Lithium Prices Surge in China After 27 Mining Licenses Revoked
Jiangxi Province's plan to cancel 27 mostly expired mining licenses in the lithium center of Yichun prompted a 7.61% jump in lithium futures.
Business
Amazon $10 Billion OpenAI Bet Adds to Circular AI Deals
The investment would complement an earlier deal for OpenAI to buy $38 billion worth of Amazon's cloud services and its Tranium chips.
AI Chipmaker MetaX Shares Soars 700% on Shanghai Debut
The redhot IPO market for AI chips is powered by the forecast that China's AI chip sales will jump from $54 billion in 2026 to ...
Singapore November Exports Jumped 11.6%
AI-related demand from the US, EU and Taiwan helped boost exports far beyond the 7% forecast after a 21.7% jump in October.
Waymo May Raise $15 Billion at $100 Billion Valuation
Google's industry-leading robotaxi service will raise money in a round led by parent Alphabet.
Japan's Exports Rose 3rd Straight Month
November exports rose 6.1% on year as shipments to US rebounded for first time in 8 months.
Tesla Given 90-Day Grace Period by California
The pioneering EV-maker's ability to continue to sell in California is in jeopardy due to DMV charges that its use of the terms "Autopilot" and ...
Job Growth Improved but Unemployment at 4-Year High
Nonfarm payrolls grew by 64,000 in November but the unemployment rate surged to 4.6% as 105,000 jobs were lost.
Chinese Antimony Smuggler Gets 12-Year Sentence
China sentenced 27 Chinese for shipping antimony ingots without export licenses.
Smartphone Shipments Fall As Chipmakers Focus on AI Demand
A shortage of legacy memory chips will drive down 2026 low-end smartphone shipments as chipmakers shift production to the high-end memory demanded by AI data ...
Delayed Jobs Data Expected to Show Weakening Job Market
The November unemployment report from the Bureau of Labor Statistics due Tuesday is expected to show stalled hiring and a slow rise in the unemployment ...
Biren's HK IPO to Tap Redhot Market for AI Chip Stocks
Chinese AI chip startup's IPO comes in the wake of offerings by rivals Moore Threads and MetaX that were oversubscribed by a factor of thousands.
NASDAQ Files to Extend Trading Hours
NASDAQ moves toward 23/5 trading as Wall Street eyes eventual 24/7 trading.
Nvidia Buys SchedMD AI for Open-Source Ecosystem Competition
As the AI competition moves to open source models, SchedMD's software to help data centers to optimize large computing jobs will help Nvidia shore up ...
Roomba Maker iRobot Files Bankruptcy on Tariff Impact
The company will be bought out of bankruptcy by its primary manufacturer and creditor Picea Robotics.
Viet EV Maker VinFast to Boost Indonesia Bet to $1 Billion
VinFast inaugurates its Subang, West Java manufacturing plant with a capacity of 50,000 cars per year and eyes scaling up to 350,000.
Japan Must Focus on Niches to Revive Chip Prowess Says NTT Boss
Japan's government-backed Rapidus chipmaker is eyeing a focus on few selected niches instead of trying to compete at scale with TSMC and Samsung.
Adrian Cheng's ALMAD to Bring Chinese Attractions Dubai
Dubai's Wafi Group partners with Hong Kong's New World Development to bring anime-theme entertainment and Chinese brands to Wafi City
Japan Business Sentiment Hits 4-Year High
The tankan survey shows business confidence hit +15 in November, partially offsetting worries about US tariffs and soft consumption and setting up expectations for a ...
China's Slowing Economy in November Adds Pressure for Reforms
Slowing growth in China's export-oriented economy increases calls for deeper reforms to encourage more domestic consumer consumption.
Korea Zinc to Build $7.4 Billion US Rare Earths Plant
The joint venture with US firms and the US government would produce antimony, germanium and gallium essential to telecommunications, chips and weaponry production.
Nvidia May Boost H200 Production on Surging China Demand
Even as Nvidia struggles to meet demand for its current-generation Blackwell chips, it is considering adding more lines to meet surging demand for the last-gen ...
Huawei Smartphone Uses Chinese Kirin 9030 Chip
The chip fabricated by China's top foundry SMIC uses an improved 7-nanometer process which still lags the 5-nm nodes used by TSMC and Samsung.
SpaceX Valued at $800 Billion in Insider Share Sale
In anticipation of a 2026 IPO that seeks to raise $25 billion, SpaceX is offering shares at $421 apiece, implying an $800 billion valuation.
Synthetic DNA Sequences Targeted for Export Controls
Digital DNA sequences derived from cutting-edge biotech research using AI are seen by a bipartisan group of lawmakers as technology that should be protected from ...
SpaceX IPO Clouded by Financial Impact of Mars Mission
Elon Musk's lifelong dream of sending humans to Mars adds a large element of risk to SpaceX's financial prospects.
Xpeng to Begin Mass EV Production in Malaysia
The Chinese luxury-EV maker is in talks with EPMB to begin Malaysia production in 2026 to serve Southeast Asia's right-hand drive market.
Cannabis Reclassification to Schedule III Boosts Stocks
Trump is expected to loosen federal restrictions on marijuana, helping the cannabis industry with sales and financing.
Intel Tests Next-Gen Chipmaking Tool Developed in China
Intel's next-gen chipmaking process 14A may use a wafer-etching tool developed entirely in Shanghai by ACM Research, a Fremont-based firm founded by Chinese American David ...
Rivian Self-Driving Chip Surpasses Tesla's at Lower Cost
The Rivian Autonomy Processor enables Level 4 autonomy in the near future using a system that combines lidar input and its proprietary Large Driving Model.
Eli Lilly's Next GLP-1 Drug Outperforms Zepbound
The market leader in weight-loss drugs is poised to strengthen its position when its retatrutide drug is approved by the FDA.
Weekly Jobless Claims Surge on Seasonal Data Adjustments
Claims jumped 44,000 to a seasonally adjusted 236,000 for the week ended December 6 due largely to difficulties with seasonal adjustments around the Thanksgiving holidays.
Oracle's Huge AI Investments vs Weak Cash Flow Stalls Stocks
As a key player in the aggressive global AI infrastructure buildout, Oracles' weak earnings on AI investments is seen by some as a reality check ...
China Recognizes Imbalance, Promises Big Boost for Consumption
Beijing pledges stimulus to boost incomes and consumption in order to secure 5% growth for 2026.
China Resumes Talks with EU on Minimum EV Pricing Plan
China seeks to replace tariffs of up to 45.3% with a scheme to impose minimum prices on its EV exports to Europe.
China's ZTE May Pay $1 Billion on US Foreign Bribery Charges
The allegations were based on bribes to officials in South America and elsewhere to secure telecom contracts.
OpenAI Warns Its New Models Pose High Security Risk
The company behind ChatGPT has begun working with a team of cybersecurity defenders to counter security risks posed by the capabilities of its upcoming models.
Rate Cut Weakens Dollar, Likely Adding to Consumer Inflation
The rate cuts so vociferously demanded by Trump since his election will make imports costlier and add to the consumer's perception of runaway prices.
Wall Street Rallies Modestly on Fed's Quarter Point Rate Cut
An interest rate cut that had already been partially baked into stocks has sparked a modest confirmation rise in the stock indexes.
Alibaba, ByeDance Eager for H200 Chips
Nvidia has begun turning out a small quantity of H200 chips even as it has allocated most of its resources to producing the current generation ...
SpaceX 2026 IPO to Raise $25 Billion for $1 Trillion Valuation
Taking a second company public would put pressure on Elon Musk to commit to only one.
Nvidia H200 AI Chips Impact Chinese University Recruitment of Top Talent
China's top students seek out universities with the largest number of Nvidia H200 chips in order to receive training using fastest AI models.
S. Korea's Hanwha, US Vatn to Build Navy Underwater Drones
The submarine drones are conceived as a way to counter China's massive build up of naval vessels.
Amazon Announces $35 Billion Investment in India
The investment includes expansion of operations and strengthening of its AI capabilities.
Nvidia Develops Location Verification Tech for AI Chips
The technology could be activated by the chip's buyer to verify the location at which a chip is being used to address US smuggling concerns.
US Tariffs Drive Vietnam to Deepen Ties with China
Chinese firms are becoming aggressive in investing in Vietnam and sending record shipments of components in defiance of US efforts to induce Vietnam to decouple ...
China Factory Deflation Deepens While Consumer Inflation Highest in 21 Months
High food prices raised China's consumer inflation to a 21-month high but factory deflation deepened on weak domestic demand.
Samsung SDI Inks $1.36 Billion LFP Battery Deal with US Firm
The deal was made with an undisclosed energy infrastructure firm to provide LFP (Lithium Iron Phostate) batteries for energy storage on reduced demand for EVs.
US Military to Develop Small-Scale Refineries for Critical Minerals
Minerals like tungsten, boron, antimony trisulfide and rare earths are essential to make bullets, armor and other weaponry.
China Sovereign Wealth Fund Rose 30.4% in 2024
The net profit on China's $1.57 trillion in national investments assets totaled $140.64 billion.
Lithium Prices Surge in China After 27 Mining Licenses Revoked
Jiangxi Province's plan to cancel 27 mostly expired mining licenses in the lithium center of Yichun prompted a 7.61% jump in lithium futures.
Amazon $10 Billion OpenAI Bet Adds to Circular AI Deals
The investment would complement an earlier deal for OpenAI to buy $38 billion worth of Amazon's cloud services and its Tranium chips.
AI Chipmaker MetaX Shares Soars 700% on Shanghai Debut
The redhot IPO market for AI chips is powered by the forecast that China's AI chip sales will jump from $54 billion in 2026 to ...
Singapore November Exports Jumped 11.6%
AI-related demand from the US, EU and Taiwan helped boost exports far beyond the 7% forecast after a 21.7% jump in October.
Waymo May Raise $15 Billion at $100 Billion Valuation
Google's industry-leading robotaxi service will raise money in a round led by parent Alphabet.
Japan's Exports Rose 3rd Straight Month
November exports rose 6.1% on year as shipments to US rebounded for first time in 8 months.
Tesla Given 90-Day Grace Period by California
The pioneering EV-maker's ability to continue to sell in California is in jeopardy due to DMV charges that its use of the terms "Autopilot" and ...
Job Growth Improved but Unemployment at 4-Year High
Nonfarm payrolls grew by 64,000 in November but the unemployment rate surged to 4.6% as 105,000 jobs were lost.
Chinese Antimony Smuggler Gets 12-Year Sentence
China sentenced 27 Chinese for shipping antimony ingots without export licenses.
Smartphone Shipments Fall As Chipmakers Focus on AI Demand
A shortage of legacy memory chips will drive down 2026 low-end smartphone shipments as chipmakers shift production to the high-end memory demanded by AI data ...
Delayed Jobs Data Expected to Show Weakening Job Market
The November unemployment report from the Bureau of Labor Statistics due Tuesday is expected to show stalled hiring and a slow rise in the unemployment ...
Biren's HK IPO to Tap Redhot Market for AI Chip Stocks
Chinese AI chip startup's IPO comes in the wake of offerings by rivals Moore Threads and MetaX that were oversubscribed by a factor of thousands.
NASDAQ Files to Extend Trading Hours
NASDAQ moves toward 23/5 trading as Wall Street eyes eventual 24/7 trading.
Nvidia Buys SchedMD AI for Open-Source Ecosystem Competition
As the AI competition moves to open source models, SchedMD's software to help data centers to optimize large computing jobs will help Nvidia shore up ...
Roomba Maker iRobot Files Bankruptcy on Tariff Impact
The company will be bought out of bankruptcy by its primary manufacturer and creditor Picea Robotics.
Viet EV Maker VinFast to Boost Indonesia Bet to $1 Billion
VinFast inaugurates its Subang, West Java manufacturing plant with a capacity of 50,000 cars per year and eyes scaling up to 350,000.
Japan Must Focus on Niches to Revive Chip Prowess Says NTT Boss
Japan's government-backed Rapidus chipmaker is eyeing a focus on few selected niches instead of trying to compete at scale with TSMC and Samsung.
Adrian Cheng's ALMAD to Bring Chinese Attractions Dubai
Dubai's Wafi Group partners with Hong Kong's New World Development to bring anime-theme entertainment and Chinese brands to Wafi City
Japan Business Sentiment Hits 4-Year High
The tankan survey shows business confidence hit +15 in November, partially offsetting worries about US tariffs and soft consumption and setting up expectations for a ...
China's Slowing Economy in November Adds Pressure for Reforms
Slowing growth in China's export-oriented economy increases calls for deeper reforms to encourage more domestic consumer consumption.
Korea Zinc to Build $7.4 Billion US Rare Earths Plant
The joint venture with US firms and the US government would produce antimony, germanium and gallium essential to telecommunications, chips and weaponry production.
Nvidia May Boost H200 Production on Surging China Demand
Even as Nvidia struggles to meet demand for its current-generation Blackwell chips, it is considering adding more lines to meet surging demand for the last-gen ...
Huawei Smartphone Uses Chinese Kirin 9030 Chip
The chip fabricated by China's top foundry SMIC uses an improved 7-nanometer process which still lags the 5-nm nodes used by TSMC and Samsung.
SpaceX Valued at $800 Billion in Insider Share Sale
In anticipation of a 2026 IPO that seeks to raise $25 billion, SpaceX is offering shares at $421 apiece, implying an $800 billion valuation.
Synthetic DNA Sequences Targeted for Export Controls
Digital DNA sequences derived from cutting-edge biotech research using AI are seen by a bipartisan group of lawmakers as technology that should be protected from ...
SpaceX IPO Clouded by Financial Impact of Mars Mission
Elon Musk's lifelong dream of sending humans to Mars adds a large element of risk to SpaceX's financial prospects.
Xpeng to Begin Mass EV Production in Malaysia
The Chinese luxury-EV maker is in talks with EPMB to begin Malaysia production in 2026 to serve Southeast Asia's right-hand drive market.
Cannabis Reclassification to Schedule III Boosts Stocks
Trump is expected to loosen federal restrictions on marijuana, helping the cannabis industry with sales and financing.
Intel Tests Next-Gen Chipmaking Tool Developed in China
Intel's next-gen chipmaking process 14A may use a wafer-etching tool developed entirely in Shanghai by ACM Research, a Fremont-based firm founded by Chinese American David ...
Rivian Self-Driving Chip Surpasses Tesla's at Lower Cost
The Rivian Autonomy Processor enables Level 4 autonomy in the near future using a system that combines lidar input and its proprietary Large Driving Model.
Eli Lilly's Next GLP-1 Drug Outperforms Zepbound
The market leader in weight-loss drugs is poised to strengthen its position when its retatrutide drug is approved by the FDA.
Weekly Jobless Claims Surge on Seasonal Data Adjustments
Claims jumped 44,000 to a seasonally adjusted 236,000 for the week ended December 6 due largely to difficulties with seasonal adjustments around the Thanksgiving holidays.
Oracle's Huge AI Investments vs Weak Cash Flow Stalls Stocks
As a key player in the aggressive global AI infrastructure buildout, Oracles' weak earnings on AI investments is seen by some as a reality check ...
China Recognizes Imbalance, Promises Big Boost for Consumption
Beijing pledges stimulus to boost incomes and consumption in order to secure 5% growth for 2026.
China Resumes Talks with EU on Minimum EV Pricing Plan
China seeks to replace tariffs of up to 45.3% with a scheme to impose minimum prices on its EV exports to Europe.
China's ZTE May Pay $1 Billion on US Foreign Bribery Charges
The allegations were based on bribes to officials in South America and elsewhere to secure telecom contracts.
OpenAI Warns Its New Models Pose High Security Risk
The company behind ChatGPT has begun working with a team of cybersecurity defenders to counter security risks posed by the capabilities of its upcoming models.
Rate Cut Weakens Dollar, Likely Adding to Consumer Inflation
The rate cuts so vociferously demanded by Trump since his election will make imports costlier and add to the consumer's perception of runaway prices.
Wall Street Rallies Modestly on Fed's Quarter Point Rate Cut
An interest rate cut that had already been partially baked into stocks has sparked a modest confirmation rise in the stock indexes.
Alibaba, ByeDance Eager for H200 Chips
Nvidia has begun turning out a small quantity of H200 chips even as it has allocated most of its resources to producing the current generation ...
SpaceX 2026 IPO to Raise $25 Billion for $1 Trillion Valuation
Taking a second company public would put pressure on Elon Musk to commit to only one.
Nvidia H200 AI Chips Impact Chinese University Recruitment of Top Talent
China's top students seek out universities with the largest number of Nvidia H200 chips in order to receive training using fastest AI models.
S. Korea's Hanwha, US Vatn to Build Navy Underwater Drones
The submarine drones are conceived as a way to counter China's massive build up of naval vessels.
Amazon Announces $35 Billion Investment in India
The investment includes expansion of operations and strengthening of its AI capabilities.
Nvidia Develops Location Verification Tech for AI Chips
The technology could be activated by the chip's buyer to verify the location at which a chip is being used to address US smuggling concerns.
US Tariffs Drive Vietnam to Deepen Ties with China
Chinese firms are becoming aggressive in investing in Vietnam and sending record shipments of components in defiance of US efforts to induce Vietnam to decouple ...
China Factory Deflation Deepens While Consumer Inflation Highest in 21 Months
High food prices raised China's consumer inflation to a 21-month high but factory deflation deepened on weak domestic demand.
Samsung SDI Inks $1.36 Billion LFP Battery Deal with US Firm
The deal was made with an undisclosed energy infrastructure firm to provide LFP (Lithium Iron Phostate) batteries for energy storage on reduced demand for EVs.
US Military to Develop Small-Scale Refineries for Critical Minerals
Minerals like tungsten, boron, antimony trisulfide and rare earths are essential to make bullets, armor and other weaponry.
China Sovereign Wealth Fund Rose 30.4% in 2024
The net profit on China's $1.57 trillion in national investments assets totaled $140.64 billion.
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