Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — As President Donald Trump’s 25% tariffs on imported vehicles remain in effect despite a pullback this week…
Signage for the Reserve Bank of India (RBI) in Mumbai, India, on Friday, April 5, 2024. Dhiraj Singh | Bloomberg | Getty Images India’s central bank cut its policy rate by 25 basis points to 6%, marking its lowest level since September 2022 as growth concerns mount in the world’s fifth largest economy The rate…
Trucks line up at the container terminal in the Longtan Port area of Nanjing Port, Jiangsu province, China on the evening of April 8, 2025. Cfoto | Future Publishing | Getty Images BEIJING — Citi on Tuesday became one of the first investment firms to lower its China growth forecast on escalating trade tensions with…
Sam Altman, CEO of OpenAI, at Station F, is seen through glass, during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, France, Feb. 11, 2025. Aurelien Morissard | Via Reuters OpenAI’s massive private funding round could be slashed by as much as $10 billion if the company doesn’t restructure into…
President Donald Trump is urging oil producers to “drill, baby, drill.” U.S. oil and gas investors may not be on board with the plan. “Right now, with low oil prices, I think we’re going to start to see a lot of companies starting to pare back on their capital spending,” said Clark Williams-Derry, an energy finance…
A view of the Ant Group buildings in Chongqing, China on March 23, 2025. Cfoto | Future Publishing | Getty Images BEIJING — Alibaba-affiliate Ant Group is using both Chinese and U.S.-made semiconductors for building more efficient artificial intelligence models, according to a source familiar with the matter. The combination of chips not only reduces…
All week, residents of Washington, D.C., watched the shutdown debate in Congress with anxiety and anger, as one section of the continuing resolution keeping the government open would force on the city an immediate $1.1 billion budget cut. But on Friday afternoon, shortly after the resolution was passed, the crisis for the District of Columbia…
An Indonesian TikToker has been sentenced to almost three years in prison after reportedly ‘talking’ to a picture of Jesus on her phone and telling him to get a haircut. Ratu Thalisa, a Muslim transgender woman with more than 442,000 TikTok followers, had been on a livestream, and was responding to a comment that told…
The People’s Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Bloomberg | Getty Images China’s sovereign bond prices fell Monday, pushing yields to their highest levels this year, as investors trimmed holdings on bets that additional fiscal spending will boost growth and push back interest rate cuts. Yields on China’s…
Israel ordered all of Gaza’s electricity supply to be cut off on Sunday in an effort to pressure Hamas into releasing the remaining Israeli hostages held in the territory. Energy minister Eli Cohen’s announcement came a week after Israel cut off all aid supplies to the territory, which has a population of more than two…
