Pony.ai Wins Permit for First Citywide Driverless Delivery
The city of Shenzhen will soon experience the world's first driverless delivery service.
Business
China Factory Activity Shrank for 7th Month
The Purchasing Manager Index (PMI) fell to a 6-month low of 49.0 in October from 49.8 in September.
Weekly Jobless Claims Fell Last Week
Estimates based on data collected from most states suggest unemployment claims fell to 219,000, a drop from the prior week's 232,000.
Transfer of US TikTok Approved by China Says Bessent
The deal to sell control of US operations of the popular short video app from Chinese owner Bytedance to a US consortium has been long ...
Nvidia's Blackwell Chip Not Discussed at Busan Summit
Trump decided not to broach the potentially thorny subject of allowing exports of a version of Nvidia's current-generation GPU for AI data centers.
Esteé Lauder Results Confirm China Luxury Revival
Strong sales growth in China and Asia suggests the slump is over for luxury brands like Lauder, Hermes and LVMH.
China Takes 3 Soybean Cargoes Ahead of Talks
China's resumption in buying US soybeans is expected to be limited due to large purchases from South America which are preferred for their higher protein ...
EV Lull Prompts More Hybrids, Cheaper Models
The end of US $7,500 tax credits for EVs has prompted carmakers to offer more full hybrids and cheaper EV models.
Nvidia Goes from $4 Trillion to $5 Trillion in 78 Days
The unparalleled rise in the valuation of the world's most valuable company owes to a combination of Jensen Huang's strategy to keep Nvidia central to ...
Hyundai Cheers Trade Deal
The deal finalized Wednesday would lower tariffs on S. Korean exports to 15% from the current 25% in exchange for $350 billion in US investments.
China Block on Nexperia Chip Shipments Hobble Global Carmakers
After Netherlands seized control of Nexperia's Dutch operations, its Chinese parent Wingtech has prevented chip shipments disrupting production for Honda, Mercedes and other carmakers.
China to Phase Out EV Industry Subsidies
The massive subsidies of the past decade that helped build the world's most competitive EV industry will be shifted to boost other industries.
Nvidia's Blackwell Chips Teased for Trump Talks with Xi
Trump teased the possibility of allowing sales of Nvidia's state-of-the-art Blackwell AI chips to China as a topic of Thursday talks with Xi.
Trump Media's Truth Social Enters Prediction Market
The Trump family seeks to capitalize on a fast-growing multi-million dollar industry in which the outcome of many predictions are likely to turn on Trump's ...
Lucid to Launch Self-Driving EV with Nvidia AI System
The upscale EV-maker will use cameras, radar and lidar paired with an AI system from Nvidia to release a level-4 self-driving in 2026.
Nvidia to Build 7 Supercomputers for Nuclear Arsenal
Jensen Huang announced a deal to build AI supercomputers to be used to develop US nuclear weapons arsenal, and noted Nvidia has $500 billion in ...
Nikesh Arora's Palo Alto Launches AI-Powered Cybersecurity Platform
Palo Alto's updates of cloud security platform Cortex Cloud and AI application security platform Prisma AIRS is designed to detect vulnerabilities in AI systems resulting ...
SK Group Head Sees Chip Bottleneck from AI Boom
Chips and other key supplies can't keep pace with demand from the boom in AI data center construction around the world, according to a key ...
US Tightens Restrictions on Chinese Telecom Gear
The FCC tightened barriers to the deployment of telecommunications equipment from Huawei, ZTE, China Mobile and China Telecom as Trump prepares to meet with Xi ...
Qualcomm Invades Nvidia's AI Chip Territory
The chipmaker long focused on smartphones and PCs hopes to erode the dominance of Nvidia's GPUs by entering inference niches where cost and energy use ...
Meta Shifts Vishal Shah to Head Up AI Products
As part of Meta's massive personnel restructuring effort, Shah has been shifted from his 4-year stint as head of Metaverse, the company's virtual reality division.
AMD to Build 2 Supercomputers for DOE Fusion Power Quest
The Department of Energy has selected AMD for a $1 billion project to develop Lux and Discovery supercomputers to harness AI to develop nuclear fusion ...
US Rare Earths Slump on Hope of China Trade Deal
Nascent US rare-earth mining and refining companies suffer a big drop in share prices as the world's awaits the outcome of upcoming Seoul talks between ...
Google Data Center Demand to Restart Iowa Nuclear Plant
NextEra Energy and Google signed a deal that would ensure sufficient demand to restart am Iowa nuclear power plant shut down five years ago.
India 2025 GDP Growth Revised Up to 6.7%
Despite the current 50% US tariff, an expected central bank interest rate cut is projected to help the Indian economy pick up speed.
First Yen-Pegged Stablecoin Launched
A yen-pegged stablecoin issued by startup JPYC may help loosen the firm grip that cash and credit cards have over Japanese consumer transactions.
Consumer Divide Widens Due to Tariffs
The gulf between affluent and low-income consumers continues widening under distortions caused by tariffs and migrant deportations.
P&G Finds Winning Strategy Amid Consumer Divergence
P&G beats estimates by navigating a bifurcated economy in which the rich want big-package deals while the poor want smaller packages.
Cooling Consumer Inflation Paves Way for Rate Cut
The CPI increased 0.3% in September after a 0.4% rise in August according to Friday's US Labor Department report issued despite the shutdown to help ...
P&G Beats on Strong Demand for Beauty, Haircare
The world's top maker of home and personal care products beat Wall Street estimates on both revenues and profits despite higher prices and weakening consumer ...
Quadrupling of Argentina Beef Imports Angers US Ranchers
Trump's efforts to lower beef prices and prop up the Argentinian government feels like a betrayal to US ranchers who mostly supported his election.
China Pledges Significant Rise in Consumption
The next five year plan for China's central government envisions investing to improve personal incomes and boosting household consumption as a percentage of GDP.
Volvo Cars Q3 Profits Quadruple Forecasts
Despite tariffs and intense competition Volvo quadrupled profit forecasts with aggressive cost-cutting measures and strong hybrid sales.
Anthropic Spends Tens of Billions on Google AI Chips
Anthropic's high growth rate for enterprise AI services justify spending tens of billions of dollars to increase processing capacity.
Jobless Claims Continue Rising, Layoffs Stay Low
Despite lack of Labor Department data those available from most states hint at economic uncertainty amid disruption from tariffs and the government shutdown.
Tesla Bets New Models Don't Matter
The paucity of new models since the 2017 launch of the Model 3 sedan exposes Tesla's calculation that the promise of new technologies matters more ...
S. Korea Posts Modest Q3 GDP Gain
Strong chip demand and reviving consumer sentiment helped produce a 1.5% year-over-year growth despite headwinds from tariffs and fallout from US-China trade war.
Nexperia Resumes Supplying Chips to China Distributors
The China-based unit of automotive chipmaker Nexperia seeks to operate independently by requiring sales to be settled in yuan and limited to local distributors after ...
Tata Technologies to Hire More Locally in US
Trump's immigration restrictions and new $100,000 H-1B visa fees pressure Tata Technologies to hire more of its 12,000 global tech services workers from the US.
US in Talks for Stakes in Quantum Computing Firms
IonQ, Rigetti Computing and D-Wave Quantum are among firms in talks with White House officials under Trump's bid to mimic China's model of state support ...
Volkswagen Warns Workers of Stoppages on Nexperia Chip Crisis
When the Dutch government seized control of Chinese-owned Dutch chipmaker Nexperia, essential chip supplies for many global carmakers fell into doubt.
Uber Goes Green with EV Push
"Uber Green" service is unveiled along with a program to pay drivers $4,000 grants to buy a new or used EV in major liberal states.
Labubu Resale Prices Plunge on Sharp Supply Increase
Pop Mart increased production tenfold in 2025 to meet apparently insatiable demand for the cute-ugly collectibles.
China Retakes Top Spot Among Germany's Trading Partner
Trump tariffs cut German exports to the US by 7.4%, costing the US its longstanding place as Germany's top trading partner.
Takaichi Plan to Cheapen Yen Boosts Dollar
Japan's new prime ministers has signaled a willingness to let inflation rise in a bid to stimulate an ailing economy, strengthening the dollar.
Low Yen, Asia Demand Drive First Japan Export Growth in 5 Months
US tariff impact was more than offset by a weak yen that helped exports to China and the rest of Asia jump in September.
GM Shares Surge on 2025 Profits Revision
The leading US carmaker raised its profit guidance on continuing strong demand for cars and anticipated 3.75% tax credits for US-manufactured engines and cars to ...
RTX Raises 2025 Forecast on Demand for Patriot Missiles
Despite a large hit from tariffs, the defense giant is seeing a big increase in demand for missile defense systems and aftermarket services.
Northrop Boosts 2025 Profit Forecast
Despite a downward sales revision on supply-chain fallouts from Trump's trade war, the defense giant raised its profit forecast for the second straight quarter.
Carmakers Scramble Ahead of China's Rare Earth Deadline
The threat of new Chinese export controls beginning November 8 puts carmakers at risk of having to shut down assembly lines unless they can secure ...
Pony.ai Wins Permit for First Citywide Driverless Delivery
The city of Shenzhen will soon experience the world's first driverless delivery service.
China Factory Activity Shrank for 7th Month
The Purchasing Manager Index (PMI) fell to a 6-month low of 49.0 in October from 49.8 in September.
Weekly Jobless Claims Fell Last Week
Estimates based on data collected from most states suggest unemployment claims fell to 219,000, a drop from the prior week's 232,000.
Transfer of US TikTok Approved by China Says Bessent
The deal to sell control of US operations of the popular short video app from Chinese owner Bytedance to a US consortium has been long ...
Nvidia's Blackwell Chip Not Discussed at Busan Summit
Trump decided not to broach the potentially thorny subject of allowing exports of a version of Nvidia's current-generation GPU for AI data centers.
Esteé Lauder Results Confirm China Luxury Revival
Strong sales growth in China and Asia suggests the slump is over for luxury brands like Lauder, Hermes and LVMH.
China Takes 3 Soybean Cargoes Ahead of Talks
China's resumption in buying US soybeans is expected to be limited due to large purchases from South America which are preferred for their higher protein ...
EV Lull Prompts More Hybrids, Cheaper Models
The end of US $7,500 tax credits for EVs has prompted carmakers to offer more full hybrids and cheaper EV models.
Nvidia Goes from $4 Trillion to $5 Trillion in 78 Days
The unparalleled rise in the valuation of the world's most valuable company owes to a combination of Jensen Huang's strategy to keep Nvidia central to ...
Hyundai Cheers Trade Deal
The deal finalized Wednesday would lower tariffs on S. Korean exports to 15% from the current 25% in exchange for $350 billion in US investments.
China Block on Nexperia Chip Shipments Hobble Global Carmakers
After Netherlands seized control of Nexperia's Dutch operations, its Chinese parent Wingtech has prevented chip shipments disrupting production for Honda, Mercedes and other carmakers.
China to Phase Out EV Industry Subsidies
The massive subsidies of the past decade that helped build the world's most competitive EV industry will be shifted to boost other industries.
Nvidia's Blackwell Chips Teased for Trump Talks with Xi
Trump teased the possibility of allowing sales of Nvidia's state-of-the-art Blackwell AI chips to China as a topic of Thursday talks with Xi.
Trump Media's Truth Social Enters Prediction Market
The Trump family seeks to capitalize on a fast-growing multi-million dollar industry in which the outcome of many predictions are likely to turn on Trump's ...
Lucid to Launch Self-Driving EV with Nvidia AI System
The upscale EV-maker will use cameras, radar and lidar paired with an AI system from Nvidia to release a level-4 self-driving in 2026.
Nvidia to Build 7 Supercomputers for Nuclear Arsenal
Jensen Huang announced a deal to build AI supercomputers to be used to develop US nuclear weapons arsenal, and noted Nvidia has $500 billion in ...
Nikesh Arora's Palo Alto Launches AI-Powered Cybersecurity Platform
Palo Alto's updates of cloud security platform Cortex Cloud and AI application security platform Prisma AIRS is designed to detect vulnerabilities in AI systems resulting ...
SK Group Head Sees Chip Bottleneck from AI Boom
Chips and other key supplies can't keep pace with demand from the boom in AI data center construction around the world, according to a key ...
US Tightens Restrictions on Chinese Telecom Gear
The FCC tightened barriers to the deployment of telecommunications equipment from Huawei, ZTE, China Mobile and China Telecom as Trump prepares to meet with Xi ...
Qualcomm Invades Nvidia's AI Chip Territory
The chipmaker long focused on smartphones and PCs hopes to erode the dominance of Nvidia's GPUs by entering inference niches where cost and energy use ...
Meta Shifts Vishal Shah to Head Up AI Products
As part of Meta's massive personnel restructuring effort, Shah has been shifted from his 4-year stint as head of Metaverse, the company's virtual reality division.
AMD to Build 2 Supercomputers for DOE Fusion Power Quest
The Department of Energy has selected AMD for a $1 billion project to develop Lux and Discovery supercomputers to harness AI to develop nuclear fusion ...
US Rare Earths Slump on Hope of China Trade Deal
Nascent US rare-earth mining and refining companies suffer a big drop in share prices as the world's awaits the outcome of upcoming Seoul talks between ...
Google Data Center Demand to Restart Iowa Nuclear Plant
NextEra Energy and Google signed a deal that would ensure sufficient demand to restart am Iowa nuclear power plant shut down five years ago.
India 2025 GDP Growth Revised Up to 6.7%
Despite the current 50% US tariff, an expected central bank interest rate cut is projected to help the Indian economy pick up speed.
First Yen-Pegged Stablecoin Launched
A yen-pegged stablecoin issued by startup JPYC may help loosen the firm grip that cash and credit cards have over Japanese consumer transactions.
Consumer Divide Widens Due to Tariffs
The gulf between affluent and low-income consumers continues widening under distortions caused by tariffs and migrant deportations.
P&G Finds Winning Strategy Amid Consumer Divergence
P&G beats estimates by navigating a bifurcated economy in which the rich want big-package deals while the poor want smaller packages.
Cooling Consumer Inflation Paves Way for Rate Cut
The CPI increased 0.3% in September after a 0.4% rise in August according to Friday's US Labor Department report issued despite the shutdown to help ...
P&G Beats on Strong Demand for Beauty, Haircare
The world's top maker of home and personal care products beat Wall Street estimates on both revenues and profits despite higher prices and weakening consumer ...
Quadrupling of Argentina Beef Imports Angers US Ranchers
Trump's efforts to lower beef prices and prop up the Argentinian government feels like a betrayal to US ranchers who mostly supported his election.
China Pledges Significant Rise in Consumption
The next five year plan for China's central government envisions investing to improve personal incomes and boosting household consumption as a percentage of GDP.
Volvo Cars Q3 Profits Quadruple Forecasts
Despite tariffs and intense competition Volvo quadrupled profit forecasts with aggressive cost-cutting measures and strong hybrid sales.
Anthropic Spends Tens of Billions on Google AI Chips
Anthropic's high growth rate for enterprise AI services justify spending tens of billions of dollars to increase processing capacity.
Jobless Claims Continue Rising, Layoffs Stay Low
Despite lack of Labor Department data those available from most states hint at economic uncertainty amid disruption from tariffs and the government shutdown.
Tesla Bets New Models Don't Matter
The paucity of new models since the 2017 launch of the Model 3 sedan exposes Tesla's calculation that the promise of new technologies matters more ...
S. Korea Posts Modest Q3 GDP Gain
Strong chip demand and reviving consumer sentiment helped produce a 1.5% year-over-year growth despite headwinds from tariffs and fallout from US-China trade war.
Nexperia Resumes Supplying Chips to China Distributors
The China-based unit of automotive chipmaker Nexperia seeks to operate independently by requiring sales to be settled in yuan and limited to local distributors after ...
Tata Technologies to Hire More Locally in US
Trump's immigration restrictions and new $100,000 H-1B visa fees pressure Tata Technologies to hire more of its 12,000 global tech services workers from the US.
US in Talks for Stakes in Quantum Computing Firms
IonQ, Rigetti Computing and D-Wave Quantum are among firms in talks with White House officials under Trump's bid to mimic China's model of state support ...
Volkswagen Warns Workers of Stoppages on Nexperia Chip Crisis
When the Dutch government seized control of Chinese-owned Dutch chipmaker Nexperia, essential chip supplies for many global carmakers fell into doubt.
Uber Goes Green with EV Push
"Uber Green" service is unveiled along with a program to pay drivers $4,000 grants to buy a new or used EV in major liberal states.
Labubu Resale Prices Plunge on Sharp Supply Increase
Pop Mart increased production tenfold in 2025 to meet apparently insatiable demand for the cute-ugly collectibles.
China Retakes Top Spot Among Germany's Trading Partner
Trump tariffs cut German exports to the US by 7.4%, costing the US its longstanding place as Germany's top trading partner.
Takaichi Plan to Cheapen Yen Boosts Dollar
Japan's new prime ministers has signaled a willingness to let inflation rise in a bid to stimulate an ailing economy, strengthening the dollar.
Low Yen, Asia Demand Drive First Japan Export Growth in 5 Months
US tariff impact was more than offset by a weak yen that helped exports to China and the rest of Asia jump in September.
GM Shares Surge on 2025 Profits Revision
The leading US carmaker raised its profit guidance on continuing strong demand for cars and anticipated 3.75% tax credits for US-manufactured engines and cars to ...
RTX Raises 2025 Forecast on Demand for Patriot Missiles
Despite a large hit from tariffs, the defense giant is seeing a big increase in demand for missile defense systems and aftermarket services.
Northrop Boosts 2025 Profit Forecast
Despite a downward sales revision on supply-chain fallouts from Trump's trade war, the defense giant raised its profit forecast for the second straight quarter.
Carmakers Scramble Ahead of China's Rare Earth Deadline
The threat of new Chinese export controls beginning November 8 puts carmakers at risk of having to shut down assembly lines unless they can secure ...
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