Meta AI Chief LeCun Exits After Being Passed Over for Alexandr Wang
Mark Zuckerberg is remaking Meta's AI regime in an aggressive bid for AI leadership with massive hiring of AI talent, including Scale AI founder Alexandr ...
Business
Porsche-Volkswagen Struggles with EV Rollout, China Competition
Porsche SE, owner of a controlling interest in Volkswagen, sees profits plunge amid a delayed EV rollout and stiff competition in China.
Lisa Su Expects AMD Chip Sales to Hit $1 Trillion
CEO Lisa Su estimates that AMD's combined chip sales will hit $1 trillion per year by 2030, with much of the growth coming from AI.
Japan Manufacturer Sentiment Highest in 4 Years
Manufacturers' sentiment index rose to plus 17, up from plus 8 in October, led by electronics export surge amid a 5% drop in yen since ...
Global EV Sales Growth Hits 23% in October
Sales of EVs and hybrids jumped to 1.9 million units despite a big decline in the North American market.
Tsavorite Secures $100 Million in Pre-Orders
Tsavorite Scalable Intelligence OPU chips used by data centers to scale AI workloads is enjoying strong demand amid a boom in AI infrastructure.
OpenAI Weighs Separate AI Healthcare Assistants
Recent high-level hires with healthcare backgrounds appears likely to lead to the creation of AI consumer healthcare offerings.
Tesla's China Sales Plunged 60% from September
October sales fell 35.8% from last year and 60% from September to claim just 3.2% of China's auto sales.
Wall Street Rises on Reopening Deal
House passage of a bill to fund the government until January 30 has produced a jump in share prices of all sectors except healthcare insurers.
Healthcare Shares Fall on Shutdown Deal
A deal to end the government shutdown without extending Affordable Care Act subsidies is causing a 2 - 10% drop in shares of leading healthcare ...
Honda's Biggest Challenge Comes from Chinese EV Makers
Honda's onetime stronghold of Southeast Asia is now being challenged by aggressive Chinese EV makers.
Legal AI Firm Clio Hits $5 Billion Valuation
The latest funding round led by New Enterprise Associates values the legal automation software firm at $5 Billion.
Sony Lifts Profit Forecast on Lower Tariffs, Strong Chips
Lower tariffs and strong performance of its chips and entertainment business let Sony raise its profit forecast for the fiscal year ending March 2026 by ...
Carmakers Relieved by China's Exemptions for Nexperia Chip Shipments
The relatively simple but absolutely essential chips for carmakers have been exempted from China's export controls on Nexperia, a Dutch subsidiary of the Chinese firm ...
China Prices Rise on Curbs on Over-Production, Hyper-Competition
Deflationary pressures eased markedly in October as China's consumer prices resumed rising.
Major Retailers Promise Cheaper Thanksgiving with a Catch
Retailers seek to achieve more appealing price points for Thanksgiving meals by paring down the variety of their offerings to achieve economies of scale.
China's Easing of Rare-Earth Restrictions Less than Hoped
The trade deal struck at the APEC summit hasn't made China willing to give up the bargaining power secured by tightening control over rare-earth exports.
NASDAQ Had Worst Week Since April
AI bubble fears were compounded by Jensen Huang's comment about China winning the AI race, led to a 3% drop in the tech-heavy NASDAQ.
Demand for Nvidia's Blackwell Chips Strains Capacity
Despite being locked out of the China market for Nvidia's most advanced Blackwell chips, Jensen Huang seeks capacity output from key partners TSMC, Samsung, SK ...
Consumer Sentiment Sinks Deeper Than Expected
The dawning realization that Trump is determined to continue his disruptive policies that favor the wealthy over the working class appears to have contributed to ...
Musk's Epic Pay Package Elicits Analyst Chuckles
The package is seen as a common-sense way to incentivize Musk not to abandon a sinking ship and work to build the staggering $8.5-trillion valuation ...
China Resumes US Soybean Licenses, Log Imports
US-China trade begins a muted return toward a new normal after last week's uneasy truce following Trump's trade aggression and China's rare-earth counter.
Canada's Fall Job Growth Surprises
A surge of jobs in September and October offset most of Canada's job losses in July and August due to Trump tariffs.
Musk Wins Vote on $878 Billion Pay Package
Fearing Elon's Musk's departure could tank Tesla's skyhigh share prices, shareholders saw no alternative to handcuffing him for a decade with a record pay package.
Microsoft's Superintelligence Team to Target Medical Diagnosis
The costly new AI team will begin with an application that will put it in direct competition with Meta while avoiding risks often associated with ...
Ralph Lauren Raises Yearly Forecast on Sales Surge
The quintessential American designer label is reporting biggest sales jump in China followed by Europe and the US, showing that economic uncertainty hasn't dampened luxury ...
October Layoffs Hit 20-Year High
Most of the 175% surge in layoffs were due to adoption of AI to replace tech and white-collar workers as corporate cost-cutting gathers steam.
US Holiday Sales to Set New Trillion-Plus Record
The National Retail Federation is projecting a 4.3% rise over the last November-December holiday period.
Tesla Europe Sales in Free-Fall Amid Broad EV Surge
October Tesla sales in Germany fell by over half while EV auto registrations jumped 48%, confirming a Europe-wide crisis for the EV pioneer.
McDonald's Beats Sales Forecasts with Value Meals
The world's top burger chain posted sales growth in an uncertain economy by catering to the hunger for low-cost meals.
China Bans Foreign Chips from State-Funded Data Centers
In a bid to create a self-sufficient domestic AI supply chain China effectively bans Nvidia and AMD chips from any project receiving government funding.
Tesla Board Backs Record Pay Package to Handcuff Musk
Ahead of a Thursday shareholder vote the EV-maker pushes a pay package worth up to $878 billion as the only way to guarantee that Musk ...
World Economic Forum Warns of 3 Bubbles
The international body sees possible bubbles in AI, crypto and debt.
BMW, BYD Competition Heats up with Plants in Hungary
European auto brands consider the challenges posed by the rise and global expansion of Chinese EV brands.
Honda Bets on Lighter Hybrid Platform
The new platform will accommodate both hybrid and ICE driven cars as automakers hedge their bets as the dawn of the full-EV era is temporarily ...
Jobs Scarce Despite Rising Service Sector Activity
October saw solid growth in the service sector which accounts for two-thirds of US economic activity but job growth stayed weak amid continuing uncertainty over ...
Apple to Beef Up Siri with Google's AI Model
The arrangement would cost Apple $1 billion per year until it completes development of its own high-powered AI model.
India Becomes Production Hub for Japanese Carmakers
Pressured by Trump tariffs Toyota, Honda and Suzuki shift new production and export hubs away from China toward India.
China Will Win AI Race Says Jensen Huang
Having Nvidia chips locked out of the China market will keep China's massive developer base from participating in the US AI ecosystem, ultimately costing the ...
China Export Growth Slows After Pre-Tariff Front-Loading
October export growth slowed to around 3% after an 8.3% surge in September amid efforts to beat higher tariffs.
Vietnam Exports to US Drop 3rd Straight Month
The 20% tariffs that went into effect in August have dampened exports to the US even as overall exports grew 17.5% in October.
Tesla's October China Sales Plunge Trebles BYD's
EVs made in Tesla's Shanghai gigafactory suffered a 32.3% plunge in global sales while rival BYD enjoyed big surge in Europe.
Samsung Hit by $191 Million OLED Patent Verdict
The electronics giant was found to have infringed two Pictiva patents relating to technology for enhancing OLED performance.
Pace of China Factory Growth Slows
Tariff anxiety appears to be discouraging aggressive factory activity as PMI falls to 50.6 in October from 51.2 in September.
Japan October Factory Output Slowest in 19 Months
Slumping demand for cars and chips caused October PMI to slip further to 48.2 from 48.5 in September.
Samsung SDI to Supply Tesla Energy Storage Batteries
Tesla is diversifying supply chains from China while Samsung is repurposing battery capacity from EVs.
WeRide Sets HK IPO to Raise $308 Million
The Chinese self-driving technology developer seeks capital to expand its robotaxi service in China and overseas on the heels of a successful IPO by rival ...
Toyota Profits Drop 2nd Consecutive Quarter
A 25% year-on-year profit drop for the world's top carmaker is due to its efforts to cushion US buyers from the full impact of tariffs ...
Nintendo Boosts Forecast for Switch 2 Sales
The Kyoto-based gamemaker boosted its fiscal year sales forecast for the popular game device to 19 million from its initial 15 million projection.
Analysts Discuss First Real Asia Market Selloff in 7 Months
The AI-driven rise in tech stocks went too far or investors are just taking profits, depending on who you talk to.
Meta AI Chief LeCun Exits After Being Passed Over for Alexandr Wang
Mark Zuckerberg is remaking Meta's AI regime in an aggressive bid for AI leadership with massive hiring of AI talent, including Scale AI founder Alexandr ...
Porsche-Volkswagen Struggles with EV Rollout, China Competition
Porsche SE, owner of a controlling interest in Volkswagen, sees profits plunge amid a delayed EV rollout and stiff competition in China.
Lisa Su Expects AMD Chip Sales to Hit $1 Trillion
CEO Lisa Su estimates that AMD's combined chip sales will hit $1 trillion per year by 2030, with much of the growth coming from AI.
Japan Manufacturer Sentiment Highest in 4 Years
Manufacturers' sentiment index rose to plus 17, up from plus 8 in October, led by electronics export surge amid a 5% drop in yen since ...
Global EV Sales Growth Hits 23% in October
Sales of EVs and hybrids jumped to 1.9 million units despite a big decline in the North American market.
Tsavorite Secures $100 Million in Pre-Orders
Tsavorite Scalable Intelligence OPU chips used by data centers to scale AI workloads is enjoying strong demand amid a boom in AI infrastructure.
OpenAI Weighs Separate AI Healthcare Assistants
Recent high-level hires with healthcare backgrounds appears likely to lead to the creation of AI consumer healthcare offerings.
Tesla's China Sales Plunged 60% from September
October sales fell 35.8% from last year and 60% from September to claim just 3.2% of China's auto sales.
Wall Street Rises on Reopening Deal
House passage of a bill to fund the government until January 30 has produced a jump in share prices of all sectors except healthcare insurers.
Healthcare Shares Fall on Shutdown Deal
A deal to end the government shutdown without extending Affordable Care Act subsidies is causing a 2 - 10% drop in shares of leading healthcare ...
Honda's Biggest Challenge Comes from Chinese EV Makers
Honda's onetime stronghold of Southeast Asia is now being challenged by aggressive Chinese EV makers.
Legal AI Firm Clio Hits $5 Billion Valuation
The latest funding round led by New Enterprise Associates values the legal automation software firm at $5 Billion.
Sony Lifts Profit Forecast on Lower Tariffs, Strong Chips
Lower tariffs and strong performance of its chips and entertainment business let Sony raise its profit forecast for the fiscal year ending March 2026 by ...
Carmakers Relieved by China's Exemptions for Nexperia Chip Shipments
The relatively simple but absolutely essential chips for carmakers have been exempted from China's export controls on Nexperia, a Dutch subsidiary of the Chinese firm ...
China Prices Rise on Curbs on Over-Production, Hyper-Competition
Deflationary pressures eased markedly in October as China's consumer prices resumed rising.
Major Retailers Promise Cheaper Thanksgiving with a Catch
Retailers seek to achieve more appealing price points for Thanksgiving meals by paring down the variety of their offerings to achieve economies of scale.
China's Easing of Rare-Earth Restrictions Less than Hoped
The trade deal struck at the APEC summit hasn't made China willing to give up the bargaining power secured by tightening control over rare-earth exports.
NASDAQ Had Worst Week Since April
AI bubble fears were compounded by Jensen Huang's comment about China winning the AI race, led to a 3% drop in the tech-heavy NASDAQ.
Demand for Nvidia's Blackwell Chips Strains Capacity
Despite being locked out of the China market for Nvidia's most advanced Blackwell chips, Jensen Huang seeks capacity output from key partners TSMC, Samsung, SK ...
Consumer Sentiment Sinks Deeper Than Expected
The dawning realization that Trump is determined to continue his disruptive policies that favor the wealthy over the working class appears to have contributed to ...
Musk's Epic Pay Package Elicits Analyst Chuckles
The package is seen as a common-sense way to incentivize Musk not to abandon a sinking ship and work to build the staggering $8.5-trillion valuation ...
China Resumes US Soybean Licenses, Log Imports
US-China trade begins a muted return toward a new normal after last week's uneasy truce following Trump's trade aggression and China's rare-earth counter.
Canada's Fall Job Growth Surprises
A surge of jobs in September and October offset most of Canada's job losses in July and August due to Trump tariffs.
Musk Wins Vote on $878 Billion Pay Package
Fearing Elon's Musk's departure could tank Tesla's skyhigh share prices, shareholders saw no alternative to handcuffing him for a decade with a record pay package.
Microsoft's Superintelligence Team to Target Medical Diagnosis
The costly new AI team will begin with an application that will put it in direct competition with Meta while avoiding risks often associated with ...
Ralph Lauren Raises Yearly Forecast on Sales Surge
The quintessential American designer label is reporting biggest sales jump in China followed by Europe and the US, showing that economic uncertainty hasn't dampened luxury ...
October Layoffs Hit 20-Year High
Most of the 175% surge in layoffs were due to adoption of AI to replace tech and white-collar workers as corporate cost-cutting gathers steam.
US Holiday Sales to Set New Trillion-Plus Record
The National Retail Federation is projecting a 4.3% rise over the last November-December holiday period.
Tesla Europe Sales in Free-Fall Amid Broad EV Surge
October Tesla sales in Germany fell by over half while EV auto registrations jumped 48%, confirming a Europe-wide crisis for the EV pioneer.
McDonald's Beats Sales Forecasts with Value Meals
The world's top burger chain posted sales growth in an uncertain economy by catering to the hunger for low-cost meals.
China Bans Foreign Chips from State-Funded Data Centers
In a bid to create a self-sufficient domestic AI supply chain China effectively bans Nvidia and AMD chips from any project receiving government funding.
Tesla Board Backs Record Pay Package to Handcuff Musk
Ahead of a Thursday shareholder vote the EV-maker pushes a pay package worth up to $878 billion as the only way to guarantee that Musk ...
World Economic Forum Warns of 3 Bubbles
The international body sees possible bubbles in AI, crypto and debt.
BMW, BYD Competition Heats up with Plants in Hungary
European auto brands consider the challenges posed by the rise and global expansion of Chinese EV brands.
Honda Bets on Lighter Hybrid Platform
The new platform will accommodate both hybrid and ICE driven cars as automakers hedge their bets as the dawn of the full-EV era is temporarily ...
Jobs Scarce Despite Rising Service Sector Activity
October saw solid growth in the service sector which accounts for two-thirds of US economic activity but job growth stayed weak amid continuing uncertainty over ...
Apple to Beef Up Siri with Google's AI Model
The arrangement would cost Apple $1 billion per year until it completes development of its own high-powered AI model.
India Becomes Production Hub for Japanese Carmakers
Pressured by Trump tariffs Toyota, Honda and Suzuki shift new production and export hubs away from China toward India.
China Will Win AI Race Says Jensen Huang
Having Nvidia chips locked out of the China market will keep China's massive developer base from participating in the US AI ecosystem, ultimately costing the ...
China Export Growth Slows After Pre-Tariff Front-Loading
October export growth slowed to around 3% after an 8.3% surge in September amid efforts to beat higher tariffs.
Vietnam Exports to US Drop 3rd Straight Month
The 20% tariffs that went into effect in August have dampened exports to the US even as overall exports grew 17.5% in October.
Tesla's October China Sales Plunge Trebles BYD's
EVs made in Tesla's Shanghai gigafactory suffered a 32.3% plunge in global sales while rival BYD enjoyed big surge in Europe.
Samsung Hit by $191 Million OLED Patent Verdict
The electronics giant was found to have infringed two Pictiva patents relating to technology for enhancing OLED performance.
Pace of China Factory Growth Slows
Tariff anxiety appears to be discouraging aggressive factory activity as PMI falls to 50.6 in October from 51.2 in September.
Japan October Factory Output Slowest in 19 Months
Slumping demand for cars and chips caused October PMI to slip further to 48.2 from 48.5 in September.
Samsung SDI to Supply Tesla Energy Storage Batteries
Tesla is diversifying supply chains from China while Samsung is repurposing battery capacity from EVs.
WeRide Sets HK IPO to Raise $308 Million
The Chinese self-driving technology developer seeks capital to expand its robotaxi service in China and overseas on the heels of a successful IPO by rival ...
Toyota Profits Drop 2nd Consecutive Quarter
A 25% year-on-year profit drop for the world's top carmaker is due to its efforts to cushion US buyers from the full impact of tariffs ...
Nintendo Boosts Forecast for Switch 2 Sales
The Kyoto-based gamemaker boosted its fiscal year sales forecast for the popular game device to 19 million from its initial 15 million projection.
Analysts Discuss First Real Asia Market Selloff in 7 Months
The AI-driven rise in tech stocks went too far or investors are just taking profits, depending on who you talk to.
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