Year: 2025
China’s slowing economy is waiting for more stimulus. Here’s how the country plans to boost growth
Key Points China’s slowing economy is still waiting for the promised government support to kick in. Senior economic and finance officials have told reporters in the last two weeks that fiscal support is in the works, and the issuance of ultra-long bonds to spur consumption would exceed last year’s. Stimulus will begin to take effect […]
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Blue Origin’s first New Glenn rocket reaches orbit, misses booster landing
Blue Origin’s New Glenn rocket streaks into orbit after launching from the Kennedy Space Center on its maiden flight, at Cape Canaveral, Florida on January 16, 2025. Gregg Newton | Afp | Getty Images Blue Origin launched its towering New Glenn rocket for the first time on Thursday, in a crucial milestone for Jeff Bezos’ […]
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Cartier owner Richemont sales rise 10% in December quarter despite ongoing China weakness
Shoppers pass a Cartier luxury store, operated by Cie. Financiere Richemont SA, in the Galeries Lafayette SA luxury department store in Paris, France. Bloomberg | Bloomberg | Getty Images Cartier owner Richemont on Thursday reported a 10% increase in fiscal third-quarter sales even as China demand weighed, in a positive signal for the health of […]
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TSMC fourth-quarter results top expectations, net profit surges 57% on robust AI chip demand
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP) Amber Wang | Afp | Getty Images Taiwan Semiconductor Manufacturing Company’s fourth-quarter revenue and profit beat expectations, as demand for advanced chips used in artificial […]
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Biden administration looks for ways to keep TikTok available in the U.S.
A view shows the office of TikTok after the U.S. House of Representatives overwhelmingly passed a bill that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app or face a ban, in Culver City, California, March 13, 2024. Mike Blake | Reuters President Joe Biden’s administration […]
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Apple fourth-quarter iPhone shipments in China drop 25% as Huawei closes in, Canalys data shows
Apple opened its 54th flagship store in Greater China in the city of Wuhan in May. The iPhone company warned in late April that supply chain disruptions from China’s Covid controls would likely hurt sales in the current quarter by $4 billion to $8 billion. Sopa Images | Lightrocket | Getty Images Apple’s smartphone shipments in China plunged 25% in the fourth […]
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Asia-Pacific markets track Wall Street gains; South Korea unexpectedly keeps rates unchanged
People walk inside the Korea Exchange (KRX) building, as stock markets in Asia as a whole have been affected by the intensifying political turmoil over president Yoon Suk Yeol’s role in martial law, in Seoul, South Korea, on Dec. 9, 2024. Daniel Ceng | Anadolu | Getty Images Asia-Pacific markets climbed Thursday, after U.S. markets […]
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Tesla is offering Cybertruck discounts as EV market gets crowded
A soldier walks next to a Tesla Cybertruck, which was donated to the National Guard, after powerful winds fueling devastating wildfires in the Los Angeles area forced people to evacuate, in the Pacific Palisades neighborhood on the west side of Los Angeles, California, U.S. Jan. 13, 2025. Daniel Cole | Reuters Tesla started offering discounts […]
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Biden argues ‘oligarchy,’ social media are threats to democracy in farewell speech
President Joe Biden on Wednesday night kicked off his farewell speech from the Oval Office, zeroing in on perceived threats to democracy and society, including an “oligarchy,” climate change and aspects of technology. He urged the country to ensure that artificial intelligence is safe and trustworthy, and lambasted how misinformation and disinformation spreads on social platforms. The president criticized […]
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Goldman Sachs CEO Solomon says IPO market is ‘going to pick up’ along with dealmaking
David Solomon, CEO of Goldman Sachs, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024. Mike Segar | Reuters Goldman Sachs CEO David Solomon says there’s an end in sight to the multi-year IPO drought. “It’s going to pick up,” Solomon said on Wednesday, in an on-stage interview with Cisco […]
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