The Dow Jones Industrial Average plunged Friday while the tech-heavy Nasdaq reversed a weeks long rout just a day after Wall Street suffered its worst trading session in more than a month. The Dow had plunged 107 points, or 0.2%, as of about 12:20 p.m. ET. The S&P 500 rose 0.5%, while the Nasdaq jumped…
WASHINGTON — A team of researchers has uncovered what they say is the first reported use of artificial intelligence to direct a hacking campaign in a largely automated fashion. The AI company Anthropic said this week that it disrupted a cyber operation that its researchers linked to the Chinese government. The operation involved the use…
BANGKOK — China has moved to crack down on exports of “zero mileage” new vehicles being exported as if they are used, a tactic that has allowed some of its automakers to exaggerate their sales data and claim tax rebates and other benefits. The tighter regulations apply to exports of cars within 180 days of…
One of the architects of former US President Joe Biden’s tech export controls warned on Thursday that Washington needs better coordination with allies to deny China access to high-end chips and cutting-edge products, criticising a plan by US President Donald Trump’s administration to allow sales of certain Nvidia chips. Citing Beijing’s massive spending on efforts…
Check out the companies making headlines in midday trading: Planet Fitness — The gym chain jumped about 4% after it issued guidance for the fiscal years 2026 through 2028. Planet Fitness expects new club unit growth to range between 6% and 7% in that time, while adjusted EBITA expands in the “mid-teens percent” compounded annually….
Brazilian President Luiz Inacio Lula da Silva wants to assert a more independent global rolem a Latin American expert says. Photo by Antonio Lacerda/EPA Nov. 13 (UPI) — Brazil is deepening political and economic ties with China and Russia to reduce its dependence on the United States — a strategy driven by new U.S. tariffs…
General Motors $GM ( ▲ 0.77% ) is pushing its auto parts makers to pull their supply chains out of China with new urgency, aiming to avert geopolitical disruptions to its operations. The details: The new directive, first reported by Reuters, reflects growing concern among automakers that their supply chains are overly dependent on China…
Check out the companies making headlines before the bell: Walt Disney Company — The media giant fell more than 4% on mixed fiscal fourth-quarter results . The company earned an adjusted $1.11 per share, beating an LSEG estimate of $1.05 per share. Revenue, however, came in at $22.46 billion, below a consensus forecast of $22.75…
Tesla is facing a noticeable slowdown in China, one of the world’s most competitive electric vehicle markets, reports GuruFocus. After months of strong growth, the U.S. automaker sold just over 61,000 cars built at its Shanghai factory in October, a nearly 10% drop from the same time last year. The slowdown highlights just how crowded…
NEW YORK (AP) — U.S. stocks drifted around their records in a mixed day of trading Wednesday. The S&P 500 added 0.1% and neared its all-time high set a couple weeks ago. The Dow Jones Industrial Average jumped 327 points, or 0.7%, to set a record for the second straight day, while the Nasdaq composite…