Investing.com-- Shein and Temu hiked prices for U.S. customers sharply last week, as they prepared for a May 2 deadline where President Donald Trump’s full tariffs on China, including the removal of a key exemption, will take effect. The e-commerce platforms were seen raising prices by 91% to nearly 400%, reports from Bloomberg and CNN showed over the weekend, after having initially warned ...
Investing.com-- Huawei Technologies is preparing to test its most advanced artificial intelligence processor yet, in a move that could help the Chinese tech giant replace some of Nvidia’s (NASDAQ:NVDA) higher-end products, the Wall Street Journal reported on Sunday, citing people familiar with the matter.The new chip, known as the Ascend 910D, is expected to arrive in sample batches by late May, ...
(This April 26 story has been refiled to remove an extraneous word in paragraph 2)CHIBA, Japan (Reuters) - Nintendo fans were given a chance to try out the company’s new Switch 2 gaming device at an event near Tokyo on Saturday, ahead of a release that some worry could be overshadowed by tariffs driving up prices."Since Mr. Trump became president tariffs have gone up so I am concerned about a pr ...
By Dhara Ranasinghe and Wayne ColeLONDON (Reuters) - Global equity markets held at their best levels in over three weeks on Monday, reflecting some hopes that the worst of tariff pain is over, but confusion over U.S. trade policy lingered and trapped the dollar. European shares opened higher, U.S. stock futures were mixed and Asia made fractional gains at the start of an earnings-heavy week that a ...