Xiaomi shares soar to record highs as its new EV that undercuts Tesla draws strong response
Chinese smartphone company Xiaomi priced its luxury YU7 SUV within expectations — but undercut Tesla's Model Y. ...
Category: Economy
Trump’s war against the Powell Fed has taken another political turn
While Trump's name-calling of Powell isn't particularly new, the words now could signal action. ...
Tesla head of manufacturing Omead Afshar fired by Elon Musk
Omead Afshar, Tesla's head of manufacturing and operations, has been fired from the company by CEO Elon Musk after declining…
Nike says tariffs will cost it $1 billion before price increases, supply chain shifts
Nike said its fiscal fourth quarter will see the worst of its turnaround efforts, but investors are wondering if sales…
China confirms details of U.S. trade deal
The statement came after U.S. President Donald Trump said that both sides had signed a trade deal, without providing further…
Micron reports earnings, revenue beat and issues strong forecast
Micron reported earnings and revenue on Wednesday that exceeded analysts' estimates. ...
Meta wins AI copyright case, but judge says others could bring lawsuits
Meta prevailed in a copyright case involving its AI model, but the federal judge left the door open for others…
Divided Fed proposes rule to ease capital requirements for big Wall Street banks
The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate.…
Trump CIA chief says Iran nuclear program was ‘severely damaged,’ countering reports of U.S. intel assessment
Trump ordered U.S. strikes on Iranian nuclear sites as part of its support for Israel, then days later announced a…