SpaceX Seeks to Double Valuation to $800 Billion
Elon Musk has begun talks with investors for a secondary share sale that would put the rocket-launch company's implied valuation above OpenAI to become the ...
Business
SoftBank's Arm to Set Up Chip-Design School in S. Korea
A deal between SoftBank and S. Korea provides for a school to train about 1,400 high-level chip design specialists to help the nation achieve its ...
Lisa Su Says AMD Ready to Pay 15% Tax on Exports to China
The legally questionable tax Trump imposed on shipments of AI chips to China would allow Nvidia and AMD to continue selling dumbed-down chips to China.
US Consumer Sentiment Improves Slightly in Early December
Worries about jobs and high prices persist to keep the overall mood somber despite a modest improvement from late November.
New York Times Sues Perplexity for Copyright Infringement
The AI startup's use of NY Times content and displaying its logo alongside "hallucinations" is the basis for the copyright infringement action.
China's Nvidia-Like GPU-Maker Soars 400% on Trading Debut
AI GPU-maker Moore-Threads Technology is expected to become a mainstay for the Chinese AI industry with a strong showing in Friday's market debut on the ...
China Exports Rebounded in November
The tariff truce with the US prompted a 3.8% increase in outbound shipments following a 1.1% contraction in October.
China Home Prices to Continue Slide into 2026
China's home prices fell 3.7% in 2025 and will fall 2.6% more next year due to an aging population, job uncertainty and high unsold inventory, ...
Estée Lauder Grows Market with New Brands, Younger Global Shoppers
The middle class growing around the world has been targeted with increased customization of products.
Dollar General Raises Profit Forecast
The bargain retail chain is seeing a big increase in the number of shoppers seeking goods priced under $1
Weekly Jobless Claims Lowest in 3 Years Says Government
The new Labor Department data showing a fall to 191,000 sharply contradicts an earlier report from ADP.
Meta Plans Big Cut to Metaverse Budget
After sinking $60 billion into Metaverse Meta plans to cut 30% from its budget as Zuckerberg makes an epic pivot to AI and the Superintelligence ...
Amazon Previews Custom AI-Created Fragrances
AWS Cloud Computing convention attendees lined up to have custom fragrances made by Amazon's Nova generative AI software only to be mostly disappointed by the ...
EU Mulls Removing Tariffs on Volkswagen EVs Made in China
The EU balances controlling EV imports from China against the needs of European carmakers looking for ways to compete.
Taiwan's No. 2 Chipmaker to Manufacture in US
UMC partners with Minnesota's Polar to fabricate 8-inch chips for autos, aerospace and defense, data centers and consumer electronics.
High-End Swiss Watches See Jump in US Demand
Watches of Switzerland reports a 15% jump in US sales for the first half of 2025 and expects demand to continue rising next year.
OpenAI Buys Startup Neptune for AI Training Tool
The Microsoft-backed company is beefing up its AI capabilities in preparation for a 2026 IPO that may value it at $1 trillion.
China's Hikvision Sues Challenging FCC Rules
The suit seeks to overturn new rules imposing restrictions on use of telecom gear made by Chinese companies like Huawei, ZTE and China mobile.
AI Demand Prompts Micron to Abandon Consumer Memory
The lure of virtually unlimited and lucrative demand for high-bandwidth memory (HBM) admi the AI boom drives Micron to abandon the consumer memory sector.
Foxconn, Luxshare to Use Vietnam for Millions More Game Consoles
Up to 4.8 million Microsoft Xbox game consoles and a similar number of other game devices will be added to Vietnam's factory output in 2026.
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 ...
SpaceX Seeks to Double Valuation to $800 Billion
Elon Musk has begun talks with investors for a secondary share sale that would put the rocket-launch company's implied valuation above OpenAI to become the ...
SoftBank's Arm to Set Up Chip-Design School in S. Korea
A deal between SoftBank and S. Korea provides for a school to train about 1,400 high-level chip design specialists to help the nation achieve its ...
Lisa Su Says AMD Ready to Pay 15% Tax on Exports to China
The legally questionable tax Trump imposed on shipments of AI chips to China would allow Nvidia and AMD to continue selling dumbed-down chips to China.
US Consumer Sentiment Improves Slightly in Early December
Worries about jobs and high prices persist to keep the overall mood somber despite a modest improvement from late November.
New York Times Sues Perplexity for Copyright Infringement
The AI startup's use of NY Times content and displaying its logo alongside "hallucinations" is the basis for the copyright infringement action.
China's Nvidia-Like GPU-Maker Soars 400% on Trading Debut
AI GPU-maker Moore-Threads Technology is expected to become a mainstay for the Chinese AI industry with a strong showing in Friday's market debut on the ...
China Exports Rebounded in November
The tariff truce with the US prompted a 3.8% increase in outbound shipments following a 1.1% contraction in October.
China Home Prices to Continue Slide into 2026
China's home prices fell 3.7% in 2025 and will fall 2.6% more next year due to an aging population, job uncertainty and high unsold inventory, ...
Estée Lauder Grows Market with New Brands, Younger Global Shoppers
The middle class growing around the world has been targeted with increased customization of products.
Dollar General Raises Profit Forecast
The bargain retail chain is seeing a big increase in the number of shoppers seeking goods priced under $1
Weekly Jobless Claims Lowest in 3 Years Says Government
The new Labor Department data showing a fall to 191,000 sharply contradicts an earlier report from ADP.
Meta Plans Big Cut to Metaverse Budget
After sinking $60 billion into Metaverse Meta plans to cut 30% from its budget as Zuckerberg makes an epic pivot to AI and the Superintelligence ...
Amazon Previews Custom AI-Created Fragrances
AWS Cloud Computing convention attendees lined up to have custom fragrances made by Amazon's Nova generative AI software only to be mostly disappointed by the ...
EU Mulls Removing Tariffs on Volkswagen EVs Made in China
The EU balances controlling EV imports from China against the needs of European carmakers looking for ways to compete.
Taiwan's No. 2 Chipmaker to Manufacture in US
UMC partners with Minnesota's Polar to fabricate 8-inch chips for autos, aerospace and defense, data centers and consumer electronics.
High-End Swiss Watches See Jump in US Demand
Watches of Switzerland reports a 15% jump in US sales for the first half of 2025 and expects demand to continue rising next year.
OpenAI Buys Startup Neptune for AI Training Tool
The Microsoft-backed company is beefing up its AI capabilities in preparation for a 2026 IPO that may value it at $1 trillion.
China's Hikvision Sues Challenging FCC Rules
The suit seeks to overturn new rules imposing restrictions on use of telecom gear made by Chinese companies like Huawei, ZTE and China mobile.
AI Demand Prompts Micron to Abandon Consumer Memory
The lure of virtually unlimited and lucrative demand for high-bandwidth memory (HBM) admi the AI boom drives Micron to abandon the consumer memory sector.
Foxconn, Luxshare to Use Vietnam for Millions More Game Consoles
Up to 4.8 million Microsoft Xbox game consoles and a similar number of other game devices will be added to Vietnam's factory output in 2026.
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 ...
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