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.
Business
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.
China to Favor Brazilian Soybeans Despite Some US Purchases
A bumper harvest lets Brazil sell at lower prices for soybeans with higher protein content, making more purchases of US soybeans unlikely in H1 unless ...
Softbank in Talks to Invest $30 Billion More in OpenAI
The new funding round would raise up to $100 billion for OpenAI at a valuation of $830 billion.
Stablecoins Could Deprive US Banks of $500 Billion by 2028
The loss of deposits due to the growing use of stablecoins could hit regional banks the hardest, reducing capital available for business and real estate ...
Crypto Money Laundering Hit $82 Billion in 2025
Chinese money-laundering networks make up the bulk of blockchain transactions calculated to obscure the trail of funds that users seek to hide from law enforcement ...
LVMH Q4 Earnings Beat Expectations on China Revival
Chinese customers account for nearly a third of LVMH fashion and leather sales which make up the bulk of its revenues.
Boeing Swung to Quarterly Profit in Q4 2025
Airliner deliveries hit 600 for 2025, the highest level since 2018, for a net profit of $375 million for the quarter albeit a loss of ...
US January Consumer Confidence Lowest Since 2014
High prices and a weak job market has caused consumer confidence to plunge 9.7% to 84.5, lowest since May 2014.
UPS to Cut 30,000 More Jobs
After cutting 48,000 jobs in 2025 as part of its turnaround plans, the delivery giant seeks to achieve $3 billion more in 2026 savings.
Meta, Corning Ink $6 Billion Deal for AI Data Center Fiber Optics
Corning shares have risen 84% in 2025 as demand for its fiber optics cables have surged from the competition to build AI data centers.
Synthetic Diamond Plant Figures in Japan's US Investment Plan
China's recent export controls on artificial diamonds prompted the US to seek synthetic diamond plants as part of Japan's commitment to invest $550 billion in ...
EV Firm Partners with BYD to Build Vietnam Battery Plant
Kim Long Motor is building a $130 million plant in central Vietnam with BYD's technical assistance.
Dollar Continues Slide After 9% Drop in 2025
Trump's erratic, whimsical policies combined with his increase in federal government spending continues to put heavy downward pressure on the dollar relative to a basket ...
Full EV Sales in EU Overtook ICE Engine Cars for First Time in December
Despite recent easing of the regulatory push toward fully electric vehicles, EVs are expected to continue gaining popularity around the world.
China Industrial Profits Rise for First Time in 5 Years
Industrial profits rose 0.6% in 2025 after Beijing mounted a campaign against price wars and excessive competition that had been decimating corporate earnings.
China's Anta Sports Buys Control of Puma
The purchase of Pinault family's 29.06% controlling share will be for 1.51 billion euros or $1.79 billion.
Trump Threatens to Raise Tariffs on S. Korea
Complaining that Seoul is taking too long to approve a trade deal negotiated last fall, Trump proclaimed a tariff increase from 15% to 25% on ...
US Profits Hit by Tariffs As Consumers Balk at Higher Prices
Major US companies are forced to keep lower margins to avoid losing customers complaining about tariff-related price increases.
VinFast Teams Up with Autobrains to Develop Low-Cost Robo-Car
The joint venture will adopt a system that will rely solely on cameras and visual AI, foregoing lidar, radar and hi-resolution maps.
Tether's Q4 Gold Buys Partly Behind Gold's Swift Rise
By buying 27 metric tons of gold in Q4 2025 Tether helped drive gold prices up past the $5,000 level.
AI Frenzy Reshaping US Economy
The frantic drive not to be left behind in the AI race is changing investment and employment patterns for a dramatic reshaping of the US ...
Bob's Discount Furniture Eyes $2.5 Billion IPO Valuation
The Connecticut-based home furnishings retailer seeks to ride an anticipated wave of 2026 IPOs after activity was damped last year by Trump tariffs.
Core Capital Goods Orders Post 5th Straight Monthly Gain
The AI buildout and aircraft orders more than offset a decline in manufacturing investments due to Trump tariff disruptions.
China Tries to Scare Citizens from Visiting Japan
As travel to Japan continues setting records, China cites crimes and earthquakes in attempt to dent Chinese visits in peeve over PM Sanae Takaichi's support ...
Tesla Investors Cling Desperately to Musk's Robotaxi Narrative
Despite Tesla's falling auto sales and plunging profits, along with many missed targets for robotaxi deployment, shareholders look for signs of reality behind Musk's software-based ...
India Slashes EU Auto Tariffs to 40%
An epochal trade pact to expand trade ties will eventually lower to 10% India's tariffs on European imports like BMW and Mercedes-Benz.
China Seeks to Upgrade Services Consumption As Key to Boosting Growth
Struggling with an economy over-invested in manufacturing, China seeks to raise services consumption to levels more appropriate to its developmental stage.
Gold Crosses $5,000 an Ounce on Historic Level of Disruptions
Both gold and silver have recently surged in price as safe havens from the kind of economic and geopolitical disruptions that were unimaginable prior to ...
China Yuan Hits New 32-Month High vs Dollar
China's central bank has been allowing a carefully controlled appreciation of the yuan albeit at a pace below market expectations.
Samsung Qualifies to Ship HBM4 Chips to Nvidia, AMD
Samsung recently passed HBM4 qualification tests for Nvidia and AMD, allowing it to join Korean rival SK Hynix in meeting high HBM demand for AI ...
How Solid Is Trump's Case Against JPMorgan Chase and Jamie Dimon?
Trump would have to show that the bank had dumped him purely for his political views while Chase could win by showing that Trump has ...
Erratic Economic Policy Puts Trump at Odds with Big Banks
Despite massive deregulation that benefits the nation's major lenders, the sheer randomness of Trump fiat with credit-card interest, fintech and crypto currencies has the financial ...
Trump Threatens Canada with 100% Tariffs for Pending China Deal
Being called out for bullying by Canadian PM Mark Carney to standing ovation has made Trump step up his offensive rhetoric against our northern neighbor ...
China Buys More Russian Oil As India, Turkey Cut Back
China delivery of Russian oil rose from 1.1 million barrels per day in December to 1.5 million in January as EU banned fuels produced from ...
US Consumer Sentiment Improves in January
The Consumer Sentiment Index improved to 56.4 from 52.9 in December despite continuing concerns about high prices and jobs.
Is Starlink's Airline WiFi Access Necessary?
Airline WiFi service is increasingly seen as essential among long-haul carriers, especially those serving US passengers.
China's Chery Buys S. Africa Plant from Locally Struggling Nissan
Facing stiff competition in South Africa from Toyota, Ford and Isuzu, Nissan plans to sell its Rosslyn pickup truck plant to one of China's top ...
China Gets Stiffed on Tens of Billions As US Grabs Tankers
Diverting Venezuela's crude oil tankers effectively terminates debt service on tens of billions of dollars loaned by China.
Deal Finalized for US Firm to Control TikTok's US Data
The deal allows TikTok to avoid shutdown by turning over its US data to a joint-venture controlled 80.1% by a US consortium and 19.9% by ...
S. Korean Shipbuilder Hopes to Create 200,000 Canadian Jobs
Shortlisted for a $12 billion deal to build a fleet of new submarines, Hanwha plans broad-based investments across Canadian industry through 2040.
Intel Struggles with High Chip Demand, Sending Shares Sliding
CEO Lip-Bu Tan's turnaround strategy produced a 40% share value jump but now faces backlash as new chip manufacturing processes are slow to improve yield ...
General Fusion to IPO with $1 Billion SPAC Deal
The Canadian developer of magnetized target fusion expects to debut on Nasdaq mid-2026 under the ticker GFUZ.
Airlines Face High Cost, Delays in Getting New Engines
Tariffs are among the reasons airlines are struggling with high costs and long delays in getting new engines installed on aging fleets as they await ...
Geely Eyes Global Top-5 Auto Spot by 2030
The Chinese parent of Volvo and Polestar, as well as domestic auto brands Geely and Zeekr, projects global sales of over 6.5 million units by ...
China's Rural Banks Struggle to Sell Foreclosed Properties at Steep Discount
A steep downturn in China's housing market has made buyers shun apartments even at a 30+% discount off original sale prices.
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.
China to Favor Brazilian Soybeans Despite Some US Purchases
A bumper harvest lets Brazil sell at lower prices for soybeans with higher protein content, making more purchases of US soybeans unlikely in H1 unless ...
Softbank in Talks to Invest $30 Billion More in OpenAI
The new funding round would raise up to $100 billion for OpenAI at a valuation of $830 billion.
Stablecoins Could Deprive US Banks of $500 Billion by 2028
The loss of deposits due to the growing use of stablecoins could hit regional banks the hardest, reducing capital available for business and real estate ...
Crypto Money Laundering Hit $82 Billion in 2025
Chinese money-laundering networks make up the bulk of blockchain transactions calculated to obscure the trail of funds that users seek to hide from law enforcement ...
LVMH Q4 Earnings Beat Expectations on China Revival
Chinese customers account for nearly a third of LVMH fashion and leather sales which make up the bulk of its revenues.
Boeing Swung to Quarterly Profit in Q4 2025
Airliner deliveries hit 600 for 2025, the highest level since 2018, for a net profit of $375 million for the quarter albeit a loss of ...
US January Consumer Confidence Lowest Since 2014
High prices and a weak job market has caused consumer confidence to plunge 9.7% to 84.5, lowest since May 2014.
UPS to Cut 30,000 More Jobs
After cutting 48,000 jobs in 2025 as part of its turnaround plans, the delivery giant seeks to achieve $3 billion more in 2026 savings.
Meta, Corning Ink $6 Billion Deal for AI Data Center Fiber Optics
Corning shares have risen 84% in 2025 as demand for its fiber optics cables have surged from the competition to build AI data centers.
Synthetic Diamond Plant Figures in Japan's US Investment Plan
China's recent export controls on artificial diamonds prompted the US to seek synthetic diamond plants as part of Japan's commitment to invest $550 billion in ...
EV Firm Partners with BYD to Build Vietnam Battery Plant
Kim Long Motor is building a $130 million plant in central Vietnam with BYD's technical assistance.
Dollar Continues Slide After 9% Drop in 2025
Trump's erratic, whimsical policies combined with his increase in federal government spending continues to put heavy downward pressure on the dollar relative to a basket ...
Full EV Sales in EU Overtook ICE Engine Cars for First Time in December
Despite recent easing of the regulatory push toward fully electric vehicles, EVs are expected to continue gaining popularity around the world.
China Industrial Profits Rise for First Time in 5 Years
Industrial profits rose 0.6% in 2025 after Beijing mounted a campaign against price wars and excessive competition that had been decimating corporate earnings.
China's Anta Sports Buys Control of Puma
The purchase of Pinault family's 29.06% controlling share will be for 1.51 billion euros or $1.79 billion.
Trump Threatens to Raise Tariffs on S. Korea
Complaining that Seoul is taking too long to approve a trade deal negotiated last fall, Trump proclaimed a tariff increase from 15% to 25% on ...
US Profits Hit by Tariffs As Consumers Balk at Higher Prices
Major US companies are forced to keep lower margins to avoid losing customers complaining about tariff-related price increases.
VinFast Teams Up with Autobrains to Develop Low-Cost Robo-Car
The joint venture will adopt a system that will rely solely on cameras and visual AI, foregoing lidar, radar and hi-resolution maps.
Tether's Q4 Gold Buys Partly Behind Gold's Swift Rise
By buying 27 metric tons of gold in Q4 2025 Tether helped drive gold prices up past the $5,000 level.
AI Frenzy Reshaping US Economy
The frantic drive not to be left behind in the AI race is changing investment and employment patterns for a dramatic reshaping of the US ...
Bob's Discount Furniture Eyes $2.5 Billion IPO Valuation
The Connecticut-based home furnishings retailer seeks to ride an anticipated wave of 2026 IPOs after activity was damped last year by Trump tariffs.
Core Capital Goods Orders Post 5th Straight Monthly Gain
The AI buildout and aircraft orders more than offset a decline in manufacturing investments due to Trump tariff disruptions.
China Tries to Scare Citizens from Visiting Japan
As travel to Japan continues setting records, China cites crimes and earthquakes in attempt to dent Chinese visits in peeve over PM Sanae Takaichi's support ...
Tesla Investors Cling Desperately to Musk's Robotaxi Narrative
Despite Tesla's falling auto sales and plunging profits, along with many missed targets for robotaxi deployment, shareholders look for signs of reality behind Musk's software-based ...
India Slashes EU Auto Tariffs to 40%
An epochal trade pact to expand trade ties will eventually lower to 10% India's tariffs on European imports like BMW and Mercedes-Benz.
China Seeks to Upgrade Services Consumption As Key to Boosting Growth
Struggling with an economy over-invested in manufacturing, China seeks to raise services consumption to levels more appropriate to its developmental stage.
Gold Crosses $5,000 an Ounce on Historic Level of Disruptions
Both gold and silver have recently surged in price as safe havens from the kind of economic and geopolitical disruptions that were unimaginable prior to ...
China Yuan Hits New 32-Month High vs Dollar
China's central bank has been allowing a carefully controlled appreciation of the yuan albeit at a pace below market expectations.
Samsung Qualifies to Ship HBM4 Chips to Nvidia, AMD
Samsung recently passed HBM4 qualification tests for Nvidia and AMD, allowing it to join Korean rival SK Hynix in meeting high HBM demand for AI ...
How Solid Is Trump's Case Against JPMorgan Chase and Jamie Dimon?
Trump would have to show that the bank had dumped him purely for his political views while Chase could win by showing that Trump has ...
Erratic Economic Policy Puts Trump at Odds with Big Banks
Despite massive deregulation that benefits the nation's major lenders, the sheer randomness of Trump fiat with credit-card interest, fintech and crypto currencies has the financial ...
Trump Threatens Canada with 100% Tariffs for Pending China Deal
Being called out for bullying by Canadian PM Mark Carney to standing ovation has made Trump step up his offensive rhetoric against our northern neighbor ...
China Buys More Russian Oil As India, Turkey Cut Back
China delivery of Russian oil rose from 1.1 million barrels per day in December to 1.5 million in January as EU banned fuels produced from ...
US Consumer Sentiment Improves in January
The Consumer Sentiment Index improved to 56.4 from 52.9 in December despite continuing concerns about high prices and jobs.
Is Starlink's Airline WiFi Access Necessary?
Airline WiFi service is increasingly seen as essential among long-haul carriers, especially those serving US passengers.
China's Chery Buys S. Africa Plant from Locally Struggling Nissan
Facing stiff competition in South Africa from Toyota, Ford and Isuzu, Nissan plans to sell its Rosslyn pickup truck plant to one of China's top ...
China Gets Stiffed on Tens of Billions As US Grabs Tankers
Diverting Venezuela's crude oil tankers effectively terminates debt service on tens of billions of dollars loaned by China.
Deal Finalized for US Firm to Control TikTok's US Data
The deal allows TikTok to avoid shutdown by turning over its US data to a joint-venture controlled 80.1% by a US consortium and 19.9% by ...
S. Korean Shipbuilder Hopes to Create 200,000 Canadian Jobs
Shortlisted for a $12 billion deal to build a fleet of new submarines, Hanwha plans broad-based investments across Canadian industry through 2040.
Intel Struggles with High Chip Demand, Sending Shares Sliding
CEO Lip-Bu Tan's turnaround strategy produced a 40% share value jump but now faces backlash as new chip manufacturing processes are slow to improve yield ...
General Fusion to IPO with $1 Billion SPAC Deal
The Canadian developer of magnetized target fusion expects to debut on Nasdaq mid-2026 under the ticker GFUZ.
Airlines Face High Cost, Delays in Getting New Engines
Tariffs are among the reasons airlines are struggling with high costs and long delays in getting new engines installed on aging fleets as they await ...
Geely Eyes Global Top-5 Auto Spot by 2030
The Chinese parent of Volvo and Polestar, as well as domestic auto brands Geely and Zeekr, projects global sales of over 6.5 million units by ...
China's Rural Banks Struggle to Sell Foreclosed Properties at Steep Discount
A steep downturn in China's housing market has made buyers shun apartments even at a 30+% discount off original sale prices.
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