Business

“Flooding the Market”: US Cookware Firms Demand Tariffs on Chinese Goods

American kitchenware companies, including American Pan and Chicago Metallic, are asking the US Commerce Department for new tariffs, claiming China is "flooding the market" with low-cost commercial cookware. Their products, used for baking bread, muffins, and croissants, are part of a 700-item list submitted for "steel derivative" tariffs. These firms, along with others like Guardian Bikes and Red Gold, argue they are at an "unfair"...

Apple’s $1B ‘Walled-Off’ Gamble on Google’s Gemini AI

Apple is taking a $1 billion-a-year gamble, betting on Google's Gemini AI to fix Siri while simultaneously building a "walled-off" garden to protect its data. This "interim solution" will see the 1.2 trillion parameter model integrated into the new "Linwood" Siri. This move, part of the "Glenwood" project, is a tacit admission that Apple's 150-billion parameter models are not enough. Google's "ultrapowerful" AI, which won...

Norway’s $17bn Stake: Musk Deal is Too Big, Too Risky

Norway's sovereign wealth fund, which holds a $17 billion stake in Tesla, has come out against Elon Musk's $1 trillion pay package, concluding it...

Russian Oil’s China Market Crumbles Under Weight of New Sanctions

Russia's dominant position in the Chinese oil market is crumbling under the weight of new Western sanctions. A "buyers' strike" has been initiated by...

The $5 Trillion Tech Shift: Nvidia and the New AI Economy

The $5 trillion valuation reached by Nvidia on Wednesday is more than a stock market record; it signals the arrival of a new AI...

Trump Confident of Success in Thursday’s “Big Meeting” with Xi

President Donald Trump is expressing strong confidence in the success of his "big meeting" with Chinese President Xi Jinping, scheduled for this Thursday in...

Elon Musk Appeals Directly to Tesla Investors Over Billion-Dollar Pay Deal

Elon Musk made a direct appeal to Tesla investors during the company's earnings call, asking them to approve his trillion-dollar compensation package despite proxy...

Trump: ‘all trade negotiations with Canada are hereby terminated’

President Donald Trump has announced that "all trade negotiations with Canada are hereby terminated." the decision was a swift response to a Canadian  ad. The...

GM’s Upward Revision Signals Confidence Despite EV Market Hurdles

General Motors is signaling confidence with an upward revision to its financial forecast, despite electric vehicle market hurdles. The company now expects adjusted core...

SVB Déjà Vu: Small Bank Woes Trigger Big Market Moves

It was a case of SVB déjà vu as bad loan woes at two small US regional banks triggered major moves in global markets....

Stock Market “Correction” and AI Hype Could Derail Global Growth, Warns IMF

A fragile sense of optimism in the global economy is being threatened by overvalued stock markets and hype surrounding artificial intelligence, the International Monetary...

China Draws a Red Line: “We Are Not Afraid” of a Trade War

In a powerful rebuke to Washington, Beijing has drawn a clear red line, declaring that while it does not seek a trade war with...

Zero ROI on AI? MIT Study Fuels Bank of England’s Bubble Fears

The Bank of England is growing increasingly worried about a potential AI bubble, and a recent MIT study showing minimal returns on AI investment...

For Just One Cent Per Share: OpenAI Gains Option for 10% of AMD in Monumental Chip Agreement

A stunning provision within the new multibillion-dollar deal between OpenAI and AMD grants the AI leader the ability to acquire a 10% stake in...