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Rising tariffs continue to affect US manufacturing, retail, and tech sectors. Companies face higher costs, supply chain disruptions, and delays. Despite trade negotiations, uncertainty persists, influencing holiday sales forecasts and prompting firms to adopt AI tools to mitigate costs. The US trade landscape remains volatile as tariffs evolve.
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China will require export licenses for electric vehicles starting January 1, aiming to regulate the sector amid record domestic sales and global trade tensions. The move seeks to address oversupply and price wars among EV makers, with China remaining the world's largest EV exporter and domestic market leader BYD facing criticism for aggressive pricing strategies.
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US markets declined Wednesday amid fears of a prolonged government shutdown, with private jobs falling and safe-haven assets like gold reaching new highs. Historically, markets have shown resilience during shutdowns, but current political tensions and economic uncertainty are heightening investor anxiety.
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Recent rankings highlight America's safest and wealthiest retirement towns, including Fort Lee, NJ, and Oro Valley, AZ. These towns score high on safety, livability, and access to amenities, making them attractive options for retirees seeking security and comfort.
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Major US automakers, including GM and Rivian, are adjusting their electric vehicle strategies following policy shifts and declining demand. GM announced a $1.6 billion charge due to lower EV sales, while Rivian forecasts fewer deliveries this year. Industry slowdown is linked to policy changes and market conditions.
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Global markets showed mixed reactions after US President Trump’s conciliatory comments on China, following a weekend of heightened trade tensions. US stocks recovered from Friday’s sharp losses, gold hit new highs, and European markets edged higher amid ongoing geopolitical uncertainty and economic data delays.
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YouTube TV subscribers are facing a blackout of Disney channels, including ESPN and ABC, after failed negotiations. Disney accuses Google of market dominance tactics, while Google offers a $20 credit to affected customers. The dispute impacts over 10 million viewers during a key sports weekend, with no resolution yet.
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Elon Musk's AI startup, xAI, is reportedly valued at $230 billion following a new funding round, nearly doubling its previous valuation. The company is investing heavily in AI infrastructure, including supercomputers, amid ongoing debates over environmental impact, AI safety, and social influence. Musk's broader business ventures remain intertwined with xAI's growth.