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US plans to impose major new tariffs on EVs, other Chinese green energy imports, AP sources say

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    Meta CEO Mark Zuckerberg says what matters most in his hiring philosophy is people being able to do one thing really well.

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    The judge who found Donald Trump liable for fraud and ordered the former president to pay $454 million said he will not recuse himself from the case.

  • Singapore Airlines And Two More Top Dividend Stocks On SGX

    In recent times, the Singapore market has shown a steady, flat performance both over the past week and year, with expectations of earnings growth at an annual rate of 9.2% in the coming years. In such a stable market environment, dividend stocks like Singapore Airlines offer potential for consistent returns, making them an attractive option for investors seeking regular income streams.

  • Apple's China smartphone shipments drop 6.7% as Huawei surges, data shows

    BEIJING (Reuters) -Apple's smartphone shipments in China fell by 6.7% in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei, according to data from market research firm Canalys. Apple's total shipments for the quarter ending in June stood at 9.7 million units, down from 10.4 million units in the same quarter last year, Canalys data shows. In contrast, Huawei's smartphone shipments surged 41% year-on-year to 10.6 milion in the quarter, bolstered by the launch of its new Pura 70 series in April.

  • Gina Carano Beats Disney’s Move To Kill ‘Mandalorian’ Firing Suit; Trial Looms

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  • Thailand car production drops sharply in June, local sales fall

    Car production in Thailand fell 20.11% in June from a year earlier due to tighter financing rules and high consumer debt, and full-year production is now expected to be lower than in 2023, the Federation of Thai Industries (FTI) said on Thursday. In the January-June period, car production contracted 17.39% from a year earlier to 761,240 units, the federation said. "Stricter measures for credit approval from financial institutions, coupled with household debt that was nearing 90% of GDP, led to a higher rejection rate for auto loans," Surapong Paisitpattanapong, spokesman of the FTI's automotive industry division, told a news briefing.

  • The lower the AI exposure, the bigger the problem for Europe's chip firms

    Shares in European semiconductor firms less exposed to AI chips slumped on Thursday as falling demand from their key automotive and industrial clients hit business prospects, on top of a wider sector correction. Chip component suppliers like ASML and ASM International are more exposed to the booming AI chip market and demand from high-end tech clients like Nvidia, TSMC, and Intel. "The more high-end applications, linked to AI, those are doing much better," said ING analyst Marc Hesselink.

  • Oil prices settle higher as stronger US economic data boosts demand hopes

    Investing.com-- Oil prices settled higher Thursday after cutting intraday losses after stronger U.S. economy data helped improve sentiment on crude demand just as China oil imports fell.

  • Exclusive-Meta to be hit with first EU antitrust fine for linking Marketplace and Facebook, sources say

    Meta Platforms is set to be hit in a few weeks with its first EU antitrust fine for tying classified advertisements service Marketplace with its Facebook social network, people with direct knowledge of the matter said. The move by the European Commission will come more than a year and a half after it accused the U.S. tech giant of giving its classified ads service Facebook Marketplace an unfair advantage by bundling the two services together. The EU competition watchdog also said Meta abused its dominance by unilaterally imposing unfair trading conditions on competing online classified ads services that advertise on Facebook or Instagram.

  • Meta's Zuckerberg puts faith in open-source AI to maintain US lead over China

    Meta Platforms chief executive Mark Zuckerberg, whose company runs Llama, the world's largest open-source large language model (LLM), said artificial intelligence based on open-source technology will help the US maintain a lead over China. "Some people argue that we must close our models to prevent China from gaining access to them, but my view is that this will not work and will only disadvantage the US and its allies," Zuckerberg wrote in a blog post published on July 23, advocating for open s

  • Oil prices in third weekly plunge as demand concerns bite

    Investing.com-- Oil prices settled lower Friday, suffering a third consecutive losing week as concerns over sluggish demand conditions in China dented sentiment.

  • Decoding Honeywell International Inc (HON): A Strategic SWOT Insight

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  • I'm a quiet vacationer. Here's how I used a mouse jiggler to take a monthlong trip to Italy without telling my boss.

    A tech employee told BI why they're quiet quitting at work, and how they secretly spent a month in Italy without telling their company.

  • Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022

    U.S. futures and oil prices rose. Early Friday, Tokyo's Nikkei 225 index was up 0.3% at 37,977.30, after sinking 3.3% the day before amid heavy sell-offs in many markets. Tokyo's core consumer price index rose 2.2% in July, rising for the third straight month to its highest level in four months, adding to expectations that the Bank of Japan may raise its near-zero benchmark interest rate at a policy meeting next week.

  • Oil falls 1.5%, ends week lower on China demand fears

    HOUSTON (Reuters) -Oil futures fell about 1.5% on Friday, finishing the week lower on declining Chinese demand and hopes of a Gaza ceasefire agreement that could ease Middle East tensions and accompanying supply concerns. "Yesterday’s better-than-expected U.S. GDP growth figures initially supported the crude market," said George Khoury, global head of education and research at CFI. "The Chinese demand situation is going down the tubes here and crude oil prices are going down with it," said Bob Yawger, director of energy futures at Mizuho in New York.

  • Toyota to build EV battery plant for Lexus cars, Nikkei reports

    TOKYO (Reuters) -Japan's Toyota Motor plans to build a battery plant for electric vehicles in the southwestern prefecture of Fukuoka and supply its batteries to a factory that makes luxury Lexus brand cars, the Nikkei business daily reported on Friday. The world's top-selling automaker would seek to make the island of Kyushu where Fukuoka is located a central part of its supply chain for battery-powered vehicles and an export base for Asia, the newspaper said. A Toyota spokesperson said the company was aware of the report, but that it was not something it had announced.

  • Boeing finalises deal to plead guilty over fatal 737 Max crashes

    Boeing Co. has reached an agreement with the U.S. government to plead guilty to criminal conspiracy related to two fatal crashes of its 737 Max jetliner, paving the way for a potential courtroom showdown with the families of the victims. Boeing will plead guilty to fraud as part of a deal with the US Department of Justice over two fatal 737 MAX crashes, according to a court filing Wednesday.The agreement comes after prosecutors concluded Boeing flouted an earlier settlement addressing the disast

  • Nissan shares plunge after profit warning

    Nissan tumbled more than 10 percent on Thursday after the Japanese automaker issued a profit warning, citing "intense sales competition", especially in the United States.Although global sales remained even, "profit was impacted by increased sales incentives and marketing expenses to meet intense sales competition and optimise inventory," particularly in the United States, Nissan said.

  • Nissan profit wiped out by US discounts; shares hammered

    Japan's Nissan Motor slashed its annual outlook on Thursday after deep discounting in the United States almost completely wiped out the automaker's first-quarter profit. The figures confounded the expectations of analysts who saw profit exceeding last year's, sending Nissan stock plunging 7%. Investors now have to worry about Nissan's prospects in the United States, a fresh concern for an automaker already fighting to turn around its fortunes in another critical market, China.

  • US judge should reject Boeing plea deal, crash victim families say

    (Reuters) -U.S. District Judge Reed O'Connor should reject a "sweetheart" plea deal the Justice Department struck with Boeing, relatives of 15 of the 346 people killed in two fatal 737 MAX crashes said on Thursday. Late Wednesday, the planemaker finalized an agreement to plead guilty to a criminal fraud conspiracy charge and pay at least $243.6 million after breaching a 2021 deferred prosecution agreement. Family members said in a court filing in Texas that they will submit a comprehensive objection to the plea deal by next week, arguing that there are a number of issues, including its "outdated and misleading statement of facts," use of "inaccurate sentencing guidelines" and "ambiguous restitution commitment" by Boeing.