Finance

Here’s why Chinese carmakers are beating the Europeans in Kazakhstan

Here’s why Chinese carmakers are beating the Europeans in Kazakhstan

Ten years ago, streets in Kazakhstan were full of BMWs, Volkswagens, Mercedes and many other European car brands that have long been enjoying customer loyalty not only in Kazakhstan, but in the po...

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China’s small bank mergers shrink sector but raise financial risks

China’s small bank mergers shrink sector but raise financial risks

Dec 12 (Reuters) – Many of China’s newly merged small banks have seen profits fall and capital buffers shrink over the past year, a Reuters review of data showed, testing Beijing̵...

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Trump Signs Order Seeking to Limit State-Level AI Regulation

Trump Signs Order Seeking to Limit State-Level AI Regulation

Photographer: Shawn Thew/EPA/Bloomberg (Bloomberg) — President Donald Trump signed an order aimed at thwarting state-level regulation of artificial intelligence through lawsuits and ...

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Broadcom Shares Slide After Investors Seek Bigger AI Payoff

Broadcom Shares Slide After Investors Seek Bigger AI Payoff

(Bloomberg) — Broadcom Inc., a chip company vying with Nvidia Corp. for AI computing revenue, suffered a stock slide after its sales outlook for the red-hot market failed to meet investors’ ...

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Broadcom gives upbeat forecast for AI demand, Lululemon stock pops, Costco dips

Broadcom gives upbeat forecast for AI demand, Lululemon stock pops, Costco dips

Kroger (KR) stock fell about 3% in premarket trading after the food retailer reported little revenue growth year over year. The Cincinnati-based grocery chain posted adjusted earnings per share of...

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If Google wins AI race, Nvidia is ‘in trouble,’ says author of Jensen Huang biography

If Google wins AI race, Nvidia is ‘in trouble,’ says author of Jensen Huang biography

Nvidia’s (NVDA) AI turf could take a blow if Google (GOOGL, GOOG) keeps firing on all cylinders. “The biggest risk right now obviously is Google,” said Stephen Witt, author of &#...

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