China’s Factory Activity Growth Slowed, Private Survey Shows

China’s manufacturing activity expanded less than forecast in October, a private survey showed, adding to worrying signs about the economy’s momentum as the year winds down. The RatingDog China General Manufacturing Purchasing Managers’ Index slipped to 50.6 from 51.2...

Alphabet, Amazon Stakes in Anthropic Boost Profit by Billions

Alphabet Inc. and Amazon.com Inc. were rewarded by investors for reporting better-than-expected third-quarter profits. At both companies, earnings were boosted by the increased value of their stakes in Anthropic PBC, maker of the popular Claude chatbot....

Meta’s 2026 Plan to Spend Even More on AI Shakes Investors

Mark Zuckerberg warned that Meta Platforms Inc. will need to spend even more aggressively on artificial intelligence in the year ahead, reigniting concerns from investors who sent its shares plunging on concerns that the massive investments won’t pay off. In...

China AI Push Threatens US Rally, Australian Pension Fund Warns

Cheaper artificial intelligence tools from China threaten to trigger a sudden sell-off in US tech giants betting on generative AI, according to the investment chief at one of Australia’s largest pension funds. DeepSeek’s development has shown Chinese companies can...

Amazon to Cut 14,000 Jobs as Jassy Looks to Ease Bureaucracy

Amazon.com Inc. plans to eliminate roughly 14,000 corporate jobs just months after Chief Executive Officer Andy Jassy warned that AI will shrink the company’s workforce. The downsizing marks Amazon’s second round of reductions in recent years. Besides his ongoing war...