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Financial markets around the world were slammed on Monday, as investors recoiled from the prospects of a severe economic downturn sparked by the escalating trade war. In Asia, trading was extremely volatile throughout the day. Among the markets hardest hit were Hong Kong, where stocks plunged more than 12 percent, and Taiwan, which tumbled 10 […]
When President Trump first pushed tariffs on China in 2018, Apple began moving more production of iPads and AirPods to Vietnam and iPhones to India. But with Mr. Trump’s return to the White House, that strategy may have backfired for the world’s most valuable publicly traded company. On Wednesday, Mr. Trump said that the United […]
Amazon is looking to expand its competitor to Temu and Shein beyond the U.S. The company intends to launch its discount storefront, called Haul, in Europe later this year, according to two people familiar with the matter who asked not to be named because the plans are confidential. Recent job postings indicate Amazon is eyeing […]
U.S. President-elect Donald Trump and Bitcoin. Cheney Orr | Dado Ruvic | Reuters Cryptocurrencies tumbled in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs. The price of bitcoin fell 2% Monday to $95,722.77, down from a price above $102,000 before the weekend, according to Coin Metrics. The […]
BYD Shark plug-in hybrid electric pickup truck Michael Wayland / CNBC DETROIT — There’s a Shark circling one of the greatest profit pools for American automakers globally, as Chinese automaker BYD Auto expands its reach and product portfolio with a pickup truck. Without the vehicle’s branding badge, the BYD Shark could pass as an American-made […]
The Biden administration issued sweeping rules on Monday governing how A.I. chips and models can be shared with foreign countries, in an attempt to set up a global framework that will guide how artificial intelligence spreads around the world in the years to come. With the power of A.I. rapidly growing, the Biden administration said […]
The next big fight over offshoring is playing out in Washington, and this time it involves artificial intelligence. The Biden administration, in its final weeks in office, is rushing to issue new regulations to try to ensure that the United States and its close allies have control over how artificial intelligence develops in the years […]
Delta Air Lines on Friday sued CrowdStrike in a Georgia state court after a global outage in July caused mass flight cancellations, disrupted travel plans of 1.3 million customers and cost the carrier more than $500 million. Delta’s lawsuit filed in Fulton County Superior Court called the faulty software update from CrowdStrike “catastrophic” and said the firm “forced untested and faulty updates to its […]
