Nasdaq 100 futures slip after major averages incur back-to-back losses: Live updates
U.S. stock futures ticked down Tuesday night after the major averages incurred a second day of losses, fueled by a decline in Nvidia.
Asian news from county Palo Alto
Elon Musk's X stirs free speech controversy from Australia to India to Brazil
PALO ALTO, U.S./SYDNEY/SAO PAULO -- Social media platform X and its owner, Elon Musk, are clashing with authorities around the world over demands to remove content seen as harmful, igniting debates over censorship as well as the role of Musk's business interests.
As Tesla layoffs continue, here are 600 jobs the company cut in California
As part of Tesla's massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it's cutting approximately 600 more employees at its manufacturing facilities and engineering offices between Fremont and Palo Alto.
China EV makers rush cars to Mexico and Brazil amid tariff concerns
PALO ALTO, California/TAIPEI/TOKYO -- Chinese EV makers including BYD are rushing to ship vehicles to Mexico and Brazil in preparation for tariff hikes and other trade restrictions, Nikkei Asia has learned. That comes as Washington announced 100% tariffs on Chinese EVs on Tuesday, a move that is expected to be followed by more trade actions aimed at electric vehicles from China by the U.S. and its allies.
Sony looks to boost film assets with $26bn Paramount acquisition
PALO ALTO, California/NEW YORK -- Sony and U.S. investment fund Apollo Global Management have proposed an acquisition of Paramount Global for $26 billion, according to media reports, as the Japanese company's film arm aims to bolster its slate of intellectual property.
Apple CEO calls China 'the most competitive market in the world' as iPhone sales drop
PALO ALTO, California -- Apple CEO Tim Cook called China "the most competitive market in the world" as the tech company reported lackluster quarterly results Thursday due to weakening demand in the world's second-largest economy and stiff competition from Huawei Technologies.
Tesla profit falls nearly 50% as demand and China headwinds persist
PALO ALTO, California -- Tesla reported a third straight quarterly profit drop on Tuesday as the U.S. electric-vehicle maker faces weakening EV demand in key markets, including China, where it faces growing competition from such local players as BYD.
Japan and India to be next AI hotspots: Vinod Khosla
PALO ALTO, California -- Artificial intelligence innovations are diverse, and related business opportunities are expanding to Asia, including India and Japan, Vinod Khosla, a prominent venture capitalist in Silicon Valley, said in a recent interview with Nikkei.
Apple to 'look at' Indonesia manufacturing, Tim Cook tells Jokowi
JAKARTA/PALO ALTO, California -- Apple CEO Tim Cook said the iPhone maker will "look at" the possibility of manufacturing in the country after a meeting with Indonesian President Joko "Jokowi" Widodo on Wednesday.