Ford Motor Co. temporarily idled factories in the US over the last three weeks due to a shortage of magnets containing rare earth minerals, key components embroiled in US trade tensions with China. Chief Executive Officer Jim Farley said the situation demonstrates the need to develop a domestic supply chain for critical auto components. China…
TLDRs: Trump plans sweeping executive orders to accelerate U.S. dominance in AI and counter China’s tech rise. His proposals would offer federal land and ease energy rules to fast-track AI infrastructure like data centers. A Republican-led bill seeks to ban state-level AI laws, tying compliance to broadband funding. Critics warn the strategy favors tech giants…
Iran’s defense minister has made his first overseas visit since a deadly 12-day conflict with Israel, traveling to China for a gathering of top military officials from the Shanghai Cooperation Organisation (SCO), a regional security bloc led by Beijing and Moscow. The visit, amid ongoing volatility in the Middle East, signals Tehran’s determination to deepen…
S&P 500 rises to record high on Trump-China trade deal hopes, marking strong rebound from April lows- The S&P 500 surged to a new record high on Friday, climbing 0.4% to close at 6,168.60, boosted by renewed optimism around trade deals with China and other major partners. This gain marks a dramatic turnaround for the…
WASHINGTON (AP) — The U.S. and China have reached an agreement — again — to deescalate trade tensions. But details are scarce, and the latest pact leaves major issues between the world’s two biggest economies unresolved. President Donald Trump said late Thursday that a deal with China had been signed “the other day.” China’s Commerce…
00:00 Speaker A Now time for some of today’s trending tickers, we’ll be watching precious metals, Uber and Lyft. Let’s start off with those metals. Like gold, silver and copper are all falling as the framework to a US China trade deal is announced. In this deal, China agrees to begin approving where earth metals…
China is recalibrating its tech policy, elevating private enterprise to counter US export controls and drive innovation On June 10, 2025, as trade negotiators from the United States and China gathered in London for another round of contentious talks, a different kind of negotiation played out on the front page of The People’s Daily, China’s…
Nike has said it will cut its reliance on production in China for the United States market to mitigate the impact from US tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue. The sportswear giant’s shares zoomed 15 percent at the opening bell on Friday morning after it announced the change in conjunction…
Two top US lawmakers have called on the Commerce Department to investigate whether smartphones made by Chinese tech company OnePlus pose national security risks by transmitting user data to servers in China without user consent. In a letter obtained by Reuters, Representative John Moolenaar, a Michigan Republican who chairs the House Select Committee on the…
Beijing, China, June 27, 2025 (GLOBE NEWSWIRE) — On 26 June 2025, The Future of Finance China 2025 was held by The Asian Banker in Beijing. LexinFintech received The Asian Banker’s “Best AI Technology for Financial Technology Company in China” in recognition of its pioneering innovations and applications in AI large models and agent‑based automation….