General Motors Co. (NYSE:GM) CEO Mary Barra says that the Chinese EV market is currently grappling with overcapacity amid the country’s EV price war. Check out the current price of GM here. ‘An Incredible Price War’ Speaking on The Verge’s Decoder podcast on Wednesday, Barra said there was an “incredible price war” going on in…
A fresh wave of trade tension between the U.S. and China rocked Wall Street on midday Wednesday after President Donald Trump hinted at sweeping restrictions on technology exports powered by American software, sending tech stocks into a sudden tailspin. • CRWV is taking a hit from negative sentiment. See the full breakdown here. According to…
China’s long-struggling economy is showing fresh signs of distress, as exports to the United States collapse under President Donald Trump‘s tariffs and the property market fails to mount a meaningful recovery. According to United Nations Comtrade data, China shipped $35.88 billion worth of goods to the U.S. in July 2025, a staggering 22% drop from…
U.S. stock futures declined on Tuesday following Monday’s reversal rally. Futures of major benchmark indices were lower. Leading the charge on Monday, Oracle Corp. (NYSE:ORCL) shares jumped more than 5%, while Nvidia Corp. (NASDAQ:NVDA) gained almost 3%. Broadcom Inc. (NASDAQ:AVGO) soared around 10% after OpenAI pledged a $500-billion investment to co-develop 10 gigawatts of custom…
As the battle for AI supremacy intensifies between the world’s two largest economies, analysts say investors focused solely on U.S. tech stocks risk overlooking a critical hedge hiding in plain sight. In a recent research report, Henry Wu, chief quantitative strategist at Alpine Macro—a firm owned by Oxford Economics—said investors piling into U.S. AI giants…
Electric vehicle giant Tesla Inc. (NASDAQ:TSLA) is facing mounting competitive pressures from Chinese rivals who are quietly eating into its market share, both in China and Europe. One of the company’s most prominent rivals is Xpeng Inc. (NYSE:XPEV), which has been on a tear over the past year, running circles around its U.S.-based competitor. Xpeng…
Japanese media giants Nikkei and Asahi Shimbun have filed a lawsuit against Perplexity AI, which is backed by Amazon founder Jeff Bezos and Nvidia Corporation NVDA. They accused the AI search startup of copying and storing their content without permission. Nikkei And Asahi Seek $30 Million In Damages The lawsuit, filed Tuesday in Tokyo, alleges…
Tesla Inc. TSLA has officially launched the 6-seater version of the Model Y SUV in China, dubbed the Model Y L, amid poor sales performances for Elon Musk’s EV giant. A Refreshed Tesla Model Y With 6 Seats The automaker released the new Model Y with 6 seats in the Chinese market for 339,000 RMB…
U.S.-listed Chinese stocks rallied sharply Wednesday morning, as Beijing’s new stimulus targeting consumer loans and service-sector businesses signaled a deeper commitment to reviving domestic demand and supporting economic growth, adding to the momentum sparked two days earlier by President Donald Trump‘s extension of the U.S.-China trade truce. Beijing Backs Borrowers, Bets On Consumption Revival China’s…