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Business

Masayoshi Son's All-In Bet on OpenAI Pays Off Big

SoftBank reported a doubling of quarterly profits to $16.6 billion ...

Ikea Enjoys Rising Profits on Growth of Budget-Conscious Shoppers

The Swedish furniture maker has tried to absorb some of ...

Meta AI Chief LeCun Exits After Being Passed Over for ...

Mark Zuckerberg is remaking Meta's AI regime in an aggressive ...

Porsche-Volkswagen Struggles with EV Rollout, China Competition

Porsche SE, owner of a controlling interest in Volkswagen, sees ...

Lisa Su Expects AMD Chip Sales to Hit $1 Trillion

CEO Lisa Su estimates that AMD's combined chip sales will ...

Japan Manufacturer Sentiment Highest in 4 Years

Manufacturers' sentiment index rose to plus 17, up from plus ...

Sony Lifts Profit Forecast on Lower Tariffs, Strong Chips

Lower tariffs and strong performance of its chips and entertainment ...

Wall Street Rises on Reopening Deal

House passage of a bill to fund the government until ...

Healthcare Shares Fall on Shutdown Deal

A deal to end the government shutdown without extending Affordable ...

Honda's Biggest Challenge Comes from Chinese EV Makers

Honda's onetime stronghold of Southeast Asia is now being challenged ...

Legal AI Firm Clio Hits $5 Billion Valuation

The latest funding round led by New Enterprise Associates values ...

Tsavorite Secures $100 Million in Pre-Orders

Tsavorite Scalable Intelligence OPU chips used by data centers to ...

OpenAI Weighs Separate AI Healthcare Assistants

Recent high-level hires with healthcare backgrounds appears likely to lead ...

Tesla's China Sales Plunged 60% from September

October sales fell 35.8% from last year and 60% from ...

China Prices Rise on Curbs on Over-Production, Hyper-Competition

Deflationary pressures eased markedly in October as China's consumer prices ...

Carmakers Relieved by China's Exemptions for Nexperia Chip Shipments

The relatively simple but absolutely essential chips for carmakers have ...

Major Retailers Promise Cheaper Thanksgiving with a Catch

Retailers seek to achieve more appealing price points for Thanksgiving ...

China's Easing of Rare-Earth Restrictions Less than Hoped

The trade deal struck at the APEC summit hasn't made ...

NASDAQ Had Worst Week Since April

AI bubble fears were compounded by Jensen Huang's comment about ...

Demand for Nvidia's Blackwell Chips Strains Capacity

Despite being locked out of the China market for Nvidia's ...

Consumer Sentiment Sinks Deeper Than Expected

The dawning realization that Trump is determined to continue his ...

Musk's Epic Pay Package Elicits Analyst Chuckles

The package is seen as a common-sense way to incentivize ...

China Resumes US Soybean Licenses, Log Imports

US-China trade begins a muted return toward a new normal ...

Canada's Fall Job Growth Surprises

A surge of jobs in September and October offset most ...

Ralph Lauren Raises Yearly Forecast on Sales Surge

The quintessential American designer label is reporting biggest sales jump ...

Musk Wins Vote on $878 Billion Pay Package

Fearing Elon's Musk's departure could tank Tesla's skyhigh share prices, ...

October Layoffs Hit 20-Year High

Most of the 175% surge in layoffs were due to ...

US Holiday Sales to Set New Trillion-Plus Record

The National Retail Federation is projecting a 4.3% rise over ...

Microsoft's Superintelligence Team to Target Medical Diagnosis

The costly new AI team will begin with an application ...

McDonald's Beats Sales Forecasts with Value Meals

The world's top burger chain posted sales growth in an ...

China Will Win AI Race Says Jensen Huang

Having Nvidia chips locked out of the China market will ...

China Export Growth Slows After Pre-Tariff Front-Loading

October export growth slowed to around 3% after an 8.3% ...

China Bans Foreign Chips from State-Funded Data Centers

In a bid to create a self-sufficient domestic AI supply ...

Tesla Europe Sales in Free-Fall Amid Broad EV Surge

October Tesla sales in Germany fell by over half while ...

Tesla Board Backs Record Pay Package to Handcuff Musk

Ahead of a Thursday shareholder vote the EV-maker pushes a ...

World Economic Forum Warns of 3 Bubbles

The international body sees possible bubbles in AI, crypto and ...

BMW, BYD Competition Heats up with Plants in Hungary

European auto brands consider the challenges posed by the rise ...

Honda Bets on Lighter Hybrid Platform

The new platform will accommodate both hybrid and ICE driven ...

Jobs Scarce Despite Rising Service Sector Activity

October saw solid growth in the service sector which accounts ...

Apple to Beef Up Siri with Google's AI Model

The arrangement would cost Apple $1 billion per year until ...

India Becomes Production Hub for Japanese Carmakers

Pressured by Trump tariffs Toyota, Honda and Suzuki shift new ...

Vietnam Exports to US Drop 3rd Straight Month

The 20% tariffs that went into effect in August have ...

Japan October Factory Output Slowest in 19 Months

Slumping demand for cars and chips caused October PMI to ...

Nintendo Boosts Forecast for Switch 2 Sales

The Kyoto-based gamemaker boosted its fiscal year sales forecast for ...

Toyota Profits Drop 2nd Consecutive Quarter

A 25% year-on-year profit drop for the world's top carmaker ...

WeRide Sets HK IPO to Raise $308 Million

The Chinese self-driving technology developer seeks capital to expand its ...

Samsung SDI to Supply Tesla Energy Storage Batteries

Tesla is diversifying supply chains from China while Samsung is ...

Samsung Hit by $191 Million OLED Patent Verdict

The electronics giant was found to have infringed two Pictiva ...

Tesla's October China Sales Plunge Trebles BYD's

EVs made in Tesla's Shanghai gigafactory suffered a 32.3% plunge ...

Analysts Discuss First Real Asia Market Selloff in 7 Months

The AI-driven rise in tech stocks went too far or ...