Europe’s Luxury Giants Discern Green Shoots in Key China Market
(Bloomberg) — Europe’s biggest luxury firms are turning a little more positive on the crucial Chinese market, as…
Apple Cuts Jobs in Siri, Vision Pro Immersive Video and Gaming Teams
(Bloomberg) — Apple Inc. is cutting jobs across teams responsible for the Siri digital assistant and the Vision…
Goldman Says Slowing Inflation Is Best Path to Lower US Yields
(Bloomberg) — For all the US Treasury’s efforts to stem rising borrowing costs, cooling inflation remains the most…
The Mistral paradox: Europe’s push for tech sovereignty relies on China’s Z.ai
On August 11, a tiny line buried in a lengthy press release from French company Mistral AI spoke…
Nvidia in Talks With Chip Startup Rebellions for Potential Deal
(Bloomberg) — Nvidia Corp. is in early discussions with the Korean AI chip designer Rebellions about possible collaborations,…
Luxury Sales Plunge in China as Tax Push Hits Wealthy Shoppers
(Bloomberg) — Global luxury brands are facing a deepening sales slump in China, as the country’s campaign to…
China Widens Use of $1.6 Trillion Fund to Spur Spending on Homes
(Bloomberg) — China is mobilizing an often overlooked pool of funds worth 10.9 trillion yuan ($1.6 trillion) to…
Alibaba Tops Chinese Tech Stocks This Quarter on AI Resurgence
(Bloomberg) — Alibaba Group Holding Ltd. is reclaiming its place as one of investors’ favorite Chinese technology stocks,…
SpaceX Attempted to Acquire AI Coding Startup Cognition
(Bloomberg) — SpaceX approached artificial intelligence coding startup Cognition AI Inc. about a potential acquisition, according to people…
Satellite Images Show Tanker Docked at a Halted CPC Mooring
(Bloomberg) — An oil tanker is moored at a loading buoy at the Caspian Pipeline Consortium that has…
BofA Sees Nvidia Trading at Up to 50% Discount on AI Risks
(Bloomberg) — Nvidia Corp. shares could be trading at a discount of as much as 50%, as investors…
Alphabet Kicks Off Aussie Dollar Bond Sale as AI Spending Soars
(Bloomberg) — Alphabet Inc. started marketing its debut Australian debt offering as the US tech giant targets its…