Business News
US tariffs may cost chip equipment makers more than $1 billion, industry estimates
New York Post - 16 Apr 2025 01:43
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.
China Girds for Economic Stress of Trump's Tariffs
The New York Times - 16 Apr 2025 04:01
The economy grew steadily from January through March, but U.S. tariffs pose a risk for China in the coming weeks and months.
Nvidia expects $5.5 billion in charges tied to the Trump administration's new export restrictions on H20 chips to China
Business Insider - 16 Apr 2025 02:29US tariffs will make global trade shrink, says WTO
BBC - 16 Apr 2025 17:03
The Geneva-based institution says American tariffs will send international trade into reverse.
US stocks slump as Nvidia sounds warns of $5.5B charge over new chip export restriction
New York Post - 16 Apr 2025 15:48
The Commerce Department announced it is mandating new licensing requirements for Nvidia and AMD to export popular chips to China.
Hidden Killers: Inside Ukraine's Combat Drone Statistics
Forbes - 16 Apr 2025 14:50
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.
U.S. retail sales surge to 26-month high as buyers rush to avoid tariff-related price hikes
Market Watch - 16 Apr 2025 14:41Google sued for £5bn in UK over allegations of shutting out rivals
The Guardian - 16 Apr 2025 14:34
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...
Harley-Davidson's latest roadblock: An activist shareholder who wants to oust its CEO
Market Watch - 16 Apr 2025 14:23United Airlines to slash flights by 4% this summer due to softer demand, recession fears: 'Impossible to predict'
New York Post - 16 Apr 2025 01:31
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."
9 states where homeowners' insurance costs are expected to increase the most this year
Business Insider - 16 Apr 2025 23:50
Louisiana, Iowa, and Hawaii top the list of states that are expected to see the sharpest increases by end of 2025.
Billionaire Robert Kuok, Malaysian Tycoons Seek Profit From Data Center Boom
Forbes - 16 Apr 2025 23:42
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.
Rising Shares Of AI-Powered Traffic Management Firm Earns Former Cop A Debut Spot Among Malaysia's Richest
Forbes - 16 Apr 2025 23:41
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.
Malaysia's Sunway Group Chairman Jeffrey Cheah Says The Best Is Yet To Come
Forbes - 16 Apr 2025 23:41
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.
Malaysian Convenience Store Chain 99 Speedmart Accelerates Expansion
Forbes - 16 Apr 2025 23:40
Last September's listing of 99 Speed Mart Retail Holdings raised $532 million in what was Malaysia's biggest IPO in seven years.
Malaysia's 50 Richest 2025: Tycoons Get A Wealth Boost Despite Market Mayhem. Robert Kuok Remains Country's Richest.
Forbes - 16 Apr 2025 23:40
A stronger ringgit, up more than 5% in the past 12 months, helped to lift collective wealth to $90 billion.
2025 PFL World Tournament 3 Fight Card Betting Odds
Forbes - 16 Apr 2025 23:35
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
Foreign investors bought more Treasury bonds in February, official data shows
Market Watch - 16 Apr 2025 23:34US mulls penalties to block DeepSeek from buying American technology
New York Post - 16 Apr 2025 23:31
DeepSeek, White house and the Commerce Department did not immediately respond to Reuters' requests for comment.
Proven Strategies on How to Increase Online Sales and Boost Your E-Commerce Success
Small Business Trends - 16 Apr 2025 23:31OpenAI launches o3 and o4-mini, AI models that 'think with images' and use tools autonomously
Venture Beat - 16 Apr 2025 20:38
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.
Abbott Labs shares surge on earnings and a big sign of confidence in the business
CNBC - 16 Apr 2025 19:30
Abbott's strong stock performance continued Wednesday after a first-quarter earnings beat and a guidance reaffirmation.