Key Points: The United States economy has lost over 100,000 manufacturing jobs since last year. Whirlpool recently laid off workers at its historic Amana, Iowa, refrigerator plant. The company blames supply chain issues and supports President Trump's trade tariffs. Critics...
Key Points: Amazon founder Jeff Bezos is talking with investors to raise a massive $100 billion fund. The new fund will purchase traditional manufacturing companies and automate them using artificial intelligence. Bezos recently traveled to the Middle East to pitch the idea to sovereign wealth funds. The project is closely connected to his new AI startup, Project Prometheus, which recently raised billions. Jeff Bezos is...
Key Points: Xiaomi will invest at least 60 billion yuan ($8.7 billion) in AI. The investment will span over the next three years. Xiaomi announced its latest AI model, MiMo-V2-Pro. The company aims to enhance AI capabilities across its products. Xiaomi (1810.HK) is making a massive bet on artificial intelligence, with CEO Lei Jun announcing a commitment of at least 60 billion yuan ($8.70 billion)...
Key Points: Alibaba's net income dropped 66% year-over-year. Revenue missed analyst expectations, reaching 284.8 billion Chinese yuan. Heavy investments in AI, quick commerce, and user experience impacted operational income. Cloud business revenue grew 36%, with AI-related products showing triple-digit growth. Alibaba, the Chinese tech giant, saw its net income tumble by 66% year-over-year, missing analyst revenue expectations for the fiscal quarter ending December 31, 2025....
Key Points: Brent crude briefly crossed $119 per barrel after new attacks on Middle Eastern energy infrastructure. Israel struck Iran's...
Key Points: Samsung plans to invest over $73 billion in AI and semiconductors this year. The company aims to lead...
Key Points: Gold prices recovered slightly after a recent decline. Rising oil prices and Mideast conflict fuel inflation concerns. The...
Key Points: Apple's China smartphone sales increased by 23% in early 2026. The overall China smartphone market dropped by 4%...
Key Points: Elon Musk announced that SpaceX AI and Tesla will continue to order Nvidia chips at scale. This marks...
Key Points: New Zealand's economy expanded by a modest 0.2 percent in the fourth quarter. The growth fell short of...
Key Points: The European Central Bank will likely keep its main interest rate at 2.0% on Thursday. The ongoing US-Israel...
Key Points: The Federal Reserve kept its benchmark interest rate unchanged at 3.50%-3.75%. Fed Chair Jerome Powell warned that the...
Key Points: Samsung and AMD expanded their partnership for AI memory chip supplies. Samsung will provide HBM4 for AMD's next-gen...
Key Points: Alibaba is shifting its AI focus to "agents" that connect its various businesses. The new Alibaba Token Hub...
Key Points: Elon Musk is negotiating with the SEC to settle a lawsuit. The SEC accused Musk of violating securities...
Key Points: Brent crude holds steady above $103 a barrel, while West Texas Intermediate trades near $96. Iran confirmed the...
Key Points: The Trump administration claims its decision to blacklist Anthropic is completely legal and justified. Defense Secretary Pete Hegseth...
Key Points: US gas prices surged 26.9% to $3.72 per gallon following attacks on oil facilities in the Middle East....
Key Points: The Federal Reserve will likely keep interest rates between 3.5% and 3.75% at its meeting this Wednesday. The...
Key Points: Nvidia CEO Jensen Huang predicts the company will surpass $1 trillion in total sales. The original $1 trillion...
Key Points: OpenAI secures a deal to provide AI models to U.S. defense and government agencies. This partnership with Amazon's...
Key Points: Google is discussing buying liquid cooling equipment from Chinese firms like Envicool. Liquid cooling is crucial for AI...
Key Points: Samsung shares rose after Nvidia CEO confirmed AI chip production. Samsung's foundry division produces Nvidia's Groq LP30 AI...
Key Points: Amazon launched 1-hour and 3-hour delivery services in many US markets. This move aims to increase shopping frequency...
Key Points: Global chip wafer shortages will likely continue until at least 2030. Artificial intelligence requires massive amounts of high-bandwidth...
Key Points: Australian Trade Minister Don Farrell held a highly productive call with the EU Trade Commissioner. Negotiations previously collapsed...
Key Points: President Trump wants to delay his upcoming meeting with Xi Jinping until late April. Trump cited the ongoing...
Key Points: The largest Samsung union plans an 18-day strike starting May 21 if its demands are not met. Workers...
Key Points: The national average for a gallon of gas jumped to $3.71 on Monday. Americans are now spending $300...
Key Points: Gold prices bounced around the $5,000 mark as the war in the Middle East continued. The US-Israeli conflict...
Key Points: The UK government spent £377 million to fund British Steel over 9 months. The daily cost to keep...
Key Points: Syrah Resources and Tesla extended their deadline to resolve a contract dispute until June 1. This marks the...
Key Points: Top U.S. and Chinese economic officials held "remarkably stable" talks in Paris on Sunday. The two nations discussed...
Key Points: Nvidia kicks off its massive GTC 2026 event today in San Jose with a keynote from CEO Jensen...
Key Points: iFixit rated the new MacBook Neo a 6 out of 10 for overall repairability. Apple finally used screws...
Key Points: Iran warned the world to prepare for crude oil prices hitting $200 per barrel. Goldman Sachs predicts oil...
