Tech Stocks Slide as Nvidia Warns of $5.5B Loss from U.S. AI Chip Export Controls
Nvidia’s announcement of a $5.5 billion revenue hit from tightened U.S. export controls on AI chips led to a 6%...
Business
Shein and Temu Hike Prices as Trump’s Tariffs Hit Chinese Imports
President Donald Trump implemented 145% tariffs on Chinese imports which spanned electronics to clothing products thus creating disruption for cheap...
China Halts Rare Earth Exports: Can Australia Fill the Gap?
The Chinese government has recently banned the export of seven essential rare earth elements which are required for electric vehicles...
Volkswagen and Uber Team Up for U.S. Robotaxi Service with Electric ID. BUZZ
Volkswagen joins forces with Uber to launch robotaxi service in the United States using electric ID. BUZZ vehicles. The partnership...
Airlines Slash Flights, Retract Forecasts Amid Trade War and Economic Jitters
Major U.S. airlines cut their flight schedules and modified or eliminated their 2025 profit projections because domestic travel demand decreased...
Kia’s Electric Pickup Truck: What to Expect from the Upcoming EV
The Kia electric vehicle lineup is set to grow with an electric pickup truck that was unveiled in April as...
Intel Plans to Cut Over 20% of Workforce in Major Restructuring Under New CEO
Bloomberg News reports Intel Corp. plans to announce workforce reductions exceeding 20% during this week under new CEO Lip-Bu Tan....
Apple and Meta Face Hefty EU Fines for Digital Markets Act Violations
The European Union imposed major fines on Apple and Meta Platforms as part of its ongoing effort to control U.S....
Elon Musk Faces New Challenges as Tesla Reportedly Delays Affordable EVs
The delayed release of Tesla’s affordable Model Y model creates additional problems for CEO Elon Musk. Sources indicate to Reuters...
Google Faces U.S. Push for Breakup in Search Monopoly Trial
Google faces legal challenges in a Washington courtroom beginning Monday because the U.S. government wants to break up the company...
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