$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 ...
Business
Qualcomm, ARM to Suffer Sustained Slump on Memory Shortage for Cell Phones
The leading firms behind processors that power mobile devices feel the pinch from reduced phone shipments due to the global memory chip shortage.
TSMC to Invest $17 Billion to Produce 3-nm Chips in Southern Japan
The new Kyushu fab will be its 2nd Japan plant and is similar to the cutting-edge fab scheduled to begin operations in Arizona in 2027.
Claude Cowork AI Agent Deepens Software Sector Selloff
Anthropic's AI tool is marketed as a way to automate tasks across legal, sales, marketing and data analysis, putting the market for virtually all software ...
Musk Bets Farm on Data Centers-in-the-Sky Dream with SpaceX-xAI Merger
The idea that the sun can provide abundant energy will slam up against mankind's willingness to turn earth orbit into an industrial wasteland.
Tesla's UK EV Sales Half of BYD, Quarter of Ford
A 57% sales plunge in January puts into doubt Tesla's future competitiveness against surging Chinese EVs.
Ford, Geely in Talks for Tieup to Share Plants, Technology
China's number two EV-maker and the US's number 2 carmaker have been discussing various tieups over the past several months.
Chinese Solar Shares Jump on Musk Talk of 100 GW Solar Capacity
Elon Musk sent Tesla staff to visit various leading Chinese solar panel suppliers after declaring his intention to produce solar cells at massive scale for ...
Nvidia H200 Chip Sales to China Held Up by US State Department
Two months after Nvidia won White House approval to export H200 GPUs and a week after China licensed purchases by leading Chinese firms, the US ...
China Services, Jobs Grew in January
S&P's China General Services PMI edged up to 52.3 while its Composite Output Index rose to 51.6, with the first jobs growth since July 2025.
Intel to Make AI GPUs Says CEO Lip-Bu Tan
The plan to enter a segment created by Nvidia reflects both Intel's state-of-the-art chip fabrication foundry and Nvidia's struggle to meet overwhelming demand for the ...
Waymo Valued at $126 As Robotaxis Gain Traction
The Alphabet unit's valuation trebled in less than two years as its AI-powered autonomous driving system set the pace for a fast-emerging industry around the ...
Singapore to Launch Space Agency Amid Success of Aerospace Sector
The announcement comes after a banner year for Singapore's economy and record global investments in space launches.
Crypto Legislation Stalemate Unresolved by White House Meeting
The conflict between an emerging crypto sector and the entrenched banking sector revolves around whether crypto assets should be allowed to offer interest and other ...
Walmart Hits $1 Trillion Valuation As It Integrates AI into Operations
America's top retailer by sales is becoming recognized for its lead in using AI to streamline and speed up operations from supply chains to deliveries ...
Lays, Doritos Price Cuts, Smaller Portions in PepsiCo Response to Backlash
The move comes after earlier price hikes had caused a marked drop in snack sales to an increasingly cost-conscious consumers.
Nintendo Profits Rise Despite Surge in Memory Chip Prices
Strong sales of the new Switch 2 console at a premium price of $500 gave the world's leading gaming device maker a 23% profits jump.
Gold, Silver Surge Again As Investors Rush Back Into Metals
Precious metal prices had been oversold to attractive levels for investors who see the dollar weakening into the foreseeable future.
Top Consultancies Undertake Risky Missions in China
Geopolitical tensions have slowed revenue growth for US consultancies like KPMG, PwC, Deloitte and EY, forcing them to undertake increasingly risky missions to work around ...
Japan Food Exports Hit Record on Demand from US, China
Japanese food producers overcame both US tariffs and a diplomatic row with China to export $10.9 billion worth of food in 2025.
SpaceX Acquires xAI in Deal Valuing Combo at $1.25 Trillion
On Monday Elon Musks' SpaceX bought xAI in a stock-swap deal that values SpaceX at $1 trillion and xAI at $250 billion.
India Tariffs Cut to 18%, Pledges to Stop Buying Russian Oil
Tariffs on imports from India have been reduced from 50% to 18% in exchange for India lowering trade barriers and agreeing to buy US oil ...
Tesla's Europe Slump Continues Apace in January
January sales fell 88% in Norway and 42% in France after sales on the continent fell 27% in 2025.
Polestar Secures $1 Billion Lifeline from Sumitomo, Geely
The Swedish EV-maker secured a $400 million equity investment from an entity of Sumitomo and Standard Chartered, along with a $600 million loan agreement from ...
Commodities Slide, Stock Drop Tied to Notion Warsh Won't Push Irrational Easing
Trump's pick of Kevin Warsh as Fed Chair dashed hopes for steep interest rate cuts, strengthening dollar and weakening safe-haven commodities gold and silver.
Canada Manufacturing Outlook Rises for First Time in a Year
Expectations of economic growth in 2026 drove up PMI to 50.4 in January despite continuing US tariff costs and uncertainties.
Disney Parks Suffer As Foreign Visitors Shun US
A 6% drop in foreign visitors to the US under Trump policies has caused a sharp drop in visitors for the Disney unit that provides ...
Hanwha to Provide Rocket Artillery to Norway Under $2 Billion Contract
S. Korea's Hanwha Aerospace will provide rocket artillery systems, establish operational bases and train personnel to operate them.
Japan Factory PMI Hits 3-1/2-Year High on Strong Global Demand
Demand for Japanese goods from the US, Taiwan and other markets in January grew for the first time since February 2022.
S. Korea Factory Activity at 1-1/2-Year High on Export Surge
Export demand hit a 5-year high in January, pushing PMI to 51.2, up from 50.1 in December.
BYD Sales Fall for 5th Month As Chinese EV Competition Heats Up
The world's leading EV-maker is facing headwinds in the form of cuts in government subsidies and intensifying competition from Chinese rivals like Xiaomi, Geely and ...
Ford, Xiaomi Deny Report of US EV Joint Venture
China's overwhelming cost-advantage in building state-of-the-art EVs stifles talk about the inevitability of Chinese EVs entering the US market.
Jensen Huang Affirms Huge Nvidia Investment Planned for OpenAI
The statement by Huang comes in the wake of a Wall Street Journal piece alleging that Nvidia is pulling back from its planned $100 billion ...
SpaceX Reports $8 Billion Profits for 2025
The profits were driven primarily by the Starlink satellite-based internet service.
65,000 Added to H-2B Visa Quota for Guest Workers
In a significant retreat from a race-based anti-immigration crusade, the expansion recognizes that it has created a severe shortage of workers hurting the construction and ...
Google's Project Genie Slams Shares of Video-Game Developers
The Genie AI model allows users to create virtual worlds in real time with text prompts and image uploads, undermining the value of video game ...
Verizon Customer Growth Accelerated in Q4 on Yearend Promotion
The nation's top wireless carrier added 616,000 paying subscribers in Q4, beating forecasts of 417,250.
Arvind Srinivas's Perplexity Inks $750 Million Deal for Microsoft Cloud
The Indian American's AI startup has seen skyrocketing growth in the use of its "answer engine".
Taiwan Growth Fastest in 15 Years on AI Chip Demand
TSMC's homeland grew 8.63% for all of 2025 and a staggering 12.68% during Q4.
Sandisk Stock Leapt 160% in January on Insatiable Memory Demand
The data storage maker's fiscal Q4 revenues and profits greatly exceeded the most optimistic forecasts on AI memory demand unlikely to be met until at ...
AI Innovator DeepSeek Added to China's List for Nvidia H200 Chips
DeepSeek, the startup that startled the tech world with its super-efficient AI model, will join ByteDance, Alibaba and Tencent in buying about 400,000 Nvidia H200 ...
Surge in December US Producer Prices Augurs Higher Inflation
A somewhat startling 0.5% PPI surge for final demand suggests tariff costs are now starting to be passed through to consumers.
SpaceX-Tesla-xAI Merger May Create Musk Conglomerate
Synergies are seen in a merger that would bring together Elon Musk's various ventures.
Copper Jumps Like the New Silver As Speculators Pile On
Copper prices spiked to a record over $14,000 per metric ton Thursday as its strong demand growth and a weak dollar pulls investors seeking a ...
Software Stocks Hit by Fears of AI Preemption
AI startups may usurp market share held by traditional software players like SAP, Adobe and Intuit, fret investors.
Samsung, SK Hynix See Worsening Chip Shortages for Phones, PCs
The insatiable memory chip demand for AI data centers disrupts the supply chain for PC and mobile phone production with scarcity and higher prices.
Idemitsu Launches Electrolytes Plant for Solid-State Batteries for Toyota EVs
Japan's no. 2 oil refiner will produce electrolytes for next-generation solid-state batteries to power Toyota EVs slated to debut 2027-28.
Remy Sales Growth Beat Forecasts for Q3
The cognac maker saw solid sales growth in the US and China, its biggest markets, after a two-year-slump.
Dutch Miner Seeks to Bypass China for Lithium Processing
AMG Critical Materials has embarked on the years-long ramp-up to process battery-grade lithium in Brazil, Portugal and Germany as Europe seeks to cut reliance on ...
US November Trade Deficit Highest on Record Despite Tariffs
The gap between overall exports and imports for the month nearly doubled to $56.8 billion while the goods-only deficit soared 47.3% to $86.9 billion despite ...
$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 ...
Qualcomm, ARM to Suffer Sustained Slump on Memory Shortage for Cell Phones
The leading firms behind processors that power mobile devices feel the pinch from reduced phone shipments due to the global memory chip shortage.
TSMC to Invest $17 Billion to Produce 3-nm Chips in Southern Japan
The new Kyushu fab will be its 2nd Japan plant and is similar to the cutting-edge fab scheduled to begin operations in Arizona in 2027.
Claude Cowork AI Agent Deepens Software Sector Selloff
Anthropic's AI tool is marketed as a way to automate tasks across legal, sales, marketing and data analysis, putting the market for virtually all software ...
Musk Bets Farm on Data Centers-in-the-Sky Dream with SpaceX-xAI Merger
The idea that the sun can provide abundant energy will slam up against mankind's willingness to turn earth orbit into an industrial wasteland.
Tesla's UK EV Sales Half of BYD, Quarter of Ford
A 57% sales plunge in January puts into doubt Tesla's future competitiveness against surging Chinese EVs.
Ford, Geely in Talks for Tieup to Share Plants, Technology
China's number two EV-maker and the US's number 2 carmaker have been discussing various tieups over the past several months.
Chinese Solar Shares Jump on Musk Talk of 100 GW Solar Capacity
Elon Musk sent Tesla staff to visit various leading Chinese solar panel suppliers after declaring his intention to produce solar cells at massive scale for ...
Nvidia H200 Chip Sales to China Held Up by US State Department
Two months after Nvidia won White House approval to export H200 GPUs and a week after China licensed purchases by leading Chinese firms, the US ...
China Services, Jobs Grew in January
S&P's China General Services PMI edged up to 52.3 while its Composite Output Index rose to 51.6, with the first jobs growth since July 2025.
Intel to Make AI GPUs Says CEO Lip-Bu Tan
The plan to enter a segment created by Nvidia reflects both Intel's state-of-the-art chip fabrication foundry and Nvidia's struggle to meet overwhelming demand for the ...
Waymo Valued at $126 As Robotaxis Gain Traction
The Alphabet unit's valuation trebled in less than two years as its AI-powered autonomous driving system set the pace for a fast-emerging industry around the ...
Singapore to Launch Space Agency Amid Success of Aerospace Sector
The announcement comes after a banner year for Singapore's economy and record global investments in space launches.
Crypto Legislation Stalemate Unresolved by White House Meeting
The conflict between an emerging crypto sector and the entrenched banking sector revolves around whether crypto assets should be allowed to offer interest and other ...
Walmart Hits $1 Trillion Valuation As It Integrates AI into Operations
America's top retailer by sales is becoming recognized for its lead in using AI to streamline and speed up operations from supply chains to deliveries ...
Lays, Doritos Price Cuts, Smaller Portions in PepsiCo Response to Backlash
The move comes after earlier price hikes had caused a marked drop in snack sales to an increasingly cost-conscious consumers.
Nintendo Profits Rise Despite Surge in Memory Chip Prices
Strong sales of the new Switch 2 console at a premium price of $500 gave the world's leading gaming device maker a 23% profits jump.
Gold, Silver Surge Again As Investors Rush Back Into Metals
Precious metal prices had been oversold to attractive levels for investors who see the dollar weakening into the foreseeable future.
Top Consultancies Undertake Risky Missions in China
Geopolitical tensions have slowed revenue growth for US consultancies like KPMG, PwC, Deloitte and EY, forcing them to undertake increasingly risky missions to work around ...
Japan Food Exports Hit Record on Demand from US, China
Japanese food producers overcame both US tariffs and a diplomatic row with China to export $10.9 billion worth of food in 2025.
SpaceX Acquires xAI in Deal Valuing Combo at $1.25 Trillion
On Monday Elon Musks' SpaceX bought xAI in a stock-swap deal that values SpaceX at $1 trillion and xAI at $250 billion.
India Tariffs Cut to 18%, Pledges to Stop Buying Russian Oil
Tariffs on imports from India have been reduced from 50% to 18% in exchange for India lowering trade barriers and agreeing to buy US oil ...
Tesla's Europe Slump Continues Apace in January
January sales fell 88% in Norway and 42% in France after sales on the continent fell 27% in 2025.
Polestar Secures $1 Billion Lifeline from Sumitomo, Geely
The Swedish EV-maker secured a $400 million equity investment from an entity of Sumitomo and Standard Chartered, along with a $600 million loan agreement from ...
Commodities Slide, Stock Drop Tied to Notion Warsh Won't Push Irrational Easing
Trump's pick of Kevin Warsh as Fed Chair dashed hopes for steep interest rate cuts, strengthening dollar and weakening safe-haven commodities gold and silver.
Canada Manufacturing Outlook Rises for First Time in a Year
Expectations of economic growth in 2026 drove up PMI to 50.4 in January despite continuing US tariff costs and uncertainties.
Disney Parks Suffer As Foreign Visitors Shun US
A 6% drop in foreign visitors to the US under Trump policies has caused a sharp drop in visitors for the Disney unit that provides ...
Hanwha to Provide Rocket Artillery to Norway Under $2 Billion Contract
S. Korea's Hanwha Aerospace will provide rocket artillery systems, establish operational bases and train personnel to operate them.
Japan Factory PMI Hits 3-1/2-Year High on Strong Global Demand
Demand for Japanese goods from the US, Taiwan and other markets in January grew for the first time since February 2022.
S. Korea Factory Activity at 1-1/2-Year High on Export Surge
Export demand hit a 5-year high in January, pushing PMI to 51.2, up from 50.1 in December.
BYD Sales Fall for 5th Month As Chinese EV Competition Heats Up
The world's leading EV-maker is facing headwinds in the form of cuts in government subsidies and intensifying competition from Chinese rivals like Xiaomi, Geely and ...
Ford, Xiaomi Deny Report of US EV Joint Venture
China's overwhelming cost-advantage in building state-of-the-art EVs stifles talk about the inevitability of Chinese EVs entering the US market.
Jensen Huang Affirms Huge Nvidia Investment Planned for OpenAI
The statement by Huang comes in the wake of a Wall Street Journal piece alleging that Nvidia is pulling back from its planned $100 billion ...
SpaceX Reports $8 Billion Profits for 2025
The profits were driven primarily by the Starlink satellite-based internet service.
65,000 Added to H-2B Visa Quota for Guest Workers
In a significant retreat from a race-based anti-immigration crusade, the expansion recognizes that it has created a severe shortage of workers hurting the construction and ...
Google's Project Genie Slams Shares of Video-Game Developers
The Genie AI model allows users to create virtual worlds in real time with text prompts and image uploads, undermining the value of video game ...
Verizon Customer Growth Accelerated in Q4 on Yearend Promotion
The nation's top wireless carrier added 616,000 paying subscribers in Q4, beating forecasts of 417,250.
Arvind Srinivas's Perplexity Inks $750 Million Deal for Microsoft Cloud
The Indian American's AI startup has seen skyrocketing growth in the use of its "answer engine".
Taiwan Growth Fastest in 15 Years on AI Chip Demand
TSMC's homeland grew 8.63% for all of 2025 and a staggering 12.68% during Q4.
Sandisk Stock Leapt 160% in January on Insatiable Memory Demand
The data storage maker's fiscal Q4 revenues and profits greatly exceeded the most optimistic forecasts on AI memory demand unlikely to be met until at ...
AI Innovator DeepSeek Added to China's List for Nvidia H200 Chips
DeepSeek, the startup that startled the tech world with its super-efficient AI model, will join ByteDance, Alibaba and Tencent in buying about 400,000 Nvidia H200 ...
Surge in December US Producer Prices Augurs Higher Inflation
A somewhat startling 0.5% PPI surge for final demand suggests tariff costs are now starting to be passed through to consumers.
SpaceX-Tesla-xAI Merger May Create Musk Conglomerate
Synergies are seen in a merger that would bring together Elon Musk's various ventures.
Copper Jumps Like the New Silver As Speculators Pile On
Copper prices spiked to a record over $14,000 per metric ton Thursday as its strong demand growth and a weak dollar pulls investors seeking a ...
Software Stocks Hit by Fears of AI Preemption
AI startups may usurp market share held by traditional software players like SAP, Adobe and Intuit, fret investors.
Samsung, SK Hynix See Worsening Chip Shortages for Phones, PCs
The insatiable memory chip demand for AI data centers disrupts the supply chain for PC and mobile phone production with scarcity and higher prices.
Idemitsu Launches Electrolytes Plant for Solid-State Batteries for Toyota EVs
Japan's no. 2 oil refiner will produce electrolytes for next-generation solid-state batteries to power Toyota EVs slated to debut 2027-28.
Remy Sales Growth Beat Forecasts for Q3
The cognac maker saw solid sales growth in the US and China, its biggest markets, after a two-year-slump.
Dutch Miner Seeks to Bypass China for Lithium Processing
AMG Critical Materials has embarked on the years-long ramp-up to process battery-grade lithium in Brazil, Portugal and Germany as Europe seeks to cut reliance on ...
US November Trade Deficit Highest on Record Despite Tariffs
The gap between overall exports and imports for the month nearly doubled to $56.8 billion while the goods-only deficit soared 47.3% to $86.9 billion despite ...
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