Shares of Chinese electric vehicle giant BYD hit a record high on Tuesday after the automaker announced the rollout of its advanced driver-assistance system, DiPilot, across its lineup-including on a model priced below $10,000. The system will integrate artificial intelligence from DeepSeek, a rising AI startup that has drawn comparisons to OpenAI.
Taiwan Semiconductor Manufacturing Co. (TSMC) has officially commenced construction of its first European plant in Dresden, Germany. The €10 billion ($11 billion) project marks a pivotal moment for the continent.
A man was arrested outside Donald Trump's rally in California's Coachella Valley on October 12, prompting local law enforcement to describe the incident as a thwarted assassination attempt. Vem Miller, a 49-year-old from Las Vegas, was found in possession of a shotgun, a loaded handgun, and a high-capacity magazine, according to Riverside County Sheriff Chad Bianco, who spoke during a press conference the following day.
The United States will deploy its advanced Terminal High-Altitude Area Defense (THAAD) anti-missile system to Israel along with approximately 100 U.S. troops to operate it, in response to increasing tensions in the region, particularly following recent Iranian missile attacks on Israel. This decision was announced by the Pentagon on Sunday, marking a significant move in bolstering Israel's air defenses amidst growing concerns about a potential military confrontation with Iran.
Daron Acemoglu, Simon Johnson, and James Robinson were awarded the 2024 Nobel Prize in Economic Sciences for their groundbreaking research on the roots of global inequality, shedding light on why some nations are rich while others remain poor.
China's export growth slowed sharply in September, raising new concerns about the outlook for the world's second-largest economy. According to data released by the Chinese customs office on Monday, exports rose just 2.4% year-on-year in U.S. dollar terms, a significant decline from the 8.7% increase reported in August. Imports grew by a mere 0.3%, reflecting weak domestic demand and adding to fears of a broader economic slowdown.
Boeing is facing a critical moment as it navigates multiple challenges, including a month-long machinists strike, significant job cuts, and delays in the production of its 777X jet. The aerospace giant announced plans to cut 17,000 jobs, representing 10% of its global workforce, and reported a $5 billion charge for the third quarter, as delays and disruptions continue to impact the company's bottom line.
Apple is reportedly gearing up to refresh its Mac lineup with the much-anticipated launch of M4-powered devices, according to industry insiders. Speculation suggests that Apple is planning a Mac-focused event later this month, with a possible announcement set for October 31, the same day as its quarterly earnings report. The company is expected to unveil the new M4-based MacBook Pro models, a redesigned Mac mini, and an updated iMac, aiming to introduce these products just in time for the holiday shopping season.
U.S. gymnast Jordan Chiles has been ordered to return the bronze medal she won at the Paris Olympics after the Court of Arbitration for Sport (CAS) rejected an appeal by USA Gymnastics. The ruling, which has sent shockwaves through the gymnastics community, comes despite what U.S. officials describe as "conclusive" new evidence supporting Chiles' rightful claim to the medal.
In one of the largest food recalls of the year, nearly 10 million pounds of ready-to-eat (RTE) meat and poultry products have been pulled from shelves and school cafeterias across the country due to potential contamination with Listeria monocytogenes. The recall, announced by the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS), involves products from BrucePac, a Woodburn, Oregon-based food processing company.
Beijing, alongside other major Chinese cities, has moved to ease home purchase restrictions in a bid to stimulate demand in the struggling property market. On Monday, Beijing announced new measures aimed at reducing the financial barriers for homebuyers, following similar moves by Shanghai and Shenzhen.
Tesla CEO Elon Musk unveiled the highly anticipated Cybercab robotaxi at the "We, Robot" event in Los Angeles on Thursday night, marking a significant step in the company's autonomous vehicle strategy. Amid a spectacle that featured Tesla's humanoid robots serving drinks and dancing for the crowd, Musk also surprised attendees with the introduction of a larger autonomous vehicle, the Robovan, designed to transport up to 20 passengers or large amounts of cargo.