Elon Musk was half-right in his comment last week about SoftBank back-pedaling on a gas-turbine order

More in Business

• Nvidia’s CEO probe and Singapore ties: Will future chip orders suffer?

  Internal scrutiny within the tech giant comes amid broader American efforts to prevent high-end artificial intelligence hardware from reaching China through third-party intermediaries. The investigation into suspected foreign espionage could complicate regional commercial relationships, potentially interrupting future hardware orders, local research initiatives, and scheduled product rollouts across key markets.

  7 min read
• Pixelworks stock surges on multi-year Meta VR technology deal

  Investors responded positively after the display processing firm secured a long-term commercial alliance with the social media conglomerate. Under the new agreement, Pixelworks will provide its specialized systems to support Meta's ongoing virtual reality development efforts. The collaboration marks a significant strategic milestone for the component maker as it expands its footprint in the immersive hardware sector.

  1 min read
• The average cost for a new vehicle in the U.S. hits a record high: over $51,000

  Sustained supply chain bottlenecks, tariffs, and growing consumer demand for premium trims continue to pressure buyers nationwide. Compounding these record sticker prices, strict Federal Reserve monetary policy has driven borrowing costs sharply higher across both new and pre-owned sectors. The resulting affordability squeeze falls hardest on entry-level consumers who lack existing vehicle equity to offset their financing.

  6 min read