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 ...
Business
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 ...
Meta's Surging Ad Revenues Fund Costly Superintelligence Quest
Meta expects to boost its capital expenditures for 2026 to $115 - $135 billion from $72.22 billion in 2025 as it invests in massive AI ...
Samsung Q4 Profits Treble on AI HBM Demand
Profits for Q1 2026 are expected to rise fivefold over 2025 on growing memory demand.
Tesla Renews Pledge to Debut Cybercab This Year
Elon Musk had Tesla invest $2 billion in his xAI as he migrates Tesla from making cars to developing AI self-driving software and robotics.
Luxury Brands Follow China's Middle Class to Second-Tier Cities
As increasing numbers of China's middle class migrate away from the biggest cities in search of lower living costs, luxury goods sales are migrating with ...
Fed Leaves Rates Unchanged Citing Elevated Inflation, Stabilizing Job Market
Despite an intense pressure campaign by Trump, including threats of prosecution, Jerome Powell and the Federal Reserve Board held the benchmark interest rate at the ...
Dollar Slide Pauses As Bessent Asserts Preference for Strong Dollar
The Treasury Secretary seeks to correct investors' take on Trump's Tuesday remark that the dollar was "great" at its 4-year low against other currencies.
Amazon Completes 30,000 Jobs Cut, Open to More
The cuts represent 10% of its corporate staff and has little impact on most of the 1.58 million employees staffing fulfillment centers.
Spotify Paid Out Record $11 Billion to Music Industry
With 713 million monthly users Spotify's payouts make up two-thirds of all music industry revenues.
SpaceX Mulls $1.5 Trillion Valuation for June IPO
SpaceX may join Aramco as the second ever IPO to achieve a valuation above $1 trillion.
'Bye America' Dollar Slide Deepens with No End in Sight
The dollar has lost 2.5% in January against other currencies after a 9% slide in 2025 on fears Trump may be trying to weaken the ...
SK Hynix Q4 Profits Doubled on Explosive Memory Chip Demand
The world's leading supplier of high-bandwidth memory chips for AI data centers gained 30% in share value in 2025 on insatiable demand for the foreseeable ...
Apple Ends Year Strong with iPhone Surge and Google AI Deal
In addition to robust demand for the iPhone Pro model, Apple impressed investors with its deal to power Siri with Google's Gemini AI model as ...
China Approves Import of First Batch of Nvidia H200 Chips
The approval to import several hundred thousand H200 chips was given during a China visit by Nvidia CEO Jensen Huang.
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 ...
Meta's Surging Ad Revenues Fund Costly Superintelligence Quest
Meta expects to boost its capital expenditures for 2026 to $115 - $135 billion from $72.22 billion in 2025 as it invests in massive AI ...
Samsung Q4 Profits Treble on AI HBM Demand
Profits for Q1 2026 are expected to rise fivefold over 2025 on growing memory demand.
Tesla Renews Pledge to Debut Cybercab This Year
Elon Musk had Tesla invest $2 billion in his xAI as he migrates Tesla from making cars to developing AI self-driving software and robotics.
Luxury Brands Follow China's Middle Class to Second-Tier Cities
As increasing numbers of China's middle class migrate away from the biggest cities in search of lower living costs, luxury goods sales are migrating with ...
Fed Leaves Rates Unchanged Citing Elevated Inflation, Stabilizing Job Market
Despite an intense pressure campaign by Trump, including threats of prosecution, Jerome Powell and the Federal Reserve Board held the benchmark interest rate at the ...
Dollar Slide Pauses As Bessent Asserts Preference for Strong Dollar
The Treasury Secretary seeks to correct investors' take on Trump's Tuesday remark that the dollar was "great" at its 4-year low against other currencies.
Amazon Completes 30,000 Jobs Cut, Open to More
The cuts represent 10% of its corporate staff and has little impact on most of the 1.58 million employees staffing fulfillment centers.
Spotify Paid Out Record $11 Billion to Music Industry
With 713 million monthly users Spotify's payouts make up two-thirds of all music industry revenues.
SpaceX Mulls $1.5 Trillion Valuation for June IPO
SpaceX may join Aramco as the second ever IPO to achieve a valuation above $1 trillion.
'Bye America' Dollar Slide Deepens with No End in Sight
The dollar has lost 2.5% in January against other currencies after a 9% slide in 2025 on fears Trump may be trying to weaken the ...
SK Hynix Q4 Profits Doubled on Explosive Memory Chip Demand
The world's leading supplier of high-bandwidth memory chips for AI data centers gained 30% in share value in 2025 on insatiable demand for the foreseeable ...
Apple Ends Year Strong with iPhone Surge and Google AI Deal
In addition to robust demand for the iPhone Pro model, Apple impressed investors with its deal to power Siri with Google's Gemini AI model as ...
China Approves Import of First Batch of Nvidia H200 Chips
The approval to import several hundred thousand H200 chips was given during a China visit by Nvidia CEO Jensen Huang.
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