A worker works on the semiconductor wafer production line at a Cuoda Group factory of Jiangsu Azure Corporation. China has increased investment in its chip industry to become self-sufficient in critical technology needed for electric vehicles, smartphones and more. vcg | Visual China Group | Getty Images Tensions between the US and China have pushed…

A man walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | Corbis News | Getty Images Peloton has six months to show its recent series of strategy changes, including equipment rentals and partnerships with Amazon and Hilton, can help the company grow, CEO Barry McCarthy…

The stream has ended. President Joe Biden traveled to Fort Myers, Florida on Wednesday to address the aftermath of Hurricane Ian. Before the speech, Biden surveyed the storm-devastated areas, received briefings from local officials, and met with local residents and small business owners affected by the hurricane. Hurricane Ian made landfall in Florida a week…

Displaced people in flood waters after heavy monsoon rains in the city of Usta Mohammad in Jaffarabad district of Balochistan province September 18, 2022. 33 million people have been affected by the floods in Pakistan, which began with the arrival of the monsoons in late June. Fida Hussein | AFP | Getty Images After the…

The cost of shipping air freight globally is falling, but some companies say the global shift to air freight around the world will keep the market attractive for years to come. “I don’t think it’s going to give any share back to other modes of transportation,” Boeing CEO Dave Calhoun told reporters at an industry…

US President Joe Biden delivers remarks on economic growth, employment and deficit reduction in the Roosevelt Room of the White House on May 4, 2022 in Washington, United States. Evelyn Hockstein Reuters Fewer small business owners than a year ago are endorsing the work Joe Biden is doing as president. According to the most recent…

Toyota CEO Akio Toyoda speaks during a small media session September 29, 2022 in Las Vegas. Toyota LAS VEGAS — Akio Toyoda, CEO of Toyota Motor, last week simply said what he wants as his legacy: “I love cars.” How the 66-year-old racer, car enthusiast and corporate scion will be remembered for his approach to…

Like many coastal communities around the world, people living by the sea in the UK have been harvesting and consuming seaweed for centuries. In Wales, Welsh laverbread – made by cooking a type of seaweed called laver – is a culinary delicacy so revered that it enjoys Protected Designation of Origin status. Seaweed’s uses don’t…

The monkeypox virus is unlikely to be eliminated from the United States anytime soon, according to a report released this week by the Centers for Disease Control and Prevention. The CDC said in a technical letter that the outbreak is slowing as vaccine availability has increased, people have become more aware of how to avoid…

Check out the companies making headlines before the bell: Nike (NKE) – Nike slumped 10% in the premarket market after it reported a 44% rise in inventories for the most recent quarter and said it would offer more discounts around the holiday season. The athletic footwear and apparel maker reported better-than-expected earnings and sales for…