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U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

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FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

3

Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google

1

U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

2

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

3

Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google
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Businesses are experimenting with cheaper Chinese AI models as U.S. rivals get more expensive
Businesses are experimenting with cheaper Chinese AI models as U.S. rivals get more expensive

Lower costs and open-source availability are prompting some companies to experiment with Chinese AI models, even as security concerns remain.

By Tatiana SatauaJuly 17, 2026
Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album
Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album
By Nicholas GordonJuly 17, 2026
xi
Xi offers AI olive branch to the world, calling for ‘symphony of global cooperation’
By Han Guan Ng, Chan Ho-Him and The Associated PressJuly 17, 2026
Moonshot’s Kimi K3 pushes Chinese AI into Fable-level territory
Moonshot’s Kimi K3 pushes Chinese AI into Fable-level territory
By Nicholas GordonJuly 16, 2026
tesla
Runaway Tesla that crashed into a grandmother’s living room was actually being steered by a human, investigators find
By Bernard Condon and The Associated PressJuly 16, 2026
Donald Trump looks at Xi Jinping and puts a hand on his arm.
Trump has tried to decouple from China, but ending U.S. reliance on the country would cost America nearly $14 trillion, EY warns
By Sasha RogelbergJuly 16, 2026
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Jensen Huang’s signature black leather jacket just sold at Sotheby’s for nearly $1 million—and the money is going to young tech builders
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China’s real estate workers are taking 90% pay cuts and skipping social events to survive the property slump
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France admits it’s lost control of parts of New Caledonia, the world’s third-largest producer of critical EV metal nickel
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Japan may have escaped deflation only to risk stagflation instead, as the country’s economy slumps for 3 straight quarters
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BYD has been frozen out of the U.S. market so it’s debuting its first hybrid pickup truck in Mexico 
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A customer shops for cooking oil at a market in Shenyang, China.
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A group representing Cargill and Archer-Daniels-Midland pushes a surprising target for the next set of U.S. tariff hikes: used cooking oil from China
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Smartphone giant Xiaomi is making a new move on Tesla as it aims to begin selling an SUV like the Model Y as early as 2025
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Beijing narrowly escapes having to cover the debts of developer Country Garden as it scrounges up a $9 million interest payment
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BYD’s small, inexpensive Seagull EV poses major threat to U.S. auto industry: ‘Any car company that’s not paying attention…is going to be lost’
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China is still waiting for its ‘ChatGPT moment’, says AI expert Kai-Fu Lee: ‘For Americans, the moment happened 17 months ago’
Tech
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Baidu exec who started furor over 24/7 work culture with videos making light of staff wellbeing and warning subordinates to toe the line has resigned
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By Zheping Huang and BloombergMay 10, 2024
SoftBank has sold off or written down $29 billion in U.S. Vision Fund assets as Masayoshi Son tries to get his mojo back by turning to AI and chips
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Biden administration expected to impose sweeping tariffs on China strategic sectors including EVs, batteries and solar cells
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Alibaba’s home city says it will no longer check if homebuyers are qualified as China tries to revive its dreary real estate market
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South Korea’s president is establishing a new ministry to boost the country’s birth rate, the world’s lowest, after a bruising election loss
Leadership
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By Soo-Hyang Choi, Shinhye Kang, Seyoon Kim and BloombergMay 9, 2024
Huawei’s licenses to buy chips from Qualcomm and Intel revoked as U.S. further tightens export restrictions
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Tesla sends its former Asia head back to China as sales of its Shanghai-made EVs plunged 18% in April
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Apple reports a surprise jump in iPhone sales in competitive China and analysts don’t know how after months of data showed a major slump
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By Vlad Savov and BloombergMay 3, 2024
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Economy
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran warplaceholder alt text
By Sasha RogelbergJuly 17, 2026
C-Suite
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’placeholder alt text
By Fortune EditorsJuly 15, 2026
Big Tech
Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Googleplaceholder alt text
By Mia OsmonbekovJuly 16, 2026
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