So far in 2024, the S&P 500 Index has hit 17 consecutive record closing highs. Such a strong rise is shocking, but some market observers are not optimistic about the situation under the surface of this rise. Economist David Rosenberg, founder and president of Rosenberg Research, focuses on three divergences. Updated March 14, 2024 12:10 … Read more
In its latest foray into live sports, Netflix will broadcast a boxing match between former heavyweight boxing champion Mike Tyson and YouTube star-turned-boxer Jake Paul. The game is one of the company’s most significant forays into live sports streaming. On Sunday night, Netflix aired a tennis exhibition match between Rafael Nadal and Carlos Alcaraz called … Read more
China’s exports have gained momentum at the start of the year, putting the government on track to meet this year’s ambitious growth target but raising the possibility of rising trade tensions. While export growth in January-February was much higher than the 3% expected by economists polled by The Wall Street Journal earlier this week, the … Read more
When Panasonic raised the first steel beam at its $4 billion electric vehicle battery plant project in Kansas last year, the company may not have realized how prescient the celebratory message was. “This first steel beam is more than just a piece of material,” Allan Swan, president of Panasonic Energy North America, said at the … Read more
Even as U.S. lawmakers call for action to close loopholes in the “small value exemption” rule, more packages are entering the United States under this trade rule. E-commerce giants Temu and Shein often take advantage of the rule, which allows goods to enter the U.S. duty-free and with little scrutiny. The so-called “small exemption” provision … Read more
U.S. President Joe Biden has ordered the U.S. Commerce Department to open an investigation into overseas-produced automotive software, arguing that Chinese technology could pose a national security risk. He said on Thursday that China’s efforts to dominate the global auto industry pose clear security risks to the United States. “Connected vehicles from China could collect … Read more
Last week, Gemini, a chatbot based on Google’s most advanced AI technology, angered users by generating historically inaccurate images and rejecting requests to generate images of white people. Over the weekend, Gemini’s answers to various philosophical questions also attracted criticism, turning the controversy into a broader condemnation. In the past few days, technology commentators such … Read more
Chipmaker Nvidia’s blockbuster earnings report last week showed that companies are willing to spend big money on artificial intelligence (AI). Within a company, this part of the funding is usually allocated directly by the top management. Unlike previous waves of innovation fueled by internal budgets within IT departments, some companies are setting up budgets specifically … Read more
Nearly everyone in China, including investors, consumers and homeowners, is adjusting to the country’s economy shifting from the high growth of previous decades to slower growth, the so-called “new normal.” Zhong Weiyi, a 58-year-old homeowner in Chengdu, is worried that the value of his house and pension are shrinking, and whether he can support the … Read more
Bitcoin rose to its highest level since November 2021 on Monday, as exchange-traded funds that invest directly in Bitcoin attracted more money into the space while investors awaited the mining reward “halving” expected to occur in April. “. Updated February 27, 2024 12:00 CST Bitcoin rose to its highest level since November 2021 on Monday, … Read more