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Robots manufacture car parts at a factory in Ningde, China, on October 17, 2024.Null Photo | Null Photo | Getty ImagesChina’s factory activity growth in October was lower than market expectations, dragged down by a sharp decline in new export orders as trade tensions with the United States escalated during the month, according to a private survey released on Monday.S&P Global’s China Comprehensive Manufacturing PMI for October was 50.6, down from September’s six-month high of 51.2 and below the 50.9 expected by analysts polled by Reuters.New export orders fell at the fastest pace since May, which survey respondents attributed to…
Chinese tech company Baidu announced on Monday that it can sell some robotaxis without human staff in the vehicles.BaiduBeijing — as Baidu The company is ramping up its robotaxi business around the world, with more than 250,000 weekly orders for completely driverless rides as of October 31, according to a spokesperson for the company’s self-driving car division, Apollo Go.This is on par with the number of weekly paid rides Waymo reported in the U.S. in late April. When contacted by CNBC, Waymo did not have specific new numbers to share. The Alphabet-backed robotaxi operator primarily operates in San Francisco and…
Kevin Rose has an intuitive rule for evaluating investments in AI hardware. “If wearing it makes you want to punch someone in the face, you probably shouldn’t invest in it.” It’s a typically candid assessment from the veteran investor, which comes as he watches the current wave of AI hardware startups repeat the mistakes he’s seen before. Rose, a general partner at True Ventures and an early investor in Peloton, Ring, and Fitbit, has largely avoided the AI hardware gold rush that has swept Silicon Valley. While other venture capitalists are rushing to throw money into developing the next smart…
NVIDIA CEO Jensen Hwang attends a press conference after the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, on October 31, 2025. Kim Soo-hyun | Reuters Trader who sold short S&P500 — essentially betting it would go down — last month we were in for a rude surprise. The composite index ended the month 2.3% higher, defying the term “October Scare,” which was coined by market crashes that occurred during that month in 1929 and 1987.of Nasdaq Composite had an even better month than the S&P 500. The tech-heavy index rose 4.7%, suggesting what helped prevent the…
Millions of Americans are still living in fear of going hungry as SNAP food assistance payments may be delayed, even after a federal judge ordered the Trump administration to pay them in November. It is estimated that nearly $400 billion of food is at risk of being wasted in this country each year.ReFED, a US-based nonprofit focused on food waste, recently released its 2025 report showing that $382 billion in surplus food was produced in 2023, the latest year of statistics available.”40% of all food in the world ends up in the trash,” said Chris MacAulay, director of North American…
U.S. Treasury Secretary Scott Bessent speaks with U.S. Trade Representative Jamison Greer during a press conference on the sidelines of the IMF/World Bank Annual Meeting in Washington, DC, on October 15, 2025. Ken Cedeno | ReutersTreasury Secretary Scott Bessent said Sunday morning that SNAP food benefits could resume as early as Wednesday.Two federal judges in Massachusetts and Rhode Island ruled Friday that the Trump administration must use emergency funds to pay for SNAP benefits that help feed 42 million Americans during the government shutdown. Rhode Island Judge Jack McConnell also directed that these payments be made from emergency funds “as…
A powerful 6.3-magnitude earthquake struck near one of northern Afghanistan’s largest cities, according to the United States Geological Survey (USGS). Preliminary reports said the quake struck early Monday local time at a depth of 28 kilometers (17.4 miles) near Mazar-e-Sharif city and Qurum town. Mazar-e-Sharif, the capital of northern Balkh province, is one of the most populous cities in northern Afghanistan. USGS models estimate that the quake could cause hundreds of deaths. “Several provinces in the country were again shaken by a strong earthquake at around 1 a.m. (3:30 p.m. ET on Sunday),” Afghanistan’s National Disaster Management Authority said in…
Jason Doy | E+ | Getty ImagesA recent NBC News poll found that Americans are increasingly dissatisfied with President Donald Trump’s handling of the economy less than a year after taking office.In a poll of 1,000 voters conducted Oct. 25-28, 63% said Trump has performed worse than expected on the economy. Separately, 65% said President Trump didn’t do enough to care for the middle class, and 66% said the same about his response to inflation and the cost of living.President Trump’s overall approval rating in public opinion polls has fallen 4 points since March to 43%, but 55% disapprove of…
Investing is not just a game of giant Jenga. But the pessimistic hedge funds, or the ones who must have shorts on to justify their high fees, as well as their media acolytes who sound so painfully bearish even if they are just trying to sound like informed skeptics, sure make it seem that way when they fixate on the fate of the stock market and the “Magnificent Seven.” The presumption of the gang tackle of articles about the Seven is simple: The market is too heavily concentrated in these seven stocks: Alphabet , Apple, Amazon , Meta Platforms, Microsoft…
In October 2018, the American Pie star announced he had been sober for a year in a celebration and encouragement. Instagram post. “The first time I tried to get sober was over five years ago, when the weight of my obsession with alcohol and drugs became too much for me to bear,” he wrote. at that time. “In the end, this turned out to be difficult.” He continued, “After a few bouts, I managed to get through a year of sobriety. I’m the proudest of my life. If you’re struggling, I want you to know that there is help. There’s…