Author: Daniel snow

Workers producing garments at a textile factory that supplies clothes to fast fashion e-commerce company Shein in Guangzhou in southern China’s Guangdong province.Jade Gao | Afp | Getty ImagesChina’s manufacturing activity contracted for a third straight month in June, an official survey showed on Monday, fueling hopes for more stimulus to cushion the impact of ongoing trade disruptions.The official purchasing managers’ index (PMI) improved slightly to 49.7 in June from 49.5 in May but stayed below the 50-benchmark separating expansion from contraction. That figure was in line with analysts’ forecast of 49.7 in a Reuters poll.The non-manufacturing PMI, which includes…

Buffett made share donations to five charities, including those run by his children. Source link

Elon Musk speaks during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025.Nathan Howard | ReutersElon Musk ripped into the Senate’s massive domestic policy package on Saturday, calling it “utterly insane” and destructive,” pointing to provisions in the bill that would raise taxes on many solar, battery, geothermal, wind and nuclear energy projects.Musk’s automaker Tesla produces, sells and installs both battery energy storage systems, and solar photovoltaics as part of its energy division.Musk’s remarks come weeks after he first hurled harsh criticism against the bill, which is backed…

U.S. stock-market futures rose Sunday, after the S&P 500 and Nasdaq finished last week at record highs. Source link

Sen. Thom Tillis, R-N.C., speaks to reporters as he leaves the Senate floor in the U.S. Capitol on Thursday, March 13, 2025. Bill Clark | Cq-roll Call, Inc. | Getty ImagesRepublican Sen. Thom Tillis, N.C., will not run for re-election when his term is up, he announced Sunday, hours after he voted against advancing President Donald Trump’s tax bill and drew the president’s ire.”As many of my colleagues have noticed over the last year, and at times even joked about, I haven’t exactly been excited about running for another term,” Tillis said in a statement.”That is true since the choice is between spending…

Pet owners share the financial hoops they’ve jumped through for their cats and dogs — from taking out loans and eating ramen noodles for a month, to shelling out $500 for a dog fart. Source link

ZHEJIANG, CHINA – MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu.Long Wei | Future Publishing | Getty ImagesOn Monday, Chinese technology giant Baidu plans to make its Ernie generative AI large language model open source, a move by China’s tech sector that could be its biggest in the AI race since the emergence of DeepSeek. A Baidu spokesman confirmed the plan and said the open sourcing will be a gradual roll-out. Will it be a shock to the market on the order of DeepSeek? That’s a question which divides…

NVIDIA founder and CEO Jensen Huang speaks during the NVIDIA GTC Paris keynote, part of the 9th edition of the VivaTech technology startup and innovation fair, held at the Dôme de Paris in the Porte de Versailles exhibition center in Paris on June 11, 2025.Mustafa Yalcin | Anadolu | Getty ImagesInsiders at artificial intelligence chipmaker Nvidia have dumped more than $1 billion in stock over the last year, according to a report from the Financial Times.About $500 million worth of sales occurred over the last month as the market notched new highs and shook off geopolitical tensions that had rattled…

If you’re always sprinting toward what’s next, you’re missing what’s best. Source link

U.S. President Donald Trump speaks during a meeting with Democratic Republic of the Congo’s Foreign Minister Therese Kayikwamba Wagner (not pictured) and Rwanda’s Foreign Minister Olivier Nduhungirehe (not pictured) in the Oval Office at the White House in Washington D.C., June 27, 2025. Ken Cedeno | ReutersPresident Donald Trump said that Democratic candidate Zohran Mamdani has “to do the right thing” if he is elected mayor of New York City, or he could see federal funding dry up.”Let’s say this, if he does get in, I’m going to be president and he’s going to have to do the right thing, or…