China PMI surprises as factory activity contracts in January; December industrial profits jump

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  China's factory activity contracts in January for the first time in 4 months

  An official survey shows that China’s factory activity contracted in January for the first time in four months
  
  ABC News - 9h

• China’s manufacturing activity contracts for first time since September

  Industrial profits fall for third year as US trade tensions cloud economic recovery
  
  Financial Times - 12h
• 

  Adidas Exceeds Profit Guidance After Sales Jump in Fourth Quarter

  The German sporting-goods company said its operating profit climbed to €1.34 billion last year from €268 million in 2023.
  
  The Wall Street Journal - 5d
• 

  Surprise mobile mid-contract price rises banned

  It comes after customers complained of not being able to plan for price rises.
  
  BBC News - Jan. 17
• 

  AI factories are factories: Overcoming industrial challenges to commoditize AI

  The infrastructure to support AI inherits many challenges that defined industrial factories, from power to scalability and reliability.
  
  VentureBeat - Jan. 16

• Shares of Cartier owner Richemont jump 16% as sales rise in December quarter

  Cartier owner Richemont on Thursday reported a 10% increase in third quarter sales even as China demand weighed.
  
  CNBC - Jan. 16

• China's imports post surprise growth in December; exports beat expectations as higher tariffs loom

  Economists are expecting exports to make a notable boost to China's economic growth last year when the figures are released later this week.
  
  CNBC - Jan. 13

• Services index shows big jump in prices for December as companies fear tariffs

  The ISM services survey's prices index jumped to 64.4%, an increase of 6.2 points or more than 10%.
  
  CNBC - Jan. 7
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  Boeing Adds More Surprise Quality Checks in Its Factories

  The jet manufacturer outlines more than a dozen steps it has taken in recent months to address concerns about production issues.
  
  The Wall Street Journal - Jan. 3

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  DeepSeek launched a free, open-source large language model in late December, claiming it was developed in just two months at a cost of under $6 million.
  
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  The buzz around Chinese AI startup DeepSeek began picking up steam earlier this month, when the startup released R1, its model that rivals OpenAI's o1.
  
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• Trump tariffs could raise prices on technology like laptops, smartphones and AI

  Trade groups and consultants warn that trade wars spurred by Trump's tariffs could slow global commerce and raise prices for consumers.
  
  CNBC - 3h

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• Bitcoin drops in risk-off move as Nasdaq stocks are hit

  Crypto is in a cooling period after running to a new record last week and was pulled lower by the DeepSeek-driven sell-off in tech stocks.
  
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• Net worth of millennials has quadrupled: Why some call it 'phantom wealth'

  Even as millennials became wealthier, inflation and instability have left many feeling financially insecure.
  
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