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Share link:In this post: Temu restarts direct China-to-US shipping after tariff truce eases pressure on low-cost imports. Company boosts U.S. ad spending and builds in-house logistics to reduce customs risks. U.S. sales are recovering slowly with mixed supplier results despite resumed shipping.
Share link:In this post: Nikkei and Asahi Shimbum allege that Perplexity used their content without permission. They join other news publishers suing the AI firm for copyright infringement. The Japanese media groups want $14 million each from Perplexity in damages.
Share link:In this post: Apple’s stock jumped 9.4% in August after Tim Cook pledged $100 billion to US manufacturing. Trump’s $800 million tariff hit triggered the earlier selloff, but tensions have eased. New AI plans and strong iPhone sales in China helped boost investor confidence.
Share link:In this post: Nvidia faces uncertainty in China after a US deal requiring 15% revenue sharing and Beijing’s pushback on chip imports. Analysts expect Nvidia to guide $52.96 billion in Q3 revenue, with up to $6 billion from China despite pressure on margins. Options traders anticipate a $260 billion market swing after earnings, with shares already up 34% in 2025.
Trump’s bid to fire Lisa Cook could hand him control of the Fed, opening the door to rate cuts and crypto gains while risking market turmoil.
- 16:06Mining company MARA deposited 275 BTC to FalconX two hours ago.According to a report by Jinse Finance, on-chain analytics platform Lookonchain has monitored that bitcoin mining company MARA deposited 275 BTC (worth $25.31 million) to FalconX two hours ago.
- 16:06If SpaceX goes public next year at a $1.5 trillion valuation, Elon Musk is expected to become the world’s first “trillionaire.”According to Jinse Finance, based on calculations by the Bloomberg Billionaires Index, if Elon Musk's space company SpaceX successfully goes public next year with a valuation of $1.5 trillion, his personal net worth will soar from the current $460.6 billion to about $952 billion, putting him just one step away from becoming the world's first "trillionaire." Currently, Musk holds about 42% of SpaceX's shares. Based on a pre-IPO valuation of $1.5 trillion, the value of his stake in the company alone would rise to over $625 billion, far exceeding the current approximately $136 billion. This does not include his multi-billion dollar holdings in several other companies, including Tesla, the world's most valuable automaker by market capitalization.
- 16:05AI platform Surf, built for the cryptocurrency sector, completes $15 million funding roundJinse Finance reported that Surf, a specialized AI platform built for the cryptocurrency sector, announced the completion of a $15 million funding round. The round was led by Pantera Capital, with participation from an exchange and Digital Currency Group.