GE Appliances executive Lee Lagomarcino said U.S. trade policy was the driving factor in the company’s recent decision to accelerate a plan to move overseas jobs back to the U.S. “Any time we decide to move a factory or redesign a platform, it’s an expensive endeavor, so we have to think through the strategy and…
Elon Musk hinted at when Tesla could begin reducing Safety Monitors from its Robotaxis. Safety Monitors are Tesla employees who sit in the front passenger seat during the driverless rides, and are there to ensure safety for occupants during the earliest rides. Tesla launched its Robotaxi fleet in Austin last Sunday, and after eight days,…
A China-Europe freight train is seen awaiting departure at the Beijing International Land Port in Fangshan District, Beijing, on June 30, 2025. A new China-Europe freight train route linking Beijing to Baku of Azerbaijan was launched Monday, News.Az reports citing Xinhua. Riding on the “rail-sea-rail” multimodal transport, the payload is scheduled to get across the Caspian…
New Yorkers have a new logo in town as Luckin Coffee, a popular Chinese coffee chain, announces its debut in the United States. The Starbucks rival opened its first two stores in New York City on Monday, as the Xiamen-based coffee purveyor sets out to expand its market and garner favor with U.S. customers. The…
Photo: Zhang Huiquan/People’s Liberation Army Navy Two Chinese aircraft carrier groups conducted combat drills in the western Pacific Ocean, Beijing said Monday. The People’s Liberation Army (PLA) said its Liaoning and Shandong carrier formations “recently… completed combat training on the high seas and returned to their home ports safely”, News.Az reports, citing AFP. The mission…
On Saturday, as legislators began to digest the new text, Senator Brian Schatz declared on X not once, not twice, but three times that with the new penalty, this bill would on its own “kill” the U.S. solar energy industry, leading to energy shortages and raising costs across the board. “I promise you,” he wrote,…
Chinese state media released undated footage on Sunday saying the country’s fighter jets had “expelled” foreign military aircraft that approached the East Asian power’s airspace. Newsweek has contacted the Chinese defense and foreign ministries for comment by email. Why It Matters Close aerial encounters between Chinese and foreign militaries are not uncommon as the United…
Speculation that US President Donald Trump may visit Beijing in September has sparked “cautious optimism” among some Chinese analysts about a possible diplomatic breakthrough as trade ties between the rival powers teeter on the edge of a fragile truce. A Kyodo report on Sunday citing unnamed sources said that China was planning to invite Trump…
Despite significant macro risks ahead—including looming tariffs and weak consumer spending—markets remain buoyant, with the S&P 500 hitting a record high of 6,173.07 and futures rising further. Investors appear to be expecting either a tariff deadline extension or Federal Reserve rate cuts to support stocks. The S&P 500 set a new record on Friday and…
By Siddharth Cavale NEW YORK (Reuters) -Prices for goods made in China and sold on Amazon.com (AMZN) have been rising faster than overall inflation, according to an analysis of 1,400 different products conducted exclusively for Reuters by the analytics firm DataWeave, a sign that tariffs are starting to hit American consumers. The analysis shows that…