Companies

PetroChina’s 2025 Profits Dip Amidst Global Oil Price Volatility and Softening Demand

PetroChina reports a 4.5% drop in 2025 net profit due to lower oil prices and weak fuel demand, despite increased production and strong cash flow.

Trump Urges Allies to ‘Get Their Own Oil’ Amidst Iran War and Soaring Gas Prices

President Trump tells allies to 'get your own oil' amid Iran war and rising gas prices, as global energy markets face severe disruption.

Iran Conflict Triggers Global Shortages of Helium and Aluminum, Fueling Economic Uncertainty

The war in Iran is causing global shortages of helium and aluminum, impacting semiconductor manufacturing, medical equipment, and consumer goods, leading to economic uncertainty.

Iran War Fuels Euro Zone Inflation Surge to 2.5%, ECB Faces Rate Dilemma

Euro zone inflation surges to 2.5% in March due to rising energy costs amid the Iran war, prompting the ECB to consider interest rate hikes.

China’s Factory Activity Surges to One-Year High in March Amidst Global Disruptions

China's factory activity surged to a one-year high in March, with the manufacturing PMI reaching 50.4, signaling a robust rebound driven by increased production and export orders, despite global economic headwinds.

Palantir Surges Past Q4 Expectations Fueled by Robust US Business Sales

Palantir's Q4 earnings beat expectations with strong sales to US businesses and government, driven by AI adoption. The company's stock surged on the positive results and optimistic future guidance.

PayPal Names New CEO as Branded Checkout Weakness Drives Forecast Concern

PayPal reported Q4 results below expectations and unveiled a CEO transition as the company flagged execution issues, particularly in branded checkout. Shares fell sharply as investors weighed a weaker outlook and intensifying competition.

Chinese AI Powerhouses Moonshot AI and Alibaba Unveil Advanced Models, Challenging US Dominance

Alibaba-backed Moonshot AI and Alibaba itself have released advanced AI models, Kimi K2.5 and Qwen3-Max-Thinking, challenging U.S. rivals like OpenAI and Google in the global AI race.

Blue Origin Grounds Space Tourism Flights to Prioritize Lunar Mission Development

Blue Origin halts New Shepard space tourism flights for at least two years to focus on developing lunar landers for NASA's Artemis missions.

Washington Post Journalists Appeal Directly to Jeff Bezos Amid Layoff Fears

Washington Post journalists are appealing directly to owner Jeff Bezos to prevent newsroom cuts and layoffs, citing concerns about the paper's future and journalistic integrity.

Alibaba’s Cainiao Merges with Robovan Pioneer Zelos in $2 Billion Deal to Revolutionize Last-Mile Delivery

Alibaba's logistics arm, Cainiao, is merging with robovan developer Zelos Technology in a $2 billion deal to create Cainiao Robovan, a new entity focused on autonomous last-mile delivery solutions.

Jeff Bezos’ Earth Fund Invests $3.5 Million to Accelerate Nuclear Reactor Construction

Jeff Bezos' Earth Fund donates $3.5 million to the Nuclear Scaling Initiative to accelerate nuclear reactor construction in the U.S. through an innovative 'orderbook' model.

Tesla Shifts Gears: Model S and X Production Ends as Focus Turns to Optimus Robots

Tesla is ending production of its Model S and Model X vehicles to focus on manufacturing Optimus robots and advancing its autonomous driving technology. Learn more about the strategic shift.

Maersk to temporarily operate Panama Canal ports after court voids Hutchison contract

Maersk will temporarily operate two Panama Canal ports after Panama’s Supreme Court ruled the previous concession unconstitutional, triggering a transition plan and renewed scrutiny of strategic canal-linked infrastructure.

Dow to cut 4,500 jobs, 13% of workforce, in restructuring push as AI and automation take bigger role

Dow will cut about 4,500 jobs as it restructures to boost efficiency and expand AI and automation, while forecasting weaker-than-expected first-quarter revenue amid sluggish demand.

SpaceX in talks to merge with xAI ahead of planned 2026 IPO, source says

SpaceX is reported to be in merger talks with Elon Musk’s AI firm xAI ahead of a planned 2026 IPO, a move that could combine Grok, Starlink and SpaceX infrastructure under one structure.

Amazon confirms 16,000 job cuts after “Project Dawn” message was sent by mistake

Amazon confirmed about 16,000 corporate job cuts after an internal “Project Dawn” layoff message was sent accidentally, extending a broader push to reduce layers, boost efficiency and expand AI-driven automation.

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.

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.

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