Tesla Scales Back Cybertruck Production Amid Sluggish Demand
Tesla has reportedly reduced its production targets for the Cybertruck at its Gigafactory in Texas,…
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TSMC’s Q1 2025 Profit Soars 60% Amid Robust AI Chip Demand
Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s leading contract chipmaker, reported a 60% increase in…
Trump Reports ‘Big Progress’ in Tariff Negotiations with Japan
On April 17, 2025, U.S. President Donald Trump announced “big progress” in tariff discussions with…
Gold Prices Surge to Record High Near $3,300 Amid Trade Tensions and Nvidia Warning
Gold prices soared to unprecedented levels on April 16, 2025, as escalating U.S.-China trade tensions…
China’s Q1 GDP Surpasses Expectations, but Trade War Clouds Outlook
China’s economy grew by 5.4% year-on-year in the first quarter of 2025, exceeding forecasts of…
Nvidia Faces $5.5 Billion Charge Due to U.S. Export Restrictions on AI Chips
Nvidia has announced it expects to incur a charge of up to $5.5 billion in…
Honda Plans to Localize 90% of U.S. Car Sales by Moving Production from Mexico and Canada
Japanese automaker Honda is preparing to shift most of its North American production to the…
U.S. Intensifies Probes into Pharma and Semiconductor Imports; LVMH Reports Disappoint
The Trump administration has initiated investigations into pharmaceutical and semiconductor imports, signaling potential new tariffs…
China Halts Boeing Deliveries Amid Escalating Trade Tensions With U.S.
China has reportedly suspended the acceptance of new aircraft deliveries from Boeing, escalating tensions in…
World Bank Approves $12 Billion Support Package for Argentina
The World Bank has announced a major financial support package worth $12 billion for Argentina,…