China Pledges Significant Rise in Consumption
The next five year plan for China's central government envisions investing to improve personal incomes and boosting household consumption as a percentage of GDP.
Business
Jobless Claims Continue Rising, Layoffs Stay Low
Despite lack of Labor Department data those available from most states hint at economic uncertainty amid disruption from tariffs and the government shutdown.
Volvo Cars Q3 Profits Quadruple Forecasts
Despite tariffs and intense competition Volvo quadrupled profit forecasts with aggressive cost-cutting measures and strong hybrid sales.
Tesla Bets New Models Don't Matter
The paucity of new models since the 2017 launch of the Model 3 sedan exposes Tesla's calculation that the promise of new technologies matters more ...
Anthropic Spends Tens of Billions on Google AI Chips
Anthropic's high growth rate for enterprise AI services justify spending tens of billions of dollars to increase processing capacity.
S. Korea Posts Modest Q3 GDP Gain
Strong chip demand and reviving consumer sentiment helped produce a 1.5% year-over-year growth despite headwinds from tariffs and fallout from US-China trade war.
Nexperia Resumes Supplying Chips to China Distributors
The China-based unit of automotive chipmaker Nexperia seeks to operate independently by requiring sales to be settled in yuan and limited to local distributors after ...
Tata Technologies to Hire More Locally in US
Trump's immigration restrictions and new $100,000 H-1B visa fees pressure Tata Technologies to hire more of its 12,000 global tech services workers from the US.
US in Talks for Stakes in Quantum Computing Firms
IonQ, Rigetti Computing and D-Wave Quantum are among firms in talks with White House officials under Trump's bid to mimic China's model of state support ...
Volkswagen Warns Workers of Stoppages on Nexperia Chip Crisis
When the Dutch government seized control of Chinese-owned Dutch chipmaker Nexperia, essential chip supplies for many global carmakers fell into doubt.
Uber Goes Green with EV Push
"Uber Green" service is unveiled along with a program to pay drivers $4,000 grants to buy a new or used EV in major liberal states.
Labubu Resale Prices Plunge on Sharp Supply Increase
Pop Mart increased production tenfold in 2025 to meet apparently insatiable demand for the cute-ugly collectibles.
China Retakes Top Spot Among Germany's Trading Partner
Trump tariffs cut German exports to the US by 7.4%, costing the US its longstanding place as Germany's top trading partner.
RTX Raises 2025 Forecast on Demand for Patriot Missiles
Despite a large hit from tariffs, the defense giant is seeing a big increase in demand for missile defense systems and aftermarket services.
Northrop Boosts 2025 Profit Forecast
Despite a downward sales revision on supply-chain fallouts from Trump's trade war, the defense giant raised its profit forecast for the second straight quarter.
Carmakers Scramble Ahead of China's Rare Earth Deadline
The threat of new Chinese export controls beginning November 8 puts carmakers at risk of having to shut down assembly lines unless they can secure ...
GM Shares Surge on 2025 Profits Revision
The leading US carmaker raised its profit guidance on continuing strong demand for cars and anticipated 3.75% tax credits for US-manufactured engines and cars to ...
Low Yen, Asia Demand Drive First Japan Export Growth in 5 Months
US tariff impact was more than offset by a weak yen that helped exports to China and the rest of Asia jump in September.
Trade Pact to Lower India Tariffs to 15%
A pending trade pact will cut US tariffs on India to 15 - 16% from the current rate of 50% following a Trump talk Tuesday ...
Airbus Opens 2nd China Assembly Plant
The Anglo-French firm will open its 10th global final assembly plant in Tianjin near Beijing to assemble its best-selling A320neo family of passenger jets.
Takaichi Plan to Cheapen Yen Boosts Dollar
Japan's new prime ministers has signaled a willingness to let inflation rise in a bid to stimulate an ailing economy, strengthening the dollar.
Asian Stocks Rise on Hope Trade Tensions Easing
The prospect of fruitful US-China trade talks sends Asia stocks up and Nikkei approaching new record.
Apple Nears $4 Trillion on Surging iPhone 17 Sales
Apple appears likely to join Nvidia and Microsoft in the $4-trillion club as its new iPhone outperforms predecessors in the US and China.
Fed Rate Cut Expected Despite Data Vaccuum
A rate cut is expected on spotty Fed data showing declining consumer spending and weak job growth.
Tariffs Peaked in May, Now Declining
Major global companies estimate $35 billion in tariffs for Q3, with declines expected moving forward as exceptions are being actively carved out by the US ...
Vietnam Budget Carrier Stops Flying China's COMAC C909
The decision appears to have been due not to operational issues but to the high cost of relying on foreign crews.
China's Rare-Earth Squeeze Felt Around the World
A 6.1% drop in September shipment of rare earth magnets has the world's top tech producing nations on edge.
China Bought No US Soybeans in September
For the first time in seven years China fulfilled its soybean requirements from South America, with zero shipments from the US due to high import ...
Vietnam Targets 10% GDP Growth in 2026
20% US tariffs hasn't suppressed Vietnam's strong export momentum from efforts by US importers to seek Vietnamese alternatives to Chinese manufacturers.
S. Korea Shows Off Unmanned AI Weaponry
The nation's largest-ever arms fair Friday features weapons promising AI precision with minimal human involvement.
Homebuilder Mood at 6-Month High on Mortgage Rate Hopes
Hope that the weakening economy will trigger a Fed interest rate cut has raised October homebuilder sentiment 5 points to 37 amid an 18-month slump.
Chinese Dutch Chipmaker Nexperia Caught in US-China Trade War
BMW and other carmakers are being affected by US-imposed restrictions on a Dutch subsidiary of Chinese chipmaker Wingtech.
Singles Day Extended to Weeks by Chinese Retailers
To entice consumer spending major Chinese retailers like Alibaba and JD.com have extended pre-Singles Day sales to several weeks before the actual holiday.
Carmakers Warn of US Disruptions from Nexperia Chip Conflict
US and Netherlands interference with operations of the Chinese Dutch chipmaker could soon cause stoppages at US auto assembly lines, says industry group.
Meta's AI Glasses Drive Ray-Ban Sales Surge
EssilorLuxottica's Q3 revenues for North America jumped 12.1% on surging sales of Meta AR glasses, prompting plans to build production capacity for 10 million units ...
Electric Aircraft Maker Beta Technologies Plans IPO
The Vermont-based maker of eVTOL and eCTOL aircraft and advanced electric propulsion systems hopes to raise up to $825 million for a 7.22 billion valuation.
Apple Unveils More Powerful Devices at Same Prices
Updates of MacBook Pro. iPad Pro and Vision Pro with more powerful, energy-efficient M5 chips is expected to draw more consumers seeking efficiency with AI ...
Nvidia Consortium Buys $40 Billion Data Center
The Artificial Intelligence Infrastructure Partnership led by Nvidia and Black Rock may deploy up to $100 billion in equity capital on AI data center investments.
India Exports to US Plunged in August
Up to 50% Trump tariffs on goods from India caused India's August exports to the US to plunge 20% and the trade deficit to hit ...
Surge Biswas's Nabla Bio Inks Deal with Takeda Pharmaceutical
The Japanese pharmaceutical giant will provide capital for the US biotech firm to develop protein-based therapeutics on its proprietary Joint Atomic Model AI platform.
Superintelligence Startup Lila Science Scores $1.3 Billion Valuation
Nvidia's prominence in a new funding round lends investor credibility to Lila's quest to develop a new level of AI that surpasses human intelligence.
BYD's 3rd Europe Plant Likely to Be Spain
Spain is likely to join Hungary and Turkey as production bases to help meet 280% jump in European demand for BYD EVs in 2025.
TSMC Q3 Profits Soar on AI Boom
Asia's most valuable company is projected to announce a whopping 28% jump in profits as it struggles to keep up with the demand to fabricate ...
OpenAI Pursues Custom Chips with Broadcom Deal
As Nvidia struggles to meet demand for AI GPUs OpenAI joins other tech giants in seeking to create chips tailored to its AI models.
Deals Making Up an Epic AI Boom Listed
Nvidia, OpenAI, Meta and Oracle are the bright stars anchoring constellations of multi-billion-dollar deals driving US tech growth.
Google Plans $15 Billion India AI Data Center
A 1-gigawatt data center campus will be built in Visakhapatnam in India's Andhra Pradesh province as Google seeks to become a leading global AI services ...
Indian Textile Exporters Turn to Europe, Discounts Amid US Tariffs
Trump tariffs of up to 50% force Indian textile exporters to seek new buyers in Europe, India's biggest and fastest growing market.
China Exports, Imports Surged to Record in September
Exports jumped 8.3% as Chinese manufacturers found alternative markets to offset impact of US tariffs.
Rupee to Get Central Bank Help Amid Rising US-China Tensions
The recent trade tiff between the world's two biggest economies could send the Indian currency to a new all-time low unless the central bank steps ...
China Car Sales Soared in September
With surging EVs making up well over half of all auto sales, Chinese domestic auto sales enjoyed its biggest month of the year.
China Pledges Significant Rise in Consumption
The next five year plan for China's central government envisions investing to improve personal incomes and boosting household consumption as a percentage of GDP.
Jobless Claims Continue Rising, Layoffs Stay Low
Despite lack of Labor Department data those available from most states hint at economic uncertainty amid disruption from tariffs and the government shutdown.
Volvo Cars Q3 Profits Quadruple Forecasts
Despite tariffs and intense competition Volvo quadrupled profit forecasts with aggressive cost-cutting measures and strong hybrid sales.
Tesla Bets New Models Don't Matter
The paucity of new models since the 2017 launch of the Model 3 sedan exposes Tesla's calculation that the promise of new technologies matters more ...
Anthropic Spends Tens of Billions on Google AI Chips
Anthropic's high growth rate for enterprise AI services justify spending tens of billions of dollars to increase processing capacity.
S. Korea Posts Modest Q3 GDP Gain
Strong chip demand and reviving consumer sentiment helped produce a 1.5% year-over-year growth despite headwinds from tariffs and fallout from US-China trade war.
Nexperia Resumes Supplying Chips to China Distributors
The China-based unit of automotive chipmaker Nexperia seeks to operate independently by requiring sales to be settled in yuan and limited to local distributors after ...
Tata Technologies to Hire More Locally in US
Trump's immigration restrictions and new $100,000 H-1B visa fees pressure Tata Technologies to hire more of its 12,000 global tech services workers from the US.
US in Talks for Stakes in Quantum Computing Firms
IonQ, Rigetti Computing and D-Wave Quantum are among firms in talks with White House officials under Trump's bid to mimic China's model of state support ...
Volkswagen Warns Workers of Stoppages on Nexperia Chip Crisis
When the Dutch government seized control of Chinese-owned Dutch chipmaker Nexperia, essential chip supplies for many global carmakers fell into doubt.
Uber Goes Green with EV Push
"Uber Green" service is unveiled along with a program to pay drivers $4,000 grants to buy a new or used EV in major liberal states.
Labubu Resale Prices Plunge on Sharp Supply Increase
Pop Mart increased production tenfold in 2025 to meet apparently insatiable demand for the cute-ugly collectibles.
China Retakes Top Spot Among Germany's Trading Partner
Trump tariffs cut German exports to the US by 7.4%, costing the US its longstanding place as Germany's top trading partner.
RTX Raises 2025 Forecast on Demand for Patriot Missiles
Despite a large hit from tariffs, the defense giant is seeing a big increase in demand for missile defense systems and aftermarket services.
Northrop Boosts 2025 Profit Forecast
Despite a downward sales revision on supply-chain fallouts from Trump's trade war, the defense giant raised its profit forecast for the second straight quarter.
Carmakers Scramble Ahead of China's Rare Earth Deadline
The threat of new Chinese export controls beginning November 8 puts carmakers at risk of having to shut down assembly lines unless they can secure ...
GM Shares Surge on 2025 Profits Revision
The leading US carmaker raised its profit guidance on continuing strong demand for cars and anticipated 3.75% tax credits for US-manufactured engines and cars to ...
Low Yen, Asia Demand Drive First Japan Export Growth in 5 Months
US tariff impact was more than offset by a weak yen that helped exports to China and the rest of Asia jump in September.
Trade Pact to Lower India Tariffs to 15%
A pending trade pact will cut US tariffs on India to 15 - 16% from the current rate of 50% following a Trump talk Tuesday ...
Airbus Opens 2nd China Assembly Plant
The Anglo-French firm will open its 10th global final assembly plant in Tianjin near Beijing to assemble its best-selling A320neo family of passenger jets.
Takaichi Plan to Cheapen Yen Boosts Dollar
Japan's new prime ministers has signaled a willingness to let inflation rise in a bid to stimulate an ailing economy, strengthening the dollar.
Asian Stocks Rise on Hope Trade Tensions Easing
The prospect of fruitful US-China trade talks sends Asia stocks up and Nikkei approaching new record.
Apple Nears $4 Trillion on Surging iPhone 17 Sales
Apple appears likely to join Nvidia and Microsoft in the $4-trillion club as its new iPhone outperforms predecessors in the US and China.
Fed Rate Cut Expected Despite Data Vaccuum
A rate cut is expected on spotty Fed data showing declining consumer spending and weak job growth.
Tariffs Peaked in May, Now Declining
Major global companies estimate $35 billion in tariffs for Q3, with declines expected moving forward as exceptions are being actively carved out by the US ...
Vietnam Budget Carrier Stops Flying China's COMAC C909
The decision appears to have been due not to operational issues but to the high cost of relying on foreign crews.
China's Rare-Earth Squeeze Felt Around the World
A 6.1% drop in September shipment of rare earth magnets has the world's top tech producing nations on edge.
China Bought No US Soybeans in September
For the first time in seven years China fulfilled its soybean requirements from South America, with zero shipments from the US due to high import ...
Vietnam Targets 10% GDP Growth in 2026
20% US tariffs hasn't suppressed Vietnam's strong export momentum from efforts by US importers to seek Vietnamese alternatives to Chinese manufacturers.
S. Korea Shows Off Unmanned AI Weaponry
The nation's largest-ever arms fair Friday features weapons promising AI precision with minimal human involvement.
Homebuilder Mood at 6-Month High on Mortgage Rate Hopes
Hope that the weakening economy will trigger a Fed interest rate cut has raised October homebuilder sentiment 5 points to 37 amid an 18-month slump.
Chinese Dutch Chipmaker Nexperia Caught in US-China Trade War
BMW and other carmakers are being affected by US-imposed restrictions on a Dutch subsidiary of Chinese chipmaker Wingtech.
Singles Day Extended to Weeks by Chinese Retailers
To entice consumer spending major Chinese retailers like Alibaba and JD.com have extended pre-Singles Day sales to several weeks before the actual holiday.
Carmakers Warn of US Disruptions from Nexperia Chip Conflict
US and Netherlands interference with operations of the Chinese Dutch chipmaker could soon cause stoppages at US auto assembly lines, says industry group.
Meta's AI Glasses Drive Ray-Ban Sales Surge
EssilorLuxottica's Q3 revenues for North America jumped 12.1% on surging sales of Meta AR glasses, prompting plans to build production capacity for 10 million units ...
Electric Aircraft Maker Beta Technologies Plans IPO
The Vermont-based maker of eVTOL and eCTOL aircraft and advanced electric propulsion systems hopes to raise up to $825 million for a 7.22 billion valuation.
Apple Unveils More Powerful Devices at Same Prices
Updates of MacBook Pro. iPad Pro and Vision Pro with more powerful, energy-efficient M5 chips is expected to draw more consumers seeking efficiency with AI ...
Nvidia Consortium Buys $40 Billion Data Center
The Artificial Intelligence Infrastructure Partnership led by Nvidia and Black Rock may deploy up to $100 billion in equity capital on AI data center investments.
India Exports to US Plunged in August
Up to 50% Trump tariffs on goods from India caused India's August exports to the US to plunge 20% and the trade deficit to hit ...
Surge Biswas's Nabla Bio Inks Deal with Takeda Pharmaceutical
The Japanese pharmaceutical giant will provide capital for the US biotech firm to develop protein-based therapeutics on its proprietary Joint Atomic Model AI platform.
Superintelligence Startup Lila Science Scores $1.3 Billion Valuation
Nvidia's prominence in a new funding round lends investor credibility to Lila's quest to develop a new level of AI that surpasses human intelligence.
BYD's 3rd Europe Plant Likely to Be Spain
Spain is likely to join Hungary and Turkey as production bases to help meet 280% jump in European demand for BYD EVs in 2025.
TSMC Q3 Profits Soar on AI Boom
Asia's most valuable company is projected to announce a whopping 28% jump in profits as it struggles to keep up with the demand to fabricate ...
OpenAI Pursues Custom Chips with Broadcom Deal
As Nvidia struggles to meet demand for AI GPUs OpenAI joins other tech giants in seeking to create chips tailored to its AI models.
Deals Making Up an Epic AI Boom Listed
Nvidia, OpenAI, Meta and Oracle are the bright stars anchoring constellations of multi-billion-dollar deals driving US tech growth.
Google Plans $15 Billion India AI Data Center
A 1-gigawatt data center campus will be built in Visakhapatnam in India's Andhra Pradesh province as Google seeks to become a leading global AI services ...
Indian Textile Exporters Turn to Europe, Discounts Amid US Tariffs
Trump tariffs of up to 50% force Indian textile exporters to seek new buyers in Europe, India's biggest and fastest growing market.
China Exports, Imports Surged to Record in September
Exports jumped 8.3% as Chinese manufacturers found alternative markets to offset impact of US tariffs.
Rupee to Get Central Bank Help Amid Rising US-China Tensions
The recent trade tiff between the world's two biggest economies could send the Indian currency to a new all-time low unless the central bank steps ...
China Car Sales Soared in September
With surging EVs making up well over half of all auto sales, Chinese domestic auto sales enjoyed its biggest month of the year.
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