Chinese Industrial Profits Jump in August, Reversing Drop
(Bloomberg) — Chinese industrial profits surged after months of declines, signaling that national campaigns to tackle overcapacity and…
Apple reportedly made a ChatGPT-clone to test Siri’s new capabilities
In the pursuit of actually releasing the updated version of Siri the company promised way back at WWDC…
Billionaire Xiaomi Founder Debuts a $630 Answer to iPhone 17
Xiaomi 17 phones (Bloomberg) — Xiaomi Corp.’s billionaire co-founder unveiled a $630 smartphone designed to take on the…
Australia’s Faster Inflation Boosts Case for Slower RBA Cuts
(Bloomberg) — A gauge of Australia’s monthly inflation accelerated in August to the top of the Reserve Bank’s…
China’s Labor Market Distress Spreads at Worst Time for Deflation Fight
An employee on the production line at a facility in Jiuquan, Gansu province, China. (Bloomberg) — China’s labor…
Huawei Plans Three-Year Campaign to Overtake Nvidia in AI Chips
(Bloomberg) — Huawei Technologies Co. openly admits its silicon can’t match Nvidia Corp.’s (NVDA) in raw power and…
Chinese Savers Have $23 Trillion and Few Options Beyond Stocks
(Bloomberg) — Chinese households are tiptoeing back into equities, driven in part by a stark reality: Almost nothing…
Key US Inflation Metric to Ease as Focus Shifts to Jobs Market
A shopper at a clothing store in downtown Detroit, Michigan. (Bloomberg) — The Federal Reserve’s preferred gauge of…
Why Jerry of Ben & Jerry’s left after 47 years: ‘The brand has been silenced’
Ben & Jerry’s co-founder Jerry Greenfield is resigning from the ice cream company he founded in 1978, saying…
Swiss Exports to US Collapsed in First Month of 39% Tariff
Compared to July, Switzerland exported 8.6% fewer watches. (Bloomberg) — The highest US tariff among developed nations dealt…
Netskope IPO In Demand as AI Era Heightens Cyber Threats
(Bloomberg) — Fears that artificial intelligence will force companies to spend more on security software are helping to…
China’s stock rally poised to run on as household savings pour into equities
Households continued to shift money into mainland China’s US$12.7 trillion stock market last month, suggesting that a rally…