Reported 2 days ago
President Donald Trump is set to visit Japan and South Korea next week to promote an ambitious $900 billion investment plan aimed at enhancing U.S. manufacturing and infrastructure. Despite Japan and South Korea pledging significant investment amounts, the details remain vague, with Japan proposing $550 billion mainly for its own companies and South Korea offering $350 billion contingent on U.S. loan guarantees. The ongoing negotiations indicate a careful balancing act as both nations seek to preserve their relations with the U.S. while addressing their own economic needs.
Source: YAHOO
Reported 2 days ago
Google's tensor processing units (TPUs), designed for AI tasks, are gaining popularity beyond the company, particularly with a recent deal to supply Anthropic with extensive computing power. This endorsement highlights TPUs as a viable alternative to Nvidia's GPUs, which dominate the AI chip market but are costly and frequently in short supply. Google has improved its TPU technology over the years, making it more efficient and tailored for AI workloads, thus attracting the attention of various AI startups and potentially expanding its cloud services.
Source: YAHOO
Reported 2 days ago
US farmers are experiencing a significant surplus of soybeans this fall, exacerbated by China's withdrawal as a major buyer due to retaliatory tariffs imposed amid the trade war with Trump. With no shipments from China this harvest, American soybean growers are left with vast amounts of unsold crops and concerns that China may increasingly turn to Brazilian and Argentine supplies in the future, creating uncertainty in the market and jeopardizing their income.
Source: YAHOO
Reported 2 days ago
U.S. stock futures rose on Friday morning as investors awaited a significant inflation report that could influence the Federal Reserve's policy decisions. The Dow Jones, S&P 500, and Nasdaq 100 futures experienced modest gains, with investor focus shifting to September's Consumer Price Index data, which is anticipated to show inflation near a 3% annual rate. This data comes amid an ongoing government shutdown and marks the first key economic release since it began. Additionally, shares of Intel surged nearly 7% following a strong third-quarter revenue report.
Source: YAHOO
Reported 2 days ago
Intel's recent third-quarter earnings exceeded Wall Street expectations, driven by revenue growth and significant investments from SoftBank, the U.S. government, and Nvidia. While the company shows signs of recovery after a series of quarterly losses, its foundry business remains a concern, prompting CEO Lip-Bu Tan to implement layoffs and focus on building trust with potential customers. The Trump administration's investment conditions also stress the importance of maintaining the foundry as part of Intel's long-term strategy.
Source: YAHOO
Reported 2 days ago
French President Emmanuel Macron has called on EU leaders to contemplate using the bloc's strongest trade tool in response to China's planned export controls on critical raw materials. At a recent summit, he emphasized the need to address what he labeled as economic coercion from China, which could significantly impact European industries and security. While Germany's Chancellor acknowledged the discussion, no decision has been made on implementing the anti-coercion instrument, leaving it up to the European Commission to develop options for negotiations.
Source: YAHOO
Reported 2 days ago
President Trump has terminated trade negotiations with Canada following an advertisement against his tariffs featuring Ronald Reagan's voice, labeling it as harmful to national security and the economy. Meanwhile, Trump is set to meet with Chinese President Xi Jinping next Thursday in an attempt to address escalating trade tensions. The U.S. is considering export restrictions to China and ongoing negotiations aim to stabilize the fragile trade relationship between the two nations.
Source: YAHOO
Reported 2 days ago
Google has announced a significant deal with Anthropic, providing up to 1 million AI chips valued at tens of billions of dollars. This partnership enhances Anthropic's computing capabilities and strengthens Google's role in the competitive AI market. The specialized chips, known as tensor processing units (TPUs), are expected to be deployed by 2026, significantly advancing the development of large AI models. This collaboration comes amid rising costs for cutting-edge AI systems and follows substantial investments from both Google and Amazon in Anthropic.
Source: YAHOO
Reported 2 days ago
Apple has commenced the shipment of artificial intelligence servers produced at its Houston factory, marking a significant step in the company's planned $600 billion investment in the U.S. over the next few years. These servers are equipped with special chips designed to maintain privacy features similar to those on Apple's iPhones and Macs. The servers will be deployed in Apple's data centers across the U.S., with intentions to further expand production capabilities.
Source: YAHOO
Reported 2 days ago
Anthropic, an AI startup, is set to open a new office in South Korea as part of its expansion strategy in Asia, according to Chief Commercial Officer Paul Smith. With a significant rise in users of its AI coding tool, Claude Code—especially in South Korea—Anthropic aims to triple its international workforce and focus on enterprise business. The company, which currently has over 300,000 enterprise customers and nearly 80% of its usage from outside the U.S., is also planning offices in Tokyo and Bengaluru and looking for local partnerships in Asia.
Source: YAHOO
Reported 2 days ago
Anthropic has secured a multibillion-dollar agreement with Google to obtain up to 1 million AI chips, enhancing the computing power for its chatbot Claude. The deal, valued at tens of billions, is expected to generate over a gigawatt of capacity by 2026, enough energy to power approximately 350,000 homes. Founded by former OpenAI leaders, Anthropic has reached a $183 billion valuation as it competes in the AI sector.
Source: YAHOO
Reported 2 days ago
U.S. weekly rail traffic continued to decline for the week ending October 18, 2025, with a total of 498,462 carloads and intermodal units, representing a 1.3% decrease compared to the same week in the previous year. This marks the fifth time in seven weeks that rail traffic has fallen below 2024 levels. Year-to-date figures show a 2.7% increase in overall volume, with notable growth in nonmetallic minerals, metallic ores, and chemicals, while declines were observed in non-specific carloads and grain.
Source: YAHOO
Reported 2 days ago
Digital Realty Trust has raised its forecasts for core funds from operations and revenue, anticipating a surge in demand for data center services driven by the boom in artificial intelligence. The company's leasing activity is expected to grow as large cloud providers invest heavily in AI infrastructure, with projected spending exceeding $360 billion in 2025. Digital Realty's collaboration with Dell Technologies and DXC aims to enhance customer access to AI through managed data centers.
Source: YAHOO
Reported 2 days ago
After a period of diplomatic engagement, the Trump administration unexpectedly announced significant sanctions against Russia's two largest oil producers, Rosneft and Lukoil. This move comes after Trump's frustrations with Russia's lack of concessions and escalating violence in Ukraine. While the sanctions aim to disrupt Russia's oil exports, experts are divided on their potential impact, noting that Russia may adapt to mitigate losses, particularly if India reduces its oil imports from Moscow.
Source: YAHOO
Reported 2 days ago
VeriSign reported a 7.3% increase in third-quarter revenue, totaling $419.1 million, driven by strong demand for domain registrations as businesses seek to enhance their online presence. The company's net profit also rose to $213 million, highlighting the ongoing trend of businesses opting for memorable domain names amid increased internet usage.
Source: YAHOO
Reported 2 days ago
The Trump administration has reopened Alaska's Arctic National Wildlife Refuge's coastal plain for oil and gas leasing, reversing a ban previously set by the Biden administration. Interior Secretary Doug Burgum announced that a lease sale would occur this winter, emphasizing domestic fossil fuel production. Environmentalists and native Alaskans raised concerns about the potential harm to wildlife such as arctic foxes and polar bears, arguing that the risks outweigh the benefits of drilling in the area.
Source: YAHOO
Reported 2 days ago
Target plans to eliminate approximately 1,800 corporate roles as part of its strategy to address ongoing stagnant sales, according to a report by the Wall Street Journal. This restructuring follows 11 quarters of weak sales performance and will predominantly impact U.S.-based employees, with about 80% of the cuts affecting them. The company had around 440,000 employees as of early February and cited weak demand in discretionary categories as a factor in maintaining its annual forecasts.
Source: YAHOO
Reported 2 days ago
Canadian Prime Minister Mark Carney aims to meet Chinese President Xi Jinping as part of his efforts to ease trade tensions caused by tariffs between Canada and China. Carney hopes to discuss a 'strategic relationship' during the Asia-Pacific Economic Cooperation summit in South Korea, with priorities including expanding energy and agricultural trade with China. With a backdrop of complex negotiations with the US, Carney's government is examining its tariffs on Chinese imports while seeking to enhance bilateral engagement.
Source: YAHOO
Reported 2 days ago
AI data center startup Crusoe has announced it is raising $1.38 billion at a valuation of around $10 billion in its Series E funding round, co-led by Valor Equity Partners and Mubadala Capital, with participation from major investors like Nvidia and Fidelity Management. Since its founding in 2018, Crusoe has raised approximately $3.9 billion and recently launched the first phase of its 1.2 gigawatt data center in Abilene, Texas.
Source: YAHOO
Reported 2 days ago
Equinix, a leading U.S. data center operator, is expanding in Brazil, which it views as a priority market, according to Eduardo Zago, managing director for Latin America. With eight existing data centers and another under construction, the company is capitalizing on the high demand for data center infrastructure driven by the surge in artificial intelligence usage. Brazil's government is promoting investment in this sector by proposing tax exemptions on related equipment. Equinix plans to continue its expansion based on market demand and has also acquired additional land for future growth.
Source: YAHOO
Reported 2 days ago
Intel reported strong third-quarter earnings and is strategizing to leverage Nvidia's dominance, particularly in AI and data centers. CEO Lip-Bu Tan's plan focuses on enhancing Intel's CPU offerings while aiming to attract external customers for their foundry services. Analysts highlight the importance of partnerships and successful product roadmaps to solidify Intel's position in the competitive landscape.
Source: YAHOO
Reported 2 days ago
Ford exceeded Q3 earnings expectations but anticipates a $1.5 billion hit to its EBIT due to a fire at the Novelis aluminum plant, impacting F-150 production. The automaker also lowered its full-year guidance but plans to increase truck production in 2026. Despite challenges, Ford enjoyed strong sales, particularly in trucks and electric vehicles, achieving its best EV sales for the quarter.
Source: YAHOO
Reported 2 days ago
Applied Materials announced it will lay off about 4% of its workforce, totaling approximately 1,400 jobs, as part of efforts to streamline operations in response to tighter U.S. export controls on semiconductor technologies. The company expects to incur a charge of $160 million to $180 million for the layoffs, which will mostly affect the fourth quarter of fiscal 2025. This decision comes after the U.S. government intensified restrictions on exporting chipmaking equipment, significantly impacting the company’s operations and future revenue projections.
Source: YAHOO
Reported 2 days ago
Anthropic is expanding its collaboration with Google to utilize up to one million of the tech giant’s AI chips, valued in the tens of billions, for training its Claude chatbot. The agreement, announced on October 23, 2025, grants Anthropic access to over one gigawatt of computing power set to launch in 2026, making use of Google's tensor processing units (TPUs). This move highlights the surging demand for chips in the AI sector as companies strive to create advanced technologies that can rival human intelligence.
Source: YAHOO
Reported 2 days ago
Target has revealed plans to lay off approximately 1,000 corporate employees and close 800 open positions, which represents about 8% of its global corporate workforce. This decision by incoming CEO Michael Fiddelke comes in response to shifting consumer purchasing habits and declining sales over the past three quarters. The layoffs are intended to streamline operations, although they coincide with a crucial holiday shopping period, and follow a controversial retreat from diversity and inclusion programs.
Source: YAHOO