First Yen-Pegged Stablecoin Launched
A yen-pegged stablecoin issued by startup JPYC may help loosen the firm grip that cash and credit cards have over Japanese consumer transactions.
Business
India 2025 GDP Growth Revised Up to 6.7%
Despite the current 50% US tariff, an expected central bank interest rate cut is projected to help the Indian economy pick up speed.
Consumer Divide Widens Due to Tariffs
The gulf between affluent and low-income consumers continues widening under distortions caused by tariffs and migrant deportations.
P&G Finds Winning Strategy Amid Consumer Divergence
P&G beats estimates by navigating a bifurcated economy in which the rich want big-package deals while the poor want smaller packages.
Cooling Consumer Inflation Paves Way for Rate Cut
The CPI increased 0.3% in September after a 0.4% rise in August according to Friday's US Labor Department report issued despite the shutdown to help ...
P&G Beats on Strong Demand for Beauty, Haircare
The world's top maker of home and personal care products beat Wall Street estimates on both revenues and profits despite higher prices and weakening consumer ...
Quadrupling of Argentina Beef Imports Angers US Ranchers
Trump's efforts to lower beef prices and prop up the Argentinian government feels like a betrayal to US ranchers who mostly supported his election.
China Pledges Significant Rise in Consumption
The next five year plan for China's central government envisions investing to improve personal incomes and boosting household consumption as a percentage of GDP.
Volvo Cars Q3 Profits Quadruple Forecasts
Despite tariffs and intense competition Volvo quadrupled profit forecasts with aggressive cost-cutting measures and strong hybrid sales.
Tesla Bets New Models Don't Matter
The paucity of new models since the 2017 launch of the Model 3 sedan exposes Tesla's calculation that the promise of new technologies matters more ...
Jobless Claims Continue Rising, Layoffs Stay Low
Despite lack of Labor Department data those available from most states hint at economic uncertainty amid disruption from tariffs and the government shutdown.
S. Korea Posts Modest Q3 GDP Gain
Strong chip demand and reviving consumer sentiment helped produce a 1.5% year-over-year growth despite headwinds from tariffs and fallout from US-China trade war.
Anthropic Spends Tens of Billions on Google AI Chips
Anthropic's high growth rate for enterprise AI services justify spending tens of billions of dollars to increase processing capacity.
Nexperia Resumes Supplying Chips to China Distributors
The China-based unit of automotive chipmaker Nexperia seeks to operate independently by requiring sales to be settled in yuan and limited to local distributors after ...
Tata Technologies to Hire More Locally in US
Trump's immigration restrictions and new $100,000 H-1B visa fees pressure Tata Technologies to hire more of its 12,000 global tech services workers from the US.
US in Talks for Stakes in Quantum Computing Firms
IonQ, Rigetti Computing and D-Wave Quantum are among firms in talks with White House officials under Trump's bid to mimic China's model of state support ...
Volkswagen Warns Workers of Stoppages on Nexperia Chip Crisis
When the Dutch government seized control of Chinese-owned Dutch chipmaker Nexperia, essential chip supplies for many global carmakers fell into doubt.
Uber Goes Green with EV Push
"Uber Green" service is unveiled along with a program to pay drivers $4,000 grants to buy a new or used EV in major liberal states.
Labubu Resale Prices Plunge on Sharp Supply Increase
Pop Mart increased production tenfold in 2025 to meet apparently insatiable demand for the cute-ugly collectibles.
China Retakes Top Spot Among Germany's Trading Partner
Trump tariffs cut German exports to the US by 7.4%, costing the US its longstanding place as Germany's top trading partner.
Trade Pact to Lower India Tariffs to 15%
A pending trade pact will cut US tariffs on India to 15 - 16% from the current rate of 50% following a Trump talk Tuesday ...
Carmakers Scramble Ahead of China's Rare Earth Deadline
The threat of new Chinese export controls beginning November 8 puts carmakers at risk of having to shut down assembly lines unless they can secure ...
Northrop Boosts 2025 Profit Forecast
Despite a downward sales revision on supply-chain fallouts from Trump's trade war, the defense giant raised its profit forecast for the second straight quarter.
RTX Raises 2025 Forecast on Demand for Patriot Missiles
Despite a large hit from tariffs, the defense giant is seeing a big increase in demand for missile defense systems and aftermarket services.
GM Shares Surge on 2025 Profits Revision
The leading US carmaker raised its profit guidance on continuing strong demand for cars and anticipated 3.75% tax credits for US-manufactured engines and cars to ...
Takaichi Plan to Cheapen Yen Boosts Dollar
Japan's new prime ministers has signaled a willingness to let inflation rise in a bid to stimulate an ailing economy, strengthening the dollar.
Low Yen, Asia Demand Drive First Japan Export Growth in 5 Months
US tariff impact was more than offset by a weak yen that helped exports to China and the rest of Asia jump in September.
Airbus Opens 2nd China Assembly Plant
The Anglo-French firm will open its 10th global final assembly plant in Tianjin near Beijing to assemble its best-selling A320neo family of passenger jets.
Tariffs Peaked in May, Now Declining
Major global companies estimate $35 billion in tariffs for Q3, with declines expected moving forward as exceptions are being actively carved out by the US ...
Apple Nears $4 Trillion on Surging iPhone 17 Sales
Apple appears likely to join Nvidia and Microsoft in the $4-trillion club as its new iPhone outperforms predecessors in the US and China.
Asian Stocks Rise on Hope Trade Tensions Easing
The prospect of fruitful US-China trade talks sends Asia stocks up and Nikkei approaching new record.
Fed Rate Cut Expected Despite Data Vaccuum
A rate cut is expected on spotty Fed data showing declining consumer spending and weak job growth.
Vietnam Budget Carrier Stops Flying China's COMAC C909
The decision appears to have been due not to operational issues but to the high cost of relying on foreign crews.
China's Rare-Earth Squeeze Felt Around the World
A 6.1% drop in September shipment of rare earth magnets has the world's top tech producing nations on edge.
Vietnam Targets 10% GDP Growth in 2026
20% US tariffs hasn't suppressed Vietnam's strong export momentum from efforts by US importers to seek Vietnamese alternatives to Chinese manufacturers.
China Bought No US Soybeans in September
For the first time in seven years China fulfilled its soybean requirements from South America, with zero shipments from the US due to high import ...
S. Korea Shows Off Unmanned AI Weaponry
The nation's largest-ever arms fair Friday features weapons promising AI precision with minimal human involvement.
Carmakers Warn of US Disruptions from Nexperia Chip Conflict
US and Netherlands interference with operations of the Chinese Dutch chipmaker could soon cause stoppages at US auto assembly lines, says industry group.
Homebuilder Mood at 6-Month High on Mortgage Rate Hopes
Hope that the weakening economy will trigger a Fed interest rate cut has raised October homebuilder sentiment 5 points to 37 amid an 18-month slump.
Chinese Dutch Chipmaker Nexperia Caught in US-China Trade War
BMW and other carmakers are being affected by US-imposed restrictions on a Dutch subsidiary of Chinese chipmaker Wingtech.
Meta's AI Glasses Drive Ray-Ban Sales Surge
EssilorLuxottica's Q3 revenues for North America jumped 12.1% on surging sales of Meta AR glasses, prompting plans to build production capacity for 10 million units ...
Singles Day Extended to Weeks by Chinese Retailers
To entice consumer spending major Chinese retailers like Alibaba and JD.com have extended pre-Singles Day sales to several weeks before the actual holiday.
India Exports to US Plunged in August
Up to 50% Trump tariffs on goods from India caused India's August exports to the US to plunge 20% and the trade deficit to hit ...
Nvidia Consortium Buys $40 Billion Data Center
The Artificial Intelligence Infrastructure Partnership led by Nvidia and Black Rock may deploy up to $100 billion in equity capital on AI data center investments.
Electric Aircraft Maker Beta Technologies Plans IPO
The Vermont-based maker of eVTOL and eCTOL aircraft and advanced electric propulsion systems hopes to raise up to $825 million for a 7.22 billion valuation.
Apple Unveils More Powerful Devices at Same Prices
Updates of MacBook Pro. iPad Pro and Vision Pro with more powerful, energy-efficient M5 chips is expected to draw more consumers seeking efficiency with AI ...
Surge Biswas's Nabla Bio Inks Deal with Takeda Pharmaceutical
The Japanese pharmaceutical giant will provide capital for the US biotech firm to develop protein-based therapeutics on its proprietary Joint Atomic Model AI platform.
Superintelligence Startup Lila Science Scores $1.3 Billion Valuation
Nvidia's prominence in a new funding round lends investor credibility to Lila's quest to develop a new level of AI that surpasses human intelligence.
TSMC Q3 Profits Soar on AI Boom
Asia's most valuable company is projected to announce a whopping 28% jump in profits as it struggles to keep up with the demand to fabricate ...
OpenAI Pursues Custom Chips with Broadcom Deal
As Nvidia struggles to meet demand for AI GPUs OpenAI joins other tech giants in seeking to create chips tailored to its AI models.
First Yen-Pegged Stablecoin Launched
A yen-pegged stablecoin issued by startup JPYC may help loosen the firm grip that cash and credit cards have over Japanese consumer transactions.
India 2025 GDP Growth Revised Up to 6.7%
Despite the current 50% US tariff, an expected central bank interest rate cut is projected to help the Indian economy pick up speed.
Consumer Divide Widens Due to Tariffs
The gulf between affluent and low-income consumers continues widening under distortions caused by tariffs and migrant deportations.
P&G Finds Winning Strategy Amid Consumer Divergence
P&G beats estimates by navigating a bifurcated economy in which the rich want big-package deals while the poor want smaller packages.
Cooling Consumer Inflation Paves Way for Rate Cut
The CPI increased 0.3% in September after a 0.4% rise in August according to Friday's US Labor Department report issued despite the shutdown to help ...
P&G Beats on Strong Demand for Beauty, Haircare
The world's top maker of home and personal care products beat Wall Street estimates on both revenues and profits despite higher prices and weakening consumer ...
Quadrupling of Argentina Beef Imports Angers US Ranchers
Trump's efforts to lower beef prices and prop up the Argentinian government feels like a betrayal to US ranchers who mostly supported his election.
China Pledges Significant Rise in Consumption
The next five year plan for China's central government envisions investing to improve personal incomes and boosting household consumption as a percentage of GDP.
Volvo Cars Q3 Profits Quadruple Forecasts
Despite tariffs and intense competition Volvo quadrupled profit forecasts with aggressive cost-cutting measures and strong hybrid sales.
Tesla Bets New Models Don't Matter
The paucity of new models since the 2017 launch of the Model 3 sedan exposes Tesla's calculation that the promise of new technologies matters more ...
Jobless Claims Continue Rising, Layoffs Stay Low
Despite lack of Labor Department data those available from most states hint at economic uncertainty amid disruption from tariffs and the government shutdown.
S. Korea Posts Modest Q3 GDP Gain
Strong chip demand and reviving consumer sentiment helped produce a 1.5% year-over-year growth despite headwinds from tariffs and fallout from US-China trade war.
Anthropic Spends Tens of Billions on Google AI Chips
Anthropic's high growth rate for enterprise AI services justify spending tens of billions of dollars to increase processing capacity.
Nexperia Resumes Supplying Chips to China Distributors
The China-based unit of automotive chipmaker Nexperia seeks to operate independently by requiring sales to be settled in yuan and limited to local distributors after ...
Tata Technologies to Hire More Locally in US
Trump's immigration restrictions and new $100,000 H-1B visa fees pressure Tata Technologies to hire more of its 12,000 global tech services workers from the US.
US in Talks for Stakes in Quantum Computing Firms
IonQ, Rigetti Computing and D-Wave Quantum are among firms in talks with White House officials under Trump's bid to mimic China's model of state support ...
Volkswagen Warns Workers of Stoppages on Nexperia Chip Crisis
When the Dutch government seized control of Chinese-owned Dutch chipmaker Nexperia, essential chip supplies for many global carmakers fell into doubt.
Uber Goes Green with EV Push
"Uber Green" service is unveiled along with a program to pay drivers $4,000 grants to buy a new or used EV in major liberal states.
Labubu Resale Prices Plunge on Sharp Supply Increase
Pop Mart increased production tenfold in 2025 to meet apparently insatiable demand for the cute-ugly collectibles.
China Retakes Top Spot Among Germany's Trading Partner
Trump tariffs cut German exports to the US by 7.4%, costing the US its longstanding place as Germany's top trading partner.
Trade Pact to Lower India Tariffs to 15%
A pending trade pact will cut US tariffs on India to 15 - 16% from the current rate of 50% following a Trump talk Tuesday ...
Carmakers Scramble Ahead of China's Rare Earth Deadline
The threat of new Chinese export controls beginning November 8 puts carmakers at risk of having to shut down assembly lines unless they can secure ...
Northrop Boosts 2025 Profit Forecast
Despite a downward sales revision on supply-chain fallouts from Trump's trade war, the defense giant raised its profit forecast for the second straight quarter.
RTX Raises 2025 Forecast on Demand for Patriot Missiles
Despite a large hit from tariffs, the defense giant is seeing a big increase in demand for missile defense systems and aftermarket services.
GM Shares Surge on 2025 Profits Revision
The leading US carmaker raised its profit guidance on continuing strong demand for cars and anticipated 3.75% tax credits for US-manufactured engines and cars to ...
Takaichi Plan to Cheapen Yen Boosts Dollar
Japan's new prime ministers has signaled a willingness to let inflation rise in a bid to stimulate an ailing economy, strengthening the dollar.
Low Yen, Asia Demand Drive First Japan Export Growth in 5 Months
US tariff impact was more than offset by a weak yen that helped exports to China and the rest of Asia jump in September.
Airbus Opens 2nd China Assembly Plant
The Anglo-French firm will open its 10th global final assembly plant in Tianjin near Beijing to assemble its best-selling A320neo family of passenger jets.
Tariffs Peaked in May, Now Declining
Major global companies estimate $35 billion in tariffs for Q3, with declines expected moving forward as exceptions are being actively carved out by the US ...
Apple Nears $4 Trillion on Surging iPhone 17 Sales
Apple appears likely to join Nvidia and Microsoft in the $4-trillion club as its new iPhone outperforms predecessors in the US and China.
Asian Stocks Rise on Hope Trade Tensions Easing
The prospect of fruitful US-China trade talks sends Asia stocks up and Nikkei approaching new record.
Fed Rate Cut Expected Despite Data Vaccuum
A rate cut is expected on spotty Fed data showing declining consumer spending and weak job growth.
Vietnam Budget Carrier Stops Flying China's COMAC C909
The decision appears to have been due not to operational issues but to the high cost of relying on foreign crews.
China's Rare-Earth Squeeze Felt Around the World
A 6.1% drop in September shipment of rare earth magnets has the world's top tech producing nations on edge.
Vietnam Targets 10% GDP Growth in 2026
20% US tariffs hasn't suppressed Vietnam's strong export momentum from efforts by US importers to seek Vietnamese alternatives to Chinese manufacturers.
China Bought No US Soybeans in September
For the first time in seven years China fulfilled its soybean requirements from South America, with zero shipments from the US due to high import ...
S. Korea Shows Off Unmanned AI Weaponry
The nation's largest-ever arms fair Friday features weapons promising AI precision with minimal human involvement.
Carmakers Warn of US Disruptions from Nexperia Chip Conflict
US and Netherlands interference with operations of the Chinese Dutch chipmaker could soon cause stoppages at US auto assembly lines, says industry group.
Homebuilder Mood at 6-Month High on Mortgage Rate Hopes
Hope that the weakening economy will trigger a Fed interest rate cut has raised October homebuilder sentiment 5 points to 37 amid an 18-month slump.
Chinese Dutch Chipmaker Nexperia Caught in US-China Trade War
BMW and other carmakers are being affected by US-imposed restrictions on a Dutch subsidiary of Chinese chipmaker Wingtech.
Meta's AI Glasses Drive Ray-Ban Sales Surge
EssilorLuxottica's Q3 revenues for North America jumped 12.1% on surging sales of Meta AR glasses, prompting plans to build production capacity for 10 million units ...
Singles Day Extended to Weeks by Chinese Retailers
To entice consumer spending major Chinese retailers like Alibaba and JD.com have extended pre-Singles Day sales to several weeks before the actual holiday.
India Exports to US Plunged in August
Up to 50% Trump tariffs on goods from India caused India's August exports to the US to plunge 20% and the trade deficit to hit ...
Nvidia Consortium Buys $40 Billion Data Center
The Artificial Intelligence Infrastructure Partnership led by Nvidia and Black Rock may deploy up to $100 billion in equity capital on AI data center investments.
Electric Aircraft Maker Beta Technologies Plans IPO
The Vermont-based maker of eVTOL and eCTOL aircraft and advanced electric propulsion systems hopes to raise up to $825 million for a 7.22 billion valuation.
Apple Unveils More Powerful Devices at Same Prices
Updates of MacBook Pro. iPad Pro and Vision Pro with more powerful, energy-efficient M5 chips is expected to draw more consumers seeking efficiency with AI ...
Surge Biswas's Nabla Bio Inks Deal with Takeda Pharmaceutical
The Japanese pharmaceutical giant will provide capital for the US biotech firm to develop protein-based therapeutics on its proprietary Joint Atomic Model AI platform.
Superintelligence Startup Lila Science Scores $1.3 Billion Valuation
Nvidia's prominence in a new funding round lends investor credibility to Lila's quest to develop a new level of AI that surpasses human intelligence.
TSMC Q3 Profits Soar on AI Boom
Asia's most valuable company is projected to announce a whopping 28% jump in profits as it struggles to keep up with the demand to fabricate ...
OpenAI Pursues Custom Chips with Broadcom Deal
As Nvidia struggles to meet demand for AI GPUs OpenAI joins other tech giants in seeking to create chips tailored to its AI models.
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