FedEx Leads Anticipated Flood of Tariff-Refund Suits
Importers, distributors and suppliers are the most numerous among tens of thousands of firms expected to seek tariff refunds.
Business
Tech Giants Scramble to Invest $650 Billion in AI Infrastructure in 2026
The race to secure scarce compute resources for a place in the AI space keeps investment spending at a risky fever pitch, says an analysis ...
Trump's New Tariff Threats, Tirades Unnerve Markets
The confusion Trump created with 15% temporary tariffs is compounded by his threats against countries reconsidering deals made under the Liberation-Day Tariffs that have now ...
OpenAI Pushes Forward-Deployed AI Engineers in Tieups with Consulting Giants
The AI pioneer commits to the enterprise side of its business as being essential to its burgeoning business model.
US Customs to Continue Collecting Illegal Tariffs Until Tuesday
On Tuesday the new 15% temporary tariffs declared by Trump will replace the ones outlawed by the Supreme Court.
The World Reacts to Supreme Court Tariff Decision
Reactions from trading partners reflect a desire to strike a balance between optimism and dread as Trump continues lashing out at the Supreme Court and ...
GM, Honda Among Automakers Pushing Toward Level 3 Eyes-Off Driving
Difficulties encountered by Tesla and Mercedes-Benz in trying to introduce level-3 driving systems hasn't discouraged some automakers who believe the benefits of giving drivers the ...
Asha Sharma Recommits to Xbox as New Head of Microsoft Gaming
The transition to new leadership at the gaming division coincides with a shift toward AI in the underlying technology.
EU to US: No Tariff Increases Tolerated
Trump's heated announcement of 15% temporary tariffs and trade probes to justify higher targeted tariffs have raised hackles in Europe.
Chinese EVs Face Challenge from Biggest Carmaker You've Never Heard Of
India's Tata Motors combines cost-efficient EV manufacturing with Chinese battery technology to expand into the global market.
India Delays Talks on Trade Deal After Trump Tariffs Nixed
An Indian trade delegation's planned visit to DC has been postponed amid confusion after the Supreme Court struck down "Liberation Day Tariffs" and a huffy ...
Europe Credits Sharp Inflation Drop to Rise in Chinese Imports
The drop in inflation to 1.7% in January, below the target level, was due to increased price competition produced by the 27% increase in Chinese ...
Tariff-Obsessed Trump Bumps Up Temporary Tariffs to 15%
Seething from a perceived betrayal by a conservative-majority Supreme Court, Trump lashes out with threats of more tariffs despite GOP sentiment against their wisdom.
Trump Substitutes Temporary 10% Tariffs After Supreme Court Defeat
After the so-called Liberation-Day Tariffs were struck down by the high court, Trump scrambled to sign an order imposing 10% tariffs on the entire world ...
OpenAI Plans $600 Billion Spend on Compute through 2030
The investment plan is based on a projected $280 billion in annual revenues by 2030.
US Owes Estimated $175 Billion in Tariff Refunds
The Penn-Wharton Budget Model estimates that the amount collected under Trump's unauthorized invocation of IEEPA is at least $175 billion.
How Tariff Refunds May Be Processed
The Supreme Court's decision is a clear win for US businesses and the global economy by restoring lost efficiencies, but the process of actually refunding ...
US Stocks Turn Up on Nixing of Trump Tariffs
The Supreme Court ruling is expected to have a positive impact on consumer prices, consumer-goods companies and US manufacturers in general by restoring some of ...
US Business Activity Continues Slowing into February
The S&P Global US Composite PMI slipped to 52.3, suggesting that the 1.5% GDP growth in Q4 is continuing into 2026.
OpenAI Developing AI Devices, Including Smart Speakers
To justify its astronomical trillion-dollar valuation, Open AI is developing an entire family of tangible AI-enhanced consumer devices.
India's Solid All-Around Growth Strengthens in February
The Composite PMI surged to a robust 59.3 in February from a strong 58.4 in January on rising factory orders and consumer demand.
Tesla Unveils Cheaper Cybertruck to Counter Falling US Sales
The new price of $59,999 makes the dual-motor, all-wheel-drive model price-competitive with comparable ICE-engine pickups.
US Growth Slumped in Q4 on Emerging Tariff Drag, Government Shutdown
GDP growth came in at 1.4%, less than half the expected 3.0% and a third of the 4.4% pace in Q3.
Nvidia $30 Billion OpenAI Investment to Replace Larger Long-Term Deal
A $100 billion investment deal to which the firms had committed last year will be replaced by the smaller short-term deal.
Japan February Factory Activity Grew Most in 4 Years
The S&P Manufacturing Purchasing Manager Index (PMI) rose to 52.8 from 51.5 in January, the highest level since May 2022.
Las Vegas Sees Steep Drop in Budget-Conscious Visitors
Sin City drew 3.1 million fewer visitors in 2025, with the trend continuing into the December holiday season and the new year.
Meta Cuts Employee Stock Options 5% to Fund AI Investments
Meta's massive investments in AI to catch up with industry leaders had already resulted in 2025 cuts to both staff and to employee stock grants.
Solar Panels Shift to Copper on Surging Silver Prices
Rising silver prices is inducing solar panel producers to switch to a metal with lower conductivity but costs 99.5% less.
US Trade Deficit Hit Record in December Despite Trump Tariffs
A 32.6% leap in the trade deficit to a new record suggests Trump's so-called Liberation Tariffs actually merely stifled US exports while failing to discourage ...
DoorDash Surges on Unstoppable Demand for Food, Grocery Delivery
A 32% jump in Q4 orders by consumers willing to pay for convenience spurred an 11% premarket jump in DoorDash shares.
California Fights US for EV Incentives As Carmakers Write Off EV Investments
California leads 12 states looking to put an end to smoggy summers by fighting Trump's crusade to crush EV sales and encourage petroleum use.
US Credit Card Balances, Borrowers Jumped 10% in 2025
Total unsecured loan balances surged to $276 billion in 2025 as 2 million more struggling lower-income consumers used their credit cards to meet household expenses.
Jobless Claims Drop Suggests US Labor Market May Avoid Freefall
The past week's claims eases fears that the disruptions caused by Trump tariffs and mass deportations would continue to erode economic growth.
China Scheme to Reroute Global Trade Around US Boosted by Trump Tariffs
Since Trump began his tariff offensive China began its own offensive to build trade ties that reduce the world's reliance on the US economy.
3 Viet Airlines Ink Deals for $30 Billion for 90 Boeing Jets
Negotiations for a US-Vietnam trade deal has produced orders for various Boeing 787-9 Dreamliners as well as 737s.
Fei-Fei Li's World Labs Raises $1 Billion for Spatial Intelligence Development
The spatial AI pioneer's funding round included investments from Nvidia, AMD, Autodesk and Emerson Collective, among others.
Food Giants Invest in Health Rebranding Amid GLP-1 Weight-loss Trend
Snack makers shorten ingredient lists and reduce pack sizes to accommodate a surge in consumers taking appetite-suppressing drugs.
Geely Committed to Supporting Sweden's Polestar in Global Growth Strategy
Polestar rolls out updates of its top-selling Polestar 2 sedan and the Polestar 4 SUV models to boost European sales as its Chinese parent Geely ...
Uber to Invest $100 Million to Build Charging Hubs for Robotaxis
The charging hub buildout will begin the SF Bay Area, Los Angeles and Dallas before expanding out to other cities.
US Exports to China Dismal Says Port of LA Director
Trump tariffs provoked retaliation by other nations, causing January US export volume to contract to the lowest level in 3 years.
Drop in Undocumented Immigration Hurts Job Growth for US Citizen Workers
Job growth rose from 2021 and fell from March 2024 in total lockstep with levels of undocumented migration.
General Mills Cuts 2026 Forecast on Shift to Generics, Weight-Conscious Habits
Packages food companies are feeling the impact of lower-income consumers coping with inflation by switching to bargain-brand alternatives and changing eating habits by the weight-conscious.
Italian Imports' 7% Rise in 2025 Despite Tariffs Bespeaks US K-Shaped Economy
Accelerating income growth of upper-middle-class and wealthy Americans gave Italian imports a surprising boost despite Trump's 15% EU tariffs.
Luxury Stock Prices Reflect AI Jitters, Hedge Fund Action
Shares of luxury companies are seen as a barometer of the fortunes of wealthy Americans as reflected in US stock indexes.
China Smelter Profits Surge on Sulphuric Acid Demand
Rising demand for sulphuric acid for mining and lithium-iron batteries combined with loss of Russian capacity to give China's copper smelters a huge windfall.
Alibaba Releases Quen 3.5 for Independent Work Across Desktop and Mobile
The upgrade to China's number 3 AI model is touted to be 8 times faster at processing large workloads and 60% cheaper to use than ...
Hedge Funds Made Record Bet on Asia Stocks
Global hedge funds sold off tech stocks on AI bubble fears but pumped billions into Asian markets, causing big gains in Asian stock indexes.
Volkswagen to Cut Costs 20% by 2028 to Cope with Chinese EVs
The plan calls for 35,000 jobs to be cut by 2030 by reducing management positions and consolidating production platforms.
US Withdraws List of Chinese Firms Linked to Military
The list filled with China's top tech companies was withdrawn an hour after it was posted, suggesting efforts to maintain a workable trade truce with ...
China Biotechs Enjoy Surge in Licensing to Foreign Pharmaceutical Firms
Drugmakers across the world are looking to China's swelling drug development pipeline to license new molecules at lower cost.
FedEx Leads Anticipated Flood of Tariff-Refund Suits
Importers, distributors and suppliers are the most numerous among tens of thousands of firms expected to seek tariff refunds.
Tech Giants Scramble to Invest $650 Billion in AI Infrastructure in 2026
The race to secure scarce compute resources for a place in the AI space keeps investment spending at a risky fever pitch, says an analysis ...
Trump's New Tariff Threats, Tirades Unnerve Markets
The confusion Trump created with 15% temporary tariffs is compounded by his threats against countries reconsidering deals made under the Liberation-Day Tariffs that have now ...
OpenAI Pushes Forward-Deployed AI Engineers in Tieups with Consulting Giants
The AI pioneer commits to the enterprise side of its business as being essential to its burgeoning business model.
US Customs to Continue Collecting Illegal Tariffs Until Tuesday
On Tuesday the new 15% temporary tariffs declared by Trump will replace the ones outlawed by the Supreme Court.
The World Reacts to Supreme Court Tariff Decision
Reactions from trading partners reflect a desire to strike a balance between optimism and dread as Trump continues lashing out at the Supreme Court and ...
GM, Honda Among Automakers Pushing Toward Level 3 Eyes-Off Driving
Difficulties encountered by Tesla and Mercedes-Benz in trying to introduce level-3 driving systems hasn't discouraged some automakers who believe the benefits of giving drivers the ...
Asha Sharma Recommits to Xbox as New Head of Microsoft Gaming
The transition to new leadership at the gaming division coincides with a shift toward AI in the underlying technology.
EU to US: No Tariff Increases Tolerated
Trump's heated announcement of 15% temporary tariffs and trade probes to justify higher targeted tariffs have raised hackles in Europe.
Chinese EVs Face Challenge from Biggest Carmaker You've Never Heard Of
India's Tata Motors combines cost-efficient EV manufacturing with Chinese battery technology to expand into the global market.
India Delays Talks on Trade Deal After Trump Tariffs Nixed
An Indian trade delegation's planned visit to DC has been postponed amid confusion after the Supreme Court struck down "Liberation Day Tariffs" and a huffy ...
Europe Credits Sharp Inflation Drop to Rise in Chinese Imports
The drop in inflation to 1.7% in January, below the target level, was due to increased price competition produced by the 27% increase in Chinese ...
Tariff-Obsessed Trump Bumps Up Temporary Tariffs to 15%
Seething from a perceived betrayal by a conservative-majority Supreme Court, Trump lashes out with threats of more tariffs despite GOP sentiment against their wisdom.
Trump Substitutes Temporary 10% Tariffs After Supreme Court Defeat
After the so-called Liberation-Day Tariffs were struck down by the high court, Trump scrambled to sign an order imposing 10% tariffs on the entire world ...
OpenAI Plans $600 Billion Spend on Compute through 2030
The investment plan is based on a projected $280 billion in annual revenues by 2030.
US Owes Estimated $175 Billion in Tariff Refunds
The Penn-Wharton Budget Model estimates that the amount collected under Trump's unauthorized invocation of IEEPA is at least $175 billion.
How Tariff Refunds May Be Processed
The Supreme Court's decision is a clear win for US businesses and the global economy by restoring lost efficiencies, but the process of actually refunding ...
US Stocks Turn Up on Nixing of Trump Tariffs
The Supreme Court ruling is expected to have a positive impact on consumer prices, consumer-goods companies and US manufacturers in general by restoring some of ...
US Business Activity Continues Slowing into February
The S&P Global US Composite PMI slipped to 52.3, suggesting that the 1.5% GDP growth in Q4 is continuing into 2026.
OpenAI Developing AI Devices, Including Smart Speakers
To justify its astronomical trillion-dollar valuation, Open AI is developing an entire family of tangible AI-enhanced consumer devices.
India's Solid All-Around Growth Strengthens in February
The Composite PMI surged to a robust 59.3 in February from a strong 58.4 in January on rising factory orders and consumer demand.
Tesla Unveils Cheaper Cybertruck to Counter Falling US Sales
The new price of $59,999 makes the dual-motor, all-wheel-drive model price-competitive with comparable ICE-engine pickups.
US Growth Slumped in Q4 on Emerging Tariff Drag, Government Shutdown
GDP growth came in at 1.4%, less than half the expected 3.0% and a third of the 4.4% pace in Q3.
Nvidia $30 Billion OpenAI Investment to Replace Larger Long-Term Deal
A $100 billion investment deal to which the firms had committed last year will be replaced by the smaller short-term deal.
Japan February Factory Activity Grew Most in 4 Years
The S&P Manufacturing Purchasing Manager Index (PMI) rose to 52.8 from 51.5 in January, the highest level since May 2022.
Las Vegas Sees Steep Drop in Budget-Conscious Visitors
Sin City drew 3.1 million fewer visitors in 2025, with the trend continuing into the December holiday season and the new year.
Meta Cuts Employee Stock Options 5% to Fund AI Investments
Meta's massive investments in AI to catch up with industry leaders had already resulted in 2025 cuts to both staff and to employee stock grants.
Solar Panels Shift to Copper on Surging Silver Prices
Rising silver prices is inducing solar panel producers to switch to a metal with lower conductivity but costs 99.5% less.
US Trade Deficit Hit Record in December Despite Trump Tariffs
A 32.6% leap in the trade deficit to a new record suggests Trump's so-called Liberation Tariffs actually merely stifled US exports while failing to discourage ...
DoorDash Surges on Unstoppable Demand for Food, Grocery Delivery
A 32% jump in Q4 orders by consumers willing to pay for convenience spurred an 11% premarket jump in DoorDash shares.
California Fights US for EV Incentives As Carmakers Write Off EV Investments
California leads 12 states looking to put an end to smoggy summers by fighting Trump's crusade to crush EV sales and encourage petroleum use.
US Credit Card Balances, Borrowers Jumped 10% in 2025
Total unsecured loan balances surged to $276 billion in 2025 as 2 million more struggling lower-income consumers used their credit cards to meet household expenses.
Jobless Claims Drop Suggests US Labor Market May Avoid Freefall
The past week's claims eases fears that the disruptions caused by Trump tariffs and mass deportations would continue to erode economic growth.
China Scheme to Reroute Global Trade Around US Boosted by Trump Tariffs
Since Trump began his tariff offensive China began its own offensive to build trade ties that reduce the world's reliance on the US economy.
3 Viet Airlines Ink Deals for $30 Billion for 90 Boeing Jets
Negotiations for a US-Vietnam trade deal has produced orders for various Boeing 787-9 Dreamliners as well as 737s.
Fei-Fei Li's World Labs Raises $1 Billion for Spatial Intelligence Development
The spatial AI pioneer's funding round included investments from Nvidia, AMD, Autodesk and Emerson Collective, among others.
Food Giants Invest in Health Rebranding Amid GLP-1 Weight-loss Trend
Snack makers shorten ingredient lists and reduce pack sizes to accommodate a surge in consumers taking appetite-suppressing drugs.
Geely Committed to Supporting Sweden's Polestar in Global Growth Strategy
Polestar rolls out updates of its top-selling Polestar 2 sedan and the Polestar 4 SUV models to boost European sales as its Chinese parent Geely ...
Uber to Invest $100 Million to Build Charging Hubs for Robotaxis
The charging hub buildout will begin the SF Bay Area, Los Angeles and Dallas before expanding out to other cities.
US Exports to China Dismal Says Port of LA Director
Trump tariffs provoked retaliation by other nations, causing January US export volume to contract to the lowest level in 3 years.
Drop in Undocumented Immigration Hurts Job Growth for US Citizen Workers
Job growth rose from 2021 and fell from March 2024 in total lockstep with levels of undocumented migration.
General Mills Cuts 2026 Forecast on Shift to Generics, Weight-Conscious Habits
Packages food companies are feeling the impact of lower-income consumers coping with inflation by switching to bargain-brand alternatives and changing eating habits by the weight-conscious.
Italian Imports' 7% Rise in 2025 Despite Tariffs Bespeaks US K-Shaped Economy
Accelerating income growth of upper-middle-class and wealthy Americans gave Italian imports a surprising boost despite Trump's 15% EU tariffs.
Luxury Stock Prices Reflect AI Jitters, Hedge Fund Action
Shares of luxury companies are seen as a barometer of the fortunes of wealthy Americans as reflected in US stock indexes.
China Smelter Profits Surge on Sulphuric Acid Demand
Rising demand for sulphuric acid for mining and lithium-iron batteries combined with loss of Russian capacity to give China's copper smelters a huge windfall.
Alibaba Releases Quen 3.5 for Independent Work Across Desktop and Mobile
The upgrade to China's number 3 AI model is touted to be 8 times faster at processing large workloads and 60% cheaper to use than ...
Hedge Funds Made Record Bet on Asia Stocks
Global hedge funds sold off tech stocks on AI bubble fears but pumped billions into Asian markets, causing big gains in Asian stock indexes.
Volkswagen to Cut Costs 20% by 2028 to Cope with Chinese EVs
The plan calls for 35,000 jobs to be cut by 2030 by reducing management positions and consolidating production platforms.
US Withdraws List of Chinese Firms Linked to Military
The list filled with China's top tech companies was withdrawn an hour after it was posted, suggesting efforts to maintain a workable trade truce with ...
China Biotechs Enjoy Surge in Licensing to Foreign Pharmaceutical Firms
Drugmakers across the world are looking to China's swelling drug development pipeline to license new molecules at lower cost.
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