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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 ...

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 ...

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.

US Factories Slowed in November

Reduced demand due to higher prices from Trump tariffs was behind the slowest US factory activity in four months.

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 ...

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 ...

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 ...

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 ...

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 - ...

Japan's Big Stimulus Package Accelerates Investor Flight

Sanae Takaichi's plan to borrow to send $150 billion worth of stimulus checks causes flight from the yen and government bonds, sending borrowing costs to ...

Walmart Thrives on Online Demand for Bargain-Priced Essentials

Walmart's fall sales rose 4.5% to beat forecasts as low- and middle-income consumers seek a haven from rising prices.

New Jobless Claims Edge Down, Hiring Stays Weak

Last week's new unemployment claims fell 8,000 to 220,000 but unemployment rate rises to 440,000 on weak job creation.

Epic AI Borrowing Boom Spooks Investors

A tidal wave of hundred-billion-dollar bets on new AI centers is taxing the private debt market to the limits of credulity on the sector's ability ...

Waymo Expands Robotaxi Service to 3 More Cities

The nation's leading robotaxi service is expanding to Minneapolis, Tampa and New Orleans, starting with human-driven mapping and data collection of each city.

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.

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 ...

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.

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 ...

Stocks Roller-Coaster on Nvidia Relief, Fading Rate Cut Hopes

Investors weigh tech sector relief on Nvidia's AI euphoria against fading hopes for a December rate cut.

Nvidia's Wednesday Earnings Report Seen as Reality Check for AI Boom

The company struggling to meet the demand for the GPUs at the heart of virtually every AI processing has become the bellwether of the world's ...

Timeline of US Trade War with China

This recap is for everyone who has trouble keeping up with the many volleys Trump fired, China's responses and the actual current state of tariffs ...

Nvidia Memory Switch to Place Huge Demand on Samsung, SK Hynix

Nvidia's decision to switch its AI data center architecture to low-power memory chips used in smartphones will produce another surge in memory demand for Samsung, ...

Target Q3 Sales Fell More Than Expected

The mid-market retailer which suffered a 35% drop in its share value this year plans to invest $1 billion in a turnaround effort.

Nvidia Q3 Report Calms Investor Jitters

The AI leader's forecast for Q4 were higher than estimates on booming AI GPU demand that Nvidia is unlikely to fully fill for some time ...

Asia Tech Sector Stocks Jump on Stellar Nvidia Earnings

AI supply chain stocks TSMC, Samsung and SK Hynix, among others, jumped on Nvidia rosy forecast for Q4 which erased fears of an AI bubble.

Tesla Gets Permit to Operate Taxi Service in Arizona

The service will require drivers as a step toward Tesla's scaled-down goal of launching robotaxi services in 8 metro areas by the end of the ...

Jobless Rolls Swelled Between Mid-September and Mid-October

Uncertainties due to disrupted trade and a government shutdown caused a jump in unemployment claims during October though precise figures will require the BLS to ...

Temu, Shein Report Strong Growth

Discounts and aggressive marketing have allowed China's e-commerce to enjoy strong revenue and profit growth despite pressures from US tariffs.

Kroger Closes 3 Robotic Warehouses Operated by Ocado

Optimistic plans by Kroger and Ocado to jointly open 20 automated warehouses across the US has been curtailed after eight were built and three of ...

Xiaomi to Raise Smartphone Prices on Rising Memory Cost

As memory chipmakers like Samsung shift capacity toward high-bandwidth chips for AI GPUs, prices have surged on scarce chips for consumer electronics.

AI Bubble or No Bubble? Analysts Weigh In

The trillion-plus dollars being committed to building out AI data centers has some analysts making uneasy comparisons to the dotcom bubble of 1999.

US Small and Midsize Businesses Optimistic About 2026

A majority of American small and mid-sized business owners are planning to expand on expectations that tariff disruptions of prices and supply chains will ease.

Nissan Cuts Domestic Production on Nexperia Chip Shortage

The Dutch government's takeover of Chinese-owned Nexperia has disrupted the supply of wafers being shipped to the Chinese plant that produces the low-tech chips essential ...