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...The Chinese commerce ministry said Beijing “firmly opposes” the US move, which it described as “economic coercion”....
UK press says proposed ‘web eraser’ tool in next iOS update threatens journalism’s financial sustainability
...That has unnerved the lawyers who believe the state’s reputation for predictability is eroding, potentially risking its status as the premier place for US businesses to incorporate....
...A Cleveland-Cliffs/US Steel combination would have created a US national champion....
...Which brings us, neatly, to the question of what if anything Berkshire — whether under Buffett or its next generation of leaders — can do to present a distinctive value proposition to investors in the future...
...— The extinction of American nuns (Baffler) — Morningstar looks back at 40 years of US mutual funds (Morningstar) — Exploring the mysterious alphabet of sperm whales (MIT News) — Stupidity is our destiny...
...Given its £971mn market value, it is not clear what US index it would get into....
...US airlines generated $6.8bn from them in 2022, the latest data available, according to the Bureau of Transportation Statistics. That is more than double from a decade earlier....
...The law, signed by President Joe Biden, has aggravated US-China tensions, and the lawsuit is the first step in a legal battle that is likely to decide TikTok’s fate in the US and could make its way to the...
...“Some companies probably thought that shock was going to be permanent,” said Steven Blitz, chief US economist at TS Lombard. “Now they’re getting a painful bounceback from that.”...
...It is the US that is becoming more dogmatic while China is becoming more pragmatic....
...Wi said the picture in South Korea was complicated by the fact that in many online sectors, the most dominant players were not the US big tech groups but local platforms including Naver, Kakao and the US-domiciled...
...The outlook for Chinese automakers in Europe and the US is highly uncertain....
...However Jen Wong, Reddit’s chief operating officer, cautioned on the call that the company had less “visibility” into how the second half of the year would pan out, noting that the US election in November...
...Another option: jump on the demerger bandwagon and spin off US yoghurt as a separate publicly listed company....
...Credit card delinquencies are rising in the US. There is a proposed cap on how much card issuers can charge for late payments....
...If you back out the new IRA US tax credits (which Tesla doesn’t seem to disclose) then automotive gross margin looks to have fallen even further, to around 14.1 per cent....
...Credit card processing fees tend to be higher in the US than in the EU, where they are capped....
People in the US are being squeezed to such an extent that they are spending less altogether
...Many of us have become used to the coldbloodedness and impulsivity of the Musk school of management....
...Further growth is expected: US adjusted earnings are forecast to more than triple to about $710mn in 2024 on revenues of $5.8bn to $6.2bn, up from $4.4bn in the US last year....
...In the US, merchants paid a record $172bn in processing fees to accept $11.2tn in card payments last year, according to the Nilson Report....
...The last threat strikes us as the least important, based on the history of legal challenges against US tech giants....
New hardware signals iPhone maker’s growing focus on running artificial intelligence features on mobile devices
At-home exercise equipment seems to have been just a Covid lockdown fad, and cars a necessity
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