US stocks shake off geopolitical flare-up to finish flat
US stocks slumped in the morning after Ukraine’s missile strikes on Russia, but managed to pare those losses by the close. The S&P 500 and Russell 2000 barely broke even, while the Nasdaq 100 posted a...
ByteDance is now worth $300 billion, a fraction of rival Meta, despite growing faster
TikTok’s parent company ByteDance valued itself at $300 billion in a recent buyback offer, marking one of the highest valuations ever for the Chinese tech company, The Wall Street Journal reported ove...
China’s trade surplus just keeps growing, as the world prepares for Trump 2.0
China’s trade surplus is hitting record highs, with customs data from the world’s second-largest economy showing that its export-heavy economy is more export-heavy than ever before. The difference bet...
Tech titans team up to sell AI to US defense and intelligence clients
Last week, the Biden administration directed the government to “Harness the Power of AI for US National Security” in the first-ever National Security Memorandum on AI . AI companies got the message lo...
What Trump’s second administration means for AI
In the nearly four years since Trump left the White House, the AI industry has absolutely exploded. Generative AI has been crammed into pretty much every tech product. White-hot demand for computing r...
Ferrari hits a wall in China
Italian sports-car and luxury-goods company has become the latest to point a finger at China for a contraction in sales volumes. Shares of Ferrari’s US-listed ADR are down 7.5% as of Tuesday afternoo...
Meta wants the US to use its AI for defense and national security
wants the US government to use its Llama AI model for defense and national-security applications. In a press release announcing the new initiative, Nick Clegg, Meta’s president of global affairs, wrot...
The BRICS summit is underway in Russia
Leaders of BRICS, a group of the world’s emerging economies, are attending the group’s 16th summit this week , hosted by Russian President Vladimir Putin in Kazan, a city in southwest Russia. This yea...
Reported US probe of TSMC could hurt its largest customers
Tear down a Huawei product and you allegedly might find chips — even though the US government has banned the chip manufacturer from exporting to China. A Bloomberg investigation published on Tuesday ...
As Mideast war expands, Palantir rises
The market keeps moving, even amid the spiraling tragedy in the Middle East. The rapid deterioration of the situation — which over just the last few weeks has evolved from a war in Gaza to include Isr...
Markets in retreat as Middle East risks mount
Financial markets are on pins and needles after multiple news outlets reported that Iran is planning a missile strike on Israel. This comes on the heels of Israel’s dismantling of Hezbollah’s leadersh...
US aims to block Chinese and Russian vehicles for good
Move over, TikTok , the US government is considering banning Chinese cars like BYD as well. Citing national security risks of hacking and data collection, the Commerce Department has proposed a ban on...
These are the AI companies that the CIA is investing in
A brave anonymous source has leaked a top-secret list of AI companies that the CIA has been pouring millions of investment dollars into. Just kidding… it’s all publicly available on their website. In-...
How much Elon Musk’s SpaceX makes — and could lose — from the American government
The owner of the site formerly known as Twitter posted another bad tweet — and this time it could cost him. Following an apparent second assassination attempt on former president Donald Trump, Elon Mu...
China’s retail investors can finally trade Alibaba shares 10 years after it went public — thanks to a US law
Imagine if American retail investors couldn’t trade Amazon. For years, that’s what it was like for China’s legions of mom and pop investors when it comes to Alibaba, the country’s biggest online retai...
How the battle for the radio spectrum is shaping Ukraine’s future
Two and half years into the Russian invasion of Ukraine, it is clear that the conflict has spilled into a new battlefield — the radio spectrum. The widespread use of cheap, radio-controlled consumer d...
Taiwan is riding AI and iPhones to a boom time
Exports from Taiwan, one of the great gears in the global tech machine, are booming. They soared 16% in August compared to the prior year, as demand for electronic equipment and semiconductors continu...
More people might get to see the US government’s secret TikTok evidence
We know that whatever caused the US government to try and ban TikTok is supposed to be big and bad. But besides the vague idea that the Chinese government could force ByteDance to manipulate its algor...
Smuggling banned Nvidia AI GPUs to China is a big business
The feverish competition to train ever-more-powerful AI models has led to the world’s top tech companies to spend billions of dollars hoarding powerful H100 GPUs. But US export controls prevent the H1...
What China’s tumbling bond yields mean
The Financial Times’ Robin Harding has a nice column interpreting the seemingly relentless decline in Chinese long-term bond yields. (Bond yields fall when bond prices rise.) Essentially, dropping bon...