Growth Slowed for China Factory Output, Retail Sales
Both industrial output and retail sales grew in August but slowed from July levels as China copes with uncertainties caused by Trump tariffs.
Business
China Struggles to Tame Involution Blight
Hyper-competition among domestic companies in sectors like EVs, solar panels and consumer electronics is an economic blight arising from growing industrial overcapacity.
OpenAI to Cut Microsoft's Share of Revenues by 60%
By cutting the revenues it shares with commercial partners by the end of the decade OpenAI hopes to keep $50 billion more of its revenues ...
xAI Lays Off Hundreds of Generalist AI Tutors
The move is prelude to a tenfold increase in the specialist AI tutor side amid a shift in its AI training model.
Global EV Sales Growth Slowed in August
A big dip in China's August EV sales was partially made up by stronger sales in the US and Europe and is expected to followed ...
FTC Probes Google, Amazon for Possibly Misleading Advertisers
Search ads sold by Google and Amazon are suspected by the Federal Trade Commission of misleading advertisers as to pricing and terms.
US Consumer Sentiment Slips Again in September
Concerns about rising inflation due to tariffs weigh heavily on consumer sentiment.
US Launches Pilot Program to Speed Air Taxi Deployment
The FAA program will include at least five partnerships between private companies and various state and local governments.
Hyundai Battery Plant Startup Set Back 2-3 Months by ICE Raid
Completion of construction on the Hyundai-LG Chem Georgia EV battery plant has been set back by at least 2 or 3 months due to last ...
Quantum Computing Race Leaders Analyzed
Among tech giants and dozens of startups that have entered the race to develop the first practical quantum computers, here are a dozen or so ...
Oracle Revives AI Blue Sky for Investors
The surge in demand for AI cloud services is pumping up Oracle stock and injecting fresh optimism into the global AI chip sector.
Consumer Inflation, Jobless Rate Heat Up
Americans are facing broad-based inflation while a tight job market elevates weekly new unemployment claims to the highest level in four year.
China EV Tech Changes Global Auto Design, Pricing
As China wins recognition as a global leader in EV technology, carmakers have begun to license its technology in order to compete against Chinese carmakers.
Amazon Developing AR Glasses to Rival Meta's
Augmented reality glasses featuring microphones, speakers, camera and full-color display are planned for late 2026 or 3arly 2027 release by Amazon.
US Loses Billions of Dollars of Soybean Sales to China
Trump tariffs have caused US soybean farmers to lose tens of millions of metric tons of sales to more expensive Brazilian soybean exports.
PsiQuantum Attains $7 Billion Valuation, Nvidia Tie-Up
The global leader in photonic quantum computing hopes to accelerate adoption by cooperating with Nvidia to devise software to run applications on quantum processors.
Hongqi to Launch 15 Luxury EVs in Europe by 2028
The Chinese state-owned carmaker plans to open 200 dealership across 25 European markets.
US Small Businesses Constrained by Lack of Quality Labor
Trump's deportation push has created an acute shortage of quality construction workers.
Europe's AI Prospects Improve with ASML Stake in France's Mistral
The $1.5 billion investment by the Dutch leader in cutting-edge chip-etching equipment gives Mistral wherewithal to compete against the AI onslaught from the US and ...
Microsoft Signs $19.4 Billion Deal with Nebius
Desperate for more capacity to deliver AI services Microsoft signed a 5-year deal with the Netherlands-based infrastructure firm spun off from a unit of Russian ...
Market Impact of Massive Downgrade in Job Creation
A 911,000 downward revision of jobs created through March is seen as already folded into in the Fed's anticipated 25-basis-point rate cut later this month.
Boeing Deliveries Surge Past 2024 Levels
Boeing deliveries of 385 jets by August 31 surpassed full-year 2024 total.
Apple Holds Down iPhone Air Prices
To avoid losing ground to strong competition from the Samsung S25 Edge, Apple is eating tariff costs on the iPhone Air to keep prices steady ...
China Consumer Prices Decline Accelerates
Producer deflation eased in August even as consumer prices fell at their fastest pace in six months.
How Can Tesla Hit $8.5 Trillion Valuation?
A fantastic amount of hope and hype over robotaxis and robotics is required for Tesla to reach a valuation sufficient to earn Elon Musk his ...
European Carmakers Face Crisis with Models at Munich Show
Faced with tariffs, surging Chinese imports and shrinking China sales, European automakers unveil cheaper new models designed to compete against Chinese imports.
Polestar 5 Debuts in Munich
The $140,000 EV sports car won't be sold in the US or China in the near future.
China's Exports to Russia Shrank Dramatically in August
In a sign of the pain being felt by Russian consumers due to Putin's war, China's outbound shipments to Russia shrank 16.4% in August from ...
Tesla Share of US Market Lowest in 8 Years
Even as US EV sales shot up by 24% in August Tesla's share plunged to just 38% of the US market in August.
BYD Projects PHEV Sales to Dominate in Near Term
With production to begin in Hungary and Turkey, all BYD EVs sold in Europe will be produced in Europe by 2027.
China Export Growth Continued in August
Despite upwards of 55% US tariffs China's export machine logged a 4.4% year-on-year export growth.
High-Fashion Brands to Pack Runways in Bid to End Slump
Brands like Chanel and Dior seek to reconnect with customer bases after a two-year slump following a post-pandemic boom.
Cause of Recent US Economic Slowdown
Four leading AI chatbots reveal their analyses of the factors responsible for the recent US economic slowdown. Most agree that Trump policies are behind the ...
BMW Expects Margin Parity by 2026 with New China EV Series
With a 40 to 50% cost reduction in batteries for its Neue Klasse iX3 EVs in China, BMW hopes to achieve the same margins as ...
Once Bright Star Among Chinese EV Makers Revived with State Help
WM Motor, once one of a handful of China's most promising EV makers, will resume production with new backing by the Shanghai and Wenzhou municipal ...
Job Growth Stalls on Trump Disruptions
Irrational levels of tariffs on imports essential to US businesses and consumers is reducing the business confidence needed to create new jobs.
Struggling Tesla Awards Musk $1 Trillion
A compensation package worth up to $1 trillion is proposed by a Tesla board that's apparently under Elon Musk's total control.
Even 15% Tariffs Damage Japan's Small Carmakers
Subaru, Mitsubishi and Mazda will struggle to sell cars in the key US market at tariffs that will be 6 times former levels.
Jobless Claims Rise More Than Expected
Uncertainty created by Trump tariffs and deportation drive is blamed for reluctance among employers to add staff.
OpenAI to Make Own AI Chips with Broadcom
OpenAI is only one of several AI leaders seeking to produce their own AI processors to cut reliance on Nvidia GPUs to train and run ...
Korean Carmakers Hit with Lower Tariffs on Japanese Cars
Japan's pledge to invest $550 billion in the US won its carmakers an auto tariff reduction to 15% while S. Korean autos face 25% tariffs.
China Nvidia GPU Demand Hot Despite Beijing Suppression
Despite US controls and Beijing's quest for AI independence, Nvidia enjoys insatiable demand from Chinese firms on superior quality and shortages of current-gen domestic AI ...
Avride to Enter Robotaxi Scene with Uber Dallas
Avride joins several other autonomous driving startups in the robotaxi market, starting with a trial run in Dallas through Uber after having spent a year ...
India Seeks Alternative Markets for Cheap Generics
Uncertainty over US tariffs and a deteriorating relationship between the two nations has spurred Indian pharmaceutical companies to seek alternative buyers in China, Southeast Asia, ...
Russian Exporters Suffer Continuing Chinese Payment Delays
Assurances from China to Russian officials have failed to speed up payment processing by Chinese firms buying Russian mineral exports.
July Trade Deficit Soared on Rush to Beat Tariffs
Uncertainty as to just how high Trump intended to raise tariffs on export powers China, Taiwan, S. Korea and Japan spurred consumers and businesses to ...
Jury Finds Google Liable for Using Personal Data
A federal jury found Google liable for $425 million in damages for continuing to use personal data after users had turned off tracking.
New Mexico to Develop Quantum Computing Center
As quantum computing developments accelerate New Mexico will invest $315 million to become a hosting center for the budding industry.
Novartis Signs $5.2 Billion Deal for Argo RNAi Heart Drugs
The Chinese biopharmaceutical firm develops therapeutics using RNA interference (RNAi) technology to silence genes that contribute to heart disease.
Dollar Tree Gets Richer Shoppers but Squeezed by Tariffs
The discount retail chain sees growth among more affluent consumers but suffers lower margins as it seeks to mitigate tariff impact.
Growth Slowed for China Factory Output, Retail Sales
Both industrial output and retail sales grew in August but slowed from July levels as China copes with uncertainties caused by Trump tariffs.
China Struggles to Tame Involution Blight
Hyper-competition among domestic companies in sectors like EVs, solar panels and consumer electronics is an economic blight arising from growing industrial overcapacity.
OpenAI to Cut Microsoft's Share of Revenues by 60%
By cutting the revenues it shares with commercial partners by the end of the decade OpenAI hopes to keep $50 billion more of its revenues ...
xAI Lays Off Hundreds of Generalist AI Tutors
The move is prelude to a tenfold increase in the specialist AI tutor side amid a shift in its AI training model.
Global EV Sales Growth Slowed in August
A big dip in China's August EV sales was partially made up by stronger sales in the US and Europe and is expected to followed ...
FTC Probes Google, Amazon for Possibly Misleading Advertisers
Search ads sold by Google and Amazon are suspected by the Federal Trade Commission of misleading advertisers as to pricing and terms.
US Consumer Sentiment Slips Again in September
Concerns about rising inflation due to tariffs weigh heavily on consumer sentiment.
US Launches Pilot Program to Speed Air Taxi Deployment
The FAA program will include at least five partnerships between private companies and various state and local governments.
Hyundai Battery Plant Startup Set Back 2-3 Months by ICE Raid
Completion of construction on the Hyundai-LG Chem Georgia EV battery plant has been set back by at least 2 or 3 months due to last ...
Quantum Computing Race Leaders Analyzed
Among tech giants and dozens of startups that have entered the race to develop the first practical quantum computers, here are a dozen or so ...
Oracle Revives AI Blue Sky for Investors
The surge in demand for AI cloud services is pumping up Oracle stock and injecting fresh optimism into the global AI chip sector.
Consumer Inflation, Jobless Rate Heat Up
Americans are facing broad-based inflation while a tight job market elevates weekly new unemployment claims to the highest level in four year.
China EV Tech Changes Global Auto Design, Pricing
As China wins recognition as a global leader in EV technology, carmakers have begun to license its technology in order to compete against Chinese carmakers.
Amazon Developing AR Glasses to Rival Meta's
Augmented reality glasses featuring microphones, speakers, camera and full-color display are planned for late 2026 or 3arly 2027 release by Amazon.
US Loses Billions of Dollars of Soybean Sales to China
Trump tariffs have caused US soybean farmers to lose tens of millions of metric tons of sales to more expensive Brazilian soybean exports.
PsiQuantum Attains $7 Billion Valuation, Nvidia Tie-Up
The global leader in photonic quantum computing hopes to accelerate adoption by cooperating with Nvidia to devise software to run applications on quantum processors.
Hongqi to Launch 15 Luxury EVs in Europe by 2028
The Chinese state-owned carmaker plans to open 200 dealership across 25 European markets.
US Small Businesses Constrained by Lack of Quality Labor
Trump's deportation push has created an acute shortage of quality construction workers.
Europe's AI Prospects Improve with ASML Stake in France's Mistral
The $1.5 billion investment by the Dutch leader in cutting-edge chip-etching equipment gives Mistral wherewithal to compete against the AI onslaught from the US and ...
Microsoft Signs $19.4 Billion Deal with Nebius
Desperate for more capacity to deliver AI services Microsoft signed a 5-year deal with the Netherlands-based infrastructure firm spun off from a unit of Russian ...
Market Impact of Massive Downgrade in Job Creation
A 911,000 downward revision of jobs created through March is seen as already folded into in the Fed's anticipated 25-basis-point rate cut later this month.
Boeing Deliveries Surge Past 2024 Levels
Boeing deliveries of 385 jets by August 31 surpassed full-year 2024 total.
Apple Holds Down iPhone Air Prices
To avoid losing ground to strong competition from the Samsung S25 Edge, Apple is eating tariff costs on the iPhone Air to keep prices steady ...
China Consumer Prices Decline Accelerates
Producer deflation eased in August even as consumer prices fell at their fastest pace in six months.
How Can Tesla Hit $8.5 Trillion Valuation?
A fantastic amount of hope and hype over robotaxis and robotics is required for Tesla to reach a valuation sufficient to earn Elon Musk his ...
European Carmakers Face Crisis with Models at Munich Show
Faced with tariffs, surging Chinese imports and shrinking China sales, European automakers unveil cheaper new models designed to compete against Chinese imports.
Polestar 5 Debuts in Munich
The $140,000 EV sports car won't be sold in the US or China in the near future.
China's Exports to Russia Shrank Dramatically in August
In a sign of the pain being felt by Russian consumers due to Putin's war, China's outbound shipments to Russia shrank 16.4% in August from ...
Tesla Share of US Market Lowest in 8 Years
Even as US EV sales shot up by 24% in August Tesla's share plunged to just 38% of the US market in August.
BYD Projects PHEV Sales to Dominate in Near Term
With production to begin in Hungary and Turkey, all BYD EVs sold in Europe will be produced in Europe by 2027.
China Export Growth Continued in August
Despite upwards of 55% US tariffs China's export machine logged a 4.4% year-on-year export growth.
High-Fashion Brands to Pack Runways in Bid to End Slump
Brands like Chanel and Dior seek to reconnect with customer bases after a two-year slump following a post-pandemic boom.
Cause of Recent US Economic Slowdown
Four leading AI chatbots reveal their analyses of the factors responsible for the recent US economic slowdown. Most agree that Trump policies are behind the ...
BMW Expects Margin Parity by 2026 with New China EV Series
With a 40 to 50% cost reduction in batteries for its Neue Klasse iX3 EVs in China, BMW hopes to achieve the same margins as ...
Once Bright Star Among Chinese EV Makers Revived with State Help
WM Motor, once one of a handful of China's most promising EV makers, will resume production with new backing by the Shanghai and Wenzhou municipal ...
Job Growth Stalls on Trump Disruptions
Irrational levels of tariffs on imports essential to US businesses and consumers is reducing the business confidence needed to create new jobs.
Struggling Tesla Awards Musk $1 Trillion
A compensation package worth up to $1 trillion is proposed by a Tesla board that's apparently under Elon Musk's total control.
Even 15% Tariffs Damage Japan's Small Carmakers
Subaru, Mitsubishi and Mazda will struggle to sell cars in the key US market at tariffs that will be 6 times former levels.
Jobless Claims Rise More Than Expected
Uncertainty created by Trump tariffs and deportation drive is blamed for reluctance among employers to add staff.
OpenAI to Make Own AI Chips with Broadcom
OpenAI is only one of several AI leaders seeking to produce their own AI processors to cut reliance on Nvidia GPUs to train and run ...
Korean Carmakers Hit with Lower Tariffs on Japanese Cars
Japan's pledge to invest $550 billion in the US won its carmakers an auto tariff reduction to 15% while S. Korean autos face 25% tariffs.
China Nvidia GPU Demand Hot Despite Beijing Suppression
Despite US controls and Beijing's quest for AI independence, Nvidia enjoys insatiable demand from Chinese firms on superior quality and shortages of current-gen domestic AI ...
Avride to Enter Robotaxi Scene with Uber Dallas
Avride joins several other autonomous driving startups in the robotaxi market, starting with a trial run in Dallas through Uber after having spent a year ...
India Seeks Alternative Markets for Cheap Generics
Uncertainty over US tariffs and a deteriorating relationship between the two nations has spurred Indian pharmaceutical companies to seek alternative buyers in China, Southeast Asia, ...
Russian Exporters Suffer Continuing Chinese Payment Delays
Assurances from China to Russian officials have failed to speed up payment processing by Chinese firms buying Russian mineral exports.
July Trade Deficit Soared on Rush to Beat Tariffs
Uncertainty as to just how high Trump intended to raise tariffs on export powers China, Taiwan, S. Korea and Japan spurred consumers and businesses to ...
Jury Finds Google Liable for Using Personal Data
A federal jury found Google liable for $425 million in damages for continuing to use personal data after users had turned off tracking.
New Mexico to Develop Quantum Computing Center
As quantum computing developments accelerate New Mexico will invest $315 million to become a hosting center for the budding industry.
Novartis Signs $5.2 Billion Deal for Argo RNAi Heart Drugs
The Chinese biopharmaceutical firm develops therapeutics using RNA interference (RNAi) technology to silence genes that contribute to heart disease.
Dollar Tree Gets Richer Shoppers but Squeezed by Tariffs
The discount retail chain sees growth among more affluent consumers but suffers lower margins as it seeks to mitigate tariff impact.
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