Business
Anthropic May Build Its Own AI Chips Amid Shortages
As Anthropic's annualized revenues surge past the $30 billion level from just $9 billion three months earlier, it is able to afford the cost of ...
US PCE Inflation Picked up in February on Solid Consumer Spending
The personal consumption expenditure index rose 0.4% after a 0.3% rise in January, and appears likely to have risen further in March.
Polestar CEO Touts Surge in Used-EV Sales Amid High Fuel Costs
Used-EV sales are exceeding those of new vehicles as Iran drives up gasoline and diesel prices, according to Polestar CEO Michael Lohscheller.
Samsung Electronics Mulls Chip Testing and Packaging in Vietnam
As the single largest foreign investor in Vietnam Samsung already enjoys Vietnamese government favor and is likely to be comfortable with the educated, disciplined and ...
Relief Rally Stalls as Oil Rises on Growing Mideast Truce Doubts
Cracks in the fragile Gulf truce is making investors nervous and share prices sag.
Chip Designer SiFive Raises $400 Million from Atreides, Nvidia to Step into Arm's Space
Arm Holdings' entry into chipmaking lost it chipmaker clients and opened up an opportunity for Silicon Valley startup SiFive to blueprint RISC-V CPUs for data-centers.
Intel and Google Expand Partnership to Address Demand for Versatile CPUs
Demand for AI inference as well as conventional processing induces Google to turn to Intel for Xeon processors as well as AI-focused and custom infrastructure ...
List of Major AI Infrastructure Deals to Meet Booming Demand
OpenAI leads the scoreboard with 8 deals with major AI suppliers and users while CoreWeave expands its Meta Platforms deal to $21 billion in cloud ...
Amazon Cloud Unit AI Revenue Exceeds $15 Billion on Annualized Basis
The first such numbers released show that Amazon's massive AI investments are finding surging real demand.
Tesla Developing Smaller Cheaper EV
The new compact SUV would be built from scratch and not merely a variant of the Model 3 or Model Y.
Mercedes Suffers Down Q1 on Plunging China Sales
Mercedes-Benz sales slump to start 2026 is due to a 27% plunge in China where the luxury carmaker is overhauling its model lineup.
Markets Gorge After Ultimate TACO Tuesday
The 11th-hour ceasefire gave deeply depressed global markets reason to soar Wednesday as oil took the biggest plunge in five years.
US Gas, Air Fare to Stay Elevated through Summer Travel Season
Higher prices reflect the generally glacial pace at which prices go back down, combined with large uncertainties around issues that can stymie a lasting Mideast ...
AI Helps Speed Citigroup Account Openings and Software Upgrades
Citigroup is one of many US banks using AI to boost productivity and cut contractors and staff jobs.
South Asia Growth to Slow to 6.3% in 2026 Says World Bank
Mideast conflict disruptions will prevent South Asia from continuing the 7.0% growth rate of 2025 due to its dependence on imports of oil and other ...
Why the Bond Market Won't Bounce Back to Pre-War Levels
Interest rate cuts needed to restore the bond market aren't likely to materialize due to the lasting inflationary impact of higher oil prices.
Stellantis Aims to Develop Opel EV with China's Leapmotor
Stellantis hopes to use Leapmotor's EV technology to develop an Opel-branded electric SUV for production at Stellantis' Zaragoza plant in Spain.
China's Teapots Seek Iranian Oil at Lower Prices
Armed with fresh import quotas from Beijing, China's independent refiners are eager to buy cargoes of Iranian crude at post-ceasefire prices to return to profitable ...
Oil Slides Below $100, Stocks Soar As Trump Agrees to 2-Week Ceasefire
Hopes that oil and gas will resume flowing through the Strait of Hormuz set off a relief rally and plunge in oil prices.
Physical Oil Nears Record $150 a Barrel As Iran Ignores Trump Threats
European and Asian refiners are paying record highs near $150 a barrel for actual oil deliveries, a 15% premium over paper prices for oil futures.
Lip Bu Tan Links Intel with Musk's Ambitious Terafab AI Chip Project
Intel will join Elon Musk's Terafab AI chip complex project which also includes SpaceX, Tesla and xAI.
Uber to Rely on Amazon's Custom Chips for AI Efforts
Uber's need for advanced AI hardware to handle computing and AI training workloads will be met by Amazon's custom chips.
China's Qingming Holiday Spending Rises Over 2025
Domestic travel spending during the 3-day Qingming holidays jumped 6.6% over last year to 61.367 billion yuan ($8.95 billion), suggesting rising consumer confidence.
Japan Loses Economic Momentum, Sees Early Signs of Iran Impact
The private study found an increase in bankruptcies in the house painting sector with its severe competition, chronic labour shortage, surging fuel costs and war-induced ...
Chinese Farmers Cut Soy Protein Use with Amino Acids from Fermenting Corn
The US trade war incentivized Beijing to find substitutes for soy protein through fermentation sciences using corn, duckweed and other less expensive crops.
SpaceX Plans Early June Pre-IPO Roadshow
SpaceX detailed plans for its IPO at a meeting with bankers who were told to earmark a big portion of shares for retail investors.
Samsung Q1 Profits Surge 8-Fold on AI Demand
Samsung Electronics projects an over eight-fold jump in Q1 operating profit on year as the AI boom produces insatiable demand for servers with high-bandwidth memory ...
Broadcom Scores Long-Term Deal to Develop Custom AI Chips for Google
Broadcom will develop and supply future generations of custom AI chips and other components for server farms through 2031, and signed another deal to provide ...
OpenAI's Jason Kwon Asks State AGs to Probe Musk's 'Anti-Competitive Behavior’
As OpenAI prepares for a trial in April against Elon Musk, its Chief Strategy Officer wrote the attorney generals of California and Delaware to consider ...
Fed Governors See Urgent Inflation Warning Signs
Cleveland Federal Reserve President Beth Hammack and Chicago Fed President Austan Goolsbee both see inflation warning signs flashing "at least orange", posing a far bigger ...
US Service Sector Shrank in March on Soaring Input Costs
Prices paid by the services sector for its inputs rose to the highest level in 3 1/2 years, while its total employment shrank, as the ...
China Issues E-Commerce Guidance for Closer Cooperation with EU
China issued guidance for its e-commerce sector to coordinate domestic development with international markets following a visit by a delegation of EU lawmakers.
Foxconn Q1 Revenue Jumps on Strong Demand for AI Servers
The world's top contract electronics maker saw a 30% revenue jump in Q1 on surging demand for AI server products and strong iPhone sales.
Musk Asks Banks to Spend Tens of Millions on Grok AI on Eve of $2 Trillion ...
The record $75 billion sought by the SpaceX IPO implies a $2 trillion valuation, giving Elon Musk massive clout with IPO banks Morgan Stanley, Goldman ...
March Jobs Report Comes in Stronger than Expected
The US jobless rate fell to 4.3% as nonfarm payroll jumped by 178,000 while February job loss was revised down to 133,000 from 92,000.
Edmunds Raves about EV from Volvo Parent Geely
After putting the Geely Galaxy M9 through battery of tests, the car-shopping site Edmunds concluded that it is more advanced than US vehicles with "terrific ...
Samsung Electronics to Report Spectacular Profit Surge to New Record
Skyrocketing memory chip prices from an insatiable AI boom is expected to give Samsung Electronics a six-fold jump in operating profit for Q1 2026.
US Employment Rebounded in March but Jobs Under Pressure from Iran
The end of a strike by 31,000 Kaiser Permanente nurses helped job growth recover modestly from its February plunge but the job market is likely ...
Automakers Unveil New EVs Despite US Sales Downturn
Weaker demand after EV tax credits ended hasn't kept carmakers like GM and Volvo from releasing new models to stay on track toward an inevitable ...
OpenAI Buys Tech Talk Show TBPN in Surprise Move
The acquisition of the talk show that interviews Silicon Valley CEOs is seen as potentially helping the AI pioneer compete against upstart Anthropic for enterprise ...
McDonald's Draws Worried Consumers with $3 Menu Items and $4 Breakfast Deals
The Chicago-based fast-food giant addresses stressed consumer budgets with new menu items priced at $3 or less and a $4 breakfast meal deal, building on ...
Anthropic May Build Its Own AI Chips Amid Shortages
As Anthropic's annualized revenues surge past the $30 billion level from just $9 billion three months earlier, it is able to afford the cost of ...
US PCE Inflation Picked up in February on Solid Consumer Spending
The personal consumption expenditure index rose 0.4% after a 0.3% rise in January, and appears likely to have risen further in March.
Polestar CEO Touts Surge in Used-EV Sales Amid High Fuel Costs
Used-EV sales are exceeding those of new vehicles as Iran drives up gasoline and diesel prices, according to Polestar CEO Michael Lohscheller.
Samsung Electronics Mulls Chip Testing and Packaging in Vietnam
As the single largest foreign investor in Vietnam Samsung already enjoys Vietnamese government favor and is likely to be comfortable with the educated, disciplined and ...
Relief Rally Stalls as Oil Rises on Growing Mideast Truce Doubts
Cracks in the fragile Gulf truce is making investors nervous and share prices sag.
Chip Designer SiFive Raises $400 Million from Atreides, Nvidia to Step into Arm's Space
Arm Holdings' entry into chipmaking lost it chipmaker clients and opened up an opportunity for Silicon Valley startup SiFive to blueprint RISC-V CPUs for data-centers.
Intel and Google Expand Partnership to Address Demand for Versatile CPUs
Demand for AI inference as well as conventional processing induces Google to turn to Intel for Xeon processors as well as AI-focused and custom infrastructure ...
List of Major AI Infrastructure Deals to Meet Booming Demand
OpenAI leads the scoreboard with 8 deals with major AI suppliers and users while CoreWeave expands its Meta Platforms deal to $21 billion in cloud ...
Amazon Cloud Unit AI Revenue Exceeds $15 Billion on Annualized Basis
The first such numbers released show that Amazon's massive AI investments are finding surging real demand.
Tesla Developing Smaller Cheaper EV
The new compact SUV would be built from scratch and not merely a variant of the Model 3 or Model Y.
Mercedes Suffers Down Q1 on Plunging China Sales
Mercedes-Benz sales slump to start 2026 is due to a 27% plunge in China where the luxury carmaker is overhauling its model lineup.
Markets Gorge After Ultimate TACO Tuesday
The 11th-hour ceasefire gave deeply depressed global markets reason to soar Wednesday as oil took the biggest plunge in five years.
US Gas, Air Fare to Stay Elevated through Summer Travel Season
Higher prices reflect the generally glacial pace at which prices go back down, combined with large uncertainties around issues that can stymie a lasting Mideast ...
AI Helps Speed Citigroup Account Openings and Software Upgrades
Citigroup is one of many US banks using AI to boost productivity and cut contractors and staff jobs.
South Asia Growth to Slow to 6.3% in 2026 Says World Bank
Mideast conflict disruptions will prevent South Asia from continuing the 7.0% growth rate of 2025 due to its dependence on imports of oil and other ...
Why the Bond Market Won't Bounce Back to Pre-War Levels
Interest rate cuts needed to restore the bond market aren't likely to materialize due to the lasting inflationary impact of higher oil prices.
Stellantis Aims to Develop Opel EV with China's Leapmotor
Stellantis hopes to use Leapmotor's EV technology to develop an Opel-branded electric SUV for production at Stellantis' Zaragoza plant in Spain.
China's Teapots Seek Iranian Oil at Lower Prices
Armed with fresh import quotas from Beijing, China's independent refiners are eager to buy cargoes of Iranian crude at post-ceasefire prices to return to profitable ...
Oil Slides Below $100, Stocks Soar As Trump Agrees to 2-Week Ceasefire
Hopes that oil and gas will resume flowing through the Strait of Hormuz set off a relief rally and plunge in oil prices.
Physical Oil Nears Record $150 a Barrel As Iran Ignores Trump Threats
European and Asian refiners are paying record highs near $150 a barrel for actual oil deliveries, a 15% premium over paper prices for oil futures.
Lip Bu Tan Links Intel with Musk's Ambitious Terafab AI Chip Project
Intel will join Elon Musk's Terafab AI chip complex project which also includes SpaceX, Tesla and xAI.
Uber to Rely on Amazon's Custom Chips for AI Efforts
Uber's need for advanced AI hardware to handle computing and AI training workloads will be met by Amazon's custom chips.
China's Qingming Holiday Spending Rises Over 2025
Domestic travel spending during the 3-day Qingming holidays jumped 6.6% over last year to 61.367 billion yuan ($8.95 billion), suggesting rising consumer confidence.
Japan Loses Economic Momentum, Sees Early Signs of Iran Impact
The private study found an increase in bankruptcies in the house painting sector with its severe competition, chronic labour shortage, surging fuel costs and war-induced ...
Chinese Farmers Cut Soy Protein Use with Amino Acids from Fermenting Corn
The US trade war incentivized Beijing to find substitutes for soy protein through fermentation sciences using corn, duckweed and other less expensive crops.
SpaceX Plans Early June Pre-IPO Roadshow
SpaceX detailed plans for its IPO at a meeting with bankers who were told to earmark a big portion of shares for retail investors.
Samsung Q1 Profits Surge 8-Fold on AI Demand
Samsung Electronics projects an over eight-fold jump in Q1 operating profit on year as the AI boom produces insatiable demand for servers with high-bandwidth memory ...
Broadcom Scores Long-Term Deal to Develop Custom AI Chips for Google
Broadcom will develop and supply future generations of custom AI chips and other components for server farms through 2031, and signed another deal to provide ...
OpenAI's Jason Kwon Asks State AGs to Probe Musk's 'Anti-Competitive Behavior’
As OpenAI prepares for a trial in April against Elon Musk, its Chief Strategy Officer wrote the attorney generals of California and Delaware to consider ...
Fed Governors See Urgent Inflation Warning Signs
Cleveland Federal Reserve President Beth Hammack and Chicago Fed President Austan Goolsbee both see inflation warning signs flashing "at least orange", posing a far bigger ...
US Service Sector Shrank in March on Soaring Input Costs
Prices paid by the services sector for its inputs rose to the highest level in 3 1/2 years, while its total employment shrank, as the ...
China Issues E-Commerce Guidance for Closer Cooperation with EU
China issued guidance for its e-commerce sector to coordinate domestic development with international markets following a visit by a delegation of EU lawmakers.
Foxconn Q1 Revenue Jumps on Strong Demand for AI Servers
The world's top contract electronics maker saw a 30% revenue jump in Q1 on surging demand for AI server products and strong iPhone sales.
Musk Asks Banks to Spend Tens of Millions on Grok AI on Eve of $2 Trillion ...
The record $75 billion sought by the SpaceX IPO implies a $2 trillion valuation, giving Elon Musk massive clout with IPO banks Morgan Stanley, Goldman ...
March Jobs Report Comes in Stronger than Expected
The US jobless rate fell to 4.3% as nonfarm payroll jumped by 178,000 while February job loss was revised down to 133,000 from 92,000.
Edmunds Raves about EV from Volvo Parent Geely
After putting the Geely Galaxy M9 through battery of tests, the car-shopping site Edmunds concluded that it is more advanced than US vehicles with "terrific ...
Samsung Electronics to Report Spectacular Profit Surge to New Record
Skyrocketing memory chip prices from an insatiable AI boom is expected to give Samsung Electronics a six-fold jump in operating profit for Q1 2026.
US Employment Rebounded in March but Jobs Under Pressure from Iran
The end of a strike by 31,000 Kaiser Permanente nurses helped job growth recover modestly from its February plunge but the job market is likely ...
Automakers Unveil New EVs Despite US Sales Downturn
Weaker demand after EV tax credits ended hasn't kept carmakers like GM and Volvo from releasing new models to stay on track toward an inevitable ...
OpenAI Buys Tech Talk Show TBPN in Surprise Move
The acquisition of the talk show that interviews Silicon Valley CEOs is seen as potentially helping the AI pioneer compete against upstart Anthropic for enterprise ...
McDonald's Draws Worried Consumers with $3 Menu Items and $4 Breakfast Deals
The Chicago-based fast-food giant addresses stressed consumer budgets with new menu items priced at $3 or less and a $4 breakfast meal deal, building on ...
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