Australia's only silicon manufacturer, Simcoa, will exit the United States after the Trump administration imposed heavy new tariffs on silicon metal imported from Australia, leading to a roughly 40 per cent additional levy.
China's recent advancements in AI, chip manufacturing, and robotics are causing significant disruptions in US financial markets and creating divisions among US tech leaders and within the Trump administration regarding how to respond to the competitive threat, leading to actions like the FCC banning Chinese humanoid robots.
Honda's Prologue EV discontinuation reflects a broader US market pullback by automakers due to tax credit expiration, tariffs, and shifting consumer preferences, despite ongoing EV sales and new model introductions.
A guide for 2025 highlights ten AI tools, including ChatGPT, Canva Magic Studio, and RunwayML, that aim to revolutionize content creation by enhancing efficiency and quality for marketers, businesses, and creators across various digital platforms.
US markets surged, with the Dow crossing 53,000 for the first time, driven by chip stock rebounds. Meanwhile, FIFA rejected Belgium's challenge to US striker Folarin Balogun's eligibility, a decision supported by Donald Trump. Alibaba also banned AI tools citing security risks.
A council report indicates Asian markets drove gold price rebounds in H1, while US markets caused pullbacks. Despite a recent drop from record highs, gold is expected to show upside potential in H2 2024, influenced by factors like geopolitical risks and local currency weakness in Asia.
The International Table Tennis Federation's hopes for the US market are challenged as the WTT Grand Smash USA in Los Angeles sees a vast number of unsold tickets for its opening day, contrasting sharply with instant sell-outs in China, despite a star-studded lineup and low ticket prices.
Polestar, the Swedish EV maker owned by Geely, cannot sell new cars in the US due to a Department of Commerce decision under the Trump administration's "Connected Vehicle Rule." The company will continue selling existing stock and focus on Europe.
Polestar will be barred from selling new models in the US starting in 2027 due to the Connected Vehicle Rule, which prohibits vehicles with Chinese or Russian software/hardware over national security concerns. Polestar is majority-owned by China's Geely.
Bitcoin's rebound above $65,000 is met with mixed macro signals. While falling oil prices ease inflation concerns, the strong US Dollar Index and high Treasury yields suggest tight financial conditions persist, challenging Bitcoin's sustained recovery.
Elon Musk's SpaceX IPO has sparked widespread concern among Americans about their retirement savings being tied to AI-driven companies. Many fear market instability, widening inequality, and a lack of accountability from tech giants.
Bitwise's HYPE ETF (BHYP) now has options trading on the NYSE, creating a regulated link between US equity markets and the 24/7 Hyperliquid crypto exchange. This connects ETF shares, US options, HYPE spot/perpetual futures, and Hyperliquid's on-chain economy, allowing for new risk management and trading strategies.
The CFTC has approved KalshiEX to list a Bitcoin perpetual futures contract (BTCPERP), marking a significant step for crypto derivatives in regulated US markets. This move could change how retail and institutional traders access leveraged Bitcoin exposure, bringing a popular crypto financial tool into the US regulatory framework.
SpaceX's historic IPO on Friday saw its stock debut at $150, valuing the company at over two trillion dollars and surpassing Meta. The Dow Jones, S&P 500, and Nasdaq all closed higher, while new developments in Iran pushed oil prices down.
SpaceX to list on Nasdaq with $75B IPO, valuing the company at nearly $1.8T, surpassing Tesla and Meta, with potential to make Elon Musk a trillionaire.
US consumer inflation surged 0.5% in May, reaching its fastest pace in three years, driven by soaring oil prices and higher energy costs. This puts pressure on the Federal Reserve ahead of its policy meeting.
Trad.Fi plans to bring $650M in private credit onchain over 48 months to digitize US equipment financing, reducing approval times to one business day. An onchain investment pool will offer investors exposure, excluding US investors initially.
President Vladimir Putin states Russia continues to supply uranium to the US market, highlighting the economic benefit despite political tensions.
Remy Cointreau reported a sharp fall in annual profit to €78.7 million, but exceeded analyst expectations. The company's shares rose 12% on the Paris stock exchange following the announcement of a three-year turnaround plan aimed at boosting growth and efficiency.
Over 20 Taiwanese companies showcased their drone technology at XPONENTIAL 2026 in Detroit, aiming to tap into the US market. This participation follows the proposed "Blue Skies for Taiwan Act" and aims to establish Taiwan as a key player in the US's "de-Sinicized" drone supply chain.
Guzman y Gomez shares jumped 20.58% after the Mexican-themed fast-food chain announced its exit from the U.S. market to concentrate on Australia, citing high costs and lack of differentiation from rivals.
The Senate Banking Committee advanced the CLARITY Act, a digital asset market framework, by a 15-9 vote. While not yet law, the bill signals Washington's intent to create clearer regulations, potentially boosting consumer and institutional confidence in crypto.
Bitcoin faces challenges breaking out above $80,000 due to muted capital inflows and cautious futures traders, with potential sell pressure from six-month holders near $86,900.
The Motorola Razr Fold excels in battery life and multitasking but falls short in camera performance, lacks key hardware features, and comes with a hefty $1,900 price tag, making it hard to recommend despite its attractive design.
