BUSINESS: GOLDSEA

Subscribe for Free Updates

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

July Trade Deficit Soared on Rush to Beat Tariffs

Uncertainty as to just how high Trump intended to raise ...

Jobless Claims Rise More Than Expected

Uncertainty created by Trump tariffs and deportation drive is blamed ...

OpenAI to Make Own AI Chips with Broadcom

OpenAI is only one of several AI leaders seeking to ...

Jury Finds Google Liable for Using Personal Data

A federal jury found Google liable for $425 million in ...

Novartis Signs $5.2 Billion Deal for Argo RNAi Heart Drugs

The Chinese biopharmaceutical firm develops therapeutics using RNA interference (RNAi) ...

Dollar Tree Gets Richer Shoppers but Squeezed by Tariffs

The discount retail chain sees growth among more affluent consumers ...

New Mexico to Develop Quantum Computing Center

As quantum computing developments accelerate New Mexico will invest $315 ...

AI Lets Drug Developers Reduce Animal Testing

AI applications speed up drug development as FDA seeks to ...

China Churns Out Generic Semiglutides

A crackdown on compounding pharmacies and expiration of patents in ...

Google Ordered to Share Search Data

Google dodged a bullet in not being ordered to divest ...

Tesla Enjoys Jump in China August Sales

Interest in the new Model Y L 3-row SUV and ...

US Holiday Spending Set for Steepest Drop Since Covid

A PwC poll of 4,000 US consumers reveals that holiday ...

Tesla's Europe Sales Collapse Continues

With the exception of Norway and Spain, Tesla's Europe sales ...

2nd August PMI Read for China Suggests Growth Amid Asia ...

An earlier official China PMI survey suggesting a 5th month ...

China Manufacturing Sentiment Negative for 5th Straight Month

A 49.4 purchasing manager's index (PMI) for August suggests Chinese ...

Rolls-Royce Enters Race to Build Small Modular Reactors

The UK pledged $3.4 billion to back Rolls-Royce's bid to ...

US Puts Up Barriers to Korean Chipmakers Manufacturing in China

US chipmaking equipment makers like KLA, Lam and Applied Materials ...

Trade Deficit Soared in July

Efforts to secure inventories ahead of Trump tariffs drove up ...

July Consumer Spending Rises Ahead of Tariff Impact

Consumer spending grew solidly as consumers sought to front-run impending ...

US Disrupts Consumer Orders by Ending De Minimis Exemption

Friday's end to the de minimis exemption that allowed duty-free ...

Alibaba Develops New AI Inference Chip

As China pushes to cut its dependence on Nvidia AI ...

N. Korea Economy Grows Fastest in 8 Years

Providing weapons and troops to the Russian war effort has ...

Darkening Outlook from Tariffs, Deportations Obscured by Q2 Data

A surge in AI Investments and a shrinking job market ...

China, Russia Seek to Revive Slumping Bilateral Trade

Despite the growing exploitation to which Russia must submit, China ...

Jensen Huang Pushes Back Against Slowing AI Growth Narrative

Nvidia's growth projections may have cooled but its revenues and ...

xAI Releases Agentic Coding Model

With the release of grok-code-fast-1 Elon Musks's AI venture enters ...

Dollar General Sales Surge in Sign of Times

The discount chain's value image helps it thrive in a ...

BYD Soars Past Tesla as Europe Car Sales Resume Growth

Newcomer BYD's share of the European auto market beat Tesla's ...

China Seeks to Triple AI Chip Capacity

In an urgent push to end reliance on GPUs from ...

How Do US Tariffs Impact India?

Doubling of the initially announced 25% tariffs could cost India ...

Starship Escapes Rut to Score Milestones

SpaceX's biggest launch vehicle succeeds in reaching orbit and deploying ...

Anthropic Settles Class Action on Behalf of Pirated Authors

Anthropic is thought to have downloaded upwards of seven million ...

Rare Earth Prices Soar As US Miner Cuts Ore Shipments ...

MP Materials has stopped shipments which accounted for around 7% ...

Sinopec to Build World's Largest Green Hydrogen Plant in Saudi ...

Saudi Arabia hired China's Sinopec to build the world's biggest ...

German Manufacturing Job Losses Accelerate

Intensifying auto competition from Asia combined with slumping exports to ...

Unnecessary $10 Bil. US Stake in Intel Could Hurt Sales

Trump's gratuitous decision to take a $10 billion stake in ...

Evolving Battery Technologies Compete for EV Future

It will likely take another three or four years for ...

US Consumers with Prime Credit Slipping on Payments

In another sign of growing economic stress caused by Trump ...

Gates-Backed TerraPower to Build $4-Bil. Nuclear Reactor

With funding from Nvidia and Bill Gates TerraPower hopes to ...

US Farm Exports to China Fell 53% in First Half

Trump's tariff war caused China to halve food imports from ...

US 10% Stake in Intel Mostly Symbolic

The $10 billion had already been promised to Intel under ...

Meta Signs Startup Midjourney As Image Generation Partner

The stunning aesthetics behind Midjourney's videos and images will help ...

China Steps in to Fill Formula E Vaccuum Left by ...

China will host four Formula E races as Trump Pulls ...

US Rare-Earth Ore Exports to China Surged in July

A big shipment of rare-earth ore mined by MP Materials ...

ADB Finances Pakistan Railroad Upgrade As China Money Stalls

A $60 billion Chinese-backed Pakistan rail project is forced to ...

Kunlunxin Scores Big Sale of Rival to Nvidia GPUs

China's push to develop alternatives to Nvidia's AI GPUs is ...

Tesla Bumps Cybertruck Price $15,000 on Weak Sales

The luxury version of Tesla's Cybertruck Cyberbeast is now priced ...

Apple in Talks to Use Google Gemini AI to Power ...

Following talks with Anthropic and OpenAI, Apple appears to have ...

DeepSeek Releases Upgraded AI Model Using Domestic Chips

As China struggles to break its dependence on US chipmakers ...

Sony Raises PlayStation 5 Prices on Tariffs

Playstation 5 consoles will be priced as high as $749.99 ...