US Secretary of State Antony Blinken Calls on China to Treat American Companies Fairly During Visit to Shanghai

US-China Rivalry Could Shrink Global Economy By 7%, IMF Finds

Differences between Western nations led by the U.S. and China-aligned economic blocs threaten global trade cooperation and economic growth, as a top IMF official warned. Escalating tensions between Washington and Beijing could potentially cost the world's GDP up to 7%.


Tesla Senior Executive To Be Relocated to China Following More Declining Sales

Tesla is sending senior executive Tom Zhu back to China following declining sales in the competitive electric car market. The company hopes to address challenges in the region.

Taylor Swift Bill Signed Into Law by Minnesota Governor to Boost Protections for Online Ticket Buyers

Minnesota Governor Tim Walz has signed the "Taylor Swift bill" into law to boost protections for online ticket buyers.

Apple's 10% iPhone Discount Boosted China Shipments to 12% in March

A surge of approximately 12% in iPhone shipments was recorded in China for the month of March, thanks to up to 10% discounts initiated by Apple and its partners. This follows a 37% sales decline earlier in 2024 and heightened competition from Huawei.


Latest News

Republicans Urge Joe Biden to Stop French Company From Working on Nuclear Power Projects With Russia's Rosatom
Republican lawmakers urged President Joe Biden to block a French company from collaborating on nuclear power projects with Russia's Rosatom.
Mini Gold Bars Are Causing a Frenzy in South Korea as Buyers Rush to Get Them in Convenience Stores, Vending Machines
Mini gold bars are selling like hot cakes in South Korea's biggest convenience store chain, CU.
New York Is the World's Richest City, With Its Millionaires and Billionaires' Wealth Greater Than GDPs of Brazil, Canada, Italy
A new survey shows that New York City is home to 349,500 millionaires and 60 billionaires, making it the wealthiest city in the world.
Amgen
Amgen witnessed an impressive 12% surge in its shares on Friday, marking its most substantial single-day increase in nearly 15 years.
Steward Health Care Puts All 31 Hospitals up for Sale to Address $9 Billion Debt After Filing for Bankruptcy
Steward Health Care has reportedly listed all its 31 hospitals in the United States for sale to pay off its $9 billion debt.
Microsoft Launches New Offline AI Service for US Spies
Microsoft created an offline generative AI model for US intelligence that uses GPT-4 securely. Microsoft Corp. has launched a generative AI model that is completely separate from the internet, claiming that US spy agencies may now safely use the sophisticated technology to examine sensitive information.
NBA Champion Kyle Kuzma Joins Scrum Ventures as Adviser for Its Sports and Entertainment Fund
NBA champion Kyle Kuzma has recently taken on a new role as an adviser to an early-stage venture firm called Scrum Ventures.
Spirit Airlines Offers Early Departure Packages to Salaried Employees: Here's Why
Ted Christie pointed out the dominance of profits by a handful of major carriers like American Airlines, Delta Air Lines, United Airlines, and Southwest Airlines, who together hold 78% of US domestic airline seats.
Amazon Rolls Out First Fleet of Electric Seaport Trucks in a Bid to Reduce Pollution
Amazon unveiled Tuesday its first fleet of Volvo electric trucks, which will be used to get cargo at the country's busiest container seaport in Southern California.
OpenAI Buys Rockset, Integrates Team and Tech to Improve Enterprise Data Accessibility
OpenAI is working on a feature for ChatGPT that would allow it to search the web and cite sources in its results, possibly competing with Alphabet Inc.'s Google and the AI search firm Perplexity.
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