Stellantis Returns to Profit as Jeep and Ram Drive a North American Comeback
A Turnaround Story Gains Momentum Stellantis reported second-quarter net profit of €293 million on Thursday, swinging from a net loss of €1.87 billion in the same period a year earlier, as rising North American sales bolstered the company’s turnaround effort. For a company that had…
Rising Treasury Yields Signal Inflation Fears After Fed Holds Rates Steady
A Divided Fed Stays Put — But Bond Markets Are Nervous The Federal Reserve voted 9-3 to hold its key interest rate steady in a range between 3.5% and 3.75% on Wednesday, July 29 — and the bond market’s reaction was swift and telling. Long-term…
Audi’s Biggest SUV Ever Is Finally Here and It Means Business
Audi is entering the full-size SUV market for the first time with the all-new 2027 Q9. The flagship model represents a significant step for the brand, offering two variants to choose from: the standard Q9 and the sportier SQ9. It marks Audi’s most ambitious and largest SUV offering to date.
Fed Holds Rates Steady But Three Officials Break Ranks in Rare Dissent
The Federal Reserve is meeting Wednesday to decide whether to change interest rates. Policymakers are widely expected to hold rates steady for now, but a rate hike remains on the table as inflation continues to prove difficult to bring down. The outcome of the meeting will be closely watched by markets and consumers alike.
South Korea’s Stock Market Suffers Historic Plunge as AI Chip Fears Grip Global Markets
A Stunning Collapse in Seoul South Korea’s Kospi index plunged more than 10% on Tuesday on heavy selling of chipmaking stocks that have gyrated recently due to concerns over the sustainability of the boom in artificial intelligence. The drop was so severe and so sudden…
China’s Chip Surge and AI Debt Fears Trigger a Global Semiconductor Meltdown
A Selloff With Two Faces The global semiconductor sector has been rocked by a two-day rout that wiped out hundreds of billions in market value, driven by a pair of forces that are feeding each other: mounting doubt about whether the AI spending boom is…
Shein Posts $99 Million Loss as Trade Barriers Threaten Its IPO Ambitions
Fast-fashion giant Shein has reported a financial loss as it prepares for a planned stock market listing in Hong Kong. The company is facing growing pressure from trade tensions with the United States and European Union, which pose significant risks to its business model. Shein has built its success largely on low-cost goods shipped directly to consumers, a strategy now under scrutiny from regulators on both sides of the Atlantic.
China’s Factory Profits Hit a Speed Bump as Domestic Demand Falters
China’s industrial profits are growing at their slowest rate this year, according to new official data, signaling an uneven recovery among the country’s manufacturers. While some sectors have seen earnings rebound, the broader picture remains inconsistent, raising concerns about the strength and sustainability of China’s post-pandemic economic recovery.
Chinese AI Startups Are Winning Over American Companies With Cheaper, Powerful Models
A New Wave of Chinese AI Is Landing on American Shores China has a hot new product in the United States: artificial intelligence. What started as a curiosity is rapidly becoming a business reality, as American executives and major companies quietly shift their day-to-day AI…
Nearly 2,000 Americans Sickened as “Lettuce-Gate” Cyclospora Outbreak Keeps Growing
A Parasite, a Fast Food Chain, and a Nation on Edge What started as a cluster of stomach illnesses in the Midwest has ballooned into one of the most alarming foodborne disease outbreaks in recent memory. Nearly 2,000 people infected with Cyclospora and reporting exposure…
