Car Chip Giant Nexperia's China-Netherland Drama Heats Up
Nexperia's Chinese parent Wingtech accuses its Dutch subsidiary, now under government control, of seeking to build a new supply chain that excludes China.
Business
Stellar Q3 Growth Cushions India Against Tariff Shock
The fastest growth in 18 months boosts Prime Minister Narendra Modi's standing and provides a stronger bargaining hand in negotiating a US trade deal.
What Black Friday Shoppers Look to Spend on Deals
The record $1 trillion expeced in November and December consumer spending will be driven by lust for bargains on electronics, jewelry and beauty.
Dollar Slides on December Rate Cut Bet
The US currency was headed for the worst week since July when tariffs had held the US economy in confusion and suspense.
Pandora Braces for Killer Black Friday Competition
The world's biggest mass jewelry brand is bracing for aggressive discounting for the year's biggest shopping day.
China Unveils REIT Plans to Counter Vanke Freefall
Fearing that Vanke's announced delay in debt payment might decimate developers, Beijing is expanding its real estate trust market to include commercial properties.
Taiwan Raids Home of Executive in TSMC-Intel Dispute
Wei-Jen Lo is accused of leaking to Intel TSMC trade secrets pertaining to cutting-edge 2-, 3- and 5-nanometer chipmaking after rejoining the US company.
Li-Ning and Anta Sports to Bid for Puma
The struggling German brand has become a takeover target for Chinese sportswear brands Anta and Li-Ning, namesake brand of the Chinese gymnast who topped the ...
Top Chinese Firms Train AI Overseas to Access Nvidia Chips
Alibaba and ByetDance are among major tech groups training large language models in Southeast Asia with access to Nvidia chips.
Nvidia Issues Memo Rebutting Skeptical Analyst
Nvidia responds to an attack of its $4.5 trillion valuation made by Michael Burry regarding inventories, late payments by customers and lower margins on its ...
12 Satellites Orbited by S. Korea's 1st Commercial Rocket Launch
The government had transferred rocket technology to Hanwha Aerospace for the nation's 4th rocket launch in an effort to jump-start the nation's commercial space sector.
Weekly Jobless Claims Decline Despite Weak Job Creation
New claims for unemployment benefits fell to a 7-month low as both layoffs and job growth remain low.
AI's 8-Fold Traffic Increase Changes Online Retail Strategy
Online retailers have begun building websites designed to attract AI agents deployed by search engines used by shoppers to find holiday gifts.
Robin Hood Takes on Prediction Market with LedgerX Buy
The no-commission stock trading platform joined with Susquehanna to enter the fast-growing prediction market by taking a 90% stake in FTX spinoff LedgerX.
TikTok Barred from Nvidia Chips by Chinese Regulators
TikTok parent Bytedance was the leading Chinese buyer of Nvidia GPUs but now appears to have been forced to fall in line with Beiing's ambitions ...
Didi Ride-Hailer Sees Strong Revenue Growth
China's leading ride-hailing platform reported an 8.6% jump in Q3 revenues as it invests heavily in expanding into Latin America.
European Carmakers Want Reprieve from 2035 ICE Ban
Facing slower-than-anticipated EV adoption and strong competition from Chinese EVs, Europes leading carmakers are hoping that Brussels will delay the 2035 date set for a ...
Tariff Flip-Flops Devastate Small Retailers During Holidays
Retailers who rely on goods from China have been hit especially hard by delays and confusion caused by Trump's ever-changing tariff regime.
CATL Breaks Ground on Spain Battery Plant
China's leading battery maker joins with Stellantis to break ground on Spain's largest battery factory.
OpenAI Projects 220 Million Paying ChatGPT Users
The AI chatbot pioneer estimates that about 6 times as many users will be on paying plans by 2030.
HP to Cut 6,000 Jobs by 2028 in AI Embrace
HP will follow up February layoffs with additional job cuts as part of its push to streamline operations by using AI to speed up product ...
Federal Budget Deficit Jumped in October
Despite the long government shutdown and higher tariff revenues the budget deficit jumped 10% over 2024 due to shift of November benefits into October.
US Consumer Sentiment Caves in November
Fears over job loss and uncertainty over high prices caused a plunge in American consumer confidence.
Alibaba Beats Q3 Forecast As 1-Hour Delivery Catches On
The Chinese e-commerce giant is besting rivals in the instant delivery segment while its industry-leading AI investments appear to be bearing fruit.
Analog Devices Beats, Raises Outlook
As businesses loosen budgets after tariff shocks, industrial investments are reviving, securing a strong year for the maker of chips for factory automation, defense, healthcare ...
Kohl's Turnaround Takes Root, Shares Jump
The sales decline has been brought under control and profits have risen as the new CEO poises the Macy's competitor for its brightest holiday season ...
India Q3 Growth Estimated at 7.3% Despite High US Tariff
India's GDP growth remained strong on vigorous rural and government spending despite subdued capital investments.
Eric Yuan's Zoom Raises Forecast on AI Tools for Hybrid Work
The video conferencing platform has been embedding AI capabilities into its service to improve efficiencies among hybrid workers.
Bolt Partners with Pony.ai to Build Europe's First Robotaxi Service
The Estonian ride-hailing company hopes to begin testing a driverless service with Pony.ai starting in 2026 with the goal of fully autonomous operation by 2027.
Yuan's Persistent Rise Backed by Quest for Global Stature
The yuan's 3% rise in 2025 appears likely to continue despite headwinds created by Trump tariffs calculated to diminish China's exports and foreign investments.
Alphabet Closes on $4 Trillion Valuation on AI Traction
Google's parent has positioned itself to gain on AI adoption with a surging cloud business and development of its own AI chips.
Shein Paris Store Opening Adds to Department Store Pain
Shein and other ultra-fast-fashion online retailers can copy new fashion releases in three weeks and sell them at 10% the cost.
Bitcoin Mining Rebounds in China Despite 2021 Ban
After slumping to near zero, China's share of global bitcoin mining activity has shot back up to the 15 - 20% range as of October ...
TikTok Divestiture Plan Questioned on Licensing of Algorithms
Democrat Ed Markey calls out Trump White House for failing to provide specifics that would determine the degree of control TikTok"s Chinese owner Byetdance will ...
Record Black Friday Crowds Will Find Fewer Bargains
Tariffs have taken away the margins needs for retailers to offer the level of savings seen in prior years.
Senate Calls for Probe of Scam Ads on Facebook, Instagram
Upwards of $16 billion of Meta's 2025 earnings come from fraudulent or illicit ads.
Wingtech Appeals Dutch Decision to Take Control of Nexperia
The Chinese parent seeks to reverse the Dutch government's control of Nexperia after a partial removal allows Nexperia to meet a backlog of orders for ...
Coffee Prices Plunge on Brazil Tariff End
Brazil's 40% tariff was lifted on coffee as Trump seeks to appease voters angry about cost of living by removing tariffs on scores of food ...
Nvidia May Get Nod to Sell H200 AI Chips to China
Signs of thaw in trade tensions with China may open the door to sales of Nvidia chips that are considerably more advanced than those approved ...
US Factories Slowed in November
Reduced demand due to higher prices from Trump tariffs was behind the slowest US factory activity in four months.
Google Fights to Keep Ad Business Intact
Trial is nearing an end in the Justice Department's antitrust case to end Google's online advertising monopolies, with a ruling expected to force divestiture of ...
Biggest Soybean Sale to China Gives Hope to Struggling US Farmers
The biggest week of soybean sales to China in two years gives a big boost to US farmers who had been holding their crops to ...
China Lithium Prices Fall as CATL Restarts Mine
Prices for the metal fell 9% as the Chinese government has made a move to curb speculation and on news that CATL will restart its ...
Dollar Recovered Over a Third of Loss from Trump Tariffs
The US currency has recovered about 4% of the 11% drop as of June at the height of Trump's tariff frenzy.
Tech Stocks Set for $75 Billion Inflow in 2025
Despite the recent slide due to AI bubble fears, tech stocks nevertheless saw a $4.4 billion inflow through Wednesday while crypto saw a $2.2 billion ...
Cryptocurrencies Slammed by Flight from Risk
Bitcoin and Ether, along with other cryptocurrencies, slid to multi-month lows as the tech sector suffered from bubble fears and fading hope for a December ...
China's GAC to Have EVs for Europe Produced by Magna
China's Guangzhou Auto Group will join XPeng in having EV models built by the Austrian manufacturer to avoid EU tariffs.
ASML Launches Engineering Academy in Phoenix
Anticipating demand for technicians needed to service its complex chipmaking machines, the Dutch lithography giant has opened an academy that will train over 1,000 engineers ...
Lucid Launches Cheaper Gravity SUV on Slowing EV Sales
Expiration of the EV tax credit and a need to expand its product line prompts Lucid to launch an $80,000 version of its Gravity SUV.
Luxury Sector to Grow in 2026 Despite Ire Over Price Boosts
Further evidencing the increasingly K-shaped economy, luxury goods makers foresee healthy growth next year despite the shrinking of their customer base by about 20 - ...
Car Chip Giant Nexperia's China-Netherland Drama Heats Up
Nexperia's Chinese parent Wingtech accuses its Dutch subsidiary, now under government control, of seeking to build a new supply chain that excludes China.
Stellar Q3 Growth Cushions India Against Tariff Shock
The fastest growth in 18 months boosts Prime Minister Narendra Modi's standing and provides a stronger bargaining hand in negotiating a US trade deal.
What Black Friday Shoppers Look to Spend on Deals
The record $1 trillion expeced in November and December consumer spending will be driven by lust for bargains on electronics, jewelry and beauty.
Dollar Slides on December Rate Cut Bet
The US currency was headed for the worst week since July when tariffs had held the US economy in confusion and suspense.
Pandora Braces for Killer Black Friday Competition
The world's biggest mass jewelry brand is bracing for aggressive discounting for the year's biggest shopping day.
China Unveils REIT Plans to Counter Vanke Freefall
Fearing that Vanke's announced delay in debt payment might decimate developers, Beijing is expanding its real estate trust market to include commercial properties.
Taiwan Raids Home of Executive in TSMC-Intel Dispute
Wei-Jen Lo is accused of leaking to Intel TSMC trade secrets pertaining to cutting-edge 2-, 3- and 5-nanometer chipmaking after rejoining the US company.
Li-Ning and Anta Sports to Bid for Puma
The struggling German brand has become a takeover target for Chinese sportswear brands Anta and Li-Ning, namesake brand of the Chinese gymnast who topped the ...
Top Chinese Firms Train AI Overseas to Access Nvidia Chips
Alibaba and ByetDance are among major tech groups training large language models in Southeast Asia with access to Nvidia chips.
Nvidia Issues Memo Rebutting Skeptical Analyst
Nvidia responds to an attack of its $4.5 trillion valuation made by Michael Burry regarding inventories, late payments by customers and lower margins on its ...
12 Satellites Orbited by S. Korea's 1st Commercial Rocket Launch
The government had transferred rocket technology to Hanwha Aerospace for the nation's 4th rocket launch in an effort to jump-start the nation's commercial space sector.
Weekly Jobless Claims Decline Despite Weak Job Creation
New claims for unemployment benefits fell to a 7-month low as both layoffs and job growth remain low.
AI's 8-Fold Traffic Increase Changes Online Retail Strategy
Online retailers have begun building websites designed to attract AI agents deployed by search engines used by shoppers to find holiday gifts.
Robin Hood Takes on Prediction Market with LedgerX Buy
The no-commission stock trading platform joined with Susquehanna to enter the fast-growing prediction market by taking a 90% stake in FTX spinoff LedgerX.
TikTok Barred from Nvidia Chips by Chinese Regulators
TikTok parent Bytedance was the leading Chinese buyer of Nvidia GPUs but now appears to have been forced to fall in line with Beiing's ambitions ...
Didi Ride-Hailer Sees Strong Revenue Growth
China's leading ride-hailing platform reported an 8.6% jump in Q3 revenues as it invests heavily in expanding into Latin America.
European Carmakers Want Reprieve from 2035 ICE Ban
Facing slower-than-anticipated EV adoption and strong competition from Chinese EVs, Europes leading carmakers are hoping that Brussels will delay the 2035 date set for a ...
Tariff Flip-Flops Devastate Small Retailers During Holidays
Retailers who rely on goods from China have been hit especially hard by delays and confusion caused by Trump's ever-changing tariff regime.
CATL Breaks Ground on Spain Battery Plant
China's leading battery maker joins with Stellantis to break ground on Spain's largest battery factory.
OpenAI Projects 220 Million Paying ChatGPT Users
The AI chatbot pioneer estimates that about 6 times as many users will be on paying plans by 2030.
HP to Cut 6,000 Jobs by 2028 in AI Embrace
HP will follow up February layoffs with additional job cuts as part of its push to streamline operations by using AI to speed up product ...
Federal Budget Deficit Jumped in October
Despite the long government shutdown and higher tariff revenues the budget deficit jumped 10% over 2024 due to shift of November benefits into October.
US Consumer Sentiment Caves in November
Fears over job loss and uncertainty over high prices caused a plunge in American consumer confidence.
Alibaba Beats Q3 Forecast As 1-Hour Delivery Catches On
The Chinese e-commerce giant is besting rivals in the instant delivery segment while its industry-leading AI investments appear to be bearing fruit.
Analog Devices Beats, Raises Outlook
As businesses loosen budgets after tariff shocks, industrial investments are reviving, securing a strong year for the maker of chips for factory automation, defense, healthcare ...
Kohl's Turnaround Takes Root, Shares Jump
The sales decline has been brought under control and profits have risen as the new CEO poises the Macy's competitor for its brightest holiday season ...
India Q3 Growth Estimated at 7.3% Despite High US Tariff
India's GDP growth remained strong on vigorous rural and government spending despite subdued capital investments.
Eric Yuan's Zoom Raises Forecast on AI Tools for Hybrid Work
The video conferencing platform has been embedding AI capabilities into its service to improve efficiencies among hybrid workers.
Bolt Partners with Pony.ai to Build Europe's First Robotaxi Service
The Estonian ride-hailing company hopes to begin testing a driverless service with Pony.ai starting in 2026 with the goal of fully autonomous operation by 2027.
Yuan's Persistent Rise Backed by Quest for Global Stature
The yuan's 3% rise in 2025 appears likely to continue despite headwinds created by Trump tariffs calculated to diminish China's exports and foreign investments.
Alphabet Closes on $4 Trillion Valuation on AI Traction
Google's parent has positioned itself to gain on AI adoption with a surging cloud business and development of its own AI chips.
Shein Paris Store Opening Adds to Department Store Pain
Shein and other ultra-fast-fashion online retailers can copy new fashion releases in three weeks and sell them at 10% the cost.
Bitcoin Mining Rebounds in China Despite 2021 Ban
After slumping to near zero, China's share of global bitcoin mining activity has shot back up to the 15 - 20% range as of October ...
TikTok Divestiture Plan Questioned on Licensing of Algorithms
Democrat Ed Markey calls out Trump White House for failing to provide specifics that would determine the degree of control TikTok"s Chinese owner Byetdance will ...
Record Black Friday Crowds Will Find Fewer Bargains
Tariffs have taken away the margins needs for retailers to offer the level of savings seen in prior years.
Senate Calls for Probe of Scam Ads on Facebook, Instagram
Upwards of $16 billion of Meta's 2025 earnings come from fraudulent or illicit ads.
Wingtech Appeals Dutch Decision to Take Control of Nexperia
The Chinese parent seeks to reverse the Dutch government's control of Nexperia after a partial removal allows Nexperia to meet a backlog of orders for ...
Coffee Prices Plunge on Brazil Tariff End
Brazil's 40% tariff was lifted on coffee as Trump seeks to appease voters angry about cost of living by removing tariffs on scores of food ...
Nvidia May Get Nod to Sell H200 AI Chips to China
Signs of thaw in trade tensions with China may open the door to sales of Nvidia chips that are considerably more advanced than those approved ...
US Factories Slowed in November
Reduced demand due to higher prices from Trump tariffs was behind the slowest US factory activity in four months.
Google Fights to Keep Ad Business Intact
Trial is nearing an end in the Justice Department's antitrust case to end Google's online advertising monopolies, with a ruling expected to force divestiture of ...
Biggest Soybean Sale to China Gives Hope to Struggling US Farmers
The biggest week of soybean sales to China in two years gives a big boost to US farmers who had been holding their crops to ...
China Lithium Prices Fall as CATL Restarts Mine
Prices for the metal fell 9% as the Chinese government has made a move to curb speculation and on news that CATL will restart its ...
Dollar Recovered Over a Third of Loss from Trump Tariffs
The US currency has recovered about 4% of the 11% drop as of June at the height of Trump's tariff frenzy.
Tech Stocks Set for $75 Billion Inflow in 2025
Despite the recent slide due to AI bubble fears, tech stocks nevertheless saw a $4.4 billion inflow through Wednesday while crypto saw a $2.2 billion ...
Cryptocurrencies Slammed by Flight from Risk
Bitcoin and Ether, along with other cryptocurrencies, slid to multi-month lows as the tech sector suffered from bubble fears and fading hope for a December ...
China's GAC to Have EVs for Europe Produced by Magna
China's Guangzhou Auto Group will join XPeng in having EV models built by the Austrian manufacturer to avoid EU tariffs.
ASML Launches Engineering Academy in Phoenix
Anticipating demand for technicians needed to service its complex chipmaking machines, the Dutch lithography giant has opened an academy that will train over 1,000 engineers ...
Lucid Launches Cheaper Gravity SUV on Slowing EV Sales
Expiration of the EV tax credit and a need to expand its product line prompts Lucid to launch an $80,000 version of its Gravity SUV.
Luxury Sector to Grow in 2026 Despite Ire Over Price Boosts
Further evidencing the increasingly K-shaped economy, luxury goods makers foresee healthy growth next year despite the shrinking of their customer base by about 20 - ...
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