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Business News

Location American Business News for 16 April 2025
US tariffs may cost chip equipment makers more than $1 billion, industry estimates Each of the three largest U.S. chip equipment makers -- Applied Materials, Lam Research and KLA -- may suffer a loss of roughly $350 million over a year related to the tariffs, the sources said.
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China Girds for Economic Stress of Trump's Tariffs

The New York Times - 16 Apr 2025 04:01
China Girds for Economic Stress of Trump's Tariffs The economy grew steadily from January through March, but U.S. tariffs pose a risk for China in the coming weeks and months.
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Nvidia expects $5.5 billion in charges tied to the Trump administration's new export restrictions on H20 chips to China Nvidia expects up to $5.5 billion in charges as a result of the Trump administration's licensing requirement to export its H20 chips to China.
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US tariffs will make global trade shrink, says WTO The Geneva-based institution says American tariffs will send international trade into reverse.
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US stocks slump as Nvidia sounds warns of $5.5B charge over new chip export restriction The Commerce Department announced it is mandating new licensing requirements for Nvidia and AMD to export popular chips to China.
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Hidden Killers: Inside Ukraine's Combat Drone Statistics Ukraine's elite Birds of Magyar publish their monthly kill statistics, revealing patterns and shedding light on the effectiveness of rarely-seen bomber drones and FPVS.
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U.S. retail sales surge to 26-month high as buyers rush to avoid tariff-related price hikes Economy still in good shape, but trade wars a risk
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Google sued for £5bn in UK over allegations of shutting out rivals Class action argues US tech firm charged more for advertising on its preinstalled apps than it could in fair market Google is being sued in the UK for up to £5bn in damages over allegations it shut out rivals in the int...
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Harley-Davidson's latest roadblock: An activist shareholder who wants to oust its CEO Harley-Davidson's future is blurry after one of its largest shareholders called for a shake-up of the motorcycle maker's board of directors.
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United Airlines to slash flights by 4% this summer due to softer demand, recession fears: 'Impossible to predict' United said its financial forecast is dependent on the macro environment which, it added, is "impossible to predict this year with any degree of confidence."
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Louisiana, Iowa, and Hawaii top the list of states that are expected to see the sharpest increases by end of 2025.
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Billionaire Robert Kuok, Malaysian Tycoons Seek Profit From Data Center Boom As these global tech giants From Amazon to Microsoft pour billions into expanding their data storage footprints amid an AI boom, several Malaysian tycoons have latched on to this new wave.
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Rising Shares Of AI-Powered Traffic Management Firm Earns Former Cop A Debut Spot Among Malaysia's Richest After a stint with the Royal Malaysia Police, Tan Boon Hock, who makes his debut in the ranks at No. 40 with $490 million, worked as an engineer then started his own electrical contracting firm in 1984.
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Malaysia's Sunway Group Chairman Jeffrey Cheah Says The Best Is Yet To Come With its shares up by nearly one-fifth in the past year, Sunway has delivered healthy returns to its investors, giving a $600 million boost to the net worth of Jeffrey Cheah, Sunway's founder and chairman.
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Malaysian Convenience Store Chain 99 Speedmart Accelerates Expansion Last September's listing of 99 Speed Mart Retail Holdings raised $532 million in what was Malaysia's biggest IPO in seven years.
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Malaysia's 50 Richest 2025: Tycoons Get A Wealth Boost Despite Market Mayhem. Robert Kuok Remains Country's Richest. A stronger ringgit, up more than 5% in the past 12 months, helped to lift collective wealth to $90 billion.
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2025 PFL World Tournament 3 Fight Card Betting Odds We look at the betting odds for the 2025 PFL World Tournament 3 fight card, which features the first-round of the PFL lightweight and middleweight tournaments
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Foreign investors bought more Treasury bonds in February, official data shows Foreign investors increased their holdings of U.S. Treasury bonds in February, even as official-sector entities like central banks sold down theirs for a fourth straight month, the latest data from the Treasury Departmen...
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US mulls penalties to block DeepSeek from buying American technology DeepSeek, White house and the Commerce Department did not immediately respond to Reuters' requests for comment.
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Proven Strategies on How to Increase Online Sales and Boost Your E-Commerce Success Discover proven strategies on how to increase online sales and elevate your e-commerce success. Learn effective techniques to attract customers, enhance your website, and maximize conversions in this comprehensive guide.
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OpenAI launches groundbreaking o3 and o4-mini AI models that can manipulate and reason with images, representing a major advance in visual problem-solving and tool-using artificial intelligence.
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Abbott's strong stock performance continued Wednesday after a first-quarter earnings beat and a guidance reaffirmation.
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