News Blog

Trump threatens 50% tariffs on China as report suggests plans for arms shipment to Iran

U.S. President Donald Trump on Sunday threatened to impose a 50% tariff on China, after a report emerged that Beijing was preparing to deliver a shipment of new air defense systems to Iran.

Safran aims to double output of engine parts at northern France facility

French jet engine maker Safran will invest 150 million euros ($175.31 million) ​in a high tonnage hydraulic press to ‌increase the production of strategic engine parts, CEO Olivier Andries said on Monday.

Hormuz blockade could deepen world’s worst energy crisis — and risk a dangerous misstep

President Donald Trump ordered a naval blockade of the Strait of Hormuz on Sunday, dimming hopes for a quick end to the conflict in the Middle East and escalating a standoff with Iran that has already triggered the worst energy shock in history.

Sandisk Stock Joining Nasdaq 100. This Software Stock Is Getting Booted Out.

Sandisk stock was rising on Monday after Nasdaq said it would be adding the flash memory product supplier to the Nasdaq 100 index.

Volkswagen’s first-quarter deliveries drop 4% on weak China, US

Volkswagen reported a 4% fall in global deliveries in the first three months of 2026, as weak demand in China and the ​U.S. weighed on the German automaker.

Revolution Medicines’ potential breakthrough pancreatic cancer drug succeeds in late-stage trial

Revolution Medicines’ drug for pancreatic cancer succeeded in a highly anticipated Phase 3 trial, almost doubling the typical length of survival and slashing the risk of death by 60% versus chemotherapy, the company said Monday.

Consumer prices rose 3.3% in March, as energy prices spiked due to Iran conflict

Consumer prices spiked in March as the Iran war sent energy costs soaring and took the Federal Reserve further from its inflation target, according to a Bureau of Labor Statistics reported Friday. Underlying inflation, however, was relatively tame.

CoreWeave Strikes Deal With Anthropic. Another Big Name Is Using Its Cloud Platform.

CoreWeave added to its growing roster of big-name customers Friday, announcing a multi-year deal with artificial-intelligence start-up Anthropic.

TSMC posts 35% jump in revenue to new record high as AI chip demand stays strong

Taiwan Semiconductor Manufacturing Co. on Friday posted another quarter of record revenue driven by demand for AI chips.

Glencore buys 45% stake in South Carolina aluminium recycling plant

Glencore on Friday said ​it acquired ‌a 45% stake in an ​aluminium recycling ​and remelting plant ⁠near Charleston, ​South Carolina, strengthening ​the miner’s position in the U.S. ​aluminium ​supply chain.

China factory prices return to growth after 3 years, beating expectations on surging oil prices

China’s factory-gate prices rose for the first time in more than three years while consumer inflation moderated in March, amid a surge in oil prices as the Iran war upended global energy markets.

Snap unit to use Qualcomm chips for upcoming AI smart glasses

Specs, the Snap smart glasses unit formed early this year, will use Qualcomm ​chips for its upcoming devices under a ‌multi-year deal announced on Friday, marking its first major move.

Alibaba leads $290 million investment for building a new kind of AI model as LLM limits emerge

Alibaba Cloud is investing in a new type of artificial intelligence designed to better replicate the real world using a different approach from chatbots such as OpenAI’s ChatGPT.

Lumentum reportedly sees orders filled through 2028 on AI demand; shares rise

Shares of Lumentum Holdings Inc rose in premarket U.S. trading on Friday, after the group reportedly said demand from the artificial intelligence industry for its optical components was on track to fill its order book through 2028.

Iran attacks on crucial Saudi pipeline and production facilities slash kingdom’s oil output

Saudi Arabia’s critical pipeline to the Red Sea suffered a recent attack from Iran, cutting throughput by 700,000 barrels per day.

Core inflation was 3% in February, as expected, key Fed gauge shows

Core inflation eased slightly in February before the recent surge in energy prices, according to a key gauge released Thursday that offers the Federal Reserve a snapshot of conditions leading into the Iran war.

BlackBerry forecasts upbeat quarterly revenue, says turnaround complete

BlackBerry (BB) on Thursday forecast first-quarter revenue above estimates, as the Canadian software ​company’s turnaround gains traction on the back of strong demand across ‌its cybersecurity and embedded software divisions.

Constellation Brands Fourth-Quarter Revenue Slides as Alcohol Demand Remains Under Pressure

Constellation Brands logged lower revenue in its latest quarter as demand for its beer, wine and spirits remains weak.

Ares Management to Take Whitestone REIT Private in $1.7 Billion Deal

Alternative asset manager Ares Management (ARES) has agreed to take Whitestone REIT (WSR) private in a $1.7 billion, all-cash transaction.

Pentagon’s ouster of Anthropic opens doors for small AI rivals

Small defense industry artificial intelligence startups are suddenly fielding calls from generals, combatant commanders and deep-pocketed investors, after the souring relationship between the Pentagon and its ​once-favored AI vendor, Anthropic, reinforced the need to diversify and increase the number of AI providers for the military.