China's Easing of Rare-Earth Restrictions Less than Hoped
The trade deal struck at the APEC summit hasn't made China willing to give up the bargaining power secured by tightening control over rare-earth exports.
Business
NASDAQ Had Worst Week Since April
AI bubble fears were compounded by Jensen Huang's comment about China winning the AI race, led to a 3% drop in the tech-heavy NASDAQ.
Demand for Nvidia's Blackwell Chips Strains Capacity
Despite being locked out of the China market for Nvidia's most advanced Blackwell chips, Jensen Huang seeks capacity output from key partners TSMC, Samsung, SK ...
Consumer Sentiment Sinks Deeper Than Expected
The dawning realization that Trump is determined to continue his disruptive policies that favor the wealthy over the working class appears to have contributed to ...
Musk's Epic Pay Package Elicits Analyst Chuckles
The package is seen as a common-sense way to incentivize Musk not to abandon a sinking ship and work to build the staggering $8.5-trillion valuation ...
China Resumes US Soybean Licenses, Log Imports
US-China trade begins a muted return toward a new normal after last week's uneasy truce following Trump's trade aggression and China's rare-earth counter.
Canada's Fall Job Growth Surprises
A surge of jobs in September and October offset most of Canada's job losses in July and August due to Trump tariffs.
Musk Wins Vote on $878 Billion Pay Package
Fearing Elon's Musk's departure could tank Tesla's skyhigh share prices, shareholders saw no alternative to handcuffing him for a decade with a record pay package.
October Layoffs Hit 20-Year High
Most of the 175% surge in layoffs were due to adoption of AI to replace tech and white-collar workers as corporate cost-cutting gathers steam.
US Holiday Sales to Set New Trillion-Plus Record
The National Retail Federation is projecting a 4.3% rise over the last November-December holiday period.
Ralph Lauren Raises Yearly Forecast on Sales Surge
The quintessential American designer label is reporting biggest sales jump in China followed by Europe and the US, showing that economic uncertainty hasn't dampened luxury ...
Microsoft's Superintelligence Team to Target Medical Diagnosis
The costly new AI team will begin with an application that will put it in direct competition with Meta while avoiding risks often associated with ...
BMW, BYD Competition Heats up with Plants in Hungary
European auto brands consider the challenges posed by the rise and global expansion of Chinese EV brands.
World Economic Forum Warns of 3 Bubbles
The international body sees possible bubbles in AI, crypto and debt.
Tesla Board Backs Record Pay Package to Handcuff Musk
Ahead of a Thursday shareholder vote the EV-maker pushes a pay package worth up to $878 billion as the only way to guarantee that Musk ...
Tesla Europe Sales in Free-Fall Amid Broad EV Surge
October Tesla sales in Germany fell by over half while EV auto registrations jumped 48%, confirming a Europe-wide crisis for the EV pioneer.
China Bans Foreign Chips from State-Funded Data Centers
In a bid to create a self-sufficient domestic AI supply chain China effectively bans Nvidia and AMD chips from any project receiving government funding.
McDonald's Beats Sales Forecasts with Value Meals
The world's top burger chain posted sales growth in an uncertain economy by catering to the hunger for low-cost meals.
India Becomes Production Hub for Japanese Carmakers
Pressured by Trump tariffs Toyota, Honda and Suzuki shift new production and export hubs away from China toward India.
Jobs Scarce Despite Rising Service Sector Activity
October saw solid growth in the service sector which accounts for two-thirds of US economic activity but job growth stayed weak amid continuing uncertainty over ...
Apple to Beef Up Siri with Google's AI Model
The arrangement would cost Apple $1 billion per year until it completes development of its own high-powered AI model.
China Will Win AI Race Says Jensen Huang
Having Nvidia chips locked out of the China market will keep China's massive developer base from participating in the US AI ecosystem, ultimately costing the ...
China Export Growth Slows After Pre-Tariff Front-Loading
October export growth slowed to around 3% after an 8.3% surge in September amid efforts to beat higher tariffs.
Vietnam Exports to US Drop 3rd Straight Month
The 20% tariffs that went into effect in August have dampened exports to the US even as overall exports grew 17.5% in October.
Honda Bets on Lighter Hybrid Platform
The new platform will accommodate both hybrid and ICE driven cars as automakers hedge their bets as the dawn of the full-EV era is temporarily ...
Toyota Profits Drop 2nd Consecutive Quarter
A 25% year-on-year profit drop for the world's top carmaker is due to its efforts to cushion US buyers from the full impact of tariffs ...
Tesla's October China Sales Plunge Trebles BYD's
EVs made in Tesla's Shanghai gigafactory suffered a 32.3% plunge in global sales while rival BYD enjoyed big surge in Europe.
Samsung Hit by $191 Million OLED Patent Verdict
The electronics giant was found to have infringed two Pictiva patents relating to technology for enhancing OLED performance.
Pace of China Factory Growth Slows
Tariff anxiety appears to be discouraging aggressive factory activity as PMI falls to 50.6 in October from 51.2 in September.
Japan October Factory Output Slowest in 19 Months
Slumping demand for cars and chips caused October PMI to slip further to 48.2 from 48.5 in September.
Samsung SDI to Supply Tesla Energy Storage Batteries
Tesla is diversifying supply chains from China while Samsung is repurposing battery capacity from EVs.
WeRide Sets HK IPO to Raise $308 Million
The Chinese self-driving technology developer seeks capital to expand its robotaxi service in China and overseas on the heels of a successful IPO by rival ...
Nintendo Boosts Forecast for Switch 2 Sales
The Kyoto-based gamemaker boosted its fiscal year sales forecast for the popular game device to 19 million from its initial 15 million projection.
US Car Sales Fall in October
The end of EV subsidies caused a 6.5% drop in car sales as EV sales for the month fell to 74,897 from 98,289 in September.
CEO Arvind Krishna Cuts Thousands of IBM Jobs
IBM's 270,000 workforce sees reductions as its cloud software segment recorded a slowdown in growth in October despite its ongoing shift away from hardware.
Perplexity's AI Shopping Agent Angers Amazon
Amazon demanded Perplexity block its Comet browser from deploying a shopping agent likely to become a curator of the Amazon experience, depriving the ecommerce site ...
Rivian Q3 Sales Surge to Beat End of EV Tax Credit
The EV startup saw Q3 sales jump 32% at a healthy average price of over $65,000.
AMD Raises Q4 Revenue Estimates
Surging demand for AI data centers causes the number 2 AI chipmaker to raise its Q4 projection a half billion dollars above analyst estimates.
Tinder Loses Paying Users
Tinder's paying users shrank by 5% as some defected to rival dating apps providing experiences deemed more meaningful than swiping right on photos.
Analysts Discuss First Real Asia Market Selloff in 7 Months
The AI-driven rise in tech stocks went too far or investors are just taking profits, depending on who you talk to.
Starbucks Sells Control of China Unit to Boyu
Tackling stiff competition from discount Chinese latte-makers Luckin and Cotti will require the $4 billion proceeds from the sale.
Global Manufacturing Declines on Full Force of Tariffs
From Asia to Europe manufacturing nations began to see the full impact of tariffs in October orders.
Tariffs Most Likely to Be Struck Down
Trump's misuse of the IEEPA to impose a long list of tariffs is likely to be declared invalid a week or two after Wednesday's Supreme ...
S. Korea GDP Grows on Exports, Consumer Stimulus
A brief slump triggered by a rogue martial law declaration and Trump tariffs are receding on surging exports of chips and ships, combined with government ...
Verizon-AWS Fiber-Optics Routes to Speed AI Connections
Surging demand for high-bandwidth data transmission from the AI boom will be able to access faster links to AI data centers.
Beta Technologies IPO Raises $1 Billion, Beat Price Range
The electric airplane maker achieved a $7.44 billion valuation with an IPO that sold shares above the planned range.
US Manufacturing Slump in Eighth Month from Tariff Disruptions
Trump tariffs have created a persisting supply-chain nightmare for US manufacturers, especially of computer and electronics products.
OpenAI-Amazon Deal Latest in Long List of 2025 AI Deals
The $38 billion deal to allow ChatGPT access to Amazon's hundreds of thousands of Nvidia processors comes on the heals of over a trillion dollars ...
Tesla Sales Plunged Again in Europe
Every European market except France saw Tesla's aging models lose half or more of its market share to explosive competition from Chinese EVs and EV ...
Russia to Continue Exports of Non-GMO Soybeans to China
The US-China trade deal won't impact Russia's status as the world's sole major exporter of non-GMO soybeans.
China's Easing of Rare-Earth Restrictions Less than Hoped
The trade deal struck at the APEC summit hasn't made China willing to give up the bargaining power secured by tightening control over rare-earth exports.
NASDAQ Had Worst Week Since April
AI bubble fears were compounded by Jensen Huang's comment about China winning the AI race, led to a 3% drop in the tech-heavy NASDAQ.
Demand for Nvidia's Blackwell Chips Strains Capacity
Despite being locked out of the China market for Nvidia's most advanced Blackwell chips, Jensen Huang seeks capacity output from key partners TSMC, Samsung, SK ...
Consumer Sentiment Sinks Deeper Than Expected
The dawning realization that Trump is determined to continue his disruptive policies that favor the wealthy over the working class appears to have contributed to ...
Musk's Epic Pay Package Elicits Analyst Chuckles
The package is seen as a common-sense way to incentivize Musk not to abandon a sinking ship and work to build the staggering $8.5-trillion valuation ...
China Resumes US Soybean Licenses, Log Imports
US-China trade begins a muted return toward a new normal after last week's uneasy truce following Trump's trade aggression and China's rare-earth counter.
Canada's Fall Job Growth Surprises
A surge of jobs in September and October offset most of Canada's job losses in July and August due to Trump tariffs.
Musk Wins Vote on $878 Billion Pay Package
Fearing Elon's Musk's departure could tank Tesla's skyhigh share prices, shareholders saw no alternative to handcuffing him for a decade with a record pay package.
October Layoffs Hit 20-Year High
Most of the 175% surge in layoffs were due to adoption of AI to replace tech and white-collar workers as corporate cost-cutting gathers steam.
US Holiday Sales to Set New Trillion-Plus Record
The National Retail Federation is projecting a 4.3% rise over the last November-December holiday period.
Ralph Lauren Raises Yearly Forecast on Sales Surge
The quintessential American designer label is reporting biggest sales jump in China followed by Europe and the US, showing that economic uncertainty hasn't dampened luxury ...
Microsoft's Superintelligence Team to Target Medical Diagnosis
The costly new AI team will begin with an application that will put it in direct competition with Meta while avoiding risks often associated with ...
BMW, BYD Competition Heats up with Plants in Hungary
European auto brands consider the challenges posed by the rise and global expansion of Chinese EV brands.
World Economic Forum Warns of 3 Bubbles
The international body sees possible bubbles in AI, crypto and debt.
Tesla Board Backs Record Pay Package to Handcuff Musk
Ahead of a Thursday shareholder vote the EV-maker pushes a pay package worth up to $878 billion as the only way to guarantee that Musk ...
Tesla Europe Sales in Free-Fall Amid Broad EV Surge
October Tesla sales in Germany fell by over half while EV auto registrations jumped 48%, confirming a Europe-wide crisis for the EV pioneer.
China Bans Foreign Chips from State-Funded Data Centers
In a bid to create a self-sufficient domestic AI supply chain China effectively bans Nvidia and AMD chips from any project receiving government funding.
McDonald's Beats Sales Forecasts with Value Meals
The world's top burger chain posted sales growth in an uncertain economy by catering to the hunger for low-cost meals.
India Becomes Production Hub for Japanese Carmakers
Pressured by Trump tariffs Toyota, Honda and Suzuki shift new production and export hubs away from China toward India.
Jobs Scarce Despite Rising Service Sector Activity
October saw solid growth in the service sector which accounts for two-thirds of US economic activity but job growth stayed weak amid continuing uncertainty over ...
Apple to Beef Up Siri with Google's AI Model
The arrangement would cost Apple $1 billion per year until it completes development of its own high-powered AI model.
China Will Win AI Race Says Jensen Huang
Having Nvidia chips locked out of the China market will keep China's massive developer base from participating in the US AI ecosystem, ultimately costing the ...
China Export Growth Slows After Pre-Tariff Front-Loading
October export growth slowed to around 3% after an 8.3% surge in September amid efforts to beat higher tariffs.
Vietnam Exports to US Drop 3rd Straight Month
The 20% tariffs that went into effect in August have dampened exports to the US even as overall exports grew 17.5% in October.
Honda Bets on Lighter Hybrid Platform
The new platform will accommodate both hybrid and ICE driven cars as automakers hedge their bets as the dawn of the full-EV era is temporarily ...
Toyota Profits Drop 2nd Consecutive Quarter
A 25% year-on-year profit drop for the world's top carmaker is due to its efforts to cushion US buyers from the full impact of tariffs ...
Tesla's October China Sales Plunge Trebles BYD's
EVs made in Tesla's Shanghai gigafactory suffered a 32.3% plunge in global sales while rival BYD enjoyed big surge in Europe.
Samsung Hit by $191 Million OLED Patent Verdict
The electronics giant was found to have infringed two Pictiva patents relating to technology for enhancing OLED performance.
Pace of China Factory Growth Slows
Tariff anxiety appears to be discouraging aggressive factory activity as PMI falls to 50.6 in October from 51.2 in September.
Japan October Factory Output Slowest in 19 Months
Slumping demand for cars and chips caused October PMI to slip further to 48.2 from 48.5 in September.
Samsung SDI to Supply Tesla Energy Storage Batteries
Tesla is diversifying supply chains from China while Samsung is repurposing battery capacity from EVs.
WeRide Sets HK IPO to Raise $308 Million
The Chinese self-driving technology developer seeks capital to expand its robotaxi service in China and overseas on the heels of a successful IPO by rival ...
Nintendo Boosts Forecast for Switch 2 Sales
The Kyoto-based gamemaker boosted its fiscal year sales forecast for the popular game device to 19 million from its initial 15 million projection.
US Car Sales Fall in October
The end of EV subsidies caused a 6.5% drop in car sales as EV sales for the month fell to 74,897 from 98,289 in September.
CEO Arvind Krishna Cuts Thousands of IBM Jobs
IBM's 270,000 workforce sees reductions as its cloud software segment recorded a slowdown in growth in October despite its ongoing shift away from hardware.
Perplexity's AI Shopping Agent Angers Amazon
Amazon demanded Perplexity block its Comet browser from deploying a shopping agent likely to become a curator of the Amazon experience, depriving the ecommerce site ...
Rivian Q3 Sales Surge to Beat End of EV Tax Credit
The EV startup saw Q3 sales jump 32% at a healthy average price of over $65,000.
AMD Raises Q4 Revenue Estimates
Surging demand for AI data centers causes the number 2 AI chipmaker to raise its Q4 projection a half billion dollars above analyst estimates.
Tinder Loses Paying Users
Tinder's paying users shrank by 5% as some defected to rival dating apps providing experiences deemed more meaningful than swiping right on photos.
Analysts Discuss First Real Asia Market Selloff in 7 Months
The AI-driven rise in tech stocks went too far or investors are just taking profits, depending on who you talk to.
Starbucks Sells Control of China Unit to Boyu
Tackling stiff competition from discount Chinese latte-makers Luckin and Cotti will require the $4 billion proceeds from the sale.
Global Manufacturing Declines on Full Force of Tariffs
From Asia to Europe manufacturing nations began to see the full impact of tariffs in October orders.
Tariffs Most Likely to Be Struck Down
Trump's misuse of the IEEPA to impose a long list of tariffs is likely to be declared invalid a week or two after Wednesday's Supreme ...
S. Korea GDP Grows on Exports, Consumer Stimulus
A brief slump triggered by a rogue martial law declaration and Trump tariffs are receding on surging exports of chips and ships, combined with government ...
Verizon-AWS Fiber-Optics Routes to Speed AI Connections
Surging demand for high-bandwidth data transmission from the AI boom will be able to access faster links to AI data centers.
Beta Technologies IPO Raises $1 Billion, Beat Price Range
The electric airplane maker achieved a $7.44 billion valuation with an IPO that sold shares above the planned range.
US Manufacturing Slump in Eighth Month from Tariff Disruptions
Trump tariffs have created a persisting supply-chain nightmare for US manufacturers, especially of computer and electronics products.
OpenAI-Amazon Deal Latest in Long List of 2025 AI Deals
The $38 billion deal to allow ChatGPT access to Amazon's hundreds of thousands of Nvidia processors comes on the heals of over a trillion dollars ...
Tesla Sales Plunged Again in Europe
Every European market except France saw Tesla's aging models lose half or more of its market share to explosive competition from Chinese EVs and EV ...
Russia to Continue Exports of Non-GMO Soybeans to China
The US-China trade deal won't impact Russia's status as the world's sole major exporter of non-GMO soybeans.
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