Latest in China PMI surprises as factory activity contracts in January; December industrial profits jump
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China's DeepSeek takes U.S. tech by surprise
China on Monday unveiled its DeepSeek artificial intelligence, shocking the U.S. tech sector and sending chip-maker Nvidia's stock tumbling. Anna Coren reports.CBS News - 5h -
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China’s emboldened AI industry releases flurry of model updates
Success of DeepSeek inspires confidence as latest products are pushed out ahead of lunar new year holidayFinancial Times - 20h -
China's AI app shakes industry and dents America's swagger
The app spooked the markets as well as the bullish sense of American superiority in AI development.BBC News - 1d -
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 monthsABC News - 1d -
China PMI surprises as factory activity contracts in January; December industrial profits jump
The official purchasing managers' index for January came in at 49.1, data released by the National Bureau of Statistics on Monday showed.CNBC - 2d -
China’s manufacturing activity contracts for first time since September
Industrial profits fall for third year as US trade tensions cloud economic recoveryFinancial Times - 2d -
Stellantis Will Restart Illinois Factory That U.A.W. Pushed to Revive
The United Automobile Workers union has been pressing the automaker, which owns Chrysler and Jeep, to revive the plant in Belvidere, Ill.The New York Times - 6d -
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 - Jan. 21 -
Bank of America CEO says financial industry will jump into crypto payments if regulators allow it
Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it.NBC News - Jan. 21 -
GM’s stock jumps as one analyst points to ‘positive surprises’ in upgrade
GM’s stock rallies as Deutsche Bank boosts its rating to buy from hold.MarketWatch - Jan. 21 -
Bank of America CEO says financial industry will jump into crypto payments if regulators allow it
Brian Moynihan was asked by CNBC's Andrew Ross Sorkin about how the industry's approach to crypto could change given President Donald Trump's enthusiasm.CNBC - Jan. 21 -
EU should welcome Chinese car factories, says Mercedes chief
Ola Källenius urges Brussels to drop protectionist approach in form of punitive tariffs on China EVsFinancial Times - Jan. 19 -
China's Population Fell Again Despite a Surprise Rise in Births
The country’s population fell for a third straight year as deaths outpaced births.The Wall Street Journal - Jan. 17 -
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 -
A.I. Military Start-Up Anduril Plans $1 Billion Factory in Ohio
The company said its Columbus plant could eventually produce tens of thousands of autonomous systems and weapons each year.The New York Times - Jan. 16 -
How Biden Surprised Progressives
To the departing president, F.D.R. seemed a guiding, if often elusive, star.The New York Times - Jan. 16 -
The Madcap Rise of Memecoin Factory Pump.Fun
Pump.Fun raked in hundreds of millions of dollars in its first year in operation. Despite some growing pains, its creators say this is just the beginning.Wired - Jan. 15 -
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 -
China corporate profits set for third year of declines
Oversupply drives intense competition that is undermining prices and profitabilityFinancial Times - Jan. 13 -
China's exports in December grew 10.7%, beating estimates amid uncertainty over trade tariffs
China’s exports in December grew at a faster pace than expected, as factories rushed to fulfill orders amid uncertainty over trade tariffs that could be imposed by U.S. President-elect Donald TrumpABC News - Jan. 12 -
Surprising December jobs growth is denting chances of a first-half Fed rate cut
Friday’s unexpectedly big increase in December nonfarm payrolls led to a diminished market-based likelihood for any rate cut by the Federal Reserve until September, based on one method of ...MarketWatch - Jan. 10 -
Crude prices jump as U.S. imposes sweeping sanctions against Russia oil industry
The U.S. Treasury Department is targeting more than 180 Russian tankers.CNBC - Jan. 10 -
December jobs report exceeds expectations
The labor market came in much hotter than expected in the final jobs report of President Biden's administration. CBS News MoneyWatch correspondent Kelly O'Grady has more.CBS News - Jan. 10 -
Emma Raducanu bitten by jumping ants
Emma Raducanu has become the latest victim of Australia’s famously hostile wildlife – although it was not spiders or snakes in her case, but rather “jumping ants”.Yahoo Sports - Jan. 10 -
China's consumer inflation slows further in December, stoking deflation worries
China's consumer prices in December edged up 0.1% in line with expectations from a year earlier, National Bureau of Statistics showed Thursday, fanning deflation concerns.CNBC - Jan. 9 -
Buildings gutted in Altadena as Eaton Fire remains active
Cars, businesses and homes are gutted in Altadena, California, as the Eaton Fire continues to spread. CBS News Los Angeles' Joy Benedict reports.CBS News - Jan. 8 -
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 -
Aledia unveils $200M microLED factory for AR displays
Aledia unveiled its microLED factory and a $200 million production line to make augmented reality displays.VentureBeat - Jan. 7 -
Why China’s industrial giants won’t be damaged by latest US blacklisting
Being placed on the Chinese military blacklist does not carry specific penalties or immediate bansFinancial Times - Jan. 7 -
Forklifts Hurt Thousands of Workers Each Year. Factories Are Seeking Alternatives.
Companies say the demand for autonomous versions is growing.The Wall Street Journal - Jan. 5 -
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Cramer's week ahead: nonfarm payrolls, PMI and earnings from Albertsons
CNBC's Jim Cramer on Friday walked investors through next week's market action.CNBC - Jan. 3 -
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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 -
Two dead after plane hits factory roof near LA
Police say that 18 people were also injured during the incident in Fullerton, California.BBC News - Jan. 3 -
Magic monkey tale inspires China’s gaming industry to seek blockbuster success
As Beijing eases regulations, developers are tooling up to produce big-budget titles with international appealFinancial Times - Jan. 3 -
British factories suffer winter chill as government ‘dampens confidence’ – business live
Live, rolling coverage of business, economics and financial markets as 2025 starts with trepidation over new US administration’s trade policies, and global manufacturing sector struggles. Nine out ...The Guardian - Jan. 2
