Trump says India has ‘largely stopped’ buying Russian oil, hints at visiting the country next year
India currently faces 50% tariffs on it exports, higher than the 47% duties on China.
Elon Musk says Tesla needs to build ‘gigantic chip fab’ to meet AI and robotics needs
Tesla CEO Elon Musk he needs a “gigantic” semiconductor fabrication plant to meet the company’s chip needs as it expands its AI and robotics ventures.
China’s exports unexpectedly contract in October — dropping for the first time since March 2024
The two countries agreed to roll back a range of punitive measures, including steep tariffs, export controls for critical minerals and advanced technology.
CNBC’s Inside India newsletter: India’s ‘back offices’ are evolving into leadership hubs for global companies
GCCs are looking to hire leadership roles in India as firms move critical R&D and IP to these centers.
Doordash has biggest one-day drop ever as stock falls 17% on spending concerns
Doordash has already shelled out billions this year to buy restaurant booking platform SevenRooms and British delivery platform Deliveroo.
Asia-Pacific markets open lower, tracking Wall Street losses, as AI stocks resume slump
Investors in Asia will look to trade data coming out of China later in the day.
Airbnb shares rise on revenue beat, stronger-than-expected forecast
Shares of Airbnb rose in extended trading after the company reporter third-quarter results that beat revenue expectations.
SoftBank shares slide over 8% amid renewed pressure on AI-linked stocks
Shares of Japan’s SoftBank Group plunged, following a broader slump in AI-related stocks as investors once again grew wary of the sector’s lofty valuations.
China’s key weapons in its AI battle with the U.S. — massive Huawei chip clusters and cheap energy
China’s strategy for competing with the U.S. on AI revolves around huge clusters of Huawei chips and cheap energy.
The stocks set to win from soaring AI spend, according to analysts
While Big Tech deals draw eyeballs, opportunities lie in those flying under the radar but supporting the AI supply chain.