Sam Altman’s new AI joint venture, Stargate, has drawn criticism from Elon Musk. Musk said on X that Stargate didn’t have the funds to build AI infrastructure. Altman has responded. The exchange between the pair is another chapter in their long-running feud. Elon Musk took to X to post a jab at Sam Altman after…
US President Donald Trump said he could impose 10% tariffs on Chinese goods from February 1. China’s stock markets fell after Trump’s comments, breaking several straight days of gains. Trump had said he could slap tariffs of 25% on Canada and Mexico from February 1. On his first day in office, President Donald Trump signed…
President Donald Trump announced Stargate, a new joint venture between OpenAI, Oracle, and SoftBank. OpenAI CEO Sam Altman says Stargate will allow AGI to be built in the US, creating more jobs. Altman said that a project like Stargate may not have been possible without Trump. The US will be able to achieve AGI, or…
Nearly 200 people were trapped on the Hong Kong Observation Wheel for about 45 minutes after a fire alarm halted its operation on Thursday. Authorities launched a rescue operation after receiving calls at 5.16pm that the Ferris wheel at the Central harbourfront had stopped running, with 190 people on it. They said an electric meter…
US stocks fell on Wednesday, with the S&P 500 snapping a winning streak amid a sell-off in tech. Dell shares dropped 12% after the company lowered guidance for the quarter. Investors took in the fresh inflation data, which bolstered bets for a December Fed rate cut. US stocks ended lower on Wednesday, with the benchmark…
US President-elect Trump announced sweeping tariffs on Mexico, Canada, China, impacting global markets and currencies. Some analysts see Trump’s tariff threats as leverage for countries to comply with the President-elect’s wishes. Analysts expect more tariffs and uncertainty ahead and are advising companies and investors to plan accordingly. President-elect Donald Trump has two months until he…
Kalshi and Polymarket catapulted to the most downloaded free apps on the Apple App Store on Tuesday. Kalshi is the betting market open to US citizens, while Polymarket is used by international bettors. Kalshi and Polymarket show Trump favored to win the Electoral College, with Harris expected to win the popular vote. Thanks for signing…
Market analysts predicted choppy trading and sharp swings going into the US presidential election. Donald Trump and Kamala Harris are locked in a tight race, fueling uncertainty among traders. One analyst said economic fundamentals matter more to markets than who becomes president. Thanks for signing up! Access your favorite topics in a personalized feed while…
General Motors CEO Mary Barra said on Tuesday that EV manufacturers face steep competition in China. That competition comes with prices that are going “lower and lower,” she said. It’s not sustainable for EV manufacturers like GM, Barra said. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the…
China’s stock markets slumped after a 10-day rally that was driven by Beijing’s stimulus announcement in September. Investors were disappointed when a hyped-up Chinese government press briefing failed to deliver more stimulus. Retail investors dominate China’s markets, influencing sentiment and market movements. Thanks for signing up! Access your favorite topics in a personalized feed while…