SpaceX May Seek IPO Valuation Above $1.75 Trillion
Elon Musks's rocket launch and satellite communications company generated $8 billion profits on $16 billion revenues in 2025.
Business
Trump Media Mulls Spinning Off Truth Social As Public Company
The move would split off the social media and digital media assets from the fusion energy venture to create two publicly traded companies.
OpenAI Valued at $840 Billion with $110 Billion in Current Funding Round
Amazon, Softbank and Nvidia are the major anchor investors in a round still in progress as OpenAI reaches 50 million paying consumer subscriptions in addition ...
Netflix Leaves Warner Deal to Paramount
By walking away from the bidding war Netflix will receive a $2.8 billion breakup fee to be covered by Paramount's latest bid which exceeds $100 ...
India's 7.8% Q4 Growth Led Major Nations on Strong Consumption
A robust 8.7% growth in private consumption was boosted by a 13.3% surge in manufacturing in Q3 as more orders shift to India from China.
January Producer Price Rise Suggests More Inflation Brewing
Prices of equipment, apparel, footwear, chemicals and a broad range of other goods largely sourced from overseas rose more than expected as more tariff costs ...
S. Korea Exports Rise for 9th Straight Month on Chip Demand
A 134% surge in chip shipments led a 23.5% jump in exports during February.
Beijing Encourages Dollar-Buying to Slow Yuan's Rise
In three years China's central bank has gone from trying to protect the yuan from rapid decline to seeking to prevent it from rising against ...
Meta to Spend Billions to Rent Google AI Chips for Training New Model
The Google TPU chip deal comes in the wake of even larger Meta deals to buy Nvidia GPUs and a $60 billion deal to buy ...
Memory Shortage to Hurt Low-End Smartphones, Give Edge to Apple, Samsung
The global smartphone market will suffer the biggest decline in shipment in 2026 as skyrocketing prices put memory chips out of reach of low-end makers, ...
Google Unveils Nano Banana 2 Image Generating Tool
Google's success with Nano Banana has helped Gemini become competitive with OpenAI's ChatGPT by attracting millions of new users since September.
Tesla Not Logging Miles Needed to Secure California Permit to Test Its Robotaxis
Despite Elon Musk's heavy reliance on robotaxis to justify Tesla's $1.5 trillion valuation, the company has made no effort to log the 50,000 miles needed ...
Half of Biofuel Quota Waived for Small Refiners Shifted to Big Refiners to Support Farmers
The Trump administration was forced to accommodate its contempt for environmental protection with its reluctance to further alienate a farm base already disgruntled by loss ...
Weekly Jobless Claims Rise Slightly As Job-Creation Weakens in February
Jobs are seen as hard to get by the highest proportion of jobseekers in 5 years but the unemployment rate remains unchanged.
More Workers to Be Classified As Independent Contractors Under Proposed USDL Rule
The "economically dependent" criterion for deeming workers employees would be replaced by the degree of control standard favored by businesses.
Yttrium Prices Jump 69-Fold As US Aerospace, Semiconductor Firms Suffer Shortage
China's deliberate slowdown in processing rare-earth licenses is causing strain for US aerospace firms and chipmakers ahead of Trump's upcoming Bejing summit with Xi.
Nvidia Q1 Forecast Beats Expectations, Calms AI Jitters
The leading AI chipmaker projects fiscal first-quarter sales of $78 billion, above the average estimate of $72.60 billion, to the relief of a market that ...
Samsung Releases Galaxy X26 with Gemini, Perplexity AI Features
The higher price on Samsung's latest smartphone reflects insatiable global demand for memory chips.
Global Companies Cutting Jobs to Invest in AI
This is a list of some global companies who have announced AI-related job cuts since October.
Xiaomi Challenges India Ruling Seeking Value of Royalty Payments in Tariffs
Xioami has appealed to India's Supreme Court a tax tribunal ruling that it owed tariffs on the value of royalties paid on the IP that ...
ByteDance's Doubao Won China's Holiday AI Chatbot Battle with 100 Million DAU
China's top tech firms ByteDance, Alibaba and Tencent spent billions of yuan during the Lunar New Year holidays in a race to secure new users ...
Google Disrupts Chinese Group That Hacked At Least 53 Entities
Google disabled internet infrastructure set up by a group tracked as UNC2814 and Gallium which had installed backdoors on entity servers to access personal information ...
Merz Seeks Deeper Ties with Beijing Visit As Europe Sours on US
Lured by pledges of increased Chinese goods purchases and investments in Germany, Merz seeks to be first in line to receives the benefits of China's ...
Lowe's Forecast Downbeat on Glacial Housing Market, Deferred Remodels
The DIY home-improvement retailer issued 2026 forecasts in a range between flat and 2%, below the 2% projected by analysts.
ByteDance Valued at $550 Billion As Major Private Equity Investor Eyes Exit
General Atlantic bought a bit chunk of shares in China's leading social-media company and onetime TikTok parent when it was valued at $20 billion.
Tech Giants Required to Build AI Data Centers with Power Plants
To protect consumers from rising utility bills tech giants have been told to build their own power plants, said Trump in his State of the ...
Confusion Reigns As US Begins Collecting 10% Temporary Tariffs, Eyeing Rise to 15%
Trump's reflexive, quickly superseded social media threat on hearing the Supreme Court ruling appears to have caused confusion as to what US customs should collect.
L'Oreal, Dyson, Bausch Among Over 1,400 Suits for Tariff Refunds
Suits for tariff refunds have already surpassed 1,400 on the 2nd workday after the Supreme Court struck down Trump's Liberation Day tariffs.
Trump's 15% Temporary Tariff Unsupported by Balance of Payments Emergency
Clutching at straws triggered by the Supreme Court's nixing of his Liberation Day tariffs, Trump now clings to an alternative tariff law that his own ...
Europe Gas Car Sales Plunged While BYD EVs Jumped 165% in January
Pushing back emission standards had no impact on sales of gasoline-engine cars which now account for only one-fifth of the European market.
Anthropic Expands Software Disruption with 10 New Agentic AI Tools
Tools that link common business processes to Claude for automated tasking gives Anthropic the lead in agentic AI.
AMD Scores 2nd Tech Giant for Its AI Chips with $60 Billion Meta Deal
AMD's success in locking two AI players into major chip deals signals the beginning of the end for Nvidia's near-monopoly.
Apple to Move Some Mac Mini Production to Foxconn's Houston Plant
The shift is pursuant to a commitment made last August to invest $600 billion in the US over the next four years.
DeepSeek Used Nvidia's Blackwell Chips to Train AI Models Says US Official
If true, the allegation by a senior Trump administration official would indicate a clear violation of US export restrictions imposed on Chinese firms.
FedEx Leads Anticipated Flood of Tariff-Refund Suits
Importers, distributors and suppliers are the most numerous among tens of thousands of firms expected to seek tariff refunds.
Tech Giants Scramble to Invest $650 Billion in AI Infrastructure in 2026
The race to secure scarce compute resources for a place in the AI space keeps investment spending at a risky fever pitch, says an analysis ...
Trump's New Tariff Threats, Tirades Unnerve Markets
The confusion Trump created with 15% temporary tariffs is compounded by his threats against countries reconsidering deals made under the Liberation-Day Tariffs that have now ...
OpenAI Pushes Forward-Deployed AI Engineers in Tieups with Consulting Giants
The AI pioneer commits to the enterprise side of its business as being essential to its burgeoning business model.
US Customs to Continue Collecting Illegal Tariffs Until Tuesday
On Tuesday the new 15% temporary tariffs declared by Trump will replace the ones outlawed by the Supreme Court.
The World Reacts to Supreme Court Tariff Decision
Reactions from trading partners reflect a desire to strike a balance between optimism and dread as Trump continues lashing out at the Supreme Court and ...
GM, Honda Among Automakers Pushing Toward Level 3 Eyes-Off Driving
Difficulties encountered by Tesla and Mercedes-Benz in trying to introduce level-3 driving systems hasn't discouraged some automakers who believe the benefits of giving drivers the ...
Asha Sharma Recommits to Xbox as New Head of Microsoft Gaming
The transition to new leadership at the gaming division coincides with a shift toward AI in the underlying technology.
EU to US: No Tariff Increases Tolerated
Trump's heated announcement of 15% temporary tariffs and trade probes to justify higher targeted tariffs have raised hackles in Europe.
India Delays Talks on Trade Deal After Trump Tariffs Nixed
An Indian trade delegation's planned visit to DC has been postponed amid confusion after the Supreme Court struck down "Liberation Day Tariffs" and a huffy ...
Europe Credits Sharp Inflation Drop to Rise in Chinese Imports
The drop in inflation to 1.7% in January, below the target level, was due to increased price competition produced by the 27% increase in Chinese ...
Tariff-Obsessed Trump Bumps Up Temporary Tariffs to 15%
Seething from a perceived betrayal by a conservative-majority Supreme Court, Trump lashes out with threats of more tariffs despite GOP sentiment against their wisdom.
Trump Substitutes Temporary 10% Tariffs After Supreme Court Defeat
After the so-called Liberation-Day Tariffs were struck down by the high court, Trump scrambled to sign an order imposing 10% tariffs on the entire world ...
OpenAI Plans $600 Billion Spend on Compute through 2030
The investment plan is based on a projected $280 billion in annual revenues by 2030.
US Owes Estimated $175 Billion in Tariff Refunds
The Penn-Wharton Budget Model estimates that the amount collected under Trump's unauthorized invocation of IEEPA is at least $175 billion.
How Tariff Refunds May Be Processed
The Supreme Court's decision is a clear win for US businesses and the global economy by restoring lost efficiencies, but the process of actually refunding ...
SpaceX May Seek IPO Valuation Above $1.75 Trillion
Elon Musks's rocket launch and satellite communications company generated $8 billion profits on $16 billion revenues in 2025.
Trump Media Mulls Spinning Off Truth Social As Public Company
The move would split off the social media and digital media assets from the fusion energy venture to create two publicly traded companies.
OpenAI Valued at $840 Billion with $110 Billion in Current Funding Round
Amazon, Softbank and Nvidia are the major anchor investors in a round still in progress as OpenAI reaches 50 million paying consumer subscriptions in addition ...
Netflix Leaves Warner Deal to Paramount
By walking away from the bidding war Netflix will receive a $2.8 billion breakup fee to be covered by Paramount's latest bid which exceeds $100 ...
India's 7.8% Q4 Growth Led Major Nations on Strong Consumption
A robust 8.7% growth in private consumption was boosted by a 13.3% surge in manufacturing in Q3 as more orders shift to India from China.
January Producer Price Rise Suggests More Inflation Brewing
Prices of equipment, apparel, footwear, chemicals and a broad range of other goods largely sourced from overseas rose more than expected as more tariff costs ...
S. Korea Exports Rise for 9th Straight Month on Chip Demand
A 134% surge in chip shipments led a 23.5% jump in exports during February.
Beijing Encourages Dollar-Buying to Slow Yuan's Rise
In three years China's central bank has gone from trying to protect the yuan from rapid decline to seeking to prevent it from rising against ...
Meta to Spend Billions to Rent Google AI Chips for Training New Model
The Google TPU chip deal comes in the wake of even larger Meta deals to buy Nvidia GPUs and a $60 billion deal to buy ...
Memory Shortage to Hurt Low-End Smartphones, Give Edge to Apple, Samsung
The global smartphone market will suffer the biggest decline in shipment in 2026 as skyrocketing prices put memory chips out of reach of low-end makers, ...
Google Unveils Nano Banana 2 Image Generating Tool
Google's success with Nano Banana has helped Gemini become competitive with OpenAI's ChatGPT by attracting millions of new users since September.
Tesla Not Logging Miles Needed to Secure California Permit to Test Its Robotaxis
Despite Elon Musk's heavy reliance on robotaxis to justify Tesla's $1.5 trillion valuation, the company has made no effort to log the 50,000 miles needed ...
Half of Biofuel Quota Waived for Small Refiners Shifted to Big Refiners to Support Farmers
The Trump administration was forced to accommodate its contempt for environmental protection with its reluctance to further alienate a farm base already disgruntled by loss ...
Weekly Jobless Claims Rise Slightly As Job-Creation Weakens in February
Jobs are seen as hard to get by the highest proportion of jobseekers in 5 years but the unemployment rate remains unchanged.
More Workers to Be Classified As Independent Contractors Under Proposed USDL Rule
The "economically dependent" criterion for deeming workers employees would be replaced by the degree of control standard favored by businesses.
Yttrium Prices Jump 69-Fold As US Aerospace, Semiconductor Firms Suffer Shortage
China's deliberate slowdown in processing rare-earth licenses is causing strain for US aerospace firms and chipmakers ahead of Trump's upcoming Bejing summit with Xi.
Nvidia Q1 Forecast Beats Expectations, Calms AI Jitters
The leading AI chipmaker projects fiscal first-quarter sales of $78 billion, above the average estimate of $72.60 billion, to the relief of a market that ...
Samsung Releases Galaxy X26 with Gemini, Perplexity AI Features
The higher price on Samsung's latest smartphone reflects insatiable global demand for memory chips.
Global Companies Cutting Jobs to Invest in AI
This is a list of some global companies who have announced AI-related job cuts since October.
Xiaomi Challenges India Ruling Seeking Value of Royalty Payments in Tariffs
Xioami has appealed to India's Supreme Court a tax tribunal ruling that it owed tariffs on the value of royalties paid on the IP that ...
ByteDance's Doubao Won China's Holiday AI Chatbot Battle with 100 Million DAU
China's top tech firms ByteDance, Alibaba and Tencent spent billions of yuan during the Lunar New Year holidays in a race to secure new users ...
Google Disrupts Chinese Group That Hacked At Least 53 Entities
Google disabled internet infrastructure set up by a group tracked as UNC2814 and Gallium which had installed backdoors on entity servers to access personal information ...
Merz Seeks Deeper Ties with Beijing Visit As Europe Sours on US
Lured by pledges of increased Chinese goods purchases and investments in Germany, Merz seeks to be first in line to receives the benefits of China's ...
Lowe's Forecast Downbeat on Glacial Housing Market, Deferred Remodels
The DIY home-improvement retailer issued 2026 forecasts in a range between flat and 2%, below the 2% projected by analysts.
ByteDance Valued at $550 Billion As Major Private Equity Investor Eyes Exit
General Atlantic bought a bit chunk of shares in China's leading social-media company and onetime TikTok parent when it was valued at $20 billion.
Tech Giants Required to Build AI Data Centers with Power Plants
To protect consumers from rising utility bills tech giants have been told to build their own power plants, said Trump in his State of the ...
Confusion Reigns As US Begins Collecting 10% Temporary Tariffs, Eyeing Rise to 15%
Trump's reflexive, quickly superseded social media threat on hearing the Supreme Court ruling appears to have caused confusion as to what US customs should collect.
L'Oreal, Dyson, Bausch Among Over 1,400 Suits for Tariff Refunds
Suits for tariff refunds have already surpassed 1,400 on the 2nd workday after the Supreme Court struck down Trump's Liberation Day tariffs.
Trump's 15% Temporary Tariff Unsupported by Balance of Payments Emergency
Clutching at straws triggered by the Supreme Court's nixing of his Liberation Day tariffs, Trump now clings to an alternative tariff law that his own ...
Europe Gas Car Sales Plunged While BYD EVs Jumped 165% in January
Pushing back emission standards had no impact on sales of gasoline-engine cars which now account for only one-fifth of the European market.
Anthropic Expands Software Disruption with 10 New Agentic AI Tools
Tools that link common business processes to Claude for automated tasking gives Anthropic the lead in agentic AI.
AMD Scores 2nd Tech Giant for Its AI Chips with $60 Billion Meta Deal
AMD's success in locking two AI players into major chip deals signals the beginning of the end for Nvidia's near-monopoly.
Apple to Move Some Mac Mini Production to Foxconn's Houston Plant
The shift is pursuant to a commitment made last August to invest $600 billion in the US over the next four years.
DeepSeek Used Nvidia's Blackwell Chips to Train AI Models Says US Official
If true, the allegation by a senior Trump administration official would indicate a clear violation of US export restrictions imposed on Chinese firms.
FedEx Leads Anticipated Flood of Tariff-Refund Suits
Importers, distributors and suppliers are the most numerous among tens of thousands of firms expected to seek tariff refunds.
Tech Giants Scramble to Invest $650 Billion in AI Infrastructure in 2026
The race to secure scarce compute resources for a place in the AI space keeps investment spending at a risky fever pitch, says an analysis ...
Trump's New Tariff Threats, Tirades Unnerve Markets
The confusion Trump created with 15% temporary tariffs is compounded by his threats against countries reconsidering deals made under the Liberation-Day Tariffs that have now ...
OpenAI Pushes Forward-Deployed AI Engineers in Tieups with Consulting Giants
The AI pioneer commits to the enterprise side of its business as being essential to its burgeoning business model.
US Customs to Continue Collecting Illegal Tariffs Until Tuesday
On Tuesday the new 15% temporary tariffs declared by Trump will replace the ones outlawed by the Supreme Court.
The World Reacts to Supreme Court Tariff Decision
Reactions from trading partners reflect a desire to strike a balance between optimism and dread as Trump continues lashing out at the Supreme Court and ...
GM, Honda Among Automakers Pushing Toward Level 3 Eyes-Off Driving
Difficulties encountered by Tesla and Mercedes-Benz in trying to introduce level-3 driving systems hasn't discouraged some automakers who believe the benefits of giving drivers the ...
Asha Sharma Recommits to Xbox as New Head of Microsoft Gaming
The transition to new leadership at the gaming division coincides with a shift toward AI in the underlying technology.
EU to US: No Tariff Increases Tolerated
Trump's heated announcement of 15% temporary tariffs and trade probes to justify higher targeted tariffs have raised hackles in Europe.
India Delays Talks on Trade Deal After Trump Tariffs Nixed
An Indian trade delegation's planned visit to DC has been postponed amid confusion after the Supreme Court struck down "Liberation Day Tariffs" and a huffy ...
Europe Credits Sharp Inflation Drop to Rise in Chinese Imports
The drop in inflation to 1.7% in January, below the target level, was due to increased price competition produced by the 27% increase in Chinese ...
Tariff-Obsessed Trump Bumps Up Temporary Tariffs to 15%
Seething from a perceived betrayal by a conservative-majority Supreme Court, Trump lashes out with threats of more tariffs despite GOP sentiment against their wisdom.
Trump Substitutes Temporary 10% Tariffs After Supreme Court Defeat
After the so-called Liberation-Day Tariffs were struck down by the high court, Trump scrambled to sign an order imposing 10% tariffs on the entire world ...
OpenAI Plans $600 Billion Spend on Compute through 2030
The investment plan is based on a projected $280 billion in annual revenues by 2030.
US Owes Estimated $175 Billion in Tariff Refunds
The Penn-Wharton Budget Model estimates that the amount collected under Trump's unauthorized invocation of IEEPA is at least $175 billion.
How Tariff Refunds May Be Processed
The Supreme Court's decision is a clear win for US businesses and the global economy by restoring lost efficiencies, but the process of actually refunding ...
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