Author: Daniel snow

Customers look at BYD electric cars at an auto show in Yantai, in eastern China’s Shandong province on April 10, 2025. Stringer | Afp | Getty ImagesBEIJING — Competition in China’s electric car market just got fiercer with consequences for the domestic economy and even the global auto market.Industry giant BYD last week announced a slew of discounts — some of nearly 30% or more — across several of its lower-end battery-only and hybrid models. The budget-friendly Seagull compact car saw its price drop to 55,800 yuan ($7,750).Other major Chinese automakers have begun following suit.”BYD’s action this time has made…

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Jensen Huang, co-founder and CEO of Nvidia, during the Computex conference in Taipei, Taiwan, on May 20, 2025.Annabelle Chih | Bloomberg | Getty ImagesNvidia shares jumped in premarket trading on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks.Shares of Nvidia were 5.22% higher at 05:06 a.m. ET after the company posted better-than-expected earnings and revenue on Wednesday, even as it took a hit from U.S. semiconductor export restrictions to China.Nvidia has been seen by investors as a bellwether for the broader semiconductor industry and artificial intelligence-related stocks, with its latest strong numbers sparking…

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US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty ImagesU.S. President Donald Trump is expected to find a workaround after suffering a major blow to a core part of his economic agenda.The U.S. Court of International Trade on Wednesday ruled that the president had overstepped his authority by invoking the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs on numerous countries.The Manhattan-based court not only ordered a permanent halt to most of Trump’s tariffs, but also barred…

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