Sony to Hike PlayStation 5 Prices Again on Surge in Memory Chip Costs
Sony Group is raising its US console price by $100 in its second hike in less than a year as scarce memory chips drive up ...
Business
BYD Posts First Annual Profit Decline in Over 4 Years
China's biggest electric vehicle maker was hurt by weak sales in its home market amid fierce EV competition.
SoftBank Secures $40 Billion Loan for More OpenAI Investments
Masayoshi Son's SoftBank Group will use the bridge loan to bolster its OpenAI investments as it continues to go all-in on the AI boom.
Huawei's AI Chip Earns Credibility with ByteDance, Alibaba Orders
The new 950PR chip challenge Nvidia in the China market as tech giants ByteDance and Alibaba plan to use it for their data center buildouts.
China's Top Chipmaker Supplied Chipmaking Tech to Iran Military, Says US
SMIC sent chipmaking tools to Iran's military, according to two senior Trump administration officials, raising questions about Beijing's stance in the month-old U.S.-Israeli conflict with ...
Oil Prices Head for Steepest Weekly Fall in 6 Months
Talk of a possible peace negotiations put oil prices on track Friday for an average of 1% drop for the week.
China's Industrial Profits Jumped in First Two Months
A 15.2% jump during the first two months was a far cry from the 0.6% growth throughout all of 2025, suggesting that China was emerging ...
Despite Volatility Korean Day Traders Keep Buying KOSPI After Its Recent Doubling
KOSPI's doubling in value during the six months preceding February 27 gives day traders reason to stick with it through recent turbulence.
Asia's Manufacturers Hit Hardest by Mideast Conflict
S. Korea, Japan, China and India are feeling the pain of crimped petroleum-based supply chains in everything from toys to cosmetics to food and beverages.
US Job Market Remains in Low-Hire, Low-Fire Mode
Initial jobless claims rose modestly to 210,000 for the week ended March 21, in line with economist forecasts.
Geely Seeks Tieups with Mercedes-Benz, Ford to Double Europe Footprint by 2027
China's number two carmaker aims to join the global top five by 2030 with total sales of over 6.5 million cars, of which a third ...
Pony.ai to Double Global Robotaxi Fleet As Fare Revenues Jump Sixfold
The firm logged its first-ever quarterly profits and is seen as a leader in the global robotaxi race which is increasingly favoring Chinese firms like ...
Plastics Prices Soar on Loss of Mideast Petrochemical Shipments
Japan, S. Korea and India are among the Asian nations hit hardest by the loss of up to 50% of polyethylene and naphtha supplies.
Meta Begins Laying Off Up to 20% of Workforce to Focus on AI
This week's job cuts are to the Reality Labs division, social media teams and recruiting operations.
Helium Shipment Disruption Begins Impacting Chip Production
A third of the gas used in various stages of chipmaking comes from Qatar and has been unable to pass the Strait of Hormuz.
Import Prices Surged Most in 4 Years Even Before Oil Surge
Import prices jumped 1.3% on month in February after a 0.6% surge in January even before the actual Iran conflict caused oil prices to surge ...
SpaceX to File IPO Prospectus This Week
Elon Musk's satellite communications and space-launch firm will seek to raise about $75 billion in what is expected to be the biggest IPO in history.
US CFOs Had Projected Solid 2026 Growth Until Iran Happened
Despite anticipated price increases due to tariffs, most surveyed chief financial officers had expected revenues and hiring growth.
Sony Honda Mobility Scraps Afeela EV, Prospective Buyers to Get Refunds
Honda's $15.7 billion pullback from EV plans is the latest legacy firm to feel the impact of Trump's rollback of EV tax credits.
China's Chipmaking Capacity Strained by Accelerating AI Boom
Faster than expected demand growth is forcing China's chipmakers to invest heavily in rapid capacity expansion, straining supply chains.
SK Hynix Files for US Listing to Raise Up to $14 Billion
The South Korean chipmaker plans to use funds from the sale of up to 3% of its share to help finance new memory chip factories ...
Japan's Cherry Blossom Picnics Pinched by 25% Food Inflation Since 2020
The annual cultural event for most Japanese involve tarps, lunch boxes, sweet red bean buns and drinks—all of which are far more costly due to ...
SK Hynix Places Record $8 Billion Order for ASML EUV Lithography Tools
The latest order from the Korean chipmaker adds to Dutch firm ASML's $38 billion worth of backlogged orders as of end of 2025.
TSMC Capacity a Major Bottleneck for AI Buildout Says Broadcom
In addition to chipmaking capacity, the AI boom is coming up against bottlenecks in lasers, printed circuit boards and PCB used in optical transceivers which ...
Zoox to Expand Robotaxi Service into San Francisco and Las Vegas
Amazon's self-driving unit looks to close the gap with Waymo by starting up in Austin and Miami with rides for employees, their families and friends ...
NYSE Partners with Securitize to Develop Tokenized Securities Platform
NYSE-affiliated Digital Trading Platform will allow Securitize to serve as the world's first digital transfer agent to create blockchain-based securities for corporate and exchange-traded funds.
S. Korea Calls for Nationwide Campaign to Conserve Fuel
For now the curbs on driving would be voluntary but could become mandatory on sustained shortfalls in oil shipments.
Vietnam Airlines Cancels Flights Due to Jet Fuel Shortage
Flight cancellations are likely to spread across southeast Asia if the Iran conflict continues to prevent oil shipments through the Strait of Hormuz.
Alibaba's 5-nm Agentic AI Chip Unveiled As World's Most Powerful RISC-VCPU
The new 3.2 GHz XuanTie C950 server chip, which is three times faster than its predecessor, the XuanTie C920, was made at an undisclosed fab.
Demand Builds for Affordable Chinese EVs Among American Carbuyers
US consumers are drawn to the low prices and wealth of features offered by EVs from Geely, BYD, Xiaomi and others but are stymied by ...
OpenAI Bumps Up Minimum Return to 17.5% in Competition with Anthropic for Private Equity
The competition for fresh capital heats up as top AI firms rush to create and meet demand for enterprise AI products.
Alphabet's Wing to Begin Drone Deliveries in San Francisco Bay Area
Wing promises to deliver groceries and other household items within 30 minutes.
SpaceX, Tesla to Build AI Chip Factories in Austin
Terafab will be two separate fabs, one making chips for humanoid robots and robotaxis and the other for space-based AI data centers.
Tencent Debuts ClawBot to Take on Agentic AI from Alibaba, Baidu
China is entering the rush to combine AI with OpenClaw to build automated tasking apps at a more accelerated pace than the US.
China Pledges More Balanced Trade After Record $1.2 Trillion Surplus
The pledge comes as Beijing considers how best to stimulate domestic consumption as a key economic growth engine to achieve balanced prosperity.
OpenAI to Double Workforce to 8,000 by End of 2026
The AI leader's new hires will span product development, engineering, research and sales, providing a counterpoint to the dread of AI-based job cuts.
United Cuts 5% of Flights, Plans for $175 per Barrel Oil
United plans for oil to stay above $100 per barrel through end of 2027 and raises fares.
Softbank, AEP to Build Massive Ohio Gas Power Plant, Data Center
SB Energy plans to link a 9.2-GW gas plant to the local grid to power a 10-GW AI data center to be built on federal ...
China Rare-Earth Exports Rise Globally but Plunge to US
An 8.2% global rise during the first two months of 2026 contrasted with a 22.5% plunge in exports to the US.
Bezos Fires Up New Smartphone Launch Despite Earlier Flop
The "Transformer" phone would be a voice-controlled computing assistant with convenient shopping features.
Xpeng Launches EVs in Mexico, Aims to Double Overseas Sales in 2026
Xpeng is one of a handful of Chinese EV brands that have achieved the break-even milestone.
Tesla to Buy $2.9 Billion Worth of Chinese Solar-Panel Production Equipment
In keeping with Elon Musk's assertion that solar power could meet all US electricity needs, Tesla plans to manufacture 100 GW of solar panels in ...
OpenAI to Combine ChatGPT, Codex and Browser into One Superapp
The move is designed to simplify the company's efforts in keeping up three separate platforms amid rising competition from Anthropic.
Jeff Bezos Seeks $100 Billion to Transform Manufacturing with AI-Based Automation
As co-CEO of startup Project Prometheus, Bezos has traveled to the Mideast to seek investment from sovereign wealth funds.
Samsung to Supply HBM4 Chips for OpenAI's Custom Processor Project
OpenAI's Stargate project to develop a custom AI chip later this year with Broadcom will use Samsung's high-bandwidth memory chips to optimize processing speed.
Rivian Gets $1.25 Billion Injection from Uber in Robotaxi Deal
The investment plan calls for 10,000 fully autonomous R2 SUVs to be deployed as Uber robotaxis in 2028.
Xiaomi Unveils Updated SU7 at $31,870 in Challenge to Tesla
Xiaomi CEO Lei Jun said the new SU7 is cheaper than a Tesla Model 3 with longer range.
Mystery AI Model Was Xiaomi's, Not DeepSeek's
Xiaomi's shares surged as much as 5.8% on the disclosure that the advanced agentic AI model dubbed Hunter Alpha had been developed under the direction ...
Musk Says SpaceX AI to Keep Ordering Nvidia GPUs at Scale
The chips to be produced by Tesla's Terafab project to launch next week will be optimized for AI edge compute in humanoid robot Optimus and ...
Apple's China Smartphone Sales Jump 23%
The sales surge bucked the overall 4% year-on-year decline in China smartphone sales during January through early March, some of it due to the soaring ...
Sony to Hike PlayStation 5 Prices Again on Surge in Memory Chip Costs
Sony Group is raising its US console price by $100 in its second hike in less than a year as scarce memory chips drive up ...
BYD Posts First Annual Profit Decline in Over 4 Years
China's biggest electric vehicle maker was hurt by weak sales in its home market amid fierce EV competition.
SoftBank Secures $40 Billion Loan for More OpenAI Investments
Masayoshi Son's SoftBank Group will use the bridge loan to bolster its OpenAI investments as it continues to go all-in on the AI boom.
Huawei's AI Chip Earns Credibility with ByteDance, Alibaba Orders
The new 950PR chip challenge Nvidia in the China market as tech giants ByteDance and Alibaba plan to use it for their data center buildouts.
China's Top Chipmaker Supplied Chipmaking Tech to Iran Military, Says US
SMIC sent chipmaking tools to Iran's military, according to two senior Trump administration officials, raising questions about Beijing's stance in the month-old U.S.-Israeli conflict with ...
Oil Prices Head for Steepest Weekly Fall in 6 Months
Talk of a possible peace negotiations put oil prices on track Friday for an average of 1% drop for the week.
China's Industrial Profits Jumped in First Two Months
A 15.2% jump during the first two months was a far cry from the 0.6% growth throughout all of 2025, suggesting that China was emerging ...
Despite Volatility Korean Day Traders Keep Buying KOSPI After Its Recent Doubling
KOSPI's doubling in value during the six months preceding February 27 gives day traders reason to stick with it through recent turbulence.
Asia's Manufacturers Hit Hardest by Mideast Conflict
S. Korea, Japan, China and India are feeling the pain of crimped petroleum-based supply chains in everything from toys to cosmetics to food and beverages.
US Job Market Remains in Low-Hire, Low-Fire Mode
Initial jobless claims rose modestly to 210,000 for the week ended March 21, in line with economist forecasts.
Geely Seeks Tieups with Mercedes-Benz, Ford to Double Europe Footprint by 2027
China's number two carmaker aims to join the global top five by 2030 with total sales of over 6.5 million cars, of which a third ...
Pony.ai to Double Global Robotaxi Fleet As Fare Revenues Jump Sixfold
The firm logged its first-ever quarterly profits and is seen as a leader in the global robotaxi race which is increasingly favoring Chinese firms like ...
Plastics Prices Soar on Loss of Mideast Petrochemical Shipments
Japan, S. Korea and India are among the Asian nations hit hardest by the loss of up to 50% of polyethylene and naphtha supplies.
Meta Begins Laying Off Up to 20% of Workforce to Focus on AI
This week's job cuts are to the Reality Labs division, social media teams and recruiting operations.
Helium Shipment Disruption Begins Impacting Chip Production
A third of the gas used in various stages of chipmaking comes from Qatar and has been unable to pass the Strait of Hormuz.
Import Prices Surged Most in 4 Years Even Before Oil Surge
Import prices jumped 1.3% on month in February after a 0.6% surge in January even before the actual Iran conflict caused oil prices to surge ...
SpaceX to File IPO Prospectus This Week
Elon Musk's satellite communications and space-launch firm will seek to raise about $75 billion in what is expected to be the biggest IPO in history.
US CFOs Had Projected Solid 2026 Growth Until Iran Happened
Despite anticipated price increases due to tariffs, most surveyed chief financial officers had expected revenues and hiring growth.
Sony Honda Mobility Scraps Afeela EV, Prospective Buyers to Get Refunds
Honda's $15.7 billion pullback from EV plans is the latest legacy firm to feel the impact of Trump's rollback of EV tax credits.
China's Chipmaking Capacity Strained by Accelerating AI Boom
Faster than expected demand growth is forcing China's chipmakers to invest heavily in rapid capacity expansion, straining supply chains.
SK Hynix Files for US Listing to Raise Up to $14 Billion
The South Korean chipmaker plans to use funds from the sale of up to 3% of its share to help finance new memory chip factories ...
Japan's Cherry Blossom Picnics Pinched by 25% Food Inflation Since 2020
The annual cultural event for most Japanese involve tarps, lunch boxes, sweet red bean buns and drinks—all of which are far more costly due to ...
SK Hynix Places Record $8 Billion Order for ASML EUV Lithography Tools
The latest order from the Korean chipmaker adds to Dutch firm ASML's $38 billion worth of backlogged orders as of end of 2025.
TSMC Capacity a Major Bottleneck for AI Buildout Says Broadcom
In addition to chipmaking capacity, the AI boom is coming up against bottlenecks in lasers, printed circuit boards and PCB used in optical transceivers which ...
Zoox to Expand Robotaxi Service into San Francisco and Las Vegas
Amazon's self-driving unit looks to close the gap with Waymo by starting up in Austin and Miami with rides for employees, their families and friends ...
NYSE Partners with Securitize to Develop Tokenized Securities Platform
NYSE-affiliated Digital Trading Platform will allow Securitize to serve as the world's first digital transfer agent to create blockchain-based securities for corporate and exchange-traded funds.
S. Korea Calls for Nationwide Campaign to Conserve Fuel
For now the curbs on driving would be voluntary but could become mandatory on sustained shortfalls in oil shipments.
Vietnam Airlines Cancels Flights Due to Jet Fuel Shortage
Flight cancellations are likely to spread across southeast Asia if the Iran conflict continues to prevent oil shipments through the Strait of Hormuz.
Alibaba's 5-nm Agentic AI Chip Unveiled As World's Most Powerful RISC-VCPU
The new 3.2 GHz XuanTie C950 server chip, which is three times faster than its predecessor, the XuanTie C920, was made at an undisclosed fab.
Demand Builds for Affordable Chinese EVs Among American Carbuyers
US consumers are drawn to the low prices and wealth of features offered by EVs from Geely, BYD, Xiaomi and others but are stymied by ...
OpenAI Bumps Up Minimum Return to 17.5% in Competition with Anthropic for Private Equity
The competition for fresh capital heats up as top AI firms rush to create and meet demand for enterprise AI products.
Alphabet's Wing to Begin Drone Deliveries in San Francisco Bay Area
Wing promises to deliver groceries and other household items within 30 minutes.
SpaceX, Tesla to Build AI Chip Factories in Austin
Terafab will be two separate fabs, one making chips for humanoid robots and robotaxis and the other for space-based AI data centers.
Tencent Debuts ClawBot to Take on Agentic AI from Alibaba, Baidu
China is entering the rush to combine AI with OpenClaw to build automated tasking apps at a more accelerated pace than the US.
China Pledges More Balanced Trade After Record $1.2 Trillion Surplus
The pledge comes as Beijing considers how best to stimulate domestic consumption as a key economic growth engine to achieve balanced prosperity.
OpenAI to Double Workforce to 8,000 by End of 2026
The AI leader's new hires will span product development, engineering, research and sales, providing a counterpoint to the dread of AI-based job cuts.
United Cuts 5% of Flights, Plans for $175 per Barrel Oil
United plans for oil to stay above $100 per barrel through end of 2027 and raises fares.
Softbank, AEP to Build Massive Ohio Gas Power Plant, Data Center
SB Energy plans to link a 9.2-GW gas plant to the local grid to power a 10-GW AI data center to be built on federal ...
China Rare-Earth Exports Rise Globally but Plunge to US
An 8.2% global rise during the first two months of 2026 contrasted with a 22.5% plunge in exports to the US.
Bezos Fires Up New Smartphone Launch Despite Earlier Flop
The "Transformer" phone would be a voice-controlled computing assistant with convenient shopping features.
Xpeng Launches EVs in Mexico, Aims to Double Overseas Sales in 2026
Xpeng is one of a handful of Chinese EV brands that have achieved the break-even milestone.
Tesla to Buy $2.9 Billion Worth of Chinese Solar-Panel Production Equipment
In keeping with Elon Musk's assertion that solar power could meet all US electricity needs, Tesla plans to manufacture 100 GW of solar panels in ...
OpenAI to Combine ChatGPT, Codex and Browser into One Superapp
The move is designed to simplify the company's efforts in keeping up three separate platforms amid rising competition from Anthropic.
Jeff Bezos Seeks $100 Billion to Transform Manufacturing with AI-Based Automation
As co-CEO of startup Project Prometheus, Bezos has traveled to the Mideast to seek investment from sovereign wealth funds.
Samsung to Supply HBM4 Chips for OpenAI's Custom Processor Project
OpenAI's Stargate project to develop a custom AI chip later this year with Broadcom will use Samsung's high-bandwidth memory chips to optimize processing speed.
Rivian Gets $1.25 Billion Injection from Uber in Robotaxi Deal
The investment plan calls for 10,000 fully autonomous R2 SUVs to be deployed as Uber robotaxis in 2028.
Xiaomi Unveils Updated SU7 at $31,870 in Challenge to Tesla
Xiaomi CEO Lei Jun said the new SU7 is cheaper than a Tesla Model 3 with longer range.
Mystery AI Model Was Xiaomi's, Not DeepSeek's
Xiaomi's shares surged as much as 5.8% on the disclosure that the advanced agentic AI model dubbed Hunter Alpha had been developed under the direction ...
Musk Says SpaceX AI to Keep Ordering Nvidia GPUs at Scale
The chips to be produced by Tesla's Terafab project to launch next week will be optimized for AI edge compute in humanoid robot Optimus and ...
Apple's China Smartphone Sales Jump 23%
The sales surge bucked the overall 4% year-on-year decline in China smartphone sales during January through early March, some of it due to the soaring ...
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