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Brands have flocked to Nanjing Deji Plaza, the country’s top-performing mall in 2024 with sales of 24.5 billion yuan As Chinese shoppers dip toes back in the luxury pool, brands are…
TSMC, the world’s main producer of advanced artificial intelligence (AI) chips, posted a 39.1 per cent jump in third-quarter profit to record levels that handily beat market forecasts on…
An eighth failed Senate vote Tuesday on the House-passed stopgap bill to fund the government through Nov. 21 will send the government shutdown into its third week. Source link
Traders are now turning their attention to policy signals ahead of the Communist Party’s Oct 20 to 23 meeting, where the blueprint for the 15th five-year plan will be outlined China’s…
Amazon.com chairman Jeff Bezos said that the spending on artificial intelligence resembles an “industrial bubble” that could lead to lost investment but will also make society better off.…
The peculiar fiscal footprint of the Trump administration. Source link
UNITED States Steel approved a US$300 million investment to upgrade some of its facilities, advancing part of an US$11 billion commitment by Nippon Steel after its takeover of the storied…
The Republican-controlled House has passed another stopgap bill to keep the government chugging along until late November. The final tally Friday morning was 217-212, with just one…
If in fact the productivity slowdown was at least partially caused by a drop in public R&D spending, it’s evidence that we would be far richer today if we had kept up a higher level of…
The region still relies predominantly on fossil fuels and moving to cleaner sources is crucial to its ability, and that of the world, to curb warming Power-hungry industries across Asia…
The federal government ran a $345 billion deficit for the month of August, according to a monthly report from the U.S. Treasury Thursday. The figure exceeded expectations, as economists…
The Supreme Court gave a brief reprieve Tuesday to President Trump in his battle to refuse to spend $4 billion in foreign assistance money. Source link
House Speaker Mike Johnson on Tuesday laid out his key demand for government funding negotiations: Spend less. Source link
The House Freedom Caucus is putting the "finishing touches" on a proposal to freeze government funding levels for another year - and potentially through the 2026 midterm elections, the…
Small businesses are committing more money to marketing this year than last, but surprisingly few have any confidence that their investment is paying off—even as more report using new…
Vietnamese electric-vehicle maker VinFast on Thursday (Sep 4) reported a wider second-quarter net loss as it stepped up spending on global expansion and marketing to spur demand…
U.S. consumers, particularly Gen Z, are likely to spend significantly less on the holidays this year, according to a new PricewaterhouseCoopers survey. For PwC’s 2025 Holiday Outlook, the…
The UK’s live music industry has bounced back from pandemic lows in a big way, according to a new report released Tuesday by the trade group Live music Industry Venues and Entertainment…
Many tech giants have sought to deal with the surging costs of artificial intelligence by reducing expenses in other parts of the business Oracle is cutting jobs in its closely…
Many brands, retailers and shoppers are breathing a sigh of relief following President Donald Trump’s latest tariff announcement. With just hours before a three-month suspension of…
Piercing through the Democratic talking points won’t be easy. Source link
If there’s any lesson to take from the spending plans issued by the world’s largest technology companies over the past two weeks, it’s to never underestimate the fear of missing out.…
In 2025, if you’re still relying on spreadsheets and sheer willpower to manage your budget—what are you doing? Tightening the purse strings is now in vogue as concerns about tariffs,…
The company’s largest rivals in cloud services, Amazon.com and Alphabet, have also announced massive expansion plans. Microsoft reported better-than-expected growth in its cloud…
