Business News

China's automotive industry has revolutionized over the past decade, from producing basic western clones to making cars that equal the world's best. As the manufacturing powerhouse of the world, China is also producing them in huge volumes.

Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.

During his time at the helm of the world's biggest cryptocurrency firm, former Binance boss Changpeng Zhao, who was sentenced to four months' prison in the United States on Tuesday for money laundering, perfected the humble executive look.

Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the US-sanctioned firm continues a rebound and bit into competitor Apple's sales in China.

Electric bicycle rebates have exploded in popularity in North America as transportation planners try to get people out of their cars and into healthier, more climate-friendly alternatives. However, there is limited understanding of the full impacts of these incentives.

The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed.

Even a streaming device can be a Frisbee if you believe.

Turns out healthcare wasn’t a “sustainable business model.”

Changpeng Zhao pleaded guilty to money laundering; prosecutors have asked for three years in prison.

Microsoft will invest $1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia—the single largest investment in Microsoft's 29-year history in the country—Microsoft CEO Satya Nadella said Tuesday.

Samsung Electronics said Tuesday that its first-quarter operating profits had risen nearly tenfold year-on-year amid recovering chip prices and growing demand, notably for generative AI.

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As of Wednesday, 1,369 listed Chinese companies had disclosed their first-quarter results, with 1,144 reporting profits and 35 reporting net profits exceeding 1 billion yuan ($138 million). Technology-related companies demonstrated impressive financial results as China's economy steadily recovers and undergoes a deep transformation toward high-quality development.

As an important engine for developing new quality productive forces, artificial intelligence (AI) is one of China's strategic emerging industries, making rapid progress in both development and application, constantly achieving breakthroughs. This is largely due to China's unique comprehensive advantages in AI development.

The CEO of the nation's largest online dating company responded to questions stemming from a yearlong CBS News investigation​ into the growing threat of romance scammers.

Regulators have closed Republic First Bank's 32 branches in Pennsylvania, New Jersey and New York and they will be taken over by Fulton Bank.

The Financial Times on Monday entered into a partnership deal with ChatGPT creator OpenAI that will integrate the news outlet's journalism into its chatbot.

Shares of Tesla stock rallied Monday after the electric vehicle maker's CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval for its driving software.

The US Supreme Court on Monday declined to hear an appeal by Elon Musk of a settlement that requires the billionaire to have some of his social media posts about Tesla pre-approved by a company lawyer.

Two fatal crashes involving Ford's Blue Cruise partially automated driving system have drawn the attention of U.S. auto safety regulators.