Japans Toyota Announces Ev and Battery Push in China and Us As Its Quarterly Profit Surges
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Alibaba shares pop 8% after cloud unit, e-commerce growth push up quarterly profit
The Chinese titan posted a sharp profit hike in the December quarter amid ongoing strength in its Cloud Intelligence unit and growth in its e-commerce segment.CNBC - 4h -
Philips issues its second straight profit warning on China. The stock is hammered, again.
Philips shares fell sharply on Wednesday as the Dutch healthcare equipment maker again warned on China and again triggered a big drop in its stock price.MarketWatch - 1d -
NATO is in disarray after the US announces that its security priorities lie elsewhere
U.S. Defense Secretary Pete Hegseth's speech on Ukraine this week has thrown NATO into disarrayABC News - Feb. 13 -
World’s largest EV battery maker files for Hong Kong listing
CATL is one of several Chinese companies expected to list in the territory this year as activity revivesFinancial Times - Feb. 11 -
The US must play to its strengths to compete with China in Latin America
Washington can no longer afford to stand idleFinancial Times - 4d -
Trump to announce 25% aluminium and steel tariffs as China’s levies against US come into effect
US president accused of ‘shifting goalposts’ by premier of Ontario for adding further tariffs on top of existing metal duties, as China’s fossil fuel levies come into force. Donald Trump has said ...The Guardian - Feb. 10 -
Roku shares surge as company halves quarterly losses, adds 4 million streaming households
Roku CEO Anthony Wood said more than half of U.S. broadband households now watch TV with Roku.CNBC - 5d -
Reddit turns second quarterly profit since IPO but shares slide on user-growth miss
Reddit Inc. turned its second quarterly profit since becoming a public company, but shares fell after daily active unique users — which topped 100 million for the first time — fell short of ...MarketWatch - Feb. 13 -
Unofficial TikTok downloads surge in the US
Many people are turning to so-called "sideloading" because the app is unavailable on official stores.BBC News - Feb. 13 -
Some EV Charging Plans Push Onwards Despite Trump Funding Freeze
Revel landed a $60 million loan to build chargers in New York, and a group of automakers launched a push to build rest stop-style charging stations nationally.Inc. - 5d -
Snap’s increased AI spending may push profits even further out
Guggenheim downgraded Snap’s stock, warning that increased AI investments could defer operating profits until 2027.MarketWatch - Feb. 11 -
Molson Coors’ focus on pushing premium brands leads to upbeat profit outlook
Molson Coors saw higher prices helping to offset continued volume declines.MarketWatch - Feb. 13 -
NASCAR: Chase Briscoe nets Toyota its first-ever Daytona 500 pole
The Daytona 500 is Briscoe's first official race with Joe Gibbs Racing.Yahoo Sports - Feb. 13 -
Japan’s $1.5bn bet on ultra-thin solar cells in challenge to China
Tokyo aims to disrupt Beijing’s dominance of renewables and reduce fossil fuel dependenceFinancial Times - 4d -
IOC finds Olympic sponsor in China through 2032 to replace Panasonic of Japan
The International Olympic Committee has found a sponsor in China to replace long-term commercial partner Panasonic from JapanABC News - 8h -
Japan's Sony raises forecast on solid results in its game business
Japanese electronics and entertainment company Sony is reporting a 3% gain in October-December profit, and raised its full-year forecastABC News - Feb. 13 -
Japan's Sony raises forecast on solid results in its game business
Japanese electronics and entertainment company Sony is reporting a 3% gain in October-December profit, and raised its full-year forecastABC News - Feb. 13 -
China's Alibaba sees revenue surge on back of artificial intelligence, e-commerce
Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in ChinaABC News - 3h -
Housemarque announces Saros, its Returnal successor
Housemarque's latest game is Saros, a follow-up on its successful 3PS, Returnal, set to launch sometime in 2026.VentureBeat - Feb. 12 -
Profits at Baidu, China’s Google, slow down. The stock slumps.
Chinese internet giant Baidu said its core business saw declining profits in the fourth quarter as online marketing revenue growth slowed even as its AI cloud business grew.MarketWatch - 2d -
Sony shares surge over 10% after it forecasts stronger revenue and profit for fiscal year 2024
Sony shares popped after it raised its 2024 outlook for annual operating profit to 1.34 trillion yen ($8.76 billion), a 2% rise from the previous financial year.CNBC - 6d -
BMW bets on petrol cars as it warns of US ‘rollercoaster’ EV transition
German luxury-car maker to continue investing in combustion engine and hybrid technology alongside full EVsFinancial Times - Feb. 10 -
Japan's SoftBank reports loss weeks after announcing AI investment with U.S. President Trump
Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen, or $2.4 billion, loss for the fiscal third quarter, as it racked up red ink from its Vision Fund investmentsABC News - Feb. 12 -
China’s US tariffs become a reality
Plus, Mandelson becomes the UK’s man in Washington while political and business leaders debate AI developments in ParisFinancial Times - Feb. 9 -
China Says U.S. Should Lead Trump’s Proposed Arms Controls Push
President Trump said China and Russia should halve their military spending and limit nuclear weapons. You first, China said.The New York Times - 6d -
Trump makes push for control of independent US regulators
Executive order will force watchdogs including the Federal Reserve and SEC to submit draft regulations to the White HouseFinancial Times - 1d -
HSBC announces share buyback of up to $2 billion as annual profit jumps 6.5%
HSBC on Wednesday reported annual pre-tax profit of $32.31 billion, marginally missing analysts' estimates.CNBC - 1d -
Russian rouble surges after release of US teacher Marc Fogel
Currency jumps almost 3% against US dollar over growing hopes of end to Ukraine warFinancial Times - Feb. 12 -
How EV makers in China are ramping up competition: No down payment and 5-year interest-free loans
Electric car companies in China welcomed the Year of the Snake with several incentives, after major automakers reported a drop in deliveries at the start of the year.CNBC - Feb. 10 -
As gold nears $3,000, here’s how its surge compares to bitcoin and the stock market
Gold has been on an impressive run toward the $3,000-an-ounce milestone, with a years-long buying spree by central banks and economic uncertainty tied to President Donald Trump’s policies leading ...MarketWatch - Feb. 11 -
Is Intel now a Trump stock? Its shares surge after upbeat comments by J.D. Vance.
Shares of Intel Corp. were surging on Tuesday after Vice President J.D. Vance made bullish comments about semiconductor manufacturing in the U.S. at an artificial-intelligence summit in Paris.MarketWatch - Feb. 11 -
Crocs rallies as its profit view tops estimate on core footwear brand growth
Crocs-branded footwear is expected to grow 4.5% in 2025, but sales of its smaller HeyDude line could be down as much as 9%.MarketWatch - Feb. 13 -
China's tit-for-tat tariffs on US take effect
Beijing's move comes after President Donald Trump imposed a 10% levy on goods imported from China.BBC News - Feb. 9 -
China anger as US amends wording on Taiwan independence
Beijing demands the US "correct its mistakes" after it altered its factsheet on the self-ruled island.BBC News - 3d -
China says US has 'gravely backpedaled' on Taiwan
A U.S. government fact sheet removed a line on opposition to Taiwan independenceABC News - 3d -
China Uses Public Shaming to Motivate State Workers
Local governments are handing out “snail awards” to underperforming employees. But, for many, doing as little as possible seems like the safest bet.The New York Times - 15h -
China Uses Public Shaming to Motivate State Workers
Local governments are handing out “snail awards” to underperforming employees. But, for many, doing as little as possible seems like the safest bet.The New York Times - 15h -
North Korea's Kim slams US-South Korea-Japan partnership and vows to boost his nuclear program
North Korean leader Kim Jong Un has said an elevated U.S. security partnership with South Korea and Japan poses a grave threat to his country and vowed to further bolster his nuclear weapons programABC News - Feb. 8 -
Europe reels after Trump announces US-Russia talks on Ukraine
Germany criticises US for making ‘public concessions to Putin before negotiations have even begun’Financial Times - Feb. 13