China's "Instant Retail" Price War Raises Fears of Deflationary Spiral
Meal and merchandise delivery under an hour combined with "zero-yuan" price competition is seen as producing a destructive retail environment in which there are only ...
Business
Strong Earnings Growth in AI Sector, Struggle in Others
Companies serving the AI race are enjoying stellar earnings but those serving consumers see tariff uncertainty taking a toll.
$1 Bil Worth of Nvidia AI GPUs Smuggled into China
Stringent US export controls couldn't keep China's black marketeers from smuggling in $1 billion worth of high-end B200 GPUs for building AI models and server ...
Hyundai Q2 Earnings Take Hit from Tariffs, Sees More Pain in Q3
Hyundai joins GM, Stellantis and Tesla in reporting a profit downturn due to higher costs caused by tariffs.
S. Korea Sees US Shipbuilding Renaissance As Bargaining Chip in Tariff Talks
US ambition to build up shipbuilding capacity would benefit from joint ventures with top Korean shipymakers like Hanwha Ocean and HD Hyundai.
Neuralink Plans 20,000 Surgical Implants per Year
Five clinics implanting three devices will drive $1 billion annual revenues by 2031 according to investor documents released by Elon Musk's Neuralink.
Tokenization Is the Next Big Thing in Finance — Or Not
Holding and trading fragments of underlying assets using blockchain-based tokens may revolutionize global finance, or it could prove to be its undoing by injecting unnecessary ...
Google Gemini, OpenAI Gold Medal in Math Olympiad, Advancing AI
The successful deployment of AI models to solve five out of six math problems at the International Mathematical Olympiad suggests a great leap forward in ...
Stellantis Taps China's Leapmotor EVs to Spearhead Push into South Africa
South African demand for low-end EVs can be met profitably by a carmaker known for its sub-$18,000 all-electric SUV equipped with lidar technology.
GM Takes $1 Bil. Hit from Tariffs
Far from boosting US industry, Trump's tariffs are taking a heavy toll on the supply-chain efficiencies built up over decades by US manufacturers.
Trump Plans About Face on Some US AI Policies with Push for Exports
Policies that hurt aggressive AI exports are deprecated in a Trump plan to promote open source AI development and unbridled export of American AI technology.
Alibaba's Open-Source AI Coder Said to Equal Anthropic, OpenAI
One of China's leading tech giants has released an open-source AI coding model said to outperform those of DeepSeek in agentic AI coding tasks.
Trade Deal Lowers Japan Auto Tariffs Below Mexico, Canada
The agreement would favor imports from Japan over those of US companies assembling vehicles in Mexico and Canada.
US Big Three Carmakers Feel Handicapped by Japan Tariff Deal
American cars assembled in Mexico and Canada face higher tariffs than those imported from Japan.
Dollar Down 6.6% Since April, Slips on Japan Tariff Deal
Sliding of the dollar index suggests investors believe Trump's tariff machinations poise the US economy for weakness.
Korea's Apple Farmers Fear Being Sacrificed in US Trade Talks
South Korea's famous apples are too pricey to compete against US imports if floodgates are opened in an effort to spare auto and electronic exports ...
$116 Bil. May Inflows into Euro Zone Debt Suggests Jitters About US
Trump's erratic threats of irrational tariffs and destructive migrant deportations have given foreign investors reason to be concerned for US economic stability.
China Still Keeps Antimony, Germanium Exports to a Strategic Trickle
US production of weapons and semiconductors are hampered by tight Chinese control over two strategic elements despite a trade deal that has freed up other ...
China Rare-Earth Magnet Exports Septuple in June
Pacts to loosen trade-war restrictions on both sides have allowed rare-earth magnet exports to surge toward normal levels from May lows.
Hua Fung Teh Says ONE Championship IPO in Works
A US exchange is being considered for an IPO for Group ONE Holdings, according to its co-founder and president.
Crypto Stocks Jump on House Passage of Stablecoin Bill
A bill to legitimize dollar-pegged stablecoins under the SEC regulatory framework has created euphoria in the blockchain ecosystem.
Chinese Robotics Firm Unitree Begins IPO Process
Economically productive humanoid robots with AI-enabled brains is the focus of Unitree's R&D.
China Spy Agency Targets Illicit Rare Earth Shipments to US
Infiltration and espionage targeting "critical" mineral sector by foreign spy agencies has become the focus of China's State Security as it tries to maintain tight ...
June Retail Sales Beat Expectations Amid Dread of Coming Tariffs
Anticipating higher prices when full tariffs kick in, US consumers made purchases to stay ahead of tariffs, driving up June retail sales.
Jiajun Zhu's Nuro Self-Driving Tech, Lucid Cars Picked for Uber Robotaxi Venture
Uber plans to launch a robotaxi service in 2026 with SUVs from troubled EV-maker Lucid and self-driving technology from startup Nuro.
Top AI Talent Poached by Meta in Zuckerberg Quest for Superintelligence
Asian AI researchers make up the bulk of talent poached from other AI leaders.
China Gets Around High Steel Tariffs with Billets
Semi-finished steel blocks face only a fraction of the tariff levels of finished steel products, allowing billets to be exported profitably to many key steel ...
Putin's High War-Footing Interest Rates Cause Debt-Service Distress
Diverting productive capacity to war production made Russian interest rates soar, greatly increasing business debt burden and prompting more distressed asset sales.
China's Hailanyun Data Center Stays Cool Underwater
To cut the huge amounts of electricity used to cool data centers, a Shanghai-based company is putting its data centers under coastal waters.
Fed Outlook Pessimistic on Loss of Migrant Labor, Rising Tariff Impact
Businesses complain to the Federal Reserve about growing difficulties from loss of immigrant labor and disruptions as more tariffs go into effect.
Chinese Undersea Telecom Cable Tech to Be Banned by US
Citing national security concerns the FCC plans to issue rules prohibiting connections to Chinese-made undersea cable technology.
Weight-Loss Drug from Kailera Partner Jiangsu Hengrui Aces Late-Stage Trial
Jiangsu's KAI-9531, licensed by US-based Kailera, helped patients achieve big body weight loss in late-stage study, paving way for lower-cost GLP-1 drugs in US.
Geely Takes Premium EV Brand Zeekr Private at $6.83 Bil. Valuation
In the face of intensifying EV competition in China Geely seeks operational efficiency by taking full control of the brand that showcases its cutting-edge EV ...
Consumer Prices Jumped in June on Tariffs Despite Flat Service Prices
The impact of tariffs on various consumer goods caused the CPI to increase at the highest rate in five months despite flat or lower costs ...
Tesla Enters India with $70,000 Model Y on High EV Tariffs
Tesla's Model Y will be priced about 40% higher in India than in other major markets, putting it in a small premium segment occupied by ...
Nvidia Sees Huge Demand as China GPU Sales Set to Resume
Pending export license approval will let Nvidia resume satisfying the nearly insatiable demand for its GPUs from Chinese tech giants and AI startups.
Nvidia H20 GPU for China Sees Huge Demand on Pending US License Approval
Nvidia's dumbed-down H20 AI GPU for the China market is expected to receive billions of dollars in orders as the US government is set to ...
China's Economy Keeps Growing on Pay Cuts and Side Hustles
Downward pressure from weak consumer demand and tariffs is being offset by widespread sacrifices in the form of lower pay and more hours at side ...
China Exports Resumed Growth in June
Chinese exporters took advantage of a lull in trade frictions to rush out goods that had been caught in a web of uncertainty over tariffs.
Investors React to China Topping June Growth Forecasts
China's GDP and industrial output grew faster than expected in June, leaving most investors relieved.
Asia's Legacy Carmakers Look to Retain US Market Share Despite Tariffs
Toyota and Hyundai rely too much on the US for the bulk of its profits to give up their hard-earned market share.
Global June EV Sales Jumped 24% Despite Laggard US
The developed world embraces the inevitable shift to EVs while much of America is still sitting on the fence.
Russian Stocks, Ruble Surge on Lameness of Trump Threat
Investors in Russian assets consider Trump's threats of new sanctions in 50 days as having little impact on the nation's economic prospects.
US Aims to Break China's Rare-Earth Dominance with 100% Subsidies
Desperate to end China's ability to stall US defense and EV production, the US government will pay twice the going rate for rare earths currently ...
AI Giants Get $800 Million Defense Department Contracts
Google, Anthropic, OpenAI and xAI all score $200 mil. Defense Department contracts aimed at adding AI capabilities to US warfighting and security capabilities.
GM to Produce Lower-Cost LFP Batteries with LG Chem
To lower the cost of EV batteries and make them more durable and cold-resistant, General Motors is shifting production toward lithium-iron-phosphate batteries in its Tennessee ...
Carbon Removal Credit Purchases by Group Led by Google, Meta Help Startups
A coalition called Frontier helps fund carbon-capture startups seeking to remove some of the billions of tons of carbon emissions degrading life on earth.
Superintelligence Quest Inspires Zuckerberg to Pledge Hundreds of Billions
Meta's frantic poaching of top AI talent is the prelude to Mark Zuckerberg's quest for superintelligence at a cost of hundreds of billions of dollars.
Taiwan's TiSpace Fails to Orbit Test Rocket in Japan Launch
TiSpace is one of several Asian private rocket companies looking to enter the space flight market.
Windsurf's Douglas Chen, Varun Mohan Hired by Google in $2.4 Bil. Deal
The AI coding startup will receive a $2.4 billion licensing fee while co-founders Varun Mohan and Douglas Chen will go to work in Google's DeepMind ...
China's "Instant Retail" Price War Raises Fears of Deflationary Spiral
Meal and merchandise delivery under an hour combined with "zero-yuan" price competition is seen as producing a destructive retail environment in which there are only ...
Strong Earnings Growth in AI Sector, Struggle in Others
Companies serving the AI race are enjoying stellar earnings but those serving consumers see tariff uncertainty taking a toll.
$1 Bil Worth of Nvidia AI GPUs Smuggled into China
Stringent US export controls couldn't keep China's black marketeers from smuggling in $1 billion worth of high-end B200 GPUs for building AI models and server ...
Hyundai Q2 Earnings Take Hit from Tariffs, Sees More Pain in Q3
Hyundai joins GM, Stellantis and Tesla in reporting a profit downturn due to higher costs caused by tariffs.
S. Korea Sees US Shipbuilding Renaissance As Bargaining Chip in Tariff Talks
US ambition to build up shipbuilding capacity would benefit from joint ventures with top Korean shipymakers like Hanwha Ocean and HD Hyundai.
Neuralink Plans 20,000 Surgical Implants per Year
Five clinics implanting three devices will drive $1 billion annual revenues by 2031 according to investor documents released by Elon Musk's Neuralink.
Tokenization Is the Next Big Thing in Finance — Or Not
Holding and trading fragments of underlying assets using blockchain-based tokens may revolutionize global finance, or it could prove to be its undoing by injecting unnecessary ...
Google Gemini, OpenAI Gold Medal in Math Olympiad, Advancing AI
The successful deployment of AI models to solve five out of six math problems at the International Mathematical Olympiad suggests a great leap forward in ...
Stellantis Taps China's Leapmotor EVs to Spearhead Push into South Africa
South African demand for low-end EVs can be met profitably by a carmaker known for its sub-$18,000 all-electric SUV equipped with lidar technology.
GM Takes $1 Bil. Hit from Tariffs
Far from boosting US industry, Trump's tariffs are taking a heavy toll on the supply-chain efficiencies built up over decades by US manufacturers.
Trump Plans About Face on Some US AI Policies with Push for Exports
Policies that hurt aggressive AI exports are deprecated in a Trump plan to promote open source AI development and unbridled export of American AI technology.
Alibaba's Open-Source AI Coder Said to Equal Anthropic, OpenAI
One of China's leading tech giants has released an open-source AI coding model said to outperform those of DeepSeek in agentic AI coding tasks.
Trade Deal Lowers Japan Auto Tariffs Below Mexico, Canada
The agreement would favor imports from Japan over those of US companies assembling vehicles in Mexico and Canada.
US Big Three Carmakers Feel Handicapped by Japan Tariff Deal
American cars assembled in Mexico and Canada face higher tariffs than those imported from Japan.
Dollar Down 6.6% Since April, Slips on Japan Tariff Deal
Sliding of the dollar index suggests investors believe Trump's tariff machinations poise the US economy for weakness.
Korea's Apple Farmers Fear Being Sacrificed in US Trade Talks
South Korea's famous apples are too pricey to compete against US imports if floodgates are opened in an effort to spare auto and electronic exports ...
$116 Bil. May Inflows into Euro Zone Debt Suggests Jitters About US
Trump's erratic threats of irrational tariffs and destructive migrant deportations have given foreign investors reason to be concerned for US economic stability.
China Still Keeps Antimony, Germanium Exports to a Strategic Trickle
US production of weapons and semiconductors are hampered by tight Chinese control over two strategic elements despite a trade deal that has freed up other ...
China Rare-Earth Magnet Exports Septuple in June
Pacts to loosen trade-war restrictions on both sides have allowed rare-earth magnet exports to surge toward normal levels from May lows.
Hua Fung Teh Says ONE Championship IPO in Works
A US exchange is being considered for an IPO for Group ONE Holdings, according to its co-founder and president.
Crypto Stocks Jump on House Passage of Stablecoin Bill
A bill to legitimize dollar-pegged stablecoins under the SEC regulatory framework has created euphoria in the blockchain ecosystem.
Chinese Robotics Firm Unitree Begins IPO Process
Economically productive humanoid robots with AI-enabled brains is the focus of Unitree's R&D.
China Spy Agency Targets Illicit Rare Earth Shipments to US
Infiltration and espionage targeting "critical" mineral sector by foreign spy agencies has become the focus of China's State Security as it tries to maintain tight ...
June Retail Sales Beat Expectations Amid Dread of Coming Tariffs
Anticipating higher prices when full tariffs kick in, US consumers made purchases to stay ahead of tariffs, driving up June retail sales.
Jiajun Zhu's Nuro Self-Driving Tech, Lucid Cars Picked for Uber Robotaxi Venture
Uber plans to launch a robotaxi service in 2026 with SUVs from troubled EV-maker Lucid and self-driving technology from startup Nuro.
Top AI Talent Poached by Meta in Zuckerberg Quest for Superintelligence
Asian AI researchers make up the bulk of talent poached from other AI leaders.
China Gets Around High Steel Tariffs with Billets
Semi-finished steel blocks face only a fraction of the tariff levels of finished steel products, allowing billets to be exported profitably to many key steel ...
Putin's High War-Footing Interest Rates Cause Debt-Service Distress
Diverting productive capacity to war production made Russian interest rates soar, greatly increasing business debt burden and prompting more distressed asset sales.
China's Hailanyun Data Center Stays Cool Underwater
To cut the huge amounts of electricity used to cool data centers, a Shanghai-based company is putting its data centers under coastal waters.
Fed Outlook Pessimistic on Loss of Migrant Labor, Rising Tariff Impact
Businesses complain to the Federal Reserve about growing difficulties from loss of immigrant labor and disruptions as more tariffs go into effect.
Chinese Undersea Telecom Cable Tech to Be Banned by US
Citing national security concerns the FCC plans to issue rules prohibiting connections to Chinese-made undersea cable technology.
Weight-Loss Drug from Kailera Partner Jiangsu Hengrui Aces Late-Stage Trial
Jiangsu's KAI-9531, licensed by US-based Kailera, helped patients achieve big body weight loss in late-stage study, paving way for lower-cost GLP-1 drugs in US.
Geely Takes Premium EV Brand Zeekr Private at $6.83 Bil. Valuation
In the face of intensifying EV competition in China Geely seeks operational efficiency by taking full control of the brand that showcases its cutting-edge EV ...
Consumer Prices Jumped in June on Tariffs Despite Flat Service Prices
The impact of tariffs on various consumer goods caused the CPI to increase at the highest rate in five months despite flat or lower costs ...
Tesla Enters India with $70,000 Model Y on High EV Tariffs
Tesla's Model Y will be priced about 40% higher in India than in other major markets, putting it in a small premium segment occupied by ...
Nvidia Sees Huge Demand as China GPU Sales Set to Resume
Pending export license approval will let Nvidia resume satisfying the nearly insatiable demand for its GPUs from Chinese tech giants and AI startups.
Nvidia H20 GPU for China Sees Huge Demand on Pending US License Approval
Nvidia's dumbed-down H20 AI GPU for the China market is expected to receive billions of dollars in orders as the US government is set to ...
China's Economy Keeps Growing on Pay Cuts and Side Hustles
Downward pressure from weak consumer demand and tariffs is being offset by widespread sacrifices in the form of lower pay and more hours at side ...
China Exports Resumed Growth in June
Chinese exporters took advantage of a lull in trade frictions to rush out goods that had been caught in a web of uncertainty over tariffs.
Investors React to China Topping June Growth Forecasts
China's GDP and industrial output grew faster than expected in June, leaving most investors relieved.
Asia's Legacy Carmakers Look to Retain US Market Share Despite Tariffs
Toyota and Hyundai rely too much on the US for the bulk of its profits to give up their hard-earned market share.
Global June EV Sales Jumped 24% Despite Laggard US
The developed world embraces the inevitable shift to EVs while much of America is still sitting on the fence.
Russian Stocks, Ruble Surge on Lameness of Trump Threat
Investors in Russian assets consider Trump's threats of new sanctions in 50 days as having little impact on the nation's economic prospects.
US Aims to Break China's Rare-Earth Dominance with 100% Subsidies
Desperate to end China's ability to stall US defense and EV production, the US government will pay twice the going rate for rare earths currently ...
AI Giants Get $800 Million Defense Department Contracts
Google, Anthropic, OpenAI and xAI all score $200 mil. Defense Department contracts aimed at adding AI capabilities to US warfighting and security capabilities.
GM to Produce Lower-Cost LFP Batteries with LG Chem
To lower the cost of EV batteries and make them more durable and cold-resistant, General Motors is shifting production toward lithium-iron-phosphate batteries in its Tennessee ...
Carbon Removal Credit Purchases by Group Led by Google, Meta Help Startups
A coalition called Frontier helps fund carbon-capture startups seeking to remove some of the billions of tons of carbon emissions degrading life on earth.
Superintelligence Quest Inspires Zuckerberg to Pledge Hundreds of Billions
Meta's frantic poaching of top AI talent is the prelude to Mark Zuckerberg's quest for superintelligence at a cost of hundreds of billions of dollars.
Taiwan's TiSpace Fails to Orbit Test Rocket in Japan Launch
TiSpace is one of several Asian private rocket companies looking to enter the space flight market.
Windsurf's Douglas Chen, Varun Mohan Hired by Google in $2.4 Bil. Deal
The AI coding startup will receive a $2.4 billion licensing fee while co-founders Varun Mohan and Douglas Chen will go to work in Google's DeepMind ...
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