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BUSINESS

  • Trump’s Tariff Talk Sends UBS Lowering China’s Growth Outlook to 4% UBS lowers China's GDP growth forecast for 2025 from 4.5% to 4% due to potential U.S. tariffs under President-elect Trump.
  • Bitcoin Breaks $80K Barrier: What Trump’s Win Means for Crypto Bitcoin has surged past $80,000, driven by optimism from Trump's election win and potential regulatory easing for cryptocurrencies.
  • From Tax Cuts to China Tariffs: Mnuchin on Trump’s Economic Revival Plan Former Treasury Secretary Steven Mnuchin predicts a return to tax cuts and tariffs under a Trump administration, emphasizing GOP agendas.
  • U.S. Interest Rates Drop—Is the Fed Signaling More Relief Ahead? The Federal Reserve (Fed), the U.S. central bank, has implemented another interest rate cut following its previous reduction in September.
  • Trump’s Win Sends Japanese Stocks Soaring, While China Feels the Squeeze Trump's election as the 47th U.S. President caused Japanese stocks to surge while Chinese markets declined, hinting at economic shifts.
  • Trump’s Victory Could Reshape the Chip Industry – Here’s Why South Korea Is Worried Donald Trump's victory in the 47th US presidential election raises concerns for domestic semiconductor companies regarding policy changes.
  • China Deepens Financial Ties with Saudi Arabia, Could Threaten U.S. Dominance China plans to issue 14 billion yuan in bonds in Saudi Arabia, deepening financial ties and potentially challenging U.S. influence.
  • Stellantis Plans 1,100 Layoffs in Ohio, Cites Need to ‘Regain Competitiveness’ Stellantis announces layoffs of 1,100 workers at its Toledo Jeep plant to improve efficiency amid declining North American sales
  • NVIDIA Backs China’s Self-Driving Frontier with DeepRoute.ai Partnership Chinese autonomous driving start-up DeepRoute.ai will receive NVIDIA automotive chips, enhancing its self-driving technology efforts.
  • If Trump Wins, South Korea May Boost U.S. Oil and Gas Imports Amid Trade Tensions If Trump wins, South Korea may boost U.S. energy imports, navigating trade concerns and geopolitical tensions ahead of the election.
  • Meta’s Threads Explodes to 275 Million Users—Elon Musk’s X in Trouble? Zuckerberg announced Threads has reached 275 million monthly users, rapidly closing the gap with Musk's X, which has seen user declines.
  • Buffett Sells 25% of Apple Stock—What Investors Need to Know 9to5Mac reported on Saturday that Warren Buffett's investment firm, Berkshire Hathaway, has significantly reduced its stake in Apple.
  • NVIDIA May Invest in xAI—Elon Musk’s AI Company Could Hit $40 Billion NVIDIA is exploring a potential investment in xAI, the artificial intelligence company founded by Tesla CEO Elon Musk.
  • Tesla Stock Falls as Market Share Declines, Competition Heats Up with BYD Tesla, the leading EV manufacturer in the United States, is raising investor concerns due to a series of recent stock price declines.
  • China's Newest Billionaire: TikTok CEO Zhang Yiming Tops Rich List Zhang Yiming, the 41-year-old CEO of ByteDance, has become China's richest individual, amassing a net worth exceeding 350 billion yuan.
  • Gold Surges to All-Time High—Safe Haven Demand Soars with Election and Conflict Risks Gold prices have hit a new record high of $2,771.70 per ounce amid election uncertainties and Middle East conflicts, rising 34% this year.
  • Goodbye China? iPhone 17 Production Heads to India Apple is reportedly preparing to start initial production of the iPhone 17 in India, marking a significant shift in its production strategy.
  • Could Disney's Next CEO Be a Woman? All Eyes on Dana Walden Dana Walden is a top contender for Disney's CEO position, paralleling Kamala Harris's bid for the first female U.S. president.
  • Microsoft Shareholders Push for Bitcoin: Could Tech Giant Join Crypto Craze? Microsoft's board opposes a Bitcoin investment proposal at the upcoming shareholders meeting, citing volatility and stability concerns.
  • Palladium Prices Spike 9.5% on Potential G7 Sanctions Against Russia’s Metals Palladium prices surged 9.5% after the U.S. proposed G7 sanctions on Russian minerals, raising supply concerns amid market anxiety.
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