business news
U.S.–China proxy battle over Panama Canal ports set to intensify as CK Hutchison warns of legal action
This aerial view shows the Taiwanese cargo ship Yang Ming sailing out of the Panama Canal on the Pacific side in Panama City on October 6, 2025. Martin Bernetti | Afp | Getty Images Hong Kong’s CK Hutchison Holdings has threatened legal action against Danish shipping giant A.P. Moller-Maersk after Panamanian authorities tapped the group […]
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Xiaomi’s electric SUV tops China sales in January, sells twice as many as Tesla’s Model Y
Chinese smartphone company Xiaomi launched its YU7 electric SUV in summer 2025, taking direct aim at Tesla’s Model Y. Sopa Images | Lightrocket | Getty Images BEIJING — Xiaomi‘s electric car venture has succeeded in dethroning Tesla in China, at least in January. The Xiaomi YU7 SUV ranked first in China by sales last month, […]
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U.S. signs trade deal with Taiwan, lowering tariffs to 15%, while Taipei to boost American goods purchases
U.S. and Taiwanese flags are seen in San Francisco, California, Jan. 28, 2026. Stephen Nellis | Reuters Washington and Taipei have signed a trade deal lowering tariffs on Taiwanese exports to 15%, on par with those on Asian allies Japan and South Korea, while the island will open its market for U.S. goods. Taiwan will […]
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Waymo is paying DoorDash gig workers to close its robotaxi doors
A Waymo autonomous taxi outside the Google headquarters in Mountain View, California, US, on Tuesday, Feb. 3, 2026. David Paul Morris | Bloomberg | Getty Images Waymo’s cars are driven without humans. But when a departing passenger leaves a door open, the car won’t move until a person closes it. For that task, Waymo is […]
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Amazon’s Ring cancels Flock partnership amid Super Bowl ad backlash
Ring security cameras are displayed on a shelf at a Target store on June 01, 2023 in Novato, California. Justin Sullivan | Getty Images Ring is terminating its partnership with police tech provider Flock Safety, the Amazon-owned company announced Thursday. The partnership between Flock and Ring came under scrutiny after the Amazon doorbell company ran […]
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Epstein files: Goldman Sachs top lawyer Kathy Ruemmler to step down after email fallout
Top Goldman Sachs lawyer Kathy Ruemmler said Thursday night that she will leave the investment bank at the end of June, a move that comes after the recent release of additional documents detailing her often chummy conversations with notorious sex predator Jeffrey Epstein. Goldman had defended Ruemmler for several months after the Department of Justice […]
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Asia stock markets track losses on Wall Street as AI fears hit sentiment
An aerial view of Singapore’s skyline. Tong Thi Viet Phuong | Moment | Getty Images Asia-Pacific markets opened mostly lower Friday after fears about artificial intelligence disruption in the U.S. sent the S&P 500 to a third straight day of losses. Certain pockets of the U.S. stock market have been hit this year by the […]
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U.S., Taiwan finalize deal to cut tariffs, boost purchases of U.S. goods
The city skyline is seen with the landmark Taipei 101 building from a lookout point on Elephant Mountain in Taipei on April 14, 2025. (Photo by I-Hwa Cheng / AFP) (Photo by I-HWA CHENG/AFP via Getty Images) I-hwa Cheng | Afp | Getty Images Trump administration officials signed a final reciprocal trade agreement that confirmed […]
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Cisco stock has worst day since 2022 as memory prices pressure margins
A logo sits illuminated outside the Cisco booth at ISE 2024 on January 30, 2024 in Barcelona, Spain. Cesc Maymo | Getty Images Cisco Systems shares closed 12% lower Thursday as rising memory prices put pressure on the networking company’s margins. It’s the stock’s worst day since 2022. Strong demand for artificial intelligence data centers […]
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Apple’s stock has worst day since April as iPhone maker faces FTC scrutiny, reports of Siri delay
Apple just wrapped up its worst day on the stock market since April after reports surfaced about delays with Siri and as the company’s news app faced regulatory scrutiny. The stock dropped 5% on Thursday, wiping out its gain for the year and leaving it down almost 4% in 2026. The long-awaited artificial intelligence update […]
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