Economy
US Trade Deficit Widens Sharply in May on Record Imports
The US trade deficit jumped 42.2% to $77.6 billion in May as goods imports hit a record $317 billion, driven by AI semiconductors and crude oil.
—5 min read
Tag
#Ai Boom
5 articles
Economy
China's Industrial Profits Surge 18.8% on AI Boom
China's industrial profits rose 18.8% in Jan-May 2026, driven by a 103.9% surge in electronics as AI chip demand soared, while downstream sectors lag.
—4 min read
BusinessTech
Musk Loses Trillionaire Status; Apple Hikes Mac, iPad Prices
Elon Musk's fortune drops below $1T amid tech sell-off, Apple hikes Mac and iPad prices, and Newsom pushes a national billionaires tax.
—5 min read
TechnologyBusiness
Apple Raises Prices on Macs and iPads Amid AI Memory Crisis
Apple hikes Mac, iPad, and accessory prices as AI boom drives memory chip costs up 200-400%. iPhone spared for now, but analysts expect fall increases.
—6 min read
EconomyTrade
China Exports Surge 19% as $9B Stimulus Targets Consumption
China's May exports surged 19% on AI-chip demand while retail sales shrank, prompting a fresh $9.2 billion consumer stimulus package.
—5 min read