China AI Stocks Frenzy Loses Steam as Earnings Doubts Creep In
The rapid-fire gains in China’s artificial intelligence stocks are starting to show signs of wear, prompting some to ask: did the market get ahead of itself?
Bloomberg Business
Airman Charged Over Leak as Biden Clamps Down on Secrets
The US charged an Air National Guardsman over a massive disclosure of intelligence secrets, an embarrassment that prompted President Joe Biden to clamp down on the spread of classified material and led investigators to probe whether foreign adversaries played any role in the leak.
Amazon Vow to Stop Seller Squeeze Was Fake, California Says
Amazon.com Inc. continued blocking sellers from offering lower prices on rival sites, despite assuring antitrust enforcers it ended its policy that artificially inflated prices for consumers, according to newly unsealed filings in California’s antitrust lawsuit against the e-commerce giant.
Pence Jeered at NRA Gathering in His Home State of Indiana
Mike Pence was greeted with boos in his home state of Indiana, as the former vice president, former governor and potential 2024 Republican candidate delivered remarks at the National Rifle Association’s annual conference, hours before his ex-boss and possible rival Donald Trump spoke.
Australia Charges Citizen for Selling Secrets to Foreign Spies
An Australian man has been charged with selling information about the country’s defense and national security arrangements as well as those of other countries to two foreign spies.
Here Are the Candidates to Watch in Thailand’s Election
The race to be Thailand’s next prime minister is a crowded field with dozens of people vying for the post, but the battle is expected to be mainly between the incumbent Prayuth Chan-Ocha and Paetongtarn Shinawatra, a young politician from the storied Shinawatra clan.
This Week in China: Stimulus Optimism Is Fueling Market Leverage
China’s equity and bond investors are keeping their fingers crossed that Beijing maintains its efforts to bolster the economy.
Musk Incorporates X.AI, Suggesting Plans for OpenAI Rival
Elon Musk has incorporated an entity called X.AI in the state of Nevada, potentially laying the groundwork for a startup that could pursue his artificial intelligence ambitions.
Biden Says He’s Planning Re-Elect Bid As Ireland Tour Concludes
US President Joe Biden concluded his tour through his ancestral home country of Ireland by declaring his intention to seek re-election, capping a journey of intense personal nostalgia with a look toward the next chapter of his political life.
FedEx Pilots Ratchet Up Labor Talks With Vote on Possible Strike
FedEx Corp.’s unionized pilots will begin voting next week whether to authorize a strike, ratcheting up pressure in contract negotiations that have dragged on longer than expected.
