After years of explosive growth, China’s electric-vehicle industry is entering a more complex and uncertain phase ... The cooling demand reflects multiple pressures ... Industry bodies have sought to frame the downturn as cyclical rather than structural ... ....
The number of Americans filing new claims for unemployment benefits declined less than expected last week, suggesting the US labor market remains resilient despite signs of cooling hiring momentum and recent weather-related disruptions ... ....
The optimism in crypto that followed Donald Trump’s election in November 2024 has all but faded as Bitcoin takes a plunge, falling 45% from its October high ... Lastly, AI continues to dominate headlines with its feared disruptions ... Excerpts. ... Invezz ... Yes.
California-based fintech firm Altruist launched an AI-powered tool on Tuesday designed to generate personalized tax strategies by automatically interpreting financial documents, eliminating the need for manual data entry ...Others echoed that sentiment.
The Bureau of LaborStatistics will publish the January jobs report at 8.30 a.m. ET, slightly later than usual due to a brief government shutdown ...Last year, the US economy recorded its weakest pace of job growth outside of a recession since 2003 ... ....
US employers added far more jobs than expected in January, delivering a rare upside surprise after months of subdued hiring and easing fears that the labor market was sliding into a prolonged slowdown ... Underemployment offered a mixed signal ... ....
Lower-income families in the UK could wait more than a century to see their living standards double if current trends persist, according to new research that highlights the scale of income stagnation and its social consequences ... ....
If the scale of Big Tech’s AI spending plans for 2026 was not striking enough, Alphabet’s reported move to issue a rare 100-year bond has added a new dimension to the debate over how far tech giants are willing to go to finance the AI boom ... ....
Coca-Cola shares fell on Tuesday after the beverage giant reported quarterly revenue growth that came in below analysts’ expectations, overshadowing a modest earnings beat and early signs of stabilising demand in key markets ... ....
In court filings in the District of New Jersey, the company said it was exploring a sale of some or all of its roughly 220Eddie Bauer stores across the United States and Canada... However, that momentum proved difficult to sustain ... ....
Jimmy Lai, the billionaire media tycoon and prominent pro-democracy activist, has been sentenced to 20 years in prison in Hong Kong in the most high-profile national security case since Beijing imposed sweeping security laws on the territory ... ....
Hims & Hers, by contrast, fell nearly 20% in premarket trading ...Novo said on Monday that it is asking a US court to permanently block Hims from selling compounded versions of its drugs that allegedly infringe on its patents and to award damages ... ....
The deal could be completed as soon as this week, with Valor Equity Partners, a longtime backer of Musk’s ventures, arranging the transaction ... In November, Apollo-backed funds provided a similar $3.5 billion loan ... ....
Oracle shares rose 9.2% to $155.95 in early trading on Monday following the upgrade, though the stock remains far below its record high of $328.33 reached in September ... “Considering Oracle’s move from $345 intraday Sept ... ....