Chinese AI Stocks Surge After Xi Jinping’s Visit to AI Innovation Center
Key Takeaways: Powered by lumidawealth.com Shares of Chinese AI and smart-device manufacturers rose after President Xi Jinping visited an AI innovation...
Visa Revenue Rises 9% in Q2 as Consumer Spending Remains Resilient
Key Takeaways: Powered by lumidawealth.com Visa reported Q2 revenue of $9.59 billion, a 9% increase year-over-year, slightly exceeding analysts’ expectations of...
UPS to Cut 20,000 Jobs and Close 73 Facilities After Amazon Breakup
Key Takeaways: Powered by lumidawealth.com UPS is cutting 20,000 operational jobs and closing 73 buildings in 2025 after reducing its reliance...
Samsung Beats Expectations as Strong Smartphone Sales Offset Weak Semiconductor Earnings
Key Takeaways: Powered by lumidawealth.com Samsung Electronics’ first-quarter net profit rose 22% year-over-year to 8.223 trillion won ($5.74 billion), surpassing the...
China’s Export Orders Plunge as Trump’s Tariffs Squeeze Economy
Key Takeaways: Powered by lumidawealth.com China’s manufacturing sector showed significant signs of strain in April, with new export orders falling to...
Mastercard Expands Stablecoin Capabilities, Partners With OKX for Crypto Card Launch
Key Takeaways: Powered by lumidawealth.com Mastercard is launching new global capabilities to support stablecoin payments, aiming to make them as seamless...
Amazon’s Kuiper Satellites Launch, Taking on SpaceX’s Starlink in Internet Space Race
Key Takeaways: Powered by lumidawealth.com Amazon launched its first 27 production satellites for Project Kuiper on April 28, marking a major...
China Signals Willingness to Cooperate With U.S. Firms Amid Boeing Jet Dispute
Key Takeaways: Powered by lumidawealth.com China’s Ministry of Commerce expressed willingness to support normal cooperation with U.S. companies, following Chinese airlines’...
Trump and the iPhone Made in India: A Win Against China or a Missed Opportunity for the U.S.?
Key Takeaways: Powered by lumidawealth.com Apple is shifting a significant portion of iPhone production for U.S. customers from China to India,...
Trump Proposes Improbable Income-Tax Cuts Tied to Tariffs, But the Math Doesn’t Add Up
Key Takeaways: Powered by lumidawealth.com President Trump has suggested eliminating income taxes for most households earning under $200,000, replacing the revenue...
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