Tag Archives: CNBC

Temu parent PDD’s stock tumbles as Trump tariffs close trade loophole

PDD-owned budget online retailer Temu and its rival Shein have relied on de minimis to maintain their rock bottom prices.

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Trump coin leads tumble in meme cryptocurrencies as tariffs rock global markets

Meme coins plummeted over the weekend as President Donald Trump signed new tariffs, kicking off a trade war that caused investors to dump risk assets.

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Alphabet-backed fintech GoCardless halves losses, targets first annual profit in 2026

GoCardless reported a net loss of £35.1 million in the full year ending June 2024, down 55% year-over-year.

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EU kicks off landmark AI law enforcement as first batch of restrictions enter into force

On Sunday, the deadline for prohibitions on certain AI systems and staff technology literacy requirements officially lapsed.

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Bitcoin slides toward $90,000 after Trump orders tariffs

Cryptocurrencies tumbled on Sunday in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs.

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Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein

President Donald Trump’s tariffs against China, Canada and Mexico target a trade provision that helped spur the rise of low-cost retailers, including Temu and Shein.

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Chinese AI app DeepSeek was downloaded by millions. Deleting it might come next

Should millions of Americans be downloading Chinese AI app DeepSeek and giving their personal data to it? For reasons of privacy and cybersecurity, maybe not.

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Singapore says U.S. firms should comply with export controls following DeepSeek chip questions

Questions have been raised over the provenance of the semiconductors used to build DeepSeek’s AI model, given U.S. export restrictions.

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Google offers ‘voluntary’ buyouts to hardware and platform teams

The move comes ahead of expected layoffs as Google continues to “push a little further” with cost cuts.

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Atlassian hits 52-week high after reporting better-than-expected earnings, revenue outlook

Atlassian benefited from robust cloud and data center growth during the period as more customers turned to artificial intelligence solutions.

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