Reported 4 days ago
In the midst of a trade war with the U.S., China's daily exports reaching about $1 billion highlight the country's critical role in global supply chains, despite U.S. tariffs. Recent data reveals that certain Chinese products, particularly in electronics and rare earths, continue to see strong demand in the U.S., underpinning China's economic growth and giving President Xi Jinping leverage in upcoming trade negotiations. While overall trade has declined, specific sectors such as e-cigarettes and refined copper are thriving, showcasing the complexity and interdependence of U.S.-China trade relations.
Source: YAHOO
Reported 4 days ago
OpenAI has launched a new web browser called ChatGPT Atlas, marking its entry into direct competition with Google in the browser market.
Source: YAHOO
Reported 4 days ago
OpenAI has introduced the Atlas browser, positioning it as a competitor to Google Chrome in the tech market.
Source: YAHOO
Reported 4 days ago
Asian shares dipped as technology stocks faced selling pressure after a lackluster performance on Wall Street. Key markets like Hong Kong and Shanghai saw declines, while U.S. futures rose slightly. President Trump cast uncertainty over his upcoming meeting with Chinese leader Xi Jinping amid trade tensions, although he expressed optimism about negotiations. Despite some gains in companies like General Motors, major tech stocks exerted downward pressure on markets, reflecting broader concerns over profit growth and the implications of the U.S. government shutdown on economic data.
Source: YAHOO
Reported 4 days ago
China has formally warned Australia to halt provocations involving military aircraft after an incident in the South China Sea. Beijing accused Canberra of distorting facts regarding a Chinese jet's interception of an Australian patrol plane and urged Australia to avoid undermining bilateral ties. The situation reflects the growing military tensions in the Asia-Pacific region while Australia seeks to balance its relationships with both China and the US amid a military expansion plan.
Source: YAHOO
Reported 4 days ago
A group including Prince Harry, Geoffrey Hinton, and Steve Bannon is urging for a ban on AI superintelligence until it can be developed safely, according to a statement from the Future of Life Institute. This coalition of scientists and public figures emphasizes the need for a broad scientific consensus on safe AI deployment, aligning various professionals across the political spectrum in their shared concern for a future where machines serve humanity rather than control it. Recent polls indicate strong public support for regulated AI development.
Source: YAHOO
Reported 4 days ago
Analysts on Wall Street are split about the potential effects of an upcoming meeting between Donald Trump and Xi Jinping on China's struggling stock market. While some firms like Bank of America and Goldman Sachs remain optimistic, suggesting the meeting could spur a recovery in Chinese stocks, others such as Morgan Stanley caution against investing until trade tensions show signs of resolution. As Chinese equities have recently declined, the key question remains whether this presents a buying opportunity or signifies deeper issues ahead.
Source: YAHOO
Reported 4 days ago
A Florida federal judge has convened a grand jury for January in connection with allegations of a conspiracy against Donald Trump, as stated by his ally, Mike Davis. In a recent media appearance, Davis suggested that this grand jury is part of a broader investigation into potential misconduct by political opponents of Trump, highlighting claims made by former officials from the Obama administration. The implications of this investigation and its alignment with ongoing claims of past conspiracies against Trump continue to spark controversy.
Source: YAHOO
Reported 4 days ago
Japan's exports rose 4.2% in September, driven by strong shipments to Asia, even with declining exports to the U.S. impacted by President Trump's tariffs. Exports to Asia increased by 9.2%, while those to the U.S. fell 13.3%. Meanwhile, Japan's imports grew 3.3%, notably with a 9.8% rise from China. These developments come as Sanae Takaichi was recently elected as Japan's first female prime minister, signaling potential for economic changes amidst ongoing trade tensions.
Source: YAHOO
Reported 4 days ago
An activist investor group, including NFL star Travis Kelce, has purchased nearly 9% of Six Flags Entertainment and plans to collaborate with the company's leadership to enhance its struggling business. The group's efforts follow significant losses for Six Flags, as attendance dipped and shares fell over 47% this year. Kelce expressed his commitment to improving the theme park experience for future generations.
Source: YAHOO
Reported 4 days ago
Samsung and Google have launched the Galaxy XR mixed reality headset, powered by the new Android XR operating system, co-developed with Qualcomm. Priced at $1,799, the headset rivals Apple's Vision Pro and Meta's Quest 3, featuring advanced passthrough vision and eye-tracking. The partnership centers around integrating Google's Gemini AI, which promises to enhance user interaction by providing information based on the user's environment. With plans for future smart glasses, including wired and wireless models, Samsung and Google are positioning themselves to compete against other tech giants like Meta and Apple in the emerging smart glasses market.
Source: YAHOO
Reported 4 days ago
In a bid to alleviate concerns over new export restrictions on rare earths, China held a significant meeting with representatives from over 170 foreign companies, asserting that these measures are intended to protect global stability rather than disrupt normal trade. Vice Commerce Minister Ling Ji emphasized that legitimate transactions would continue to be approved, even as tensions rise between China and the U.S. following the announcement of these controls, which have prompted reactions from various governments and a race to secure alternative supplies.
Source: YAHOO
Reported 4 days ago
President Trump's nominee for the Office of Special Counsel, Paul Ingrassia, has withdrawn his nomination after Republican senators expressed they would not support his confirmation. Ingrassia announced his withdrawal ahead of a committee hearing, citing insufficient Republican votes, and noted he would continue to serve the Trump administration. His nomination faced challenges following revelations of controversial text messages he sent, including derogatory comments related to civil rights.
Source: YAHOO
Reported 4 days ago
The Electric Playhouse, a high-tech virtual arcade on the Las Vegas Strip, has filed for bankruptcy just one year after opening. The arcade's operations are hindered by pending eviction and unpaid debts, with court documents revealing assets between $1 million and $10 million. Despite its innovative gaming experience, the arcade struggled amid a significant drop in tourism in Las Vegas this summer. The bankruptcy filing seeks to expedite payments for current employees.
Source: YAHOO
Reported 4 days ago
Gold and silver prices continued to decline following significant sell-offs, with gold falling near $4,000 an ounce after a steep drop attributed to profit-taking amidst fears of overvaluation. Investors are assessing recent hawkish comments from the Federal Reserve and ongoing geopolitical tensions. Despite the recent drop, gold has experienced a surge this year but may enter a phase of consolidation according to analysts.
Source: YAHOO
Reported 5 days ago
U.S. stock futures were stable on Tuesday night as investors prepared for upcoming earnings reports, particularly from Tesla, following Netflix's disappointing results which saw its shares drop over 6%. The Dow Jones Industrial Average reached a new record earlier in the day, supported by positive earnings from companies like General Motors and Coca-Cola. Meanwhile, uncertainty lingered due to trade talks with China and expectations for a Federal Reserve rate cut later this month.
Source: YAHOO
Reported 5 days ago
The Trump Administration, led by Agriculture Secretary Brooke Rollins, announced the resumption of $3 billion in farmer aid that had been stalled by a government shutdown. This decision comes as the USDA prepares to restart critical services for farm loan processing and financial guarantees to protect farmers against crop price fluctuations. The move aims to maintain agricultural support during a challenging political standoff, with plans for further assistance in response to trade impacts from China.
Source: YAHOO
Reported 5 days ago
Elon Musk has publicly criticized NASA's interim administrator Sean Duffy, opposing Duffy's proposal to integrate NASA into the Department of Transportation and expressing dissatisfaction with the agency's lunar lander development delays. Meanwhile, Jared Isaacman, a fintech billionaire and Musk ally, has voiced his respect for Duffy while advocating for NASA's continued excellence. The ongoing tensions come as the nomination process for NASA's leadership heats up amid industry speculation and proposed budget cuts.
Source: YAHOO
Reported 5 days ago
Gap Inc. has announced its participation in President Donald Trump's upcoming celebration of the United States' 250th anniversary, which may include a product launch or marketing campaign. CEO Richard Dickson has been politically active and has engaged with Trump's administration on matters like tariffs. Although specific details about Gap's involvement are still in development, the anniversary festivities are a significant focus for the administration, with plans already underway by other companies, such as Walt Disney.
Source: YAHOO
Reported 5 days ago
Anthropic is reportedly in early negotiations with Google to secure a cloud computing deal valued in the tens of billions, enhancing the AI firm's capabilities. While talks are ongoing and details may change, this partnership reflects Google's prior investment in Anthropic, which has been rapidly increasing in valuation amidst the competitive AI landscape.
Source: YAHOO
Reported 5 days ago
Netflix co-CEO Ted Sarandos has firmly stated that the company has no interest in acquiring legacy media networks amid rumors of a potential buyout of Warner Bros. Discovery (WBD). Following WBD's announcement to explore strategic alternatives, Sarandos reiterated Netflix's commitment to organic growth and emphasized that any potential deals would need to align with the company’s strategic goals. Despite the recent industry consolidation trend, he believes Netflix can continue to thrive without making significant acquisitions.
Source: YAHOO
Reported 5 days ago
AI startup Anthropic is reportedly in discussions with Google to secure cloud computing services worth tens of billions of dollars. The deal, still unfinalized, aims to bolster Anthropic's computing power as it competes with OpenAI. Anthropic, which is backed by major investors including Google and Amazon, is projected to significantly increase its annual revenue, targeting $9 billion by the end of 2025.
Source: YAHOO
Reported 5 days ago
LangChain, an open source startup focused on AI agent frameworks, has secured $125 million in funding, boosting its valuation to $1.25 billion. Founded in 2022 by Harrison Chase, the company initially gained traction by simplifying the development of applications using large language models. The latest investment round was led by IVP, with participation from new investors CapitalG and Sapphire Ventures, as well as existing investors Sequoia, Benchmark, and Amplify. LangChain has introduced updates to its key products and continues to thrive within the open source community.
Source: YAHOO
Reported 5 days ago
Northern Data has withdrawn its annual forecast for 2025, citing ongoing evaluations of potential strategic transactions and market dynamics in graphics processing units. The company noted improved customer usage of its GPU capacities following a second-quarter technology upgrade. Additionally, over 15,000 of its 22,000 GPUs have been allocated to clients. Concurrently, video platform Rumble made a bid to acquire Northern Data, potentially valued at around $1.17 billion.
Source: YAHOO
Reported 5 days ago
Gold prices fell dramatically on Tuesday, registering the biggest one-day decline in over a decade after reaching record highs amid economic instability. Spot gold plunged 6% to approximately $4,120 per troy ounce, following an all-time high of nearly $4,400. Analysts suggest that a resolution to the ongoing U.S. government shutdown and a potential trade deal with China may stabilize gold prices in the near future. Despite this drop, gold remains up 57% since the beginning of 2025, with other precious metals like silver also experiencing significant declines.
Source: YAHOO