Stablecoin Boom Fuels Demand for Short-Term US Treasuries
Demand for 2-,3-. 5-year US Treasuries will increase as more stablecoins come on the market to meet growing demand for crypto assets tethered to the ...
Business
Xiaomi's Luxury YU7 EV SUV Undercuts Tesla Model Y Price
China's mobile phonemaker is seeing high demand for the YU7 SUV, its second EV, with 200,000 orders in 3 minutes after it began sales Thursday ...
DeepSeek's R2 AI Model Could Create Too Much Demand for Nvidia Chips
A shortage of H20 Nvidia chips used by most AI companies due to US export restrictions could hamper adoption of DeepSeek's R2 AI Reasoning model ...
Chinese Carmakers Push EVs in Africa in Face of US Tariffs
Import barriers imposed by the US and Europe prompt Chinese carmakers to use their cost advantage to dominate African markets, starting in South Africa.
Nvidia Passes Microsoft As World's Most Valuable Company
A 4.3% surge in Nvidia's stock price to a record $149.53 on Wednesday has given it a valuation of $3.75 trillion, adding $5 billion to ...
Tesla Austin Robotaxi Trial Already Plagued by Errors
With full self-driving being the primary factor behind Tesla's 150 times earnings valuation, the outcome of the Austin trial could severely lower Tesla prospects and ...
May US Home Sales Plunged, Inventories Peaked
Economic disruption resulting from Trump's erratic and exorbitant tariffs combined with high mortgage rates are making many homebuyers sit and wait.
China, India Cut Indonesian Coal Imports in Shift to Higher Grade
As global coal prices fall on decreasing demand, the world's two leading importers cut out low-grade coal from Indonesia, the world's top coal exporter.
Thailand to Recriminalize Cannabis By Way of Political Revenge
The defection of a minor party from the ruling coalition prompted a Shinawatra order putting cannabis back on the narcotics list requiring a doctor's prescription.
Agentic AI Not Yet Effective Enough, Will Suffer Major Shakeout
It will take until 2028 for at least 15% of daily business transactions will be handled autonomously by Agentic AI applications.
Central Banks See Gold, Euro, Yuan As Safer in Shift from Dollar
The economic chaos unleashed by Trump's erratic and extreme tariffs has made central bank directors around the world consider shifting away from the dollar toward ...
Korean Gamer Krafton Buys Japan's Top Animator ADK
South Korea's hit gamemaker sees synergy in acquiring the animation and advertising capabilities of ADK, one of Japan's top three comprehensive advertising groups.
Anthropic Using Books to Train AI Model Not Copyright Infringement Rules Federal Judge
Storing books in a central library would violate their copyrights, but merely using them to train an AI model is fair use, according to a ...
China Ships New Cars Overseas as Used Cars to Show Sales Growth
Intense competition in China's massive auto industry has resulted in over-production and shipping new cars at used-car prices to Russia, Central Asia and the Middle ...
Tesla Shares Surge on Austin Robotaxi Debut
Tesla's share prices surge 10% on Monday following start of Tesla's Austin Robotaxi operations, sending Price/Earning ratio to astronomical levels.
India Business Activity Surges in June to Meet Export Growth
Trump's prohibitive tariffs on Chinese imports and related supply-chain disruptions have prompted a major shift toward US manufacturing in India.
Jay Kim Forms Key Link in Imports of Legal, Illegal Vapes from China
E-cigarettes brands like Lost Mary and Geek Bar enter the US through Kim's customs brokerage which helps satisfies the bulk of US demand for illegal ...
AAA Credit Ratings for Harvard, Elite Universities Withstand Trump Attacks
S&P Global confirms that stellar credit ratings enjoyed by Harvard and other elite universities can withstand Trump measures calculated to weaken them.
Chinese Weight-Loss Drug Comparable to Wegovy in Study
Patients given weekly injections of Sciwind's GLP-1 lost between 10 and 15% of their body weight in 48 weeks.
China on Track to Become Net Energy Exporter Says Rosneft CEO
Its push into renewables, nuclear and synthetic fuels is transforming China from a leading energy importer into a nation that will soon be exporting energy, ...
European Digital Services Tap Reaction Against Trump's USA
Trump's autocratic, isolationist impact pushes many Americans to seek European services to delink their digital stack from US tech giants.
Trump Plans to Block Use by Allies of US Chip Tech in China
In a desperate contest of wills with Xi Jinping over tariffs and export controls Trump hopes to impose blocks on use of US chip technology ...
Rare Earths Give Beijing Whip Hand in Talks with EU
EU in supplicant position in coming summit with China as it desperaely needs access to more rare earth minerals to keep its industry turning.
Honda's Helm.ai Challenges Tesla's Camera-Based FSD
A camera-based auto control system that interprets the urban environment to allow advance planning poses a direct challenge to the cameras-only system used by Tesla ...
Viet EV Maker Vinfast Opens First US Dealership
A general retreat from the US market in favor of focusing on Asia has prompted Vinfast to switch to a dealership model with by opening ...
Nvidia's SandboxAQ Releases Data to Speed AI Drug Discovery
SandboxAQ has synthetically generated data on the ability of various types of molecules to bind to specific proteins to help researchers use AI for drug ...
Chinese Bitcoin Mining Leaders Beat Tariffs with US Manufacturing Plants
The best-selling makers of bitcoin mining machines, all Chinese, get ahead of tariffs by setting up manufacturing in the US.
China Pushes Digital Yuan to Exploit Dollar's Tariff Slide
Trump tariffs motivate the investing world to seeks alternatives to the dollar and the Bank of China sees an opportunity to capitalize with the digital ...
Trump Tariffs Soften Job Market, Cut Housing Starts
The economic uncertainty and inefficiencies created by Trump's extreme tariffs is seen as the main cause of a sharp reduction in housing starts as well ...
US Battery Makers Squeezed by China's Ban on Antimony Exports
Another rare earth mineral not even discussed in the latest round of US-China trade talks is one essential to the makers of lead-acid batteries still ...
Honda Launches, Recovers Reusable Rocket
Japan's bid to double the size of its space industry by the early 2030s has attracted efforts by Honda, Toyota and others.
'Worse Than Covid' Say LA Small Businesses of ICE Raids
Deportation raids are keeping customers away from Los Angeles businesses that normally see high traffic among immigrant customers.
Taiwan Buys Drone Software War-Tested in Ukraine to Deter China
Taiwan commits to a strategic initiative to add a large drone fleet as a defense against potential invasion by China.
US Retails Sales Fall Biggest in Four Months on Tariff Impact
Falling auto sales begin to show impact of Trump's extreme tariff policy on manufacturing costs and consumer spending.
Trump Extends Deadline for Sale of TikTok to US Owner
A 90-day extension for ByteDance to sell its US operations or face shutdown would be the third such extension since Trump took office.
US Pressures Vietnam to Decouple from Chinese Tech
US companies are forced to shift more of their manufacturing to Vietnam to avoid high tariffs on Chinese imports, but Viet manufacturers can't meet Trump's ...
China Exports, Consumer Spending Grew in May Despite US Tariffs
US tariffs have lowered growth rates but China's industrial output and global exports continues growing albeit at a slower pace.
Green Power Now Cheap Enough to Brush Off Trump Backing for Big Oil
The cost of building solar and wind power generation plants are now lower than the cost of building gas-powered plants, ensuring they will continue to ...
India May Trade Deficit Offset by Surplus in Export of Services
A sharp jump in India's electronics exports helped lower the deficit below the $25 billion anticipated by analysts while export of services rose.
China Now Top Source for Multi-Billion-Dollar Drug Bets by US Big Pharma
China's accelerating investment in biotech research for developing promising new molecules has made it the go-to place for US pharmaceutical giants to seek new licensing ...
China Curbs on Rare Earths for US Weapons Weaken Trump's Tariff Hand
Trump's extreme tariff position faces harsh reality of US weapons systems' dependence on China rare earths and upcoming court rulings that may go strike down ...
Japan PM Under Pressure to End Auto Tariffs in Talks with Trump at G7
Japan's Prime Minister Shigeru Ishiba faces intense pressure and an uphill battle to persuade Trump to drop auto tariffs during their anticipated talks at the ...
Vietnam Tariff Talks Hung up on Reliance on Chinese Components
Vietnam resists agreeing to US demands to cut its heavy reliance on components made in China.
KenCreative 3D Makes Imagination Tangible
Ken Matsutsuru and Ryan Ricasio have combined hustle, creativity, and a 3D printer to build a growing business one flea market at a time.
Rare Earth Shortage Continues to Hamper Ford Production
Despite China's temporary rare earth export licenses for top three US automakers, Ford has struggled to secure sufficient supplies to keep all production lines open ...
Labubu Maker Pop Mart Expands into Jewelry As Valuation Trebled
The maker of collectible dolls and toys has seen the popularity of its cute-ugly creations explode, putting it on track to become China's Disney, according ...
China, EU Eye Closer Cooperation to Counter Trump Tariffs
The EU has provided a growing market for China's exports as shipments to US suffer sharp declines while China has offered to speed up export ...
China Affirms Deal With No Specifics About Rare Earth Licenses
China's statement offers the usual bromides with no specifics about how many rare-earth licenses will be approved in the coming week.
Dollar Continues Plunge Against World's Currencies
A worsening outlook for US economic growth and loss of the perception of the US as a stable safe haven takes a heavy toll on ...
All iPhones Produced in India by Foxconn Now Coming to US
To avoid high tariffs imposed on imports from China Apple has shifted iPhone shipments from its India-based Foxconn production entirely to the US.
Stablecoin Boom Fuels Demand for Short-Term US Treasuries
Demand for 2-,3-. 5-year US Treasuries will increase as more stablecoins come on the market to meet growing demand for crypto assets tethered to the ...
Xiaomi's Luxury YU7 EV SUV Undercuts Tesla Model Y Price
China's mobile phonemaker is seeing high demand for the YU7 SUV, its second EV, with 200,000 orders in 3 minutes after it began sales Thursday ...
DeepSeek's R2 AI Model Could Create Too Much Demand for Nvidia Chips
A shortage of H20 Nvidia chips used by most AI companies due to US export restrictions could hamper adoption of DeepSeek's R2 AI Reasoning model ...
Chinese Carmakers Push EVs in Africa in Face of US Tariffs
Import barriers imposed by the US and Europe prompt Chinese carmakers to use their cost advantage to dominate African markets, starting in South Africa.
Nvidia Passes Microsoft As World's Most Valuable Company
A 4.3% surge in Nvidia's stock price to a record $149.53 on Wednesday has given it a valuation of $3.75 trillion, adding $5 billion to ...
Tesla Austin Robotaxi Trial Already Plagued by Errors
With full self-driving being the primary factor behind Tesla's 150 times earnings valuation, the outcome of the Austin trial could severely lower Tesla prospects and ...
May US Home Sales Plunged, Inventories Peaked
Economic disruption resulting from Trump's erratic and exorbitant tariffs combined with high mortgage rates are making many homebuyers sit and wait.
China, India Cut Indonesian Coal Imports in Shift to Higher Grade
As global coal prices fall on decreasing demand, the world's two leading importers cut out low-grade coal from Indonesia, the world's top coal exporter.
Thailand to Recriminalize Cannabis By Way of Political Revenge
The defection of a minor party from the ruling coalition prompted a Shinawatra order putting cannabis back on the narcotics list requiring a doctor's prescription.
Agentic AI Not Yet Effective Enough, Will Suffer Major Shakeout
It will take until 2028 for at least 15% of daily business transactions will be handled autonomously by Agentic AI applications.
Central Banks See Gold, Euro, Yuan As Safer in Shift from Dollar
The economic chaos unleashed by Trump's erratic and extreme tariffs has made central bank directors around the world consider shifting away from the dollar toward ...
Korean Gamer Krafton Buys Japan's Top Animator ADK
South Korea's hit gamemaker sees synergy in acquiring the animation and advertising capabilities of ADK, one of Japan's top three comprehensive advertising groups.
Anthropic Using Books to Train AI Model Not Copyright Infringement Rules Federal Judge
Storing books in a central library would violate their copyrights, but merely using them to train an AI model is fair use, according to a ...
China Ships New Cars Overseas as Used Cars to Show Sales Growth
Intense competition in China's massive auto industry has resulted in over-production and shipping new cars at used-car prices to Russia, Central Asia and the Middle ...
Tesla Shares Surge on Austin Robotaxi Debut
Tesla's share prices surge 10% on Monday following start of Tesla's Austin Robotaxi operations, sending Price/Earning ratio to astronomical levels.
India Business Activity Surges in June to Meet Export Growth
Trump's prohibitive tariffs on Chinese imports and related supply-chain disruptions have prompted a major shift toward US manufacturing in India.
Jay Kim Forms Key Link in Imports of Legal, Illegal Vapes from China
E-cigarettes brands like Lost Mary and Geek Bar enter the US through Kim's customs brokerage which helps satisfies the bulk of US demand for illegal ...
AAA Credit Ratings for Harvard, Elite Universities Withstand Trump Attacks
S&P Global confirms that stellar credit ratings enjoyed by Harvard and other elite universities can withstand Trump measures calculated to weaken them.
Chinese Weight-Loss Drug Comparable to Wegovy in Study
Patients given weekly injections of Sciwind's GLP-1 lost between 10 and 15% of their body weight in 48 weeks.
China on Track to Become Net Energy Exporter Says Rosneft CEO
Its push into renewables, nuclear and synthetic fuels is transforming China from a leading energy importer into a nation that will soon be exporting energy, ...
European Digital Services Tap Reaction Against Trump's USA
Trump's autocratic, isolationist impact pushes many Americans to seek European services to delink their digital stack from US tech giants.
Trump Plans to Block Use by Allies of US Chip Tech in China
In a desperate contest of wills with Xi Jinping over tariffs and export controls Trump hopes to impose blocks on use of US chip technology ...
Rare Earths Give Beijing Whip Hand in Talks with EU
EU in supplicant position in coming summit with China as it desperaely needs access to more rare earth minerals to keep its industry turning.
Honda's Helm.ai Challenges Tesla's Camera-Based FSD
A camera-based auto control system that interprets the urban environment to allow advance planning poses a direct challenge to the cameras-only system used by Tesla ...
Viet EV Maker Vinfast Opens First US Dealership
A general retreat from the US market in favor of focusing on Asia has prompted Vinfast to switch to a dealership model with by opening ...
Nvidia's SandboxAQ Releases Data to Speed AI Drug Discovery
SandboxAQ has synthetically generated data on the ability of various types of molecules to bind to specific proteins to help researchers use AI for drug ...
Chinese Bitcoin Mining Leaders Beat Tariffs with US Manufacturing Plants
The best-selling makers of bitcoin mining machines, all Chinese, get ahead of tariffs by setting up manufacturing in the US.
China Pushes Digital Yuan to Exploit Dollar's Tariff Slide
Trump tariffs motivate the investing world to seeks alternatives to the dollar and the Bank of China sees an opportunity to capitalize with the digital ...
Trump Tariffs Soften Job Market, Cut Housing Starts
The economic uncertainty and inefficiencies created by Trump's extreme tariffs is seen as the main cause of a sharp reduction in housing starts as well ...
US Battery Makers Squeezed by China's Ban on Antimony Exports
Another rare earth mineral not even discussed in the latest round of US-China trade talks is one essential to the makers of lead-acid batteries still ...
Honda Launches, Recovers Reusable Rocket
Japan's bid to double the size of its space industry by the early 2030s has attracted efforts by Honda, Toyota and others.
'Worse Than Covid' Say LA Small Businesses of ICE Raids
Deportation raids are keeping customers away from Los Angeles businesses that normally see high traffic among immigrant customers.
Taiwan Buys Drone Software War-Tested in Ukraine to Deter China
Taiwan commits to a strategic initiative to add a large drone fleet as a defense against potential invasion by China.
US Retails Sales Fall Biggest in Four Months on Tariff Impact
Falling auto sales begin to show impact of Trump's extreme tariff policy on manufacturing costs and consumer spending.
Trump Extends Deadline for Sale of TikTok to US Owner
A 90-day extension for ByteDance to sell its US operations or face shutdown would be the third such extension since Trump took office.
US Pressures Vietnam to Decouple from Chinese Tech
US companies are forced to shift more of their manufacturing to Vietnam to avoid high tariffs on Chinese imports, but Viet manufacturers can't meet Trump's ...
China Exports, Consumer Spending Grew in May Despite US Tariffs
US tariffs have lowered growth rates but China's industrial output and global exports continues growing albeit at a slower pace.
Green Power Now Cheap Enough to Brush Off Trump Backing for Big Oil
The cost of building solar and wind power generation plants are now lower than the cost of building gas-powered plants, ensuring they will continue to ...
India May Trade Deficit Offset by Surplus in Export of Services
A sharp jump in India's electronics exports helped lower the deficit below the $25 billion anticipated by analysts while export of services rose.
China Now Top Source for Multi-Billion-Dollar Drug Bets by US Big Pharma
China's accelerating investment in biotech research for developing promising new molecules has made it the go-to place for US pharmaceutical giants to seek new licensing ...
China Curbs on Rare Earths for US Weapons Weaken Trump's Tariff Hand
Trump's extreme tariff position faces harsh reality of US weapons systems' dependence on China rare earths and upcoming court rulings that may go strike down ...
Japan PM Under Pressure to End Auto Tariffs in Talks with Trump at G7
Japan's Prime Minister Shigeru Ishiba faces intense pressure and an uphill battle to persuade Trump to drop auto tariffs during their anticipated talks at the ...
Vietnam Tariff Talks Hung up on Reliance on Chinese Components
Vietnam resists agreeing to US demands to cut its heavy reliance on components made in China.
KenCreative 3D Makes Imagination Tangible
Ken Matsutsuru and Ryan Ricasio have combined hustle, creativity, and a 3D printer to build a growing business one flea market at a time.
Rare Earth Shortage Continues to Hamper Ford Production
Despite China's temporary rare earth export licenses for top three US automakers, Ford has struggled to secure sufficient supplies to keep all production lines open ...
Labubu Maker Pop Mart Expands into Jewelry As Valuation Trebled
The maker of collectible dolls and toys has seen the popularity of its cute-ugly creations explode, putting it on track to become China's Disney, according ...
China, EU Eye Closer Cooperation to Counter Trump Tariffs
The EU has provided a growing market for China's exports as shipments to US suffer sharp declines while China has offered to speed up export ...
China Affirms Deal With No Specifics About Rare Earth Licenses
China's statement offers the usual bromides with no specifics about how many rare-earth licenses will be approved in the coming week.
Dollar Continues Plunge Against World's Currencies
A worsening outlook for US economic growth and loss of the perception of the US as a stable safe haven takes a heavy toll on ...
All iPhones Produced in India by Foxconn Now Coming to US
To avoid high tariffs imposed on imports from China Apple has shifted iPhone shipments from its India-based Foxconn production entirely to the US.
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