Top Experts Predict AI's Economic Impact
AI growth projections by Nvidia's Jensen Huang, AMD's Lisa Su, Broadcom's Hock Tan and Salesforce's Marc Benioff, McKinsey and PwC.
Business
Tencent's Strong Growth Constrained by AI Chip Shortage
US and Chinese restrictions on Nvidia and other US AI chips is hampering the growth of Tencent's cloud business, limiting sale of services to other ...
Weekly Jobless Rates Stay Flat
Various private firms estimate the weekly jobless rate as remaining nearly unchanged from the previous week as investors look ahead to next week's resumption of ...
China's EV Battery Materials Suppliers Seek Higher Prices
A rally in cobalt prices and a rise in the price of other battery materials is forcing China's battery materials makers to demand higher prices ...
China Industrial Output Growth Slows on Weak Demand
Industrial growth slows to 4.9% as soft domestic demand can't take up slack from a tariff-induced export slowdown
China's Top Contract Chipmaker Sees Strong Q3 Growth, Profits
SMIC reported a 9.7% jump in Q3 revenues and a 29% jump in profits on strong domestic demand even as it warns of jitters from ...
China E-Commerce Giant JD.com Sees 15% Revenue Jump
Robust sales growth during the 3-Day Singles Day shopping event extended stronger-than-expected Q3 growth for JD.com, Alibaba and Pinduoduo.
Volkswagen Bets Future Models on Rivian JV Tech
The vehicle platform and software systems developed in its joint venture with Rivian will be the basis for new Volkswagen and Audi models from 2027.
AI Power Demand Ushers Boom Cycle for Energy Storage
The huge demand for green energy by AI data centers means a 5-year boom in energy storage, according to a UBS analysis.
China Soy Bean Glut to Stymie US Export Hopes
Revenge soybean imports from South America followed by recent US shipments amid trade thaw puts a lid on volume of future purchases from the US.
Microsoft Builds 2nd Denmark Quantum Lab
The new facility will participate in developing the Majorana 1 chip, Microsoft's main entry in the race to develop practical quantum computing.
Nvidia Supplier Foxconn Bullish on AI Demand
Rising demand for AI chips helped Foxconn beat quarterly profit views by 17%.
OpenAI Fights Order to Turn Over 20 Million Chats
Complying with the order would jeopardize confidential user information and the information is 99.99% irrelevant to the New York Times copyright infringement suit, according to ...
Holiday Retail Job Postings Drop
Job postings for stores and restaurants fell 16% from last October, according to Indeed Hiring Lab.
Taiwan 2025 GDP Growth to Approach 6%
Strong Q3 growth of 7.64% on AI chip demand puts Taiwan on track to achieve the strongest GDP growth of any developed economy.
BYD Expects EV Exports to Jump 60%
The Chinese company that passed Tesla last year to become the world's top EV maker is now on track to catch Ford and Honda next ...
K-Shaped Economy Great for Levi's $300 Jeans
Demand for premium denim is growing faster than for basic jeans, inspiring Levi's to expand sales of $400 Blue Tab jeans and $850 jackets.
Masayoshi Son's All-In Bet on OpenAI Pays Off Big
SoftBank reported a doubling of quarterly profits to $16.6 billion on a sustained surge by OpenAI stock.
Ikea Enjoys Rising Profits on Growth of Budget-Conscious Shoppers
The Swedish furniture maker has tried to absorb some of the costs added by Trump tariffs as it woos consumers feeling the pinch from several ...
Meta AI Chief LeCun Exits After Being Passed Over for Alexandr Wang
Mark Zuckerberg is remaking Meta's AI regime in an aggressive bid for AI leadership with massive hiring of AI talent, including Scale AI founder Alexandr ...
Lisa Su Expects AMD Chip Sales to Hit $1 Trillion
CEO Lisa Su estimates that AMD's combined chip sales will hit $1 trillion per year by 2030, with much of the growth coming from AI.
Global EV Sales Growth Hits 23% in October
Sales of EVs and hybrids jumped to 1.9 million units despite a big decline in the North American market.
Japan Manufacturer Sentiment Highest in 4 Years
Manufacturers' sentiment index rose to plus 17, up from plus 8 in October, led by electronics export surge amid a 5% drop in yen since ...
Porsche-Volkswagen Struggles with EV Rollout, China Competition
Porsche SE, owner of a controlling interest in Volkswagen, sees profits plunge amid a delayed EV rollout and stiff competition in China.
Sony Lifts Profit Forecast on Lower Tariffs, Strong Chips
Lower tariffs and strong performance of its chips and entertainment business let Sony raise its profit forecast for the fiscal year ending March 2026 by ...
Tesla's China Sales Plunged 60% from September
October sales fell 35.8% from last year and 60% from September to claim just 3.2% of China's auto sales.
Wall Street Rises on Reopening Deal
House passage of a bill to fund the government until January 30 has produced a jump in share prices of all sectors except healthcare insurers.
Healthcare Shares Fall on Shutdown Deal
A deal to end the government shutdown without extending Affordable Care Act subsidies is causing a 2 - 10% drop in shares of leading healthcare ...
Honda's Biggest Challenge Comes from Chinese EV Makers
Honda's onetime stronghold of Southeast Asia is now being challenged by aggressive Chinese EV makers.
Legal AI Firm Clio Hits $5 Billion Valuation
The latest funding round led by New Enterprise Associates values the legal automation software firm at $5 Billion.
Tsavorite Secures $100 Million in Pre-Orders
Tsavorite Scalable Intelligence OPU chips used by data centers to scale AI workloads is enjoying strong demand amid a boom in AI infrastructure.
OpenAI Weighs Separate AI Healthcare Assistants
Recent high-level hires with healthcare backgrounds appears likely to lead to the creation of AI consumer healthcare offerings.
Major Retailers Promise Cheaper Thanksgiving with a Catch
Retailers seek to achieve more appealing price points for Thanksgiving meals by paring down the variety of their offerings to achieve economies of scale.
China Prices Rise on Curbs on Over-Production, Hyper-Competition
Deflationary pressures eased markedly in October as China's consumer prices resumed rising.
Carmakers Relieved by China's Exemptions for Nexperia Chip Shipments
The relatively simple but absolutely essential chips for carmakers have been exempted from China's export controls on Nexperia, a Dutch subsidiary of the Chinese firm ...
China's Easing of Rare-Earth Restrictions Less than Hoped
The trade deal struck at the APEC summit hasn't made China willing to give up the bargaining power secured by tightening control over rare-earth exports.
NASDAQ Had Worst Week Since April
AI bubble fears were compounded by Jensen Huang's comment about China winning the AI race, led to a 3% drop in the tech-heavy NASDAQ.
Demand for Nvidia's Blackwell Chips Strains Capacity
Despite being locked out of the China market for Nvidia's most advanced Blackwell chips, Jensen Huang seeks capacity output from key partners TSMC, Samsung, SK ...
Consumer Sentiment Sinks Deeper Than Expected
The dawning realization that Trump is determined to continue his disruptive policies that favor the wealthy over the working class appears to have contributed to ...
Musk's Epic Pay Package Elicits Analyst Chuckles
The package is seen as a common-sense way to incentivize Musk not to abandon a sinking ship and work to build the staggering $8.5-trillion valuation ...
China Resumes US Soybean Licenses, Log Imports
US-China trade begins a muted return toward a new normal after last week's uneasy truce following Trump's trade aggression and China's rare-earth counter.
Canada's Fall Job Growth Surprises
A surge of jobs in September and October offset most of Canada's job losses in July and August due to Trump tariffs.
US Holiday Sales to Set New Trillion-Plus Record
The National Retail Federation is projecting a 4.3% rise over the last November-December holiday period.
Musk Wins Vote on $878 Billion Pay Package
Fearing Elon's Musk's departure could tank Tesla's skyhigh share prices, shareholders saw no alternative to handcuffing him for a decade with a record pay package.
October Layoffs Hit 20-Year High
Most of the 175% surge in layoffs were due to adoption of AI to replace tech and white-collar workers as corporate cost-cutting gathers steam.
Ralph Lauren Raises Yearly Forecast on Sales Surge
The quintessential American designer label is reporting biggest sales jump in China followed by Europe and the US, showing that economic uncertainty hasn't dampened luxury ...
Microsoft's Superintelligence Team to Target Medical Diagnosis
The costly new AI team will begin with an application that will put it in direct competition with Meta while avoiding risks often associated with ...
Apple to Beef Up Siri with Google's AI Model
The arrangement would cost Apple $1 billion per year until it completes development of its own high-powered AI model.
World Economic Forum Warns of 3 Bubbles
The international body sees possible bubbles in AI, crypto and debt.
BMW, BYD Competition Heats up with Plants in Hungary
European auto brands consider the challenges posed by the rise and global expansion of Chinese EV brands.
Top Experts Predict AI's Economic Impact
AI growth projections by Nvidia's Jensen Huang, AMD's Lisa Su, Broadcom's Hock Tan and Salesforce's Marc Benioff, McKinsey and PwC.
Tencent's Strong Growth Constrained by AI Chip Shortage
US and Chinese restrictions on Nvidia and other US AI chips is hampering the growth of Tencent's cloud business, limiting sale of services to other ...
Weekly Jobless Rates Stay Flat
Various private firms estimate the weekly jobless rate as remaining nearly unchanged from the previous week as investors look ahead to next week's resumption of ...
China's EV Battery Materials Suppliers Seek Higher Prices
A rally in cobalt prices and a rise in the price of other battery materials is forcing China's battery materials makers to demand higher prices ...
China Industrial Output Growth Slows on Weak Demand
Industrial growth slows to 4.9% as soft domestic demand can't take up slack from a tariff-induced export slowdown
China's Top Contract Chipmaker Sees Strong Q3 Growth, Profits
SMIC reported a 9.7% jump in Q3 revenues and a 29% jump in profits on strong domestic demand even as it warns of jitters from ...
China E-Commerce Giant JD.com Sees 15% Revenue Jump
Robust sales growth during the 3-Day Singles Day shopping event extended stronger-than-expected Q3 growth for JD.com, Alibaba and Pinduoduo.
Volkswagen Bets Future Models on Rivian JV Tech
The vehicle platform and software systems developed in its joint venture with Rivian will be the basis for new Volkswagen and Audi models from 2027.
AI Power Demand Ushers Boom Cycle for Energy Storage
The huge demand for green energy by AI data centers means a 5-year boom in energy storage, according to a UBS analysis.
China Soy Bean Glut to Stymie US Export Hopes
Revenge soybean imports from South America followed by recent US shipments amid trade thaw puts a lid on volume of future purchases from the US.
Microsoft Builds 2nd Denmark Quantum Lab
The new facility will participate in developing the Majorana 1 chip, Microsoft's main entry in the race to develop practical quantum computing.
Nvidia Supplier Foxconn Bullish on AI Demand
Rising demand for AI chips helped Foxconn beat quarterly profit views by 17%.
OpenAI Fights Order to Turn Over 20 Million Chats
Complying with the order would jeopardize confidential user information and the information is 99.99% irrelevant to the New York Times copyright infringement suit, according to ...
Holiday Retail Job Postings Drop
Job postings for stores and restaurants fell 16% from last October, according to Indeed Hiring Lab.
Taiwan 2025 GDP Growth to Approach 6%
Strong Q3 growth of 7.64% on AI chip demand puts Taiwan on track to achieve the strongest GDP growth of any developed economy.
BYD Expects EV Exports to Jump 60%
The Chinese company that passed Tesla last year to become the world's top EV maker is now on track to catch Ford and Honda next ...
K-Shaped Economy Great for Levi's $300 Jeans
Demand for premium denim is growing faster than for basic jeans, inspiring Levi's to expand sales of $400 Blue Tab jeans and $850 jackets.
Masayoshi Son's All-In Bet on OpenAI Pays Off Big
SoftBank reported a doubling of quarterly profits to $16.6 billion on a sustained surge by OpenAI stock.
Ikea Enjoys Rising Profits on Growth of Budget-Conscious Shoppers
The Swedish furniture maker has tried to absorb some of the costs added by Trump tariffs as it woos consumers feeling the pinch from several ...
Meta AI Chief LeCun Exits After Being Passed Over for Alexandr Wang
Mark Zuckerberg is remaking Meta's AI regime in an aggressive bid for AI leadership with massive hiring of AI talent, including Scale AI founder Alexandr ...
Lisa Su Expects AMD Chip Sales to Hit $1 Trillion
CEO Lisa Su estimates that AMD's combined chip sales will hit $1 trillion per year by 2030, with much of the growth coming from AI.
Global EV Sales Growth Hits 23% in October
Sales of EVs and hybrids jumped to 1.9 million units despite a big decline in the North American market.
Japan Manufacturer Sentiment Highest in 4 Years
Manufacturers' sentiment index rose to plus 17, up from plus 8 in October, led by electronics export surge amid a 5% drop in yen since ...
Porsche-Volkswagen Struggles with EV Rollout, China Competition
Porsche SE, owner of a controlling interest in Volkswagen, sees profits plunge amid a delayed EV rollout and stiff competition in China.
Sony Lifts Profit Forecast on Lower Tariffs, Strong Chips
Lower tariffs and strong performance of its chips and entertainment business let Sony raise its profit forecast for the fiscal year ending March 2026 by ...
Tesla's China Sales Plunged 60% from September
October sales fell 35.8% from last year and 60% from September to claim just 3.2% of China's auto sales.
Wall Street Rises on Reopening Deal
House passage of a bill to fund the government until January 30 has produced a jump in share prices of all sectors except healthcare insurers.
Healthcare Shares Fall on Shutdown Deal
A deal to end the government shutdown without extending Affordable Care Act subsidies is causing a 2 - 10% drop in shares of leading healthcare ...
Honda's Biggest Challenge Comes from Chinese EV Makers
Honda's onetime stronghold of Southeast Asia is now being challenged by aggressive Chinese EV makers.
Legal AI Firm Clio Hits $5 Billion Valuation
The latest funding round led by New Enterprise Associates values the legal automation software firm at $5 Billion.
Tsavorite Secures $100 Million in Pre-Orders
Tsavorite Scalable Intelligence OPU chips used by data centers to scale AI workloads is enjoying strong demand amid a boom in AI infrastructure.
OpenAI Weighs Separate AI Healthcare Assistants
Recent high-level hires with healthcare backgrounds appears likely to lead to the creation of AI consumer healthcare offerings.
Major Retailers Promise Cheaper Thanksgiving with a Catch
Retailers seek to achieve more appealing price points for Thanksgiving meals by paring down the variety of their offerings to achieve economies of scale.
China Prices Rise on Curbs on Over-Production, Hyper-Competition
Deflationary pressures eased markedly in October as China's consumer prices resumed rising.
Carmakers Relieved by China's Exemptions for Nexperia Chip Shipments
The relatively simple but absolutely essential chips for carmakers have been exempted from China's export controls on Nexperia, a Dutch subsidiary of the Chinese firm ...
China's Easing of Rare-Earth Restrictions Less than Hoped
The trade deal struck at the APEC summit hasn't made China willing to give up the bargaining power secured by tightening control over rare-earth exports.
NASDAQ Had Worst Week Since April
AI bubble fears were compounded by Jensen Huang's comment about China winning the AI race, led to a 3% drop in the tech-heavy NASDAQ.
Demand for Nvidia's Blackwell Chips Strains Capacity
Despite being locked out of the China market for Nvidia's most advanced Blackwell chips, Jensen Huang seeks capacity output from key partners TSMC, Samsung, SK ...
Consumer Sentiment Sinks Deeper Than Expected
The dawning realization that Trump is determined to continue his disruptive policies that favor the wealthy over the working class appears to have contributed to ...
Musk's Epic Pay Package Elicits Analyst Chuckles
The package is seen as a common-sense way to incentivize Musk not to abandon a sinking ship and work to build the staggering $8.5-trillion valuation ...
China Resumes US Soybean Licenses, Log Imports
US-China trade begins a muted return toward a new normal after last week's uneasy truce following Trump's trade aggression and China's rare-earth counter.
Canada's Fall Job Growth Surprises
A surge of jobs in September and October offset most of Canada's job losses in July and August due to Trump tariffs.
US Holiday Sales to Set New Trillion-Plus Record
The National Retail Federation is projecting a 4.3% rise over the last November-December holiday period.
Musk Wins Vote on $878 Billion Pay Package
Fearing Elon's Musk's departure could tank Tesla's skyhigh share prices, shareholders saw no alternative to handcuffing him for a decade with a record pay package.
October Layoffs Hit 20-Year High
Most of the 175% surge in layoffs were due to adoption of AI to replace tech and white-collar workers as corporate cost-cutting gathers steam.
Ralph Lauren Raises Yearly Forecast on Sales Surge
The quintessential American designer label is reporting biggest sales jump in China followed by Europe and the US, showing that economic uncertainty hasn't dampened luxury ...
Microsoft's Superintelligence Team to Target Medical Diagnosis
The costly new AI team will begin with an application that will put it in direct competition with Meta while avoiding risks often associated with ...
Apple to Beef Up Siri with Google's AI Model
The arrangement would cost Apple $1 billion per year until it completes development of its own high-powered AI model.
World Economic Forum Warns of 3 Bubbles
The international body sees possible bubbles in AI, crypto and debt.
BMW, BYD Competition Heats up with Plants in Hungary
European auto brands consider the challenges posed by the rise and global expansion of Chinese EV brands.
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