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Wednesday, January 28, 2026

UPS to cut 30,000 jobs and close 24 sites as Amazon volume “glide-down” continues

UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as it reduces Amazon delivery volume, even as the company beat earnings estimates and forecast higher revenue for the year.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Tesla stock in focus ahead of results as Wall Street debates growth vs profitability

Tesla is set for a key earnings test as investors watch margins, demand and pricing strategy, with the results expected to influence sentiment across the EV and tech markets.

Editorial Team

Meta’s $2 Billion AI Acquisition: Manus Deal Signals Strategic Shift and China Exit

Meta has announced a blockbuster acquisition of AI startup Manus for over $2 billion, a move that underscores the tech giant's aggressive investment in...

Chinese AI Challenger Z.ai Aims for $560M IPO, Taking Aim at OpenAI’s Dominance

Chinese artificial intelligence powerhouse Z.ai has filed for an initial public offering on the Hong Kong Stock Exchange, seeking to raise approximately $560 million....

China’s Dollar Bonds Match US Treasury Yields, Signaling Strong Investor Confidence

China has successfully issued $4 billion in dollar-denominated bonds, with a significant portion priced at yields comparable to U.S. Treasuries. This development underscores a...

China Ascends as Climate Leader Amidst U.S. and E.U. Retreat

As international climate talks commence, China is stepping into a prominent leadership role, driving the global energy transition. This shift occurs as the United...

China Strengthens Environmental Oversight with New Monitoring Regulations

China has officially implemented a new regulation on ecological environment monitoring, effective January 1st. This comprehensive set of rules, signed by Premier Li Qiang,...

Navigating Forex Volatility: US-China Trade Tensions and Fed Policy Shape Currency Markets

Global forex markets are experiencing significant fluctuations, driven by the ongoing US-China trade negotiations and the US Federal Reserve's monetary policy stance. Investors are...

China Targets $980 Billion Sports Economy by 2030

China is embarking on an ambitious plan to significantly expand its sports sector, aiming to reach a valuation of 7 trillion yuan (approximately $980...

China’s Robot Sports Arena: A Glimpse into the Future of Home Humanoids

On the outskirts of Beijing, a new kind of athlete is taking the field – humanoid robots. China is rapidly advancing its humanoid robot...

South Korean President Lee Visits China Amidst Regional Tensions and North Korean Missile Launches

South Korean President Lee Jae Myung arrived in Beijing for a four-day state visit on January 4, 2026, aiming to bolster ties with China...

China’s Manufacturing Sector Navigates Overcapacity, Expansion, and Export Curbs

China's manufacturing sector is presenting a complex picture, marked by signs of overcapacity and industrial expansion, while simultaneously implementing export restrictions on key materials....

China Continues Gold Accumulation for Ninth Month as Forex Reserves Decline

China's central bank has continued its strategy of increasing gold holdings, marking the ninth consecutive month of accumulation in July. This move comes as...

China Condemns US Actions in Venezuela, Demands Maduro’s Release

China has strongly condemned the United States' military actions in Venezuela, which resulted in the capture of President Nicolas Maduro and his wife. Beijing...

Wenchang’s Spaceport Ignites Tourism Boom with Frequent Rocket Launches

The Wenchang Spacecraft Launch Site in Hainan is experiencing a surge in aerospace-themed tourism, driven by the increasing frequency of rocket launches. This modern,...

China’s Horseback Tourism Surges: Exploring Untamed Landscapes on Horseback

Horseback tourism is rapidly gaining traction in China, offering a unique and adventurous way for both domestic and international travelers to explore the country's...

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