Apple offers rare iPhone discounts in China as foreign smartphone sales drop

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  Tesla's Annual Sales Dropped for the First Time—but the EV Industry Keeps Growing

  Electric vehicle sales are growing globally overall, despite Tesla's recent slump.
  
  Wired - 1d
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  China’s box office takings drop by a quarter as viewers turn to streaming

  Lack of blockbusters, pandemic aftereffects and hard economic times blamed for 2024 slump
  
  Financial Times - 1d

• Foreign phone sales plunge 47% in China, spelling trouble for Apple

  Apple is under pressure in China as a result of rising competition from domestic brands, in particular Huawei.
  
  CNBC - 2d

• Apple offers holiday discount in China as Huawei competition heats up

  Apple is facing heightened competition from a resurgent Huawei and other domestic brands.
  
  CNBC - 2d

• Tesla's annual sales drop for the first time in a decade

  Tesla's increase in global sales in the fourth quarter was not enough to overcome a sluggish first half of the year.
  
  CBS News - 3d
• 

  China’s electric-vehicle leader BYD posts record sales in 2024

  Bigger companies beat targets as intense competition rocks world’s biggest car market
  
  Financial Times - 3d
• 

  China is forcing out foreign car companies

  This year has been troubling for almost all foreign carmakers in that country, which boasts the world’s largest car market.
  
  The Hill - 4d

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  Apple’s ‘Severance’ and Netflix’s ‘The Night Agent’ return for new seasons, while Max rolls out the throwback hospital drama ‘The Pitt’
  
  MarketWatch - 5h

• Biden signs the Social Security Fairness Act. Millions of people could see more in benefits as a result.

  President Joe Biden signed a bill on Sunday that will repeal two laws previously preventing many public employees from receiving Social Security benefits.
  
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• Why DraftKings is betting on a subscription service that gives members improved odds

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• Surgeon general wants cancer warnings for alcohol. Is there any amount that’s safe to drink?

  In a new advisory, Surgeon General Vivek Murthy recommended that labels on alcoholic beverages be updated to include a warning about cancer risk.
  
  MarketWatch - 8h

• Bitcoin could top $125,000 or fall toward $77,000 this quarter — depending on what Trump does next

  Here are three major factors that could drive bitcoin’s price in the first quarter.
  
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More in Business

• Tesla posted record China sales in 2024. But this year is going to be rough as competition heats up

  Tesla faces fresh threats as Chinese automakers double down on domestic market in the face of hefty export tariffs in the U.S. and European Union.
  
  CNBC - 10m

• Several commodities face headwinds in 2025 — but this metal's record rally is set to continue

  Crude oil prices last year were dragged down by weak Chinese demand and a supply glut — market watchers expect prices to remain pressured in 2025.
  
  CNBC - 13m

• How AI regulation could shake out in 2025

  This year will be a year of change for the U.S. political landscape — and that comes with big implications for the direction of travel for global AI regulation.
  
  CNBC - 1h
• 

  Seoul equities outperform despite political turmoil

  Financial Times - 1h
• 

  Private equity to lobby Trump for access to savers’ retirement funds

  Industry hopes incoming administration will open long-restricted private investments to individual investors
  
  Financial Times - 2h