OpenAI Asks US to Expand Chips Tax Credit to AI Data Centers
Construction at the Stargate AI data center in Abilene, Texas in September. (Bloomberg) — OpenAI has asked the…
Chinese Exports Unexpectedly Slump for First Time Since February
(Bloomberg) — China’s exports unexpectedly contracted in October as global demand failed to offset the deepening slump in…
Japan’s Households Boost Spending Despite Inflation Hit
A shopping street in Tokyo. Photographer: Toru Hanai/Bloomberg (Bloomberg) — Japan’s household spending rose for a fifth month,…
Japan’s Ruling Party Eyes $6.5 Billion a Year for Chips, AI
Yoshihiro Seki (Bloomberg) — Japan’s ruling party aims to secure roughly ¥1 trillion ($6.5 billion) per year to…
China Services Gauge Extends Growth Streak Even as Economy Slows
Pedestrians cross a road in the Bund in Shanghai. Photographer: Qilai Shen/Bloomberg (Bloomberg) — China’s services activity expanded…
China Seeks to Buy US Wheat for First Time in a Year After Truce
US wheat. Photographer: Nick Oxford/Bloomberg (Bloomberg) — Wheat futures in Chicago jumped as China seeks its first US…
Xi Quips About Backdoors During Xiaomi Phone Gift to Korea’s Lee
(Bloomberg) — Chinese President Xi Jinping joked about security backdoors while presenting a pair of Xiaomi Corp. smartphones…
Report: Apple to Launch These New Products in 2026
Apple is planning to launch at least 15 new products in 2026, according to Bloomberg’s Mark Gurman. Gurman…
China’s Factory Slump Sparks New Stimulus Calls Despite US Truce
(Bloomberg) — China’s factory activity slumped for the longest streak in more than nine years, prompting fresh calls…
Gold Wavers Near $4,000 as Traders Weigh US-China Trade Truce
Gold bars. Photographer: Alessia Pierdomenico/Bloomberg (Bloomberg) — Gold wavered around $4,000 an ounce as traders weighed a US-China…
Samsung’s Chip Profit Soars After AI Fuels Demand for Memory
(Bloomberg) — Samsung Electronics Co.’s (005930.KS) semiconductor arm reported a bigger-than-expected 80% surge in profit, suggesting global AI…
Ex-RBA Chief Lowe Urges Policy Pause to Assess High Labor Costs
Philip Lowe in 2023. (Bloomberg) — Former Australian central bank Governor Philip Lowe said a clouded outlook for…