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.
Business
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.
Investors React to China Topping June Growth Forecasts
China's GDP and industrial output grew faster than expected in June, leaving most investors relieved.
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.
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.
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.
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, ...
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 ...
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.
Polestar EV Sales Jump 38% in Europe,
Polestar has been aggressive in producing locally in Europe and the US ahead of tariffs.
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.
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 ...
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.
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.
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.
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.
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 ...
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.
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 ...
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.
8 Big Chinese Carmakers Expand Presence in Europe
China's ultra-competitive EV makers are building to capitalize on vast growth opportunities in Europe where EV adoption is at a much faster rate than other ...
Leading American Apparel Brands Will Likely Pay These Tariffs
US brands like Ralph Lauren, Nike, Skechers and Michael Kors face varying tariff levels based on what they manufacture in Asian nations.
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 ...
Xi Seeks to Preserve China's Rust Belt Heavy Industries
Even as he pushes heavy investment in new hi-tech industries like AI and semiconductors, Chinese President emphasizes the importance of maintaining the heavy industries that ...
Japanese Carmakers Cut Production Due to China Rare Earth Export Curbs
Nissan and Suzuki are forced to cut back production due to a shortage of components requiring rare earths from China.
China Auto Sales Surged in June Amid Intense EV Competition
Even Tesla showed growth in June with its refreshed Model Y as China's carmakers resorted to extreme measures to stand out among a vast field ...
Tesla Shares Slide on Musk's America Party Launch
Investors read Elon Musk's declaration of a third party as portending further distraction by Tesla's CEO.
Apple's Top AI Exec Ruoming Pang Poached by Meta
An aggressive push to build up Meta's Superintelligence Lab has Mark Zuckerberg enticing AI researchers away from other top AI firms with promises of multi-million-dollar ...
BYD to Begin EV Assembly in Brazil
China's leading EV-maker expands manufacturing capacity with a new plant in its biggest overseas market.
Shipbuilding Cooperation, Cost of US Forces Loom Large in S. Korea Tariff Talks
Tariff talks with S. Korea are focused more on non-tariff issues like cooperation to help revitalize US shipbuilding and contributing more to support the large ...
Dollar Slides to Multi-Year Lows on Scarcity of Tariff Deals
As the world nears the Trump tariff deadline with few actual deals the investment community is bracing for the US economy to suffer declines in ...
Investors No Longer Take Tariff Deadline Seriously
The erratic, ever-changing nature of the administration's tariff policy has left the investment community skeptical of the significance of the July 9 "tariff deadline".
Anti-DEI Firm Azoria Postpones Tesla ETF After Musk Forms New Party
A firm with an anti-DEI fund was to list an exchange traded fund holding Tesla shares and options but it's MAGA head is scared off ...
China's First Legoland Sells Out in Shanghai Despite Heatwave
Despite a heatwave with 100°+ temperatures families from all over China flocked to the Shanghai Legoland Resort, filling local hotels.
TikTok Sale Talks Slated to Begin This Week
The US version of the popular short-video app is required to be sold to US owners by September 17 or be shut down.
GE Allowed to Resume Jet Engine Shipments to China
As part of a deal to get China to resume delivery of rare-earth magnets, the US has lifted restrictions on shipments of jet engines bound ...
Europe Fears Impact of US Law Legitimizing Dollar-Backed Stablecoins
The anticipated US regulatory framework for stablecoins has the potential to create substantial capital outflows away from the Euro to the dollar.
Geoff Kim Opens India Cancer Hospital to Prove Out AI Drug Study Software
FDA experience reviewing clinical trials for cancer drugs helped Kim's Pi Health develop AI software to help pharmaceutical firms streamline the long, costly drug review ...
Japan Worker Shortage Forces Record Pay Hike
An aging population procreating far below replacement rate and little immigration, Japanese companies have no choice but to keep raising wages at the world's highest ...
15 Chinese EV Brands Expected to Survive Next Five Years
Intense cutthroat price-competition among China's 129 EV makers are expected to produce consolidations and shakeout for a nearly 90% reduction in brands.
US Trade Deficit Widened in May Despite Tariffs
The trade deficit reduced first-quarter gross domestic product by 4.61% as US firms front-loaded imports ahead of possibly even higher tariffs.
June Jobs Numbers Hide Underlying Weakness
Half of the jobs numbers owed to seasonal state government educational hiring, obscuring the weakest private-sector growth in eight months as economic headwinds rise.
Vietnam Trade Deal Baffles Retailers About Effective Tariff Rates
The 20% tariffs on imports from Vietnam and 40% tariffs imposed on transshipments complicates the actual rates that would apply as most goods from Vietnam ...
US June Hiring Beat Expectations, Cut Jobless Rate
The unemployment rate fell to 4.1% as employers unexpectedly added more workers than projected by economists during a time of high uncertainty.
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.
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.
Investors React to China Topping June Growth Forecasts
China's GDP and industrial output grew faster than expected in June, leaving most investors relieved.
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.
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.
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.
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, ...
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 ...
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.
Polestar EV Sales Jump 38% in Europe,
Polestar has been aggressive in producing locally in Europe and the US ahead of tariffs.
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.
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 ...
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.
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.
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.
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.
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 ...
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.
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 ...
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.
8 Big Chinese Carmakers Expand Presence in Europe
China's ultra-competitive EV makers are building to capitalize on vast growth opportunities in Europe where EV adoption is at a much faster rate than other ...
Leading American Apparel Brands Will Likely Pay These Tariffs
US brands like Ralph Lauren, Nike, Skechers and Michael Kors face varying tariff levels based on what they manufacture in Asian nations.
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 ...
Xi Seeks to Preserve China's Rust Belt Heavy Industries
Even as he pushes heavy investment in new hi-tech industries like AI and semiconductors, Chinese President emphasizes the importance of maintaining the heavy industries that ...
Japanese Carmakers Cut Production Due to China Rare Earth Export Curbs
Nissan and Suzuki are forced to cut back production due to a shortage of components requiring rare earths from China.
China Auto Sales Surged in June Amid Intense EV Competition
Even Tesla showed growth in June with its refreshed Model Y as China's carmakers resorted to extreme measures to stand out among a vast field ...
Tesla Shares Slide on Musk's America Party Launch
Investors read Elon Musk's declaration of a third party as portending further distraction by Tesla's CEO.
Apple's Top AI Exec Ruoming Pang Poached by Meta
An aggressive push to build up Meta's Superintelligence Lab has Mark Zuckerberg enticing AI researchers away from other top AI firms with promises of multi-million-dollar ...
BYD to Begin EV Assembly in Brazil
China's leading EV-maker expands manufacturing capacity with a new plant in its biggest overseas market.
Shipbuilding Cooperation, Cost of US Forces Loom Large in S. Korea Tariff Talks
Tariff talks with S. Korea are focused more on non-tariff issues like cooperation to help revitalize US shipbuilding and contributing more to support the large ...
Dollar Slides to Multi-Year Lows on Scarcity of Tariff Deals
As the world nears the Trump tariff deadline with few actual deals the investment community is bracing for the US economy to suffer declines in ...
Investors No Longer Take Tariff Deadline Seriously
The erratic, ever-changing nature of the administration's tariff policy has left the investment community skeptical of the significance of the July 9 "tariff deadline".
Anti-DEI Firm Azoria Postpones Tesla ETF After Musk Forms New Party
A firm with an anti-DEI fund was to list an exchange traded fund holding Tesla shares and options but it's MAGA head is scared off ...
China's First Legoland Sells Out in Shanghai Despite Heatwave
Despite a heatwave with 100°+ temperatures families from all over China flocked to the Shanghai Legoland Resort, filling local hotels.
TikTok Sale Talks Slated to Begin This Week
The US version of the popular short-video app is required to be sold to US owners by September 17 or be shut down.
GE Allowed to Resume Jet Engine Shipments to China
As part of a deal to get China to resume delivery of rare-earth magnets, the US has lifted restrictions on shipments of jet engines bound ...
Europe Fears Impact of US Law Legitimizing Dollar-Backed Stablecoins
The anticipated US regulatory framework for stablecoins has the potential to create substantial capital outflows away from the Euro to the dollar.
Geoff Kim Opens India Cancer Hospital to Prove Out AI Drug Study Software
FDA experience reviewing clinical trials for cancer drugs helped Kim's Pi Health develop AI software to help pharmaceutical firms streamline the long, costly drug review ...
Japan Worker Shortage Forces Record Pay Hike
An aging population procreating far below replacement rate and little immigration, Japanese companies have no choice but to keep raising wages at the world's highest ...
15 Chinese EV Brands Expected to Survive Next Five Years
Intense cutthroat price-competition among China's 129 EV makers are expected to produce consolidations and shakeout for a nearly 90% reduction in brands.
US Trade Deficit Widened in May Despite Tariffs
The trade deficit reduced first-quarter gross domestic product by 4.61% as US firms front-loaded imports ahead of possibly even higher tariffs.
June Jobs Numbers Hide Underlying Weakness
Half of the jobs numbers owed to seasonal state government educational hiring, obscuring the weakest private-sector growth in eight months as economic headwinds rise.
Vietnam Trade Deal Baffles Retailers About Effective Tariff Rates
The 20% tariffs on imports from Vietnam and 40% tariffs imposed on transshipments complicates the actual rates that would apply as most goods from Vietnam ...
US June Hiring Beat Expectations, Cut Jobless Rate
The unemployment rate fell to 4.1% as employers unexpectedly added more workers than projected by economists during a time of high uncertainty.
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