates
The shipping giant Maersk estimates that exporters to the US now pay effective tariffs averaging 21% of the value of a container load as Trump's ...
New Quantum Processing Modalities Break the Ice Barrier
The need for bulky and costly cryogenics is a major hurdle to practical quantum computing is being eliminated by innovative room-temperature quantum processing modalities.
Entrepreneurs Can't Sell US-Made Products to Americans
Trump tariffs pressured many American businesses to manufacture in the US only to find that consumer aren't willing to pay the resulting higher prices.
Poland to Buy $6.5 Billion Worth of Hyundai Tanks
Russian territorial ambitions on display in Ukraine have prompted Poland to buy 180 K2 tanks from S. Korea's Hyundai Rotem, giving the company a firm ...
US Lifts Block on Chip Software, Ethane for China Rare Earths
China's pledge to approve rare-earth export licenses for US buyers has prompted the US to resume shipments of chip design software and ethane used in ...
Innogen, Other Chinese Pharmas to Cause Weight-Loss Drug Price Plunge
The expiration in China of Novo Nordisk's semaglutide patent in early 2026 will allow Chinese companies to glut the market with GLP-1 weight-loss drugs.
US Manufacturing Weak for 4th Straight Month on Tariff Malaise
Uncertainty over tariffs and higher cost of inputs from China and other nations has kept US manufacturers in the doldrums since March.
EV Makers Paying Hefty Premium for Rare-Earth Magnets Not from China
Beijing's recent restriction of rare-earth exports forces EV makers to seek out non-China sources even at up to 30% premiums.
China May Give Up Developing Nation Status to Coax US Back to WTO
China considers giving up subsidies and Special and Differential Treatment (SDT) to entice US back into WTO.
Xiaomi YU7 Buyers Upset by Year-Long Wait for Delivery
The new EV SUV racked up 240,000 orders in the first 18 hours after release but actual production won't get caught up for upwards of ...
Google Buys Fusion Power from Commonwealth Fusion Systems
Fusion is the energy long game for power-hungry data centers, and Google is betting that Commonwealth Fusion System can deliver ahead of rivals.
China's High Bauxite Imports Show Aluminum Production Growth
Despite high US tariffs China continues to grow bauxite imports from Guinea to feed its fast growing aluminum production.
Price of Chinese Goods Show First Hint of Tariff Impact
US tariffs on Chinese goods are beginning to appear in economic data but the impact is expected to surge as more goods are shipped under ...
Alexandr Wang to Head Up Meta's Superintelligence Labs
The former CEO of Scale AI has been charged with giving Meta's social media platform capabilities for its new Superintelligence tab.
China Factory Activity Resumed Growth in June
Despite high US tariffs China's new factory orders and shipments returned to expansion in June after declining in May.
Jensen Huang, Nvidia Insiders Sell $1 Bil Worth of Shares
A 60% Nvidia share price surge since April to new records prompts some insiders to trim their stakes.
US Billionaires Ready to Buy TikTok, Trump Claims
Trump claims to have found a group of wealthy people ready to buy the Chinese-owned TikTok video app's US business to prevent it from being ...
Alex Lau's SuperWood Strong As Steel but Much Lighter
Liangbing Hu's discovery in a University of Maryland lab has inspired a startup that will begin scaling up production of SuperWood this summer.
Rare Earth Flow Far from Normal As China Clings to Leverage
After two sets of talks initiated by the US to get rare earths flowing, the pace of China's license approvals appears tightly controlled to keep ...
Canada Scraps Digital Service Tax to Resume US Tariff Talks
Canada appears to blink to bide time after Trump's abrupt withdrawl from talks Friday on Canada's announcement of a digital service tax.
Five Top Chinese OpenAI Talent Poached by Meta
After hiring three AI researchers from OpenAI's Zurich office, Mark Zuckerberg recruited four more Chinese OpenAI reserchers for his superintelligence push.
Huge AI Energy Demand Prompts Trump Plan for New Power Plants
Trump plans to issue a slew of executive orders to facilitate construction of new power plants to feed the booming and power-hungry AI industry.
Global Luxury Brands Woo China Consumers with Experiences
Recent decline in China sales has spurred European luxury brands to offer new experiences to attract customers in a market seen as their growth engines.
EU Hangs Tough on Trump Tariffs, Eyes Asia as Trade Ally
As Trump's July 7 tariff deadline approaches the EU remains resistant to his proposed 10% across the board tariffs.
Stablecoin Boom Fuels Demand for Short-Term US Treasuries
Demand for 2-,3-. 5-year US Treasuries will increase as more stablecoins come on the market to meet growing demand for crypto assets tethered to the ...
Xiaomi's Luxury YU7 EV SUV Undercuts Tesla Model Y Price
China's mobile phonemaker is seeing high demand for the YU7 SUV, its second EV, with 200,000 orders in 3 minutes after it began sales Thursday ...
DeepSeek's R2 AI Model Could Create Too Much Demand for Nvidia Chips
A shortage of H20 Nvidia chips used by most AI companies due to US export restrictions could hamper adoption of DeepSeek's R2 AI Reasoning model ...
Chinese Carmakers Push EVs in Africa in Face of US Tariffs
Import barriers imposed by the US and Europe prompt Chinese carmakers to use their cost advantage to dominate African markets, starting in South Africa.
Tesla Austin Robotaxi Trial Already Plagued by Errors
With full self-driving being the primary factor behind Tesla's 150 times earnings valuation, the outcome of the Austin trial could severely lower Tesla prospects and ...
May US Home Sales Plunged, Inventories Peaked
Economic disruption resulting from Trump's erratic and exorbitant tariffs combined with high mortgage rates are making many homebuyers sit and wait.
Nvidia Passes Microsoft As World's Most Valuable Company
A 4.3% surge in Nvidia's stock price to a record $149.53 on Wednesday has given it a valuation of $3.75 trillion, adding $5 billion to ...
China, India Cut Indonesian Coal Imports in Shift to Higher Grade
As global coal prices fall on decreasing demand, the world's two leading importers cut out low-grade coal from Indonesia, the world's top coal exporter.
Thailand to Recriminalize Cannabis By Way of Political Revenge
The defection of a minor party from the ruling coalition prompted a Shinawatra order putting cannabis back on the narcotics list requiring a doctor's prescription.
Agentic AI Not Yet Effective Enough, Will Suffer Major Shakeout
It will take until 2028 for at least 15% of daily business transactions will be handled autonomously by Agentic AI applications.
Central Banks See Gold, Euro, Yuan As Safer in Shift from Dollar
The economic chaos unleashed by Trump's erratic and extreme tariffs has made central bank directors around the world consider shifting away from the dollar toward ...
Korean Gamer Krafton Buys Japan's Top Animator ADK
South Korea's hit gamemaker sees synergy in acquiring the animation and advertising capabilities of ADK, one of Japan's top three comprehensive advertising groups.
Anthropic Using Books to Train AI Model Not Copyright Infringement Rules Federal Judge
Storing books in a central library would violate their copyrights, but merely using them to train an AI model is fair use, according to a ...
China Ships New Cars Overseas as Used Cars to Show Sales Growth
Intense competition in China's massive auto industry has resulted in over-production and shipping new cars at used-car prices to Russia, Central Asia and the Middle ...
India Business Activity Surges in June to Meet Export Growth
Trump's prohibitive tariffs on Chinese imports and related supply-chain disruptions have prompted a major shift toward US manufacturing in India.
Jay Kim Forms Key Link in Imports of Legal, Illegal Vapes from China
E-cigarettes brands like Lost Mary and Geek Bar enter the US through Kim's customs brokerage which helps satisfies the bulk of US demand for illegal ...
AAA Credit Ratings for Harvard, Elite Universities Withstand Trump Attacks
S&P Global confirms that stellar credit ratings enjoyed by Harvard and other elite universities can withstand Trump measures calculated to weaken them.
Tesla Shares Surge on Austin Robotaxi Debut
Tesla's share prices surge 10% on Monday following start of Tesla's Austin Robotaxi operations, sending Price/Earning ratio to astronomical levels.
China on Track to Become Net Energy Exporter Says Rosneft CEO
Its push into renewables, nuclear and synthetic fuels is transforming China from a leading energy importer into a nation that will soon be exporting energy, ...
European Digital Services Tap Reaction Against Trump's USA
Trump's autocratic, isolationist impact pushes many Americans to seek European services to delink their digital stack from US tech giants.
US Trade Deficit Widened in May Despite Tariffs
The trade deficit reduced first-quarter gross domestic product by 4.61% as US firms front-loaded imports ahead of possibly even higher tariffs.
Europe Fears Impact of US Law Legitimizing Dollar-Backed Stablecoins
The anticipated US regulatory framework for stablecoins has the potential to create substantial capital outflows away from the Euro to the dollar.
15 Chinese EV Brands Expected to Survive Next Five Years
Intense cutthroat price-competition among China's 129 EV makers are expected to produce consolidations and shakeout for a nearly 90% reduction in brands.
Japan Worker Shortage Forces Record Pay Hike
An aging population procreating far below replacement rate and little immigration, Japanese companies have no choice but to keep raising wages at the world's highest ...
Geoff Kim Opens India Cancer Hospital to Prove Out AI Drug Study Software
FDA experience reviewing clinical trials for cancer drugs helped Kim's Pi Health develop AI software to help pharmaceutical firms streamline the long, costly drug review ...
Tesla Quarterly Deliveries Fell More Than Expected
As Tesla tries to justify its high stock valuations by proving out its Robotaxi in Austin the onetime EV leader continues to lose sales around ...
Effective US Tariffs Over 8 Times Pre-Trump Rates
The shipping giant Maersk estimates that exporters to the US now pay effective tariffs averaging 21% of the value of a container load as Trump's ...
New Quantum Processing Modalities Break the Ice Barrier
The need for bulky and costly cryogenics is a major hurdle to practical quantum computing is being eliminated by innovative room-temperature quantum processing modalities.
Entrepreneurs Can't Sell US-Made Products to Americans
Trump tariffs pressured many American businesses to manufacture in the US only to find that consumer aren't willing to pay the resulting higher prices.
Poland to Buy $6.5 Billion Worth of Hyundai Tanks
Russian territorial ambitions on display in Ukraine have prompted Poland to buy 180 K2 tanks from S. Korea's Hyundai Rotem, giving the company a firm ...
US Lifts Block on Chip Software, Ethane for China Rare Earths
China's pledge to approve rare-earth export licenses for US buyers has prompted the US to resume shipments of chip design software and ethane used in ...
Innogen, Other Chinese Pharmas to Cause Weight-Loss Drug Price Plunge
The expiration in China of Novo Nordisk's semaglutide patent in early 2026 will allow Chinese companies to glut the market with GLP-1 weight-loss drugs.
US Manufacturing Weak for 4th Straight Month on Tariff Malaise
Uncertainty over tariffs and higher cost of inputs from China and other nations has kept US manufacturers in the doldrums since March.
EV Makers Paying Hefty Premium for Rare-Earth Magnets Not from China
Beijing's recent restriction of rare-earth exports forces EV makers to seek out non-China sources even at up to 30% premiums.
China May Give Up Developing Nation Status to Coax US Back to WTO
China considers giving up subsidies and Special and Differential Treatment (SDT) to entice US back into WTO.
Xiaomi YU7 Buyers Upset by Year-Long Wait for Delivery
The new EV SUV racked up 240,000 orders in the first 18 hours after release but actual production won't get caught up for upwards of ...
Google Buys Fusion Power from Commonwealth Fusion Systems
Fusion is the energy long game for power-hungry data centers, and Google is betting that Commonwealth Fusion System can deliver ahead of rivals.
China's High Bauxite Imports Show Aluminum Production Growth
Despite high US tariffs China continues to grow bauxite imports from Guinea to feed its fast growing aluminum production.
Price of Chinese Goods Show First Hint of Tariff Impact
US tariffs on Chinese goods are beginning to appear in economic data but the impact is expected to surge as more goods are shipped under ...
Alexandr Wang to Head Up Meta's Superintelligence Labs
The former CEO of Scale AI has been charged with giving Meta's social media platform capabilities for its new Superintelligence tab.
China Factory Activity Resumed Growth in June
Despite high US tariffs China's new factory orders and shipments returned to expansion in June after declining in May.
Jensen Huang, Nvidia Insiders Sell $1 Bil Worth of Shares
A 60% Nvidia share price surge since April to new records prompts some insiders to trim their stakes.
US Billionaires Ready to Buy TikTok, Trump Claims
Trump claims to have found a group of wealthy people ready to buy the Chinese-owned TikTok video app's US business to prevent it from being ...
Alex Lau's SuperWood Strong As Steel but Much Lighter
Liangbing Hu's discovery in a University of Maryland lab has inspired a startup that will begin scaling up production of SuperWood this summer.
Rare Earth Flow Far from Normal As China Clings to Leverage
After two sets of talks initiated by the US to get rare earths flowing, the pace of China's license approvals appears tightly controlled to keep ...
Canada Scraps Digital Service Tax to Resume US Tariff Talks
Canada appears to blink to bide time after Trump's abrupt withdrawl from talks Friday on Canada's announcement of a digital service tax.
Five Top Chinese OpenAI Talent Poached by Meta
After hiring three AI researchers from OpenAI's Zurich office, Mark Zuckerberg recruited four more Chinese OpenAI reserchers for his superintelligence push.
Huge AI Energy Demand Prompts Trump Plan for New Power Plants
Trump plans to issue a slew of executive orders to facilitate construction of new power plants to feed the booming and power-hungry AI industry.
Global Luxury Brands Woo China Consumers with Experiences
Recent decline in China sales has spurred European luxury brands to offer new experiences to attract customers in a market seen as their growth engines.
EU Hangs Tough on Trump Tariffs, Eyes Asia as Trade Ally
As Trump's July 7 tariff deadline approaches the EU remains resistant to his proposed 10% across the board tariffs.
Stablecoin Boom Fuels Demand for Short-Term US Treasuries
Demand for 2-,3-. 5-year US Treasuries will increase as more stablecoins come on the market to meet growing demand for crypto assets tethered to the ...
Xiaomi's Luxury YU7 EV SUV Undercuts Tesla Model Y Price
China's mobile phonemaker is seeing high demand for the YU7 SUV, its second EV, with 200,000 orders in 3 minutes after it began sales Thursday ...
DeepSeek's R2 AI Model Could Create Too Much Demand for Nvidia Chips
A shortage of H20 Nvidia chips used by most AI companies due to US export restrictions could hamper adoption of DeepSeek's R2 AI Reasoning model ...
Chinese Carmakers Push EVs in Africa in Face of US Tariffs
Import barriers imposed by the US and Europe prompt Chinese carmakers to use their cost advantage to dominate African markets, starting in South Africa.
Tesla Austin Robotaxi Trial Already Plagued by Errors
With full self-driving being the primary factor behind Tesla's 150 times earnings valuation, the outcome of the Austin trial could severely lower Tesla prospects and ...
May US Home Sales Plunged, Inventories Peaked
Economic disruption resulting from Trump's erratic and exorbitant tariffs combined with high mortgage rates are making many homebuyers sit and wait.
Nvidia Passes Microsoft As World's Most Valuable Company
A 4.3% surge in Nvidia's stock price to a record $149.53 on Wednesday has given it a valuation of $3.75 trillion, adding $5 billion to ...
China, India Cut Indonesian Coal Imports in Shift to Higher Grade
As global coal prices fall on decreasing demand, the world's two leading importers cut out low-grade coal from Indonesia, the world's top coal exporter.
Thailand to Recriminalize Cannabis By Way of Political Revenge
The defection of a minor party from the ruling coalition prompted a Shinawatra order putting cannabis back on the narcotics list requiring a doctor's prescription.
Agentic AI Not Yet Effective Enough, Will Suffer Major Shakeout
It will take until 2028 for at least 15% of daily business transactions will be handled autonomously by Agentic AI applications.
Central Banks See Gold, Euro, Yuan As Safer in Shift from Dollar
The economic chaos unleashed by Trump's erratic and extreme tariffs has made central bank directors around the world consider shifting away from the dollar toward ...
Korean Gamer Krafton Buys Japan's Top Animator ADK
South Korea's hit gamemaker sees synergy in acquiring the animation and advertising capabilities of ADK, one of Japan's top three comprehensive advertising groups.
Anthropic Using Books to Train AI Model Not Copyright Infringement Rules Federal Judge
Storing books in a central library would violate their copyrights, but merely using them to train an AI model is fair use, according to a ...
China Ships New Cars Overseas as Used Cars to Show Sales Growth
Intense competition in China's massive auto industry has resulted in over-production and shipping new cars at used-car prices to Russia, Central Asia and the Middle ...
India Business Activity Surges in June to Meet Export Growth
Trump's prohibitive tariffs on Chinese imports and related supply-chain disruptions have prompted a major shift toward US manufacturing in India.
Jay Kim Forms Key Link in Imports of Legal, Illegal Vapes from China
E-cigarettes brands like Lost Mary and Geek Bar enter the US through Kim's customs brokerage which helps satisfies the bulk of US demand for illegal ...
AAA Credit Ratings for Harvard, Elite Universities Withstand Trump Attacks
S&P Global confirms that stellar credit ratings enjoyed by Harvard and other elite universities can withstand Trump measures calculated to weaken them.
Tesla Shares Surge on Austin Robotaxi Debut
Tesla's share prices surge 10% on Monday following start of Tesla's Austin Robotaxi operations, sending Price/Earning ratio to astronomical levels.
China on Track to Become Net Energy Exporter Says Rosneft CEO
Its push into renewables, nuclear and synthetic fuels is transforming China from a leading energy importer into a nation that will soon be exporting energy, ...
European Digital Services Tap Reaction Against Trump's USA
Trump's autocratic, isolationist impact pushes many Americans to seek European services to delink their digital stack from US tech giants.
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