US Gas, Air Fare to Stay Elevated through Summer Travel Season
Higher prices reflect the generally glacial pace at which prices go back down, combined with large uncertainties around issues that can stymie a lasting Mideast ...
Business
AI Helps Speed Citigroup Account Openings and Software Upgrades
Citigroup is one of many US banks using AI to boost productivity and cut contractors and staff jobs.
South Asia Growth to Slow to 6.3% in 2026 Says World Bank
Mideast conflict disruptions will prevent South Asia from continuing the 7.0% growth rate of 2025 due to its dependence on imports of oil and other ...
Why the Bond Market Won't Bounce Back to Pre-War Levels
Interest rate cuts needed to restore the bond market aren't likely to materialize due to the lasting inflationary impact of higher oil prices.
Stellantis Aims to Develop Opel EV with China's Leapmotor
Stellantis hopes to use Leapmotor's EV technology to develop an Opel-branded electric SUV for production at Stellantis' Zaragoza plant in Spain.
China's Teapots Seek Iranian Oil at Lower Prices
Armed with fresh import quotas from Beijing, China's independent refiners are eager to buy cargoes of Iranian crude at post-ceasefire prices to return to profitable ...
Oil Slides Below $100, Stocks Soar As Trump Agrees to 2-Week Ceasefire
Hopes that oil and gas will resume flowing through the Strait of Hormuz set off a relief rally and plunge in oil prices.
Physical Oil Nears Record $150 a Barrel As Iran Ignores Trump Threats
European and Asian refiners are paying record highs near $150 a barrel for actual oil deliveries, a 15% premium over paper prices for oil futures.
Lip Bu Tan Links Intel with Musk's Ambitious Terafab AI Chip Project
Intel will join Elon Musk's Terafab AI chip complex project which also includes SpaceX, Tesla and xAI.
Uber to Rely on Amazon's Custom Chips for AI Efforts
Uber's need for advanced AI hardware to handle computing and AI training workloads will be met by Amazon's custom chips.
China's Qingming Holiday Spending Rises Over 2025
Domestic travel spending during the 3-day Qingming holidays jumped 6.6% over last year to 61.367 billion yuan ($8.95 billion), suggesting rising consumer confidence.
Japan Loses Economic Momentum, Sees Early Signs of Iran Impact
The private study found an increase in bankruptcies in the house painting sector with its severe competition, chronic labour shortage, surging fuel costs and war-induced ...
Chinese Farmers Cut Soy Protein Use with Amino Acids from Fermenting Corn
The US trade war incentivized Beijing to find substitutes for soy protein through fermentation sciences using corn, duckweed and other less expensive crops.
SpaceX Plans Early June Pre-IPO Roadshow
SpaceX detailed plans for its IPO at a meeting with bankers who were told to earmark a big portion of shares for retail investors.
Samsung Q1 Profits Surge 8-Fold on AI Demand
Samsung Electronics projects an over eight-fold jump in Q1 operating profit on year as the AI boom produces insatiable demand for servers with high-bandwidth memory ...
Broadcom Scores Long-Term Deal to Develop Custom AI Chips for Google
Broadcom will develop and supply future generations of custom AI chips and other components for server farms through 2031, and signed another deal to provide ...
OpenAI's Jason Kwon Asks State AGs to Probe Musk's 'Anti-Competitive Behavior’
As OpenAI prepares for a trial in April against Elon Musk, its Chief Strategy Officer wrote the attorney generals of California and Delaware to consider ...
Fed Governors See Urgent Inflation Warning Signs
Cleveland Federal Reserve President Beth Hammack and Chicago Fed President Austan Goolsbee both see inflation warning signs flashing "at least orange", posing a far bigger ...
US Service Sector Shrank in March on Soaring Input Costs
Prices paid by the services sector for its inputs rose to the highest level in 3 1/2 years, while its total employment shrank, as the ...
China Issues E-Commerce Guidance for Closer Cooperation with EU
China issued guidance for its e-commerce sector to coordinate domestic development with international markets following a visit by a delegation of EU lawmakers.
Foxconn Q1 Revenue Jumps on Strong Demand for AI Servers
The world's top contract electronics maker saw a 30% revenue jump in Q1 on surging demand for AI server products and strong iPhone sales.
Musk Asks Banks to Spend Tens of Millions on Grok AI on Eve of $2 Trillion ...
The record $75 billion sought by the SpaceX IPO implies a $2 trillion valuation, giving Elon Musk massive clout with IPO banks Morgan Stanley, Goldman ...
March Jobs Report Comes in Stronger than Expected
The US jobless rate fell to 4.3% as nonfarm payroll jumped by 178,000 while February job loss was revised down to 133,000 from 92,000.
Edmunds Raves about EV from Volvo Parent Geely
After putting the Geely Galaxy M9 through battery of tests, the car-shopping site Edmunds concluded that it is more advanced than US vehicles with "terrific ...
Samsung Electronics to Report Spectacular Profit Surge to New Record
Skyrocketing memory chip prices from an insatiable AI boom is expected to give Samsung Electronics a six-fold jump in operating profit for Q1 2026.
US Employment Rebounded in March but Jobs Under Pressure from Iran
The end of a strike by 31,000 Kaiser Permanente nurses helped job growth recover modestly from its February plunge but the job market is likely ...
Automakers Unveil New EVs Despite US Sales Downturn
Weaker demand after EV tax credits ended hasn't kept carmakers like GM and Volvo from releasing new models to stay on track toward an inevitable ...
OpenAI Buys Tech Talk Show TBPN in Surprise Move
The acquisition of the talk show that interviews Silicon Valley CEOs is seen as potentially helping the AI pioneer compete against upstart Anthropic for enterprise ...
McDonald's Draws Worried Consumers with $3 Menu Items and $4 Breakfast Deals
The Chicago-based fast-food giant addresses stressed consumer budgets with new menu items priced at $3 or less and a $4 breakfast meal deal, building on ...
US Trade Deficit Widened in February Despite Record Exports
The deficit was driven by the goods trade deficit with China, which increased to $13.1 billion in February from $12.5 billion in January, and with ...
Rivian Beats Q1 Estimates on Recovering EV Demand
Rivian Automotive exceeded analysts' expectations with 10,365 vehicles delivered, including its SUVs and R1T pickup trucks after a decline last year due to end of ...
China Adds 12 New Banks to Digital Yuan Program
China's central bank expands rollout of the digital yuan by adding major banks operators, including China CITIC Bank, China Everbright Bank, China Guangfa Bank and ...
Tesla Sales of China-Made EVs Rise for Second Straight Quarter
Model 3 and Model Y cars made in Tesla's Shanghai factory rose 8.7% from a year earlier to 85,670 vehicles in March.
Investors See Trump Speech As Extending Hormuz Closure
Investors heard Trump's speech as a sign that the Strait of Hormuz is unlikely to open soon, prolonging the impact of high oil prices on ...
Intel CEO Lip-Bu Tan to Pump More Millions into AI Startup SambaNova
Intel plans to invest another $15 million into a chip startup chaired by Tan with ambition to challenge Nvidia in AI inference chips.
Kia Looks to Restore EV Sales Volume in US with Lower-Priced Model
Kia announced plans to sell a low-priced EV model in the United States later this year to restore EV sales volume.
US Retail Sales Saw Solid February Increase Before US Strikes
February retail sales rose 0.6% on strong growth in autos and household goods after a Q4 slowdown and a revised 0.1% dip in January.
US Private Payrolls Continued Steady Growth in March Says ADP
Private employment rose by 62,000 jobs in March after 66,000 growth in February, solidly beating economist forecast of 40,000 jobs.
World Markets Rebounded Sharply on Quick Iran Peace Hopes
Signs the Iran conflict was de-escalating sent stocks soaring, bonds rallying and the dollar slumping Wednesday in the biggest market rally in three years.
Tesla Car Registrations Soared in Key European Markets in Turnaround
Tesla's March sales tripled in France and more than doubled in the Nordic countries due largely to new cheaper Model Y and Model 3.
China's Oil Stockpiles Protected Stocks from Iran Disruption
China was well prepared for an oil shock with big stockpiles and resilient energy supply chains, driving a positive outlook for investors as the rest ...
Nvidia's Dominance in China Erodes As Domestic Chipmakers Enjoy Bigger Share of AI Boom
Nearly 41% of China's AI accelerator server market went to Chinese firms as Beijing pushes to lower dependence on US GPUs and processors.
Hyundai 's March EV Sales in S. Korea Jumps 38% on Year
Despite a 2.3% decline in global sales, the Korean auto giant's domestic EV sales of 7,809 was up 38% from last March.
Japan Business Mood, Inflation Signs Both Rise
An interest-rate hike appears likely in April on a rise in both business sentiment and likelihood of corporate inflation.
TSMC to Launch 3-Nanometer Chip Production in Japan
The world's top contract chipmaker expects to begin mass production of cutting-edge 3-nanometer wafers in 2028 at its second Japan factory.
South Korea Enjoys Four-Decade High Export Boom on Chip Demand
March exports beat forecasts on an AI-driven chip boom, but the Middle East conflict casts shadow with supply disruptions.
China Factory Growth Continued 4-Month Run Amid Price Pressures
China's manufacturing sector enjoyed growth in both output and new orders but face sharply rising price pressures.
US Consumer Confidence Up Despite Sharp Drop in Job Openings, Hiring
Hiring fell to a six-year low in February, but consumer confidence unexpectedly surged in March despite the higher inflation likely this year.
Nvidia Invests $2 Billion in Marvell to Expand AI Footprint
The $2 billion investment in Marvell Technology is part of the chip giant's push to make it easier for customers to use Marvell's custom AI ...
Meta Unveils Two Ray-Ban Smart Glasses for Prescription Wearers
Meta's Ray-Ban prescription smart glasses will sell for $499, expanding its footprint in AI-powered devices.
US Gas, Air Fare to Stay Elevated through Summer Travel Season
Higher prices reflect the generally glacial pace at which prices go back down, combined with large uncertainties around issues that can stymie a lasting Mideast ...
AI Helps Speed Citigroup Account Openings and Software Upgrades
Citigroup is one of many US banks using AI to boost productivity and cut contractors and staff jobs.
South Asia Growth to Slow to 6.3% in 2026 Says World Bank
Mideast conflict disruptions will prevent South Asia from continuing the 7.0% growth rate of 2025 due to its dependence on imports of oil and other ...
Why the Bond Market Won't Bounce Back to Pre-War Levels
Interest rate cuts needed to restore the bond market aren't likely to materialize due to the lasting inflationary impact of higher oil prices.
Stellantis Aims to Develop Opel EV with China's Leapmotor
Stellantis hopes to use Leapmotor's EV technology to develop an Opel-branded electric SUV for production at Stellantis' Zaragoza plant in Spain.
China's Teapots Seek Iranian Oil at Lower Prices
Armed with fresh import quotas from Beijing, China's independent refiners are eager to buy cargoes of Iranian crude at post-ceasefire prices to return to profitable ...
Oil Slides Below $100, Stocks Soar As Trump Agrees to 2-Week Ceasefire
Hopes that oil and gas will resume flowing through the Strait of Hormuz set off a relief rally and plunge in oil prices.
Physical Oil Nears Record $150 a Barrel As Iran Ignores Trump Threats
European and Asian refiners are paying record highs near $150 a barrel for actual oil deliveries, a 15% premium over paper prices for oil futures.
Lip Bu Tan Links Intel with Musk's Ambitious Terafab AI Chip Project
Intel will join Elon Musk's Terafab AI chip complex project which also includes SpaceX, Tesla and xAI.
Uber to Rely on Amazon's Custom Chips for AI Efforts
Uber's need for advanced AI hardware to handle computing and AI training workloads will be met by Amazon's custom chips.
China's Qingming Holiday Spending Rises Over 2025
Domestic travel spending during the 3-day Qingming holidays jumped 6.6% over last year to 61.367 billion yuan ($8.95 billion), suggesting rising consumer confidence.
Japan Loses Economic Momentum, Sees Early Signs of Iran Impact
The private study found an increase in bankruptcies in the house painting sector with its severe competition, chronic labour shortage, surging fuel costs and war-induced ...
Chinese Farmers Cut Soy Protein Use with Amino Acids from Fermenting Corn
The US trade war incentivized Beijing to find substitutes for soy protein through fermentation sciences using corn, duckweed and other less expensive crops.
SpaceX Plans Early June Pre-IPO Roadshow
SpaceX detailed plans for its IPO at a meeting with bankers who were told to earmark a big portion of shares for retail investors.
Samsung Q1 Profits Surge 8-Fold on AI Demand
Samsung Electronics projects an over eight-fold jump in Q1 operating profit on year as the AI boom produces insatiable demand for servers with high-bandwidth memory ...
Broadcom Scores Long-Term Deal to Develop Custom AI Chips for Google
Broadcom will develop and supply future generations of custom AI chips and other components for server farms through 2031, and signed another deal to provide ...
OpenAI's Jason Kwon Asks State AGs to Probe Musk's 'Anti-Competitive Behavior’
As OpenAI prepares for a trial in April against Elon Musk, its Chief Strategy Officer wrote the attorney generals of California and Delaware to consider ...
Fed Governors See Urgent Inflation Warning Signs
Cleveland Federal Reserve President Beth Hammack and Chicago Fed President Austan Goolsbee both see inflation warning signs flashing "at least orange", posing a far bigger ...
US Service Sector Shrank in March on Soaring Input Costs
Prices paid by the services sector for its inputs rose to the highest level in 3 1/2 years, while its total employment shrank, as the ...
China Issues E-Commerce Guidance for Closer Cooperation with EU
China issued guidance for its e-commerce sector to coordinate domestic development with international markets following a visit by a delegation of EU lawmakers.
Foxconn Q1 Revenue Jumps on Strong Demand for AI Servers
The world's top contract electronics maker saw a 30% revenue jump in Q1 on surging demand for AI server products and strong iPhone sales.
Musk Asks Banks to Spend Tens of Millions on Grok AI on Eve of $2 Trillion ...
The record $75 billion sought by the SpaceX IPO implies a $2 trillion valuation, giving Elon Musk massive clout with IPO banks Morgan Stanley, Goldman ...
March Jobs Report Comes in Stronger than Expected
The US jobless rate fell to 4.3% as nonfarm payroll jumped by 178,000 while February job loss was revised down to 133,000 from 92,000.
Edmunds Raves about EV from Volvo Parent Geely
After putting the Geely Galaxy M9 through battery of tests, the car-shopping site Edmunds concluded that it is more advanced than US vehicles with "terrific ...
Samsung Electronics to Report Spectacular Profit Surge to New Record
Skyrocketing memory chip prices from an insatiable AI boom is expected to give Samsung Electronics a six-fold jump in operating profit for Q1 2026.
US Employment Rebounded in March but Jobs Under Pressure from Iran
The end of a strike by 31,000 Kaiser Permanente nurses helped job growth recover modestly from its February plunge but the job market is likely ...
Automakers Unveil New EVs Despite US Sales Downturn
Weaker demand after EV tax credits ended hasn't kept carmakers like GM and Volvo from releasing new models to stay on track toward an inevitable ...
OpenAI Buys Tech Talk Show TBPN in Surprise Move
The acquisition of the talk show that interviews Silicon Valley CEOs is seen as potentially helping the AI pioneer compete against upstart Anthropic for enterprise ...
McDonald's Draws Worried Consumers with $3 Menu Items and $4 Breakfast Deals
The Chicago-based fast-food giant addresses stressed consumer budgets with new menu items priced at $3 or less and a $4 breakfast meal deal, building on ...
US Trade Deficit Widened in February Despite Record Exports
The deficit was driven by the goods trade deficit with China, which increased to $13.1 billion in February from $12.5 billion in January, and with ...
Rivian Beats Q1 Estimates on Recovering EV Demand
Rivian Automotive exceeded analysts' expectations with 10,365 vehicles delivered, including its SUVs and R1T pickup trucks after a decline last year due to end of ...
China Adds 12 New Banks to Digital Yuan Program
China's central bank expands rollout of the digital yuan by adding major banks operators, including China CITIC Bank, China Everbright Bank, China Guangfa Bank and ...
Tesla Sales of China-Made EVs Rise for Second Straight Quarter
Model 3 and Model Y cars made in Tesla's Shanghai factory rose 8.7% from a year earlier to 85,670 vehicles in March.
Investors See Trump Speech As Extending Hormuz Closure
Investors heard Trump's speech as a sign that the Strait of Hormuz is unlikely to open soon, prolonging the impact of high oil prices on ...
Intel CEO Lip-Bu Tan to Pump More Millions into AI Startup SambaNova
Intel plans to invest another $15 million into a chip startup chaired by Tan with ambition to challenge Nvidia in AI inference chips.
Kia Looks to Restore EV Sales Volume in US with Lower-Priced Model
Kia announced plans to sell a low-priced EV model in the United States later this year to restore EV sales volume.
US Retail Sales Saw Solid February Increase Before US Strikes
February retail sales rose 0.6% on strong growth in autos and household goods after a Q4 slowdown and a revised 0.1% dip in January.
US Private Payrolls Continued Steady Growth in March Says ADP
Private employment rose by 62,000 jobs in March after 66,000 growth in February, solidly beating economist forecast of 40,000 jobs.
World Markets Rebounded Sharply on Quick Iran Peace Hopes
Signs the Iran conflict was de-escalating sent stocks soaring, bonds rallying and the dollar slumping Wednesday in the biggest market rally in three years.
Tesla Car Registrations Soared in Key European Markets in Turnaround
Tesla's March sales tripled in France and more than doubled in the Nordic countries due largely to new cheaper Model Y and Model 3.
China's Oil Stockpiles Protected Stocks from Iran Disruption
China was well prepared for an oil shock with big stockpiles and resilient energy supply chains, driving a positive outlook for investors as the rest ...
Nvidia's Dominance in China Erodes As Domestic Chipmakers Enjoy Bigger Share of AI Boom
Nearly 41% of China's AI accelerator server market went to Chinese firms as Beijing pushes to lower dependence on US GPUs and processors.
Hyundai 's March EV Sales in S. Korea Jumps 38% on Year
Despite a 2.3% decline in global sales, the Korean auto giant's domestic EV sales of 7,809 was up 38% from last March.
Japan Business Mood, Inflation Signs Both Rise
An interest-rate hike appears likely in April on a rise in both business sentiment and likelihood of corporate inflation.
TSMC to Launch 3-Nanometer Chip Production in Japan
The world's top contract chipmaker expects to begin mass production of cutting-edge 3-nanometer wafers in 2028 at its second Japan factory.
South Korea Enjoys Four-Decade High Export Boom on Chip Demand
March exports beat forecasts on an AI-driven chip boom, but the Middle East conflict casts shadow with supply disruptions.
China Factory Growth Continued 4-Month Run Amid Price Pressures
China's manufacturing sector enjoyed growth in both output and new orders but face sharply rising price pressures.
US Consumer Confidence Up Despite Sharp Drop in Job Openings, Hiring
Hiring fell to a six-year low in February, but consumer confidence unexpectedly surged in March despite the higher inflation likely this year.
Nvidia Invests $2 Billion in Marvell to Expand AI Footprint
The $2 billion investment in Marvell Technology is part of the chip giant's push to make it easier for customers to use Marvell's custom AI ...
Meta Unveils Two Ray-Ban Smart Glasses for Prescription Wearers
Meta's Ray-Ban prescription smart glasses will sell for $499, expanding its footprint in AI-powered devices.
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