News

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Thu, 17 Jul 2025 03:30:07 GMT

GM to shift production

GM will shift Cadillac Escalade production to Michigan and boost output of gas-powered Chevy Silverado and GMC Sierra pickups as part of a $4B U.S. investment plan.

Wed, 16 Jul 2025 21:30:06 GMT

Bahrain and U.S. firms build alliances

Bahrain and U.S. firms signed $17B in deals to boost ties and cooperate in aviation, tech, industry, and investment, Bahrain's state news agency reported.

Wed, 16 Jul 2025 18:30:04 GMT

Big U.S. banks make profit

Big U.S. banks are upbeat on investment banking after Q2 rebound but remain wary of tariffs and the economy. Trading desks gained from market volatility.

Wed, 16 Jul 2025 15:30:05 GMT

Goldman Sachs to finance housing in NY

Goldman Sachs will fund a $270M project to build 385 affordable apartments in East New York, amid NYC's housing crisis and rising rents.

Wed, 16 Jul 2025 12:30:08 GMT

UK inflation rises

UK inflation rose to 3.6% in June, the highest in over a year, beating forecasts. It's up from 1.7% last September and near the Bank of England's 3.7% peak estimate.

Wed, 16 Jul 2025 09:30:03 GMT

Trump announces tariff on Indonesia

Trump announced a 19% tariff on Indonesian goods and hinted at more deals, aiming to cut the U.S. trade deficit and target more countries with new tariffs.

Wed, 16 Jul 2025 06:30:04 GMT

Apple invests in rare earth metals

Apple will invest $500M in MP Materials to boost U.S. rare earth supply and iPhone production, reducing reliance on China amid U.S. manufacturing push.

Wed, 16 Jul 2025 03:30:05 GMT

Trump trusts UK

Trump said he trusts the UK to defend the U.S. but doubts the EU and NATO, influencing his decision not to sign a trade deal with the EU.

Tue, 15 Jul 2025 21:30:03 GMT

Oracle to invest in AI cloud

Oracle will invest $3B in AI and cloud in Germany ($2B) and the Netherlands ($1B) over 5 years to meet rising demand, the company announced Tuesday.

Tue, 15 Jul 2025 18:30:06 GMT

Nissan to close plant in 2028

Nissan will stop making cars at its Oppama plant by March 2028, moving operations to Fukuoka as part of a global plan to cut production capacity.

Tue, 15 Jul 2025 15:30:04 GMT

Rio Tinto appoints new CEO

Rio Tinto named iron ore head Simon Trott as new CEO, replacing Jakob Stausholm. Trott has been with the company for over 20 years and led key profits since 2020.

Tue, 15 Jul 2025 12:30:04 GMT

Nvidia to resume sales to China

Nvidia plans to resume H20 AI chip sales to China, despite U.S. export curbs that could cost $15B. The move follows CEO's visit to Beijing and Trump meeting.

Tue, 15 Jul 2025 09:30:04 GMT

China's economy slows

China's economy slowed less than expected in Q2, but weak demand and global risks may force more stimulus as exports fade and consumer confidence stays low.

Tue, 15 Jul 2025 03:30:04 GMT

Zuckerberg to testify in $8B trial

Mark Zuckerberg will testify in an $8B trial accusing Meta of running Facebook illegally and violating a 2012 FTC deal by mishandling user data.

Mon, 14 Jul 2025 21:30:05 GMT

Nvidia sees no threat from China

Nvidia's CEO downplayed U.S. fears over China's military using its chips, saying they can't rely on them. He also called export curbs counterproductive.

Mon, 14 Jul 2025 18:30:04 GMT

China's exports rise

China's exports picked up in June, imports rebounded, as firms raced to beat a fragile US-China tariff truce ahead of an August deadline that could revive 100%+ duties.

Mon, 14 Jul 2025 15:30:05 GMT

Australia PM wants more collaboration with Asia

Australia PM Albanese urges closer China ties on green steel, while pressing Beijing to curb excess output. Iron ore trade to earn Australia A$105B this year.

Mon, 14 Jul 2025 14:05:03 GMT

Apple investors worry about the future

Apple faces pressure to boost its lagging AI efforts as shares fall 16% in 2024. Investors urge bold moves, including big acquisitions and top AI talent hires.

Mon, 14 Jul 2025 12:30:06 GMT

Bitcoin passes $120,000

Bitcoin hit a record $121,207, topping $120K for the first time, as investors eye policy wins. It last traded up 1.6% at $121,015.

Mon, 14 Jul 2025 09:30:04 GMT

Trump tariffs threaten Big Pharma

A 200% tariff would spike costs, squeeze profits, and disrupt supply chains, risking drug shortages and higher prices even with a delayed start.

Mon, 14 Jul 2025 06:30:07 GMT

Nissan to cooperate with Honda

Nissan may build Honda pickups at its underused Mississippi plant. Talks come amid rising Chinese competition and U.S.-Japan auto trade talks.

Mon, 14 Jul 2025 03:30:04 GMT

Australia moves forward with CBDC

Australia's Project Acacia picks 14 firms to trial tokenised asset settlement and CBDC, led by the RBA and DFCRC, to boost digital finance innovation.

Fri, 11 Jul 2025 21:30:05 GMT

UK's GDP falls

UK GDP fell 0.1% in May after April's 0.3% drop, missing growth forecasts. Industrial and construction slumps offset slight services gains.

Fri, 11 Jul 2025 18:30:11 GMT

Burger costs may go up thanks to Trump

Trump's planned 50% tariff on Brazilian goods may hike U.S. hamburger beef costs, hitting meat firms already hurt by tight cattle supplies and import bans.

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