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.
Business
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 ...
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.
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.
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.
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.
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 ...
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 ...
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.
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.
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 ...
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 ...
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.
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.
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 ...
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.
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.
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.
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.
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.
Investors React to China Topping June Growth Forecasts
China's GDP and industrial output grew faster than expected in June, leaving most investors relieved.
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 ...
Investors Hope Rationality Will Prevail to Cut 30% Tariffs on EU, Mexico
Investment community reactions suggest hope that Trump's latest 30% tariffs on EU and Mexico is a negotiating ploy but suspicions grow that strategy may not ...
Jason Kim's Firefly Aerospace Files for IPO
An ambitious Texas-based aerospace startup headed by Korean American Jason became the first commercial firm to soft-land on the moon on March 2.
New Copper Tariffs Add to Carmakers' Heavy Metals Pain
The 50% tariffs imposed earlier this week is adding to the burden heaped on the auto industry with tariffs on steel and aluminum imports, as ...
US Seeks to Block Chinese Port Cranes on Security Concerns
China's dominance in manufacturing the ship-to-shore cranes used in all major US ports raises alarm among US security agencies.
Moonshot AI Joins Big Chinese Open Source Wave
Hoping to tap into the power of collective community development, China's AI startup Moonshot AI joins other top Chinese AI leaders like DeepSeek, Alibaba, Tencent ...
Tariffs Faced by US Consumers Now 16% — and Rising
Trump's daily new tariffs have added up to the highest trade barrier since the 1930s which are set to rise to 20% by August 1, ...
Asian Immigrants Power Forbes Billionaire List
Billionaires from India, China, and Taiwan highlight Asian Americans' contributions to the US economy as a fierce debate over immigration plays out politically.
Huawei Seeks Global Markets for Its AI Chips As Alternative to Nvidia's
Chinese AI chipmaker Huawei Technologies seeks to export AI chips to the Middle East and Southeast Asia as a first step in its bid to ...
Coffee, Orange Juice Prices Would Soar on Capricious Brazil Tariffs
The 50% tariffs on imports from Brazil announced earlier this week would essentially eliminate massive coffee, sugar and orange imports from that nation.
Continuing Jobless Claims Highest Since November 2021
The number of Americans claiming jobless benefits fell last week but obscures the fact that employers have slowed hiring due to tariff confusion.
German Exporters Would Rather Fight than Agree to US Tariff Deal
Despite the US having been Germany's top export market in 2024 German exporters see only disadvantage from striking a trade deal with the US under ...
Polestar EV Sales Jump 38% in Europe,
Polestar has been aggressive in producing locally in Europe and the US ahead of tariffs.
Tripling of Yuan Loans in June Suggests Faith in Trade Truce
China struggles with producer deflation resulting from lower trade demand, but forward-looking investment activity appears to be rebounding to normal levels.
US Firms Evade China Rare Earth Restrictions with 3rd Nation Routing
US firms increased rare earth imports from Thailand and Mexico to record levels to feed surging production of chips, batteries and other products that use ...
Nvidia Becomes First Company to Reach $4 Trillion Valuation
The surge in AI investments by tech giants around the world has turned Nvidia into the decade's indispensable chipmaker.
Nvidia Challenges Chrome with Its Own AI-Based Comet Browser
Perplexity AI, owned by Nvidia, has launched its AI-enabled Comet browser to compete against leader Chrome as well as Apple's Safari and Microsoft Edge browsers.
Clothes Imports from China Fell to 22 Year Low in May
The absurd levels of tariffs threatened against Chinese imports prompted a surge of imports followed by a sharp decline in May.
US-Only Version of TikTok in Works
A sale of the US operations of the popular Chinese video app TikTok appears imminent given intensive push to develop a version of the app ...
Zuckerberg Poached Long List of Top AI Talent for Meta
Mark Zuckerberg's crusade to elevate quickly Meta's AI capabilities to match those of top tech giants has resulted in a long list of Silicon Valley's ...
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 ...
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.
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.
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.
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.
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 ...
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 ...
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.
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.
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 ...
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 ...
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.
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.
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 ...
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.
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.
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.
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.
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.
Investors React to China Topping June Growth Forecasts
China's GDP and industrial output grew faster than expected in June, leaving most investors relieved.
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 ...
Investors Hope Rationality Will Prevail to Cut 30% Tariffs on EU, Mexico
Investment community reactions suggest hope that Trump's latest 30% tariffs on EU and Mexico is a negotiating ploy but suspicions grow that strategy may not ...
Jason Kim's Firefly Aerospace Files for IPO
An ambitious Texas-based aerospace startup headed by Korean American Jason became the first commercial firm to soft-land on the moon on March 2.
New Copper Tariffs Add to Carmakers' Heavy Metals Pain
The 50% tariffs imposed earlier this week is adding to the burden heaped on the auto industry with tariffs on steel and aluminum imports, as ...
US Seeks to Block Chinese Port Cranes on Security Concerns
China's dominance in manufacturing the ship-to-shore cranes used in all major US ports raises alarm among US security agencies.
Moonshot AI Joins Big Chinese Open Source Wave
Hoping to tap into the power of collective community development, China's AI startup Moonshot AI joins other top Chinese AI leaders like DeepSeek, Alibaba, Tencent ...
Tariffs Faced by US Consumers Now 16% — and Rising
Trump's daily new tariffs have added up to the highest trade barrier since the 1930s which are set to rise to 20% by August 1, ...
Asian Immigrants Power Forbes Billionaire List
Billionaires from India, China, and Taiwan highlight Asian Americans' contributions to the US economy as a fierce debate over immigration plays out politically.
Huawei Seeks Global Markets for Its AI Chips As Alternative to Nvidia's
Chinese AI chipmaker Huawei Technologies seeks to export AI chips to the Middle East and Southeast Asia as a first step in its bid to ...
Coffee, Orange Juice Prices Would Soar on Capricious Brazil Tariffs
The 50% tariffs on imports from Brazil announced earlier this week would essentially eliminate massive coffee, sugar and orange imports from that nation.
Continuing Jobless Claims Highest Since November 2021
The number of Americans claiming jobless benefits fell last week but obscures the fact that employers have slowed hiring due to tariff confusion.
German Exporters Would Rather Fight than Agree to US Tariff Deal
Despite the US having been Germany's top export market in 2024 German exporters see only disadvantage from striking a trade deal with the US under ...
Polestar EV Sales Jump 38% in Europe,
Polestar has been aggressive in producing locally in Europe and the US ahead of tariffs.
Tripling of Yuan Loans in June Suggests Faith in Trade Truce
China struggles with producer deflation resulting from lower trade demand, but forward-looking investment activity appears to be rebounding to normal levels.
US Firms Evade China Rare Earth Restrictions with 3rd Nation Routing
US firms increased rare earth imports from Thailand and Mexico to record levels to feed surging production of chips, batteries and other products that use ...
Nvidia Becomes First Company to Reach $4 Trillion Valuation
The surge in AI investments by tech giants around the world has turned Nvidia into the decade's indispensable chipmaker.
Nvidia Challenges Chrome with Its Own AI-Based Comet Browser
Perplexity AI, owned by Nvidia, has launched its AI-enabled Comet browser to compete against leader Chrome as well as Apple's Safari and Microsoft Edge browsers.
Clothes Imports from China Fell to 22 Year Low in May
The absurd levels of tariffs threatened against Chinese imports prompted a surge of imports followed by a sharp decline in May.
US-Only Version of TikTok in Works
A sale of the US operations of the popular Chinese video app TikTok appears imminent given intensive push to develop a version of the app ...
Zuckerberg Poached Long List of Top AI Talent for Meta
Mark Zuckerberg's crusade to elevate quickly Meta's AI capabilities to match those of top tech giants has resulted in a long list of Silicon Valley's ...
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