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.
Business
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The list filled with China's top tech companies was withdrawn an hour after it was posted, suggesting efforts to maintain a workable trade truce with ...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.
Taiwan's 2026 Growth Forecast Doubles on AI Boom
Taiwan's GDP is expected to rise to 7.71%, over twice the 3.54% projected in November, due to the island nation's central role in fabricating AI ...
Start of Year Price Increases Kept Inflation Rising in January
The consumer price index is estimated to have rises about 0.3%, considerably higher than the target 0.2%, keeping another Fed rate hike off the table.
GE Jet Engine Repair Hub Turns to Robots, AI to Boost Volume
GE Aerospace's Singapore repair hub tackles the surging volume of engine repairs by training robots to handle some of the most demanding processes.
Rivian Prospects Rise on Sales of Affordable R2 Model
A 53% jump is forecast for 2026 on optimistic prospects for the $45,000 R2 small SUV.
Americans Pay Virtually All of Trump Tariffs Says New York Fed
The finding that Americans pay for 90% of all tariffs refute the President's assertion that they're borne by foreign companies.
Hermes Sales Growth Strong As China Economy Regains Footing
Hermes US sales jumped 12.1% while China rose 8.4% in 2025, suggesting the contagion from the property market meltdown has been contained.
Samsung Ships HBM4 in Push to Catch AI Memory Leader SK Hynix
The global memory chip leader had fallen behind domestic rival SK Hynix in producing high-bandwidth memory for AI data centers.
Middle Powers Network to Build Investible Alternative to US
Trump tariffs and erratic policies motivate European and Asian nations to form economic alliances that make the US less central to global finance.
ByteDance's AI Video Generator Creates Another DeepSeek Moment
The Seedance 2.0 AI model impresses Silicon Valley as more powerful evidence that China has become a true rival to the US in creating advanced ...
Softbank Posts 4th Straight Quarterly Profits on OpenAI Gains
Masayoshi Son's Japanese tech-investment group took on more debt to increase its $30 billion bet on the US AI pioneer.
Apple Defies China 23% January Smartphone Sales Plunge
While domestic rival Xiaomi Freefell 36%, the iPhone 17 series gave Apple upward momentum.
Weekly Jobless Claims Stay Elevated, Suggesting Job Growth Remains Weak
New claims for jobless benefits totaled 227,000 last week, dashing hopes that job growth was accelerating based on January figures.
2025 Job Creation Plunged to One-Eighth of 2024
The US added only 181,000 jobs in 2025, about an eighth of the 1.46 million jobs created in 2024, according to revised Labor Department stats.
Hyundai Shares Surge As Robotics Push Takes Shape
The deployment of Boston Dynamics robot dogs at a UK nuclear power plant and the resignation of its CEO spurred a 6% jump in Hyundai ...
Chinese Carmakers Doubled Europe Market Share
BYD, Geely and Chery were the Chinese carmakers with the biggest sales gains in Europe during 2025 thanks to low prices and attractive EV models.
xAI Co-Founders Tony Wu, Jimmy Ba Join Exodus
Half of xAI's 12 co-founders, which includes Elon Musk, have departed amid tensions following the merger with SpaceX and Musk's push to catch up with ...
Barbie-Maker Sees Cautious Consumers, Lowers Profit Forecast
Mattel missed Q4 estimates and lowered full-year profit forecast below Wall Street projections, aims to build entertainment portfolio after Barbie Movie success.
China Tightens Oversight to Create 'Slow Bull' Market
Anxious to avoid boom-bust cycles that produced the Great Recession of 2008 in the US, Beijing signals its intention to implement enforcement and cooling measures ...
Marriott Co-Branded Card Sees 35% Jump, Insatiable Demand for Luxury Travel
In yet another sign the the US economy has become K-shaped, the hospitality industry is reporting a surge of affluent travelers seeking luxury accommodations even ...
December Retail Sales Unexpectedly Flat on Decline in Big-Ticket Items
Autos, furniture and consumer electronics sales dipped in December, suggesting consumer fatigue amid rising goods and services costs.
Ferrari Shares Surge on New Models, May EV Debut
The Milan-based sportscar maker will launch 5 new models this year, including the Luce EV to encouraging early customer interest.
Korean Entertainment AI Startup to Expand to US Market, Plans 2028 IPO
Wrtn goes beyond AI chatbots to provide real-time AI generation of novels, images and audio in real time to put the user into the action ...
Amazon to Launch Platform for Publishers to Sell Content for AI Use
The marketplace would leverage Amazon's relationships with publishers to allow AI firms to buy the right to use their content.
Waymo Goes Fully Autonomous in Nashville
As the robotaxi race heats up, Google-backed Waymo appears to be keeping the lead at least in the US with its partnership with Lyft in ...
Japan Business Bankruptcies Rise on Labor Shortage, High Wages
Labor scarcity resulting from restrictive immigration policies has created a dire labor shortage in Japan that has caused a 5.6% rise in January bankruptcies over ...
BYD Sues US for Tariff Refund
The first such suit by a Chinese carmaker challenges Trump's invocation of sweeping tariff powers without congressional approval.
ChatGPT Growing Faster Than 10% Per Month
OpenAI CEO Sam Altman made the announcement to employees as the company is readying "an updated Chat model" this week.
Musks's xAI Nears Deal to Fund $3.4 Billion for Nvidia Chips
Apollo Global Management will buy the chips, then lease them to xAI which was acquired by Musk's SpaceX last week.
US Enters Competition with China for African Minerals
Offering capital in exchange for a share of mine production in offtake deals, the US seeks to challenge China's deep and long-standing hands-on involvement in ...
China's Anta Seeks to Challenge Nike, Adidas After Puma Deal
China's leading sportswear company has set its sights on more acquisitions to build a top global sportswear power.
Taiwan Rejects Shifting 40% of Chip Capacity to US
Vice Premier Cheng Li-chiun told US Commerce Secretary Howard Lutnick that Taiwan's chip sector is firmly rooted in its home country and will continue expanding ...
Asia Markets Jump As Nikkei Hits Record on Takaichi Win
Japan's Nikkei stock exchange jumped 4.2% as Sanae Takaichi's decisive win signals more business-friendly policies.
Korean Crypto Exchange Accidentally Gave Away $44 Billion Worth of Bitcoin
S. Korea's number 2 crypto exchange recovered about 99.7% of the 620,000 bitcoin it gave away by quickly restricting trading and withdrawals for the 695 ...
Tesla Begins Hiring for Musk Bid to Top Solar Energy Sector
Elon Musks aims to set up US facilities to produce 100 gigawatts of solar panels by end of 2028.
Amazon Tumbles on Projection of 50% Boost in AI Buildout Cost
Amazon shares fell 11.5% in after-hours trading after it reported 24% growth of AWS to $35.6 billion revenues in the December quarter.
Hims & Hers $49 Pills Jolt Weight-Loss World, Investors
Weight-loss drugs from Novo Nordisk and Eli Lilly have been dramatically undercut by the new pill even as the compounder faces threats of legal action ...
Intel, AMD Notify China Customers of Long Delays for CPUs
Major China-based customers comprising over 20% of Intel revenues face rationing by Intel of 4th- and 5th-generation Xeon CPUs, with delays of up to six ...
Aviation Still Struggling with Supply Chain Chaos from Pandemic, Surging Demand
Supply delays and bottlenecks have become the new normal as manufacturers of aircraft and engines struggle to keep up with rising global air travel demand.
Yuan Held Longest Winning Streak Against Dollar in 13 Years
Strong Chinese exports caused the yuan to rise 0.2% against the dollar this week for the 11th straight week of appreciation—longest since early 2013.
Vietnam's Trade Surplus with US Hit New High in January
Much of the $13.9 billion exported from Vietnam comprised components imported from China, adding to trade tensions with the US.
Rooftop Solar Installers Cut Jobs, Turn to TPO, As Tax Credits End
The end of federal tax credit under Trump's overhaul is causing a sharp contraction in solar installations and an increase in 3rd-party ownership plans.
Chinese Battery-Swap EV-Maker Nio Turns First Profit
Q4 deliveries jumped 72% on year, producing an operating profit estimated at $100 - 173 million.
Google Takes Over AI Lead from OpenAI with Gemini 3
Despite its surge up the ranks of AI giants Google shares fell on its plans to invest up to $185 billion this year on its ...
OpenAI Offers AI Agents for Business Solutions
In a challenge to fast-rising rival Anthropic, OpenAI is launching Frontier to build and manage so-called artificial-intelligence agents, or AI tools.
Ralph Lauren Tops Profit Estimates but Warns on Margin
The cost of shifting supply chains away from high-tariff countries like China, India and Vietnam will lower margins for the US luxury retailer.
US Weekly Jobless Claims Rose More Than Expected
New unemployment benefits applications rose to 231,000 for the week ending December 31, 2025.
$1 Trillion Erased from Software Stocks on AI Fears
This week saw a nearly 5% drop in the valuation of software and services sector stocks triggered by a plug-in for Anthropic's Claude AI agent ...
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.
Taiwan's 2026 Growth Forecast Doubles on AI Boom
Taiwan's GDP is expected to rise to 7.71%, over twice the 3.54% projected in November, due to the island nation's central role in fabricating AI ...
Start of Year Price Increases Kept Inflation Rising in January
The consumer price index is estimated to have rises about 0.3%, considerably higher than the target 0.2%, keeping another Fed rate hike off the table.
GE Jet Engine Repair Hub Turns to Robots, AI to Boost Volume
GE Aerospace's Singapore repair hub tackles the surging volume of engine repairs by training robots to handle some of the most demanding processes.
Rivian Prospects Rise on Sales of Affordable R2 Model
A 53% jump is forecast for 2026 on optimistic prospects for the $45,000 R2 small SUV.
Americans Pay Virtually All of Trump Tariffs Says New York Fed
The finding that Americans pay for 90% of all tariffs refute the President's assertion that they're borne by foreign companies.
Hermes Sales Growth Strong As China Economy Regains Footing
Hermes US sales jumped 12.1% while China rose 8.4% in 2025, suggesting the contagion from the property market meltdown has been contained.
Samsung Ships HBM4 in Push to Catch AI Memory Leader SK Hynix
The global memory chip leader had fallen behind domestic rival SK Hynix in producing high-bandwidth memory for AI data centers.
Middle Powers Network to Build Investible Alternative to US
Trump tariffs and erratic policies motivate European and Asian nations to form economic alliances that make the US less central to global finance.
ByteDance's AI Video Generator Creates Another DeepSeek Moment
The Seedance 2.0 AI model impresses Silicon Valley as more powerful evidence that China has become a true rival to the US in creating advanced ...
Softbank Posts 4th Straight Quarterly Profits on OpenAI Gains
Masayoshi Son's Japanese tech-investment group took on more debt to increase its $30 billion bet on the US AI pioneer.
Apple Defies China 23% January Smartphone Sales Plunge
While domestic rival Xiaomi Freefell 36%, the iPhone 17 series gave Apple upward momentum.
Weekly Jobless Claims Stay Elevated, Suggesting Job Growth Remains Weak
New claims for jobless benefits totaled 227,000 last week, dashing hopes that job growth was accelerating based on January figures.
2025 Job Creation Plunged to One-Eighth of 2024
The US added only 181,000 jobs in 2025, about an eighth of the 1.46 million jobs created in 2024, according to revised Labor Department stats.
Hyundai Shares Surge As Robotics Push Takes Shape
The deployment of Boston Dynamics robot dogs at a UK nuclear power plant and the resignation of its CEO spurred a 6% jump in Hyundai ...
Chinese Carmakers Doubled Europe Market Share
BYD, Geely and Chery were the Chinese carmakers with the biggest sales gains in Europe during 2025 thanks to low prices and attractive EV models.
xAI Co-Founders Tony Wu, Jimmy Ba Join Exodus
Half of xAI's 12 co-founders, which includes Elon Musk, have departed amid tensions following the merger with SpaceX and Musk's push to catch up with ...
Barbie-Maker Sees Cautious Consumers, Lowers Profit Forecast
Mattel missed Q4 estimates and lowered full-year profit forecast below Wall Street projections, aims to build entertainment portfolio after Barbie Movie success.
China Tightens Oversight to Create 'Slow Bull' Market
Anxious to avoid boom-bust cycles that produced the Great Recession of 2008 in the US, Beijing signals its intention to implement enforcement and cooling measures ...
Marriott Co-Branded Card Sees 35% Jump, Insatiable Demand for Luxury Travel
In yet another sign the the US economy has become K-shaped, the hospitality industry is reporting a surge of affluent travelers seeking luxury accommodations even ...
December Retail Sales Unexpectedly Flat on Decline in Big-Ticket Items
Autos, furniture and consumer electronics sales dipped in December, suggesting consumer fatigue amid rising goods and services costs.
Ferrari Shares Surge on New Models, May EV Debut
The Milan-based sportscar maker will launch 5 new models this year, including the Luce EV to encouraging early customer interest.
Korean Entertainment AI Startup to Expand to US Market, Plans 2028 IPO
Wrtn goes beyond AI chatbots to provide real-time AI generation of novels, images and audio in real time to put the user into the action ...
Amazon to Launch Platform for Publishers to Sell Content for AI Use
The marketplace would leverage Amazon's relationships with publishers to allow AI firms to buy the right to use their content.
Waymo Goes Fully Autonomous in Nashville
As the robotaxi race heats up, Google-backed Waymo appears to be keeping the lead at least in the US with its partnership with Lyft in ...
Japan Business Bankruptcies Rise on Labor Shortage, High Wages
Labor scarcity resulting from restrictive immigration policies has created a dire labor shortage in Japan that has caused a 5.6% rise in January bankruptcies over ...
BYD Sues US for Tariff Refund
The first such suit by a Chinese carmaker challenges Trump's invocation of sweeping tariff powers without congressional approval.
ChatGPT Growing Faster Than 10% Per Month
OpenAI CEO Sam Altman made the announcement to employees as the company is readying "an updated Chat model" this week.
Musks's xAI Nears Deal to Fund $3.4 Billion for Nvidia Chips
Apollo Global Management will buy the chips, then lease them to xAI which was acquired by Musk's SpaceX last week.
US Enters Competition with China for African Minerals
Offering capital in exchange for a share of mine production in offtake deals, the US seeks to challenge China's deep and long-standing hands-on involvement in ...
China's Anta Seeks to Challenge Nike, Adidas After Puma Deal
China's leading sportswear company has set its sights on more acquisitions to build a top global sportswear power.
Taiwan Rejects Shifting 40% of Chip Capacity to US
Vice Premier Cheng Li-chiun told US Commerce Secretary Howard Lutnick that Taiwan's chip sector is firmly rooted in its home country and will continue expanding ...
Asia Markets Jump As Nikkei Hits Record on Takaichi Win
Japan's Nikkei stock exchange jumped 4.2% as Sanae Takaichi's decisive win signals more business-friendly policies.
Korean Crypto Exchange Accidentally Gave Away $44 Billion Worth of Bitcoin
S. Korea's number 2 crypto exchange recovered about 99.7% of the 620,000 bitcoin it gave away by quickly restricting trading and withdrawals for the 695 ...
Tesla Begins Hiring for Musk Bid to Top Solar Energy Sector
Elon Musks aims to set up US facilities to produce 100 gigawatts of solar panels by end of 2028.
Amazon Tumbles on Projection of 50% Boost in AI Buildout Cost
Amazon shares fell 11.5% in after-hours trading after it reported 24% growth of AWS to $35.6 billion revenues in the December quarter.
Hims & Hers $49 Pills Jolt Weight-Loss World, Investors
Weight-loss drugs from Novo Nordisk and Eli Lilly have been dramatically undercut by the new pill even as the compounder faces threats of legal action ...
Intel, AMD Notify China Customers of Long Delays for CPUs
Major China-based customers comprising over 20% of Intel revenues face rationing by Intel of 4th- and 5th-generation Xeon CPUs, with delays of up to six ...
Aviation Still Struggling with Supply Chain Chaos from Pandemic, Surging Demand
Supply delays and bottlenecks have become the new normal as manufacturers of aircraft and engines struggle to keep up with rising global air travel demand.
Yuan Held Longest Winning Streak Against Dollar in 13 Years
Strong Chinese exports caused the yuan to rise 0.2% against the dollar this week for the 11th straight week of appreciation—longest since early 2013.
Vietnam's Trade Surplus with US Hit New High in January
Much of the $13.9 billion exported from Vietnam comprised components imported from China, adding to trade tensions with the US.
Rooftop Solar Installers Cut Jobs, Turn to TPO, As Tax Credits End
The end of federal tax credit under Trump's overhaul is causing a sharp contraction in solar installations and an increase in 3rd-party ownership plans.
Chinese Battery-Swap EV-Maker Nio Turns First Profit
Q4 deliveries jumped 72% on year, producing an operating profit estimated at $100 - 173 million.
Google Takes Over AI Lead from OpenAI with Gemini 3
Despite its surge up the ranks of AI giants Google shares fell on its plans to invest up to $185 billion this year on its ...
OpenAI Offers AI Agents for Business Solutions
In a challenge to fast-rising rival Anthropic, OpenAI is launching Frontier to build and manage so-called artificial-intelligence agents, or AI tools.
Ralph Lauren Tops Profit Estimates but Warns on Margin
The cost of shifting supply chains away from high-tariff countries like China, India and Vietnam will lower margins for the US luxury retailer.
US Weekly Jobless Claims Rose More Than Expected
New unemployment benefits applications rose to 231,000 for the week ending December 31, 2025.
$1 Trillion Erased from Software Stocks on AI Fears
This week saw a nearly 5% drop in the valuation of software and services sector stocks triggered by a plug-in for Anthropic's Claude AI agent ...
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