Volkswagen plans 50,000 job cuts as analysts see ‘halo effect’ for German auto industry
Volkswagen shares jumped on Friday after it announced plans to slash a further 50,000 jobs as part of its transformation plan.
Argentina’s Milei escalates Falklands dispute as Trump questions U.S. support for Britain
Argentina’s President Javier Milei has renewed the country’s claim to the Falkland Islands and threatened sanctions on oil companies.
Trump-promoted Freedom Fuel expands to Detroit as lawsuit over supplier’s unpaid fuel heats up
Freedom Fuel won free publicity when President Donald Trump urged other gas retailers to emulate its low prices in July.
Vance says Fed should lower interest rates: ‘Would be nice to have some help’
Vice President J.D. Vance’s remarks came less than two weeks before the Federal Open Market Committee is set to convene and decide whether to adjust rates.
Microsoft to impose time limits on Xbox cloud gaming subscribers as costs continue to climb
Xbox Game Pass subscribers will have cloud gaming capped starting in November.
Fed Governor Waller indicates he will support holding rates steady at September meeting
In remarks that seem to contrast with statements last week from Chairman Kevin Warsh, Waller expressed confidence in the current inflation trends.
Leon Black sues House Oversight over Epstein probe subpoenas, won’t appear Thursday
Black’s attorneys say the NDAs being sought by the panel have nothing to do with his dealings with notorious sex offender Jeffrey Epstein.
Hugging Face approached Nvidia’s Huang weeks ahead of $12.9B acquisition, CEO tells CNBC
Nvidia CEO Jensen Huang said that with Hugging Face, the chipmaker will “expand access to AI for developers and institutions worldwide.”
Hidden China risks are emerging in America’s multibillion-dollar AI data center boom
U.S. AI data centers rely on China-linked supplies of transformers, batteries and optical gear as Washington moves to tighten restrictions on foreign equipment.
Trump and Xi are set to meet in DC. Why some China watchers have low expectations
Trump’s summit with Xi is expected to take place less than six weeks before the U.S. election, with polls showing Democrats favored to make gains in Congress.
