Employees work on the production line of automotive display chips at a workshop on May 22, 2026 in Huzhou, Zhejiang Province of China. Vcg | Visual China Group | Getty Images BEIJING — China’s industrial profits surged by 24.7% in April from a year earlier, according to official data released Wednesday, despite broader signs of…
Hong Kong’s Victoria Harbour. Yaorusheng | Moment | Getty Images Asia-Pacific markets rose on Wednesday, with Japan and South Korea’s benchmark indices hitting new highs as investors assessed recent U.S. military action in Iran, the fragile state of the Washington-Tehran ceasefire and optimism that a deal could still be reached. Japan’s Nikkei 225 rose 1.49% to a…
Senator John Cornyn, a Republican from Texas (L) and Texas Attorney General Ken Paxton. Eddie Seal | Bloomberg | Getty Images Texas Attorney General Ken Paxton defeated incumbent Sen. John Cornyn in a Republican Senate runoff Tuesday, coming a week after President Donald Trump endorsed the challenger over the objections of Senate leadership. Paxton will…
The SK Hynix logo is seen above a printed circuit board. Sopa Images | Lightrocket | Getty Images Shares of SK Hynix jumped more than 11% on Wednesday, lifting the South Korean chipmaker’s market capitalization above $1 trillion as investors continued to pile into artificial intelligence-linked semiconductor stocks. The rally extended a blistering run that…
US President Donald Trump gestures as he speaks to reporters after arriving on the South Lawn of the White House in Washington, DC, on May 15, 2026. Alex Wroblewski | AFP | Getty Images President Donald Trump on Tuesday said he and his Cabinet will no longer meet at Camp David on Wednesday, and will…
As Elon Musk prepares to lead a second trillion-dollar company into the public market, a move that will likely put him in charge of two of the 10 most valuable U.S. enterprises, chatter is building that Musk’s ultimate goal is to combine the entities into one. SpaceX is expected to start trading on the Nasdaq…
Interior Secretary Doug Burgum opened a new front Tuesday in the Trump administration’s public feud with the Vatican, dismissing Pope Leo XIV’s warning about artificial intelligence as the White House resists new guardrails on the rapidly evolving technology. “I didn’t know that tech editorializing was part of the role of being pope,” Burgum said in…
An AutoZone store in Richmond, California, Feb. 26, 2026. David Paul Morris | Bloomberg | Getty Images AutoZone Inc. on Tuesday recorded its worst trading day in more than four years despite the retailer beating Wall Street’s estimates for its third-quarter fiscal results. AutoZone stock closed off 9%, marking its worst decline since a 9.5%…
Pope Leo XIV holds his weekly general audience at St. Peter’s Square in Vatican City, June 11, 2025. Massimo Valicchia | Nurphoto | Getty Images Pope Leo warned over the weekend about a “social calamity” that could come from mass unemployment due to the adoption of artificial intelligence technologies. Prediction market traders appear to think…
A demonstrator holds up a sign outside the Alabama Statehouse in Montgomery, May 7, 2026. Kim Chandler | AP A panel of federal judges on Monday blocked Alabama from using congressional district maps that would dilute the votes of Black people in the 2026 midterm elections. The ruling in U.S. District Court in Birmingham, Alabama,…
