China’s cabinet clears path for VAT law to take effect next month
The State Council has approved draft regulations for implementing China’s new value-added tax (VAT) law, which is aimed…
The Rise of AI Reasoning Models Comes With A Big Energy Tradeoff
Nearly all leading artificial intelligence developers are focused on building AI models that mimic the way humans reason,…
Bitcoin Crash Hits Crypto Wealth of Donald Trump’s Family and Followers
In President Donald Trump’s second term, crypto assets transformed his family’s wealth. Now the Trumps — and their…
China’s US Treasury holdings edge up as long-term sell-off continues
China slightly increased its US Treasury holdings in August and September – though the uptick did little to…
Crypto World Wipes Out $1 Trillion as Bitcoin Plunges Anew
The great crypto crash of 2025 entered a new phase on Wednesday, as Bitcoin plunged to its lowest…
Ex-Fed Governor Kugler Resigned After Violating Trading Rules
Former Federal Reserve Governor Adriana Kugler, whose abrupt resignation allowed President Donald Trump to install an ally at…
Paramount Plans Additional Job Cuts Under Ellison’s Management
Paramount Skydance Corp. shares rose after the newly merged company raised its target for job cuts and cost-saving…
Switzerland Moves Close to Securing Improved 15% Tariff Deal
Switzerland is close to securing a 15% tariff on its exports to the US, in what would be…
Rocket Lab Delays Debut of SpaceX-Challenging Rocket to 2026
Rocket Lab Corp. delayed the first launch of its larger Neutron rocket until next year, a setback in…
China Consumer Prices Unexpectedly Rise on Holiday Demand
China’s consumer prices unexpectedly increased in October, as holidays during the month boosted travel, food and transport demand.…
Shutdown Stalls SEC Work on Private Credit in Retirement Plans
The month-long government shutdown is delaying the Securities and Exchange Commission’s work to make it easier for 401(k)…
Andreessen Horowitz Invests in Legal AI Startup Harvey at an $8 Billion Valuation
Harvey, a startup building artificial intelligence tools for law firms, has closed its third major funding round of…