Indian Rupee Falls to Record Low vs Dollar
The rupee hit a record low of 90.29 per US dollar, creating a risk of freefall without government support.
Business
Euro Zone November Business Activity Strongest in 30 Months
Strong growth in the services sector more than offset weakness in manufacturing.
China to Target 5% Growth in 2026 in Bid to End Deflation
China's new 5-year plan is likely to focus on ending the prolonged property slump and weak consumer demand by seeking to stimulate household consumption.
Payrolls Declined Slightly in November As Small Businesses Cut Costs
A 32,000 decrease in jobs in November followed a 47,000 increase in October, with low layoffs by historic measures.
India Services Growth Accelerates, Export Growth Slides
Domestic demand restored strong growth for the services sector in November but growing international competition slowed export growth to the lowest level since March.
AI Boom Creates Global Memory Shortage
Memory-makers like Samsung, SK Hynix and Micron are raising prices by double-digits as demand far outstrips production capacity.
Anthropic Prepares for Possible 2026 IPO
The AI startup that operates the Claude chatbot and is backed by Google, Amazon, Microsoft and Nvidia is well positioned for an IPO with 300,000 ...
Investment Houses See Yuan Breaking Key 7-Per-Dollar Level
Narrowing of the yield differential with the dollar and easing trade tensions are seen as pushing up the yuan in 2026 to levels not seen ...
Prada Buys Versace After Long Courtship
The Milan-based design house founded in 1978 will join the Prada and Miu Miu brands.
Axiado Raises $100 Million for AI Chips That Cut Server Power, Space
The rapid growth of large data centers creates demand for smarter server management chips that can greatly reduce space and power requirements.
China Issues First Batch of Expanded Rare-Earth Licenses
China appears to be loosening the tight export restrictions that had been causing assembly-line shutdowns by US and European manufacturers of cars, airplanes and weaponry.
Tesla's China-Made EV Sales Surge in November
Sales of Model 3 and Model Y produced in Shanghai soared 41.0% over October on strong exports to Europe and other markets.
Samsung Unveils Galaxy Z TriFold Smartphone
The multi-folding smartphone unfolds into a 10-inch display and will cost $2,440.
Sam Altman Declares Need for Urgent Fixes to ChatGPT
The OpenAI CEO declared a "code red" for improving ChatGPT before proceeding with advertising initiatives.
Thanksgiving Shopping Spree Surpassed Expectations
The 5-day shopping period between Thanksgiving and Cyber Monday saw US consumers spending $43.7 online, blowing past analyst estimates.
Amar Subramanya Named Apple's New AI Chief
The Indian American is a veteran of both Microsoft and Google where he spent 16 years as head of engineering for Gemini.
China Blue Chips Match S&P's 2025 Gains
Foreign investors are holding onto Chinese industrial stocks as they continue their slow 2-year rally despite tariff headwinds.
Nvidia Releases Open-Source Software for Self-Driving Cars
The release of Nvidia's Alpomayo-R1 vision-language-action software into the public domain is intended speed up self-driving car development which in turn will increase demand for ...
US Manufacturing Slumped in November for 9th Straight Month
The continuing loss of US manufacturing vitality exposes the major fallacy underpinning Trump's tariffs and migrant deportations.
Nvidia Adds $2 Billion Synopsis Stake to Flurry of Acquisitions
Nvidia solidifies the dominance of its code libraries in the AI industry's chip-design software sector with the stake in Synopsis adding to its existing stake ...
AI Advertising Creatives Drives Consolidation of Major Legacy Agencies
Omnicom's merger with IPG will result in the absorption of DDB, MullenLowe and FCB into TBWA and BBDO amid reduction of 4,000 jobs.
OpenAI Sells ChatGPT Enterprise to Accenture Employees
ChatGPT will be used in workflows for financial services, healthcare and retail by tens of thousands of Accenture employees.
Tesla's Europe Slump Accelerated in November
New registrations of Tesla cars plunged by 58% in France and 59% in Sweden as EV competition and MAGA-revulsion heats up.
Japan Factory Decline Slows in November
Japan's November Purchasing Manager's Index (PMI) improved to 48.7 from 48.2 in October due to a slight improvement in consumer goods despite sluggishness in intermediate ...
S. Korea November Exports Rise for 6th Straight Month
Continuing growth in demand for chips and cars let S. Korea's exports beat expectations again with an 8.4% year-on-year jump.
China Factory Sentiment Still Slightly Negative in November
China's factory manager sentiment remained below 50.0 for the 8th straight month while non-factory also slipped into negative territory.
China Central Bank Vows Crackdown on Stablecoin Speculation
The growing use of stablecoins as an untraceable payment medium is raising concerns they fuel destabilizing illegal financial activities.
Micron Lured to Japan by Incentives for $10 Billion Chip Plant
The US chipmaker will build a plant to make the tyep of high-bandwidth memory (HBM) chips integral to AI chipsets.
Bulk of Black Friday Spending Went Online
The top 10% richest consumers accounted for nearly half of all consumer spending, with a growing share taking place online.
Tariffs Give Huawei ZTE Big Win over US, West in Vietnam Telecom Buildout
The tariff-driven geopolitical realignment in China's favor has given Chinese telecom equipment makers ZTE and Huawei an opening to overtake Qualcomm, Ericsson and Nokia in ...
Car Chip Giant Nexperia's China-Netherland Drama Heats Up
Nexperia's Chinese parent Wingtech accuses its Dutch subsidiary, now under government control, of seeking to build a new supply chain that excludes China.
Stellar Q3 Growth Cushions India Against Tariff Shock
The fastest growth in 18 months boosts Prime Minister Narendra Modi's standing and provides a stronger bargaining hand in negotiating a US trade deal.
What Black Friday Shoppers Look to Spend on Deals
The record $1 trillion expeced in November and December consumer spending will be driven by lust for bargains on electronics, jewelry and beauty.
Dollar Slides on December Rate Cut Bet
The US currency was headed for the worst week since July when tariffs had held the US economy in confusion and suspense.
Pandora Braces for Killer Black Friday Competition
The world's biggest mass jewelry brand is bracing for aggressive discounting for the year's biggest shopping day.
China Unveils REIT Plans to Counter Vanke Freefall
Fearing that Vanke's announced delay in debt payment might decimate developers, Beijing is expanding its real estate trust market to include commercial properties.
Taiwan Raids Home of Executive in TSMC-Intel Dispute
Wei-Jen Lo is accused of leaking to Intel TSMC trade secrets pertaining to cutting-edge 2-, 3- and 5-nanometer chipmaking after rejoining the US company.
Li-Ning and Anta Sports to Bid for Puma
The struggling German brand has become a takeover target for Chinese sportswear brands Anta and Li-Ning, namesake brand of the Chinese gymnast who topped the ...
Top Chinese Firms Train AI Overseas to Access Nvidia Chips
Alibaba and ByetDance are among major tech groups training large language models in Southeast Asia with access to Nvidia chips.
Nvidia Issues Memo Rebutting Skeptical Analyst
Nvidia responds to an attack of its $4.5 trillion valuation made by Michael Burry regarding inventories, late payments by customers and lower margins on its ...
12 Satellites Orbited by S. Korea's 1st Commercial Rocket Launch
The government had transferred rocket technology to Hanwha Aerospace for the nation's 4th rocket launch in an effort to jump-start the nation's commercial space sector.
Weekly Jobless Claims Decline Despite Weak Job Creation
New claims for unemployment benefits fell to a 7-month low as both layoffs and job growth remain low.
AI's 8-Fold Traffic Increase Changes Online Retail Strategy
Online retailers have begun building websites designed to attract AI agents deployed by search engines used by shoppers to find holiday gifts.
Robin Hood Takes on Prediction Market with LedgerX Buy
The no-commission stock trading platform joined with Susquehanna to enter the fast-growing prediction market by taking a 90% stake in FTX spinoff LedgerX.
TikTok Barred from Nvidia Chips by Chinese Regulators
TikTok parent Bytedance was the leading Chinese buyer of Nvidia GPUs but now appears to have been forced to fall in line with Beiing's ambitions ...
Didi Ride-Hailer Sees Strong Revenue Growth
China's leading ride-hailing platform reported an 8.6% jump in Q3 revenues as it invests heavily in expanding into Latin America.
European Carmakers Want Reprieve from 2035 ICE Ban
Facing slower-than-anticipated EV adoption and strong competition from Chinese EVs, Europes leading carmakers are hoping that Brussels will delay the 2035 date set for a ...
Tariff Flip-Flops Devastate Small Retailers During Holidays
Retailers who rely on goods from China have been hit especially hard by delays and confusion caused by Trump's ever-changing tariff regime.
CATL Breaks Ground on Spain Battery Plant
China's leading battery maker joins with Stellantis to break ground on Spain's largest battery factory.
OpenAI Projects 220 Million Paying ChatGPT Users
The AI chatbot pioneer estimates that about 6 times as many users will be on paying plans by 2030.
Indian Rupee Falls to Record Low vs Dollar
The rupee hit a record low of 90.29 per US dollar, creating a risk of freefall without government support.
Euro Zone November Business Activity Strongest in 30 Months
Strong growth in the services sector more than offset weakness in manufacturing.
China to Target 5% Growth in 2026 in Bid to End Deflation
China's new 5-year plan is likely to focus on ending the prolonged property slump and weak consumer demand by seeking to stimulate household consumption.
Payrolls Declined Slightly in November As Small Businesses Cut Costs
A 32,000 decrease in jobs in November followed a 47,000 increase in October, with low layoffs by historic measures.
India Services Growth Accelerates, Export Growth Slides
Domestic demand restored strong growth for the services sector in November but growing international competition slowed export growth to the lowest level since March.
AI Boom Creates Global Memory Shortage
Memory-makers like Samsung, SK Hynix and Micron are raising prices by double-digits as demand far outstrips production capacity.
Anthropic Prepares for Possible 2026 IPO
The AI startup that operates the Claude chatbot and is backed by Google, Amazon, Microsoft and Nvidia is well positioned for an IPO with 300,000 ...
Investment Houses See Yuan Breaking Key 7-Per-Dollar Level
Narrowing of the yield differential with the dollar and easing trade tensions are seen as pushing up the yuan in 2026 to levels not seen ...
Prada Buys Versace After Long Courtship
The Milan-based design house founded in 1978 will join the Prada and Miu Miu brands.
Axiado Raises $100 Million for AI Chips That Cut Server Power, Space
The rapid growth of large data centers creates demand for smarter server management chips that can greatly reduce space and power requirements.
China Issues First Batch of Expanded Rare-Earth Licenses
China appears to be loosening the tight export restrictions that had been causing assembly-line shutdowns by US and European manufacturers of cars, airplanes and weaponry.
Tesla's China-Made EV Sales Surge in November
Sales of Model 3 and Model Y produced in Shanghai soared 41.0% over October on strong exports to Europe and other markets.
Samsung Unveils Galaxy Z TriFold Smartphone
The multi-folding smartphone unfolds into a 10-inch display and will cost $2,440.
Sam Altman Declares Need for Urgent Fixes to ChatGPT
The OpenAI CEO declared a "code red" for improving ChatGPT before proceeding with advertising initiatives.
Thanksgiving Shopping Spree Surpassed Expectations
The 5-day shopping period between Thanksgiving and Cyber Monday saw US consumers spending $43.7 online, blowing past analyst estimates.
Amar Subramanya Named Apple's New AI Chief
The Indian American is a veteran of both Microsoft and Google where he spent 16 years as head of engineering for Gemini.
China Blue Chips Match S&P's 2025 Gains
Foreign investors are holding onto Chinese industrial stocks as they continue their slow 2-year rally despite tariff headwinds.
Nvidia Releases Open-Source Software for Self-Driving Cars
The release of Nvidia's Alpomayo-R1 vision-language-action software into the public domain is intended speed up self-driving car development which in turn will increase demand for ...
US Manufacturing Slumped in November for 9th Straight Month
The continuing loss of US manufacturing vitality exposes the major fallacy underpinning Trump's tariffs and migrant deportations.
Nvidia Adds $2 Billion Synopsis Stake to Flurry of Acquisitions
Nvidia solidifies the dominance of its code libraries in the AI industry's chip-design software sector with the stake in Synopsis adding to its existing stake ...
AI Advertising Creatives Drives Consolidation of Major Legacy Agencies
Omnicom's merger with IPG will result in the absorption of DDB, MullenLowe and FCB into TBWA and BBDO amid reduction of 4,000 jobs.
OpenAI Sells ChatGPT Enterprise to Accenture Employees
ChatGPT will be used in workflows for financial services, healthcare and retail by tens of thousands of Accenture employees.
Tesla's Europe Slump Accelerated in November
New registrations of Tesla cars plunged by 58% in France and 59% in Sweden as EV competition and MAGA-revulsion heats up.
Japan Factory Decline Slows in November
Japan's November Purchasing Manager's Index (PMI) improved to 48.7 from 48.2 in October due to a slight improvement in consumer goods despite sluggishness in intermediate ...
S. Korea November Exports Rise for 6th Straight Month
Continuing growth in demand for chips and cars let S. Korea's exports beat expectations again with an 8.4% year-on-year jump.
China Factory Sentiment Still Slightly Negative in November
China's factory manager sentiment remained below 50.0 for the 8th straight month while non-factory also slipped into negative territory.
China Central Bank Vows Crackdown on Stablecoin Speculation
The growing use of stablecoins as an untraceable payment medium is raising concerns they fuel destabilizing illegal financial activities.
Micron Lured to Japan by Incentives for $10 Billion Chip Plant
The US chipmaker will build a plant to make the tyep of high-bandwidth memory (HBM) chips integral to AI chipsets.
Bulk of Black Friday Spending Went Online
The top 10% richest consumers accounted for nearly half of all consumer spending, with a growing share taking place online.
Tariffs Give Huawei ZTE Big Win over US, West in Vietnam Telecom Buildout
The tariff-driven geopolitical realignment in China's favor has given Chinese telecom equipment makers ZTE and Huawei an opening to overtake Qualcomm, Ericsson and Nokia in ...
Car Chip Giant Nexperia's China-Netherland Drama Heats Up
Nexperia's Chinese parent Wingtech accuses its Dutch subsidiary, now under government control, of seeking to build a new supply chain that excludes China.
Stellar Q3 Growth Cushions India Against Tariff Shock
The fastest growth in 18 months boosts Prime Minister Narendra Modi's standing and provides a stronger bargaining hand in negotiating a US trade deal.
What Black Friday Shoppers Look to Spend on Deals
The record $1 trillion expeced in November and December consumer spending will be driven by lust for bargains on electronics, jewelry and beauty.
Dollar Slides on December Rate Cut Bet
The US currency was headed for the worst week since July when tariffs had held the US economy in confusion and suspense.
Pandora Braces for Killer Black Friday Competition
The world's biggest mass jewelry brand is bracing for aggressive discounting for the year's biggest shopping day.
China Unveils REIT Plans to Counter Vanke Freefall
Fearing that Vanke's announced delay in debt payment might decimate developers, Beijing is expanding its real estate trust market to include commercial properties.
Taiwan Raids Home of Executive in TSMC-Intel Dispute
Wei-Jen Lo is accused of leaking to Intel TSMC trade secrets pertaining to cutting-edge 2-, 3- and 5-nanometer chipmaking after rejoining the US company.
Li-Ning and Anta Sports to Bid for Puma
The struggling German brand has become a takeover target for Chinese sportswear brands Anta and Li-Ning, namesake brand of the Chinese gymnast who topped the ...
Top Chinese Firms Train AI Overseas to Access Nvidia Chips
Alibaba and ByetDance are among major tech groups training large language models in Southeast Asia with access to Nvidia chips.
Nvidia Issues Memo Rebutting Skeptical Analyst
Nvidia responds to an attack of its $4.5 trillion valuation made by Michael Burry regarding inventories, late payments by customers and lower margins on its ...
12 Satellites Orbited by S. Korea's 1st Commercial Rocket Launch
The government had transferred rocket technology to Hanwha Aerospace for the nation's 4th rocket launch in an effort to jump-start the nation's commercial space sector.
Weekly Jobless Claims Decline Despite Weak Job Creation
New claims for unemployment benefits fell to a 7-month low as both layoffs and job growth remain low.
AI's 8-Fold Traffic Increase Changes Online Retail Strategy
Online retailers have begun building websites designed to attract AI agents deployed by search engines used by shoppers to find holiday gifts.
Robin Hood Takes on Prediction Market with LedgerX Buy
The no-commission stock trading platform joined with Susquehanna to enter the fast-growing prediction market by taking a 90% stake in FTX spinoff LedgerX.
TikTok Barred from Nvidia Chips by Chinese Regulators
TikTok parent Bytedance was the leading Chinese buyer of Nvidia GPUs but now appears to have been forced to fall in line with Beiing's ambitions ...
Didi Ride-Hailer Sees Strong Revenue Growth
China's leading ride-hailing platform reported an 8.6% jump in Q3 revenues as it invests heavily in expanding into Latin America.
European Carmakers Want Reprieve from 2035 ICE Ban
Facing slower-than-anticipated EV adoption and strong competition from Chinese EVs, Europes leading carmakers are hoping that Brussels will delay the 2035 date set for a ...
Tariff Flip-Flops Devastate Small Retailers During Holidays
Retailers who rely on goods from China have been hit especially hard by delays and confusion caused by Trump's ever-changing tariff regime.
CATL Breaks Ground on Spain Battery Plant
China's leading battery maker joins with Stellantis to break ground on Spain's largest battery factory.
OpenAI Projects 220 Million Paying ChatGPT Users
The AI chatbot pioneer estimates that about 6 times as many users will be on paying plans by 2030.
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