China
Nike is the most oversold stock on Wall Street after a wild week of trading
The Dow Jones Industrial Average declined Thursday as investors heeded President Donald Trump ‘s warning that the Iran war could last for several more weeks and as oil prices surged . Against that backdrop, certain names fell very far over the week. The market downturn put some stocks across the real estate, consumer staples, health […]
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The Chinese box office isn’t the Hollywood kingmaker it used to be. Here’s why
Posters of films are on display at a cinema in Shanghai, Aug. 31, 2025. Vcg | Visual China Group | Getty Images Hollywood has lost one of its most lucrative theatrical markets. It’s unclear if it will ever win it back. The Chinese box office was once a coveted space for American-made movies, so much […]
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Chinese chip firms hit record high revenue driven by the AI boom and U.S. curbs
China is focusing on large language models in the artificial intelligence space. Blackdovfx | Istock | Getty Images Chinese semiconductor firms have reported record revenue last year driven by AI demand, a shortage of memory chips and U.S. export restrictions that have pushed Beijing to bolster its homegrown tech industry. Analysts and the companies themselves […]
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Singapore charges one more individual with AI chip fraud
Singapore prosecutors charged one more person with fraud on Thursday for making false representations to U.S. server supplier Dell Technologies, linking her to two other individuals charged with similar offences in February last year. Jenny Lim was charged with conspiring with Alan Wei Zhaolun and Aaron Woon Guo Jie in 2024 to commit fraud by misleading Dell that Aperia International would be the end-user of the […]
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Trump admin tells Supreme Court birth tourism is evidence birthright citizenship needs to end
D. John Sauer, then special assistant to the Louisiana attorney general listens during a hearing with the House Judiciary Subcommittee on the Weaponization of the Federal Government on Capitol Hill on July 20, 2023. Anna Moneymaker | Getty Images News | Getty Images A lawyer for the Trump administration during arguments at the Supreme Court […]
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Wall Street loses patience with Nike as turnaround drags, China weakness deepens
Nike Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 31, 2025. Michael Nagle | Bloomberg | Getty Images When Nike reported fiscal third quarter earnings on Tuesday night, investors were looking for evidence its recovery is on track. Instead, all they learned is the […]
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Volkswagen deal with EV maker Xpeng shows how China tech threatens Western automakers
In 1984, Volkswagen partnered with a Chinese automaker because it was required by Chinese law. Now the German company is partnering with Chinese automakers because it wants to use their technology. Volkswagen Group today maintains the original joint ventures it made with Chinese automakers in those early days of its foray into what has become […]
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Shares of China AI ‘tiger’ Zhipu surge 35% after revenue doubles in first earnings report
The Zhipu AI logo is seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Shares of Chinese artificial intelligence company Knowledge Atlas Technology JSC, better known as Zhipu, surged as much as 35% on Wednesday, after posting strong revenue growth in its first earnings report. The Beijing-based company later pared gains […]
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Huawei’s cloud computing revenue dropped in 2025 as Chinese AI lagged U.S. rivals
Consumers browse Huawei phones in a shopping mall in Yantai, Shandong Province, China on March 8, 2026. Cfoto | Future Publishing | Getty Images Huawei’s push to develop its own artificial intelligence chip has yet to drive the double-digit revenue gains of its peers, as Chinese companies strive to narrow the gap with the U.S. […]
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Autonomous boat startup Saronic raises $1.75 billion in race to modernize U.S. military
Autonomous ship startup Saronic said Tuesday that it’s raised $1.75 billion as it ramps up production to meet mounting U.S. military demand for newer and cheaper defense capabilities. The round, led by Kleiner Perkins, more than doubles Saronic’s valuation to $9.25 billion from the $4 billion it hit after a $600 million raise early last […]
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