Business

China Orders State Firms to Speed AI Rollout Across Manufacturing

China's SASAC directed central state-owned enterprises to accelerate AI adoption across manufacturing, from R&D to production and management.

China Unveils Publishing Industry Plan for 2026–2030 With 33 Major Projects

China's National Press and Publication Administration has issued a publishing industry plan through 2030, listing eight priority areas and 33 major project

China Orders State Firms to Speed AI Rollout Across Manufacturing

China's SASAC directed central state-owned enterprises to accelerate AI adoption across manufacturing, from R&D to production and management.

Merz Vows to Stay After CDU Gets 5% in State Vote

Friedrich Merz's CDU received just 5% in Mecklenburg-Vorpommern on Sunday, its worst state result since WWII, but the German chancellor vowed to press on.

Iran Sends US Peace Terms via Qatar as Oil Crosses $100 a Barrel

Iran's security chief says Tehran has sent Washington conditions to end the war through Qatar, including lifting the US naval blockade, as oil crosses $100

Seagate Beats Estimates and Lifts Outlook on Surging AI Storage Demand

Seagate topped June-quarter estimates and issued an upbeat forecast on surging AI-driven storage demand, lifting shares after hours.

Royal Caribbean Raises Profit Forecast on Strong Demand Despite Middle East Booking Softness

Royal Caribbean lifted its full-year earnings outlook on robust cruise demand, despite a modest booking hit from Middle East geopolitical tensions.

Apple Becomes Second Company to Reach $5 Trillion as Investors Retreat from AI Stocks

Apple became the second company to touch a $5 trillion valuation as investors rotated out of AI and semiconductor stocks amid a broader tech sell-off.

Chobani Must Face Class-Action Lawsuit Over Zero-Sugar Yogurt Labeling, Appeals Court Rules

A U.S. appeals court has revived a class-action lawsuit against Chobani over allegations that its zero-sugar yogurt labeling misleads consumers.

US Plans to Ban New Chinese Robots and Power Inverters, Citing AI Security Risks

The Trump administration plans to ban imports of advanced Chinese robots and power inverters, citing national security risks to the U.S. AI buildout.

Chip Stocks Head for One of Their Worst Months Ever as Broader Market Holds Steady

Semiconductor stocks are posting one of their steepest monthly declines on record, echoing the dot-com era, even as the broader market holds steady.

Chip Stocks Extend Selloff Amid AI Financing Doubts and China Competition Fears

Semiconductor shares fell for a second session as investors weighed AI financing costs and rising competition from Chinese chipmakers.

ASML Retains Chipmaking Edge Despite China’s Domestic Tool Push, Analysts Say

ASML remains insulated from China's domestic chipmaking tool drive despite US-China tensions, analysts say, as investors reassess recent share weakness.

NextChange Enters the Crowded Crypto Exchange Market With an Ambitious Trading and Payments Strategy

The emerging digital-asset platform is combining cryptocurrency trading, fiat services and a global payment card as it seeks to compete in an industry dominated by established exchanges.

FAA Proposes Seat Inspections on Hundreds of Boeing 737 MAX Jets Over Installation Flaw

The FAA has proposed inspections of 453 Boeing 737 MAX aircraft after finding improperly installed seats, adding to ongoing safety scrutiny of the model.

Hilton Raises Annual Revenue Forecast on Strong Luxury Hotel Demand

Hilton has raised its full-year revenue forecast, citing strong demand for luxury accommodations and rising hotel room rates across its global portfolio.

Boeing Reports Wider Second-Quarter Loss as Air Force One Charge Weighs on Results

Boeing reported a larger-than-expected second-quarter loss after taking a $280 million charge on its delayed Air Force One presidential aircraft program.

UPS Stock Rallies After Earnings Beat, Raised Outlook as Amazon Cuts Wind Down

UPS shares jumped after quarterly earnings beat estimates and the company raised its full-year revenue outlook as Amazon volume cuts and layoffs wound down

Cadence, Welltower Among Stocks Posting Biggest After-Hours Moves on Earnings

Cadence Design Systems, Welltower and Rambus were among the biggest movers in extended U.S. trading following fresh quarterly earnings reports.

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