This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Sitting in his new Beijing office, AI2 Robotics Founder and CEO Eric Guo wistfully reflected on fundraising challenges in China — and noted that U.S.-based…
QINGDAO, CHINA – FEBRUARY 05 2025: Workers assemble cars at a car plant of SAIC-GM-Wuling in Qingdao city in east China’s Shandong province Wednesday, Feb. 05, 2025. ZHANG JINGANG | Future Publishing | Getty Images Profits at industrial firms in China declined in October, the National Bureau of Statistics said on Thursday, as manufacturers navigated…
A Netflix logo is on display at the Lucca Comics & Games 2025 event, one of Europe’s largest pop culture conventions, as stars and creators of “Stranger Things” series launch Season 5, in Lucca, Italy, October 31, 2025. Claudia Greco | Reuters Users on social media posted that they were experiencing issues with Netflix’s service…
The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty Images Asia-Pacific markets opened higher Thursday, after Wall Street gained as Fed rate-cut hopes grew and tech stocks rebounded. Japan’s benchmark Nikkei 225 index rose 0.85%, and the Topix index added 0.64%. Artificial intelligence-related stocks rallied on the…
Apple CEO Tim Cook holds up a new iPhone 17 Pro during an Apple special event at Apple headquarters on September 09, 2025 in Cupertino, California. Justin Sullivan | Getty Images Apple is set to ship more smartphones than Samsung in 2025, the first time it will have done so in 14 years, Counterpoint Research…
Driverless WeRide robotaxis for Uber. Courtesy: Uber Uber on Wednesday rolled out fully driverless rides in its fourth market, launching the service in Abu Dhabi in partnership WeRide, a Chinese autonomous vehicle company. The ride-hailing company said the launch in the United Arab Emirates capital represents the first driverless robotaxi service in the Middle East….
The Workday Inc. pop-up pavilion ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Saturday, Jan. 19, 2025. Hollie Adams | Bloomberg | Getty Images Shares of software maker Workday slid nearly 8% on Wednesday as analysts lowered their price targets, citing a lack of a upside after the company revised its full-year…
Rep. Eric Swalwell (D-CA) Yuri Gripas | Reuters Rep. Eric Swalwell, D-Calif., filed a 19-page lawsuit Tuesday in U.S. District Court in Washington, D.C., alleging Federal Housing Finance Agency Director Bill Pulte abused his authority to make “fanciful” mortgage fraud allegations against him and other critics of President Donald Trump. The lawsuit asks the court…
Disney’s “Zootopia 2” follows detectives Judy Hopps and Nick Wilde find themselves on the twisting trail of a mysterious reptile who turns the mammal metropolis of Zootopia upside down. Disney Moviegoers have plenty to feast on at the box office this Thanksgiving. Disney’s “Zootopia 2” snared $10.2 million in Tuesday previews, the second-highest haul for…
Drug pricing has emerged as a key topic to watch for pharmaceutical companies and investors in 2025. As President Donald Trump pushes for lower medicine prices for Americans, the sector is facing additional pricing pressure from a Biden-era law called the Inflation Reduction Act. The IRA, voted into law in 2022, allows the Centers for…
