China

International Economics

US Trade War Saps China’s Economic Momentum

Photo by Getty Images via Unsplash

While a trade war bruised the US economy, China isn’t immune to the pain, and its leaders are growing more receptive to negotiation.

2 min read

Photo by Edward He via Unsplash

Banking

Jamie Dimon Seems Unfazed About JPMorgan’s Tepid China Business

Despite some business “falling off a cliff” the CEO said other operations “should hopefully grow over time.”

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo via Lilium Media

Industries

The Future is Almost Now for Flying Cars and eVTOLs

Hundreds of aviation startups are funneling billions of dollars toward what they hope will be a new form of low-emission air travel.

6 min read
Photo by Lintao Zhang via CC BY-SA 2.0

Artificial Intelligence

The Next Big US-China Trade War is Over AI Talent

The US is trying to box China out of AI development. The problem is the Asian nation is also the source of invaluable AI talent.

2 min read

Consumer

Economic Anxiety Leaves McDonald’s Digesting Biggest Sales Drop in Five Years

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Fast-food chain McDonald’s, an economic indicator because of its mammoth global presence, posted its worst earnings report since 2020.

2 min read

Photo by Kentaro IEMOTO via CC BY-SA 2.0

Electric Vehicles

Baidu’s Robotaxi Nears Profitability, While US Peers Are Stuck in Neutral

The company started operating some fully driverless robotaxi rides in September 2023, and said 45% of Q4 orders were fully driverless models.

2 min read
Photo illustration by Connor Lin / The Daily Upside

Consumer

Temu Gets Spooked by Possible TikTok Ban

The-commerce app, which has spent a fortune marketing itself in America, is reportedly starting to hedge its reliance on the US market.

2 min read
Photo by Michael Förtsch via Unsplash

Electric Vehicles

Biden Reportedly Planning a 100% Tariff on Chinese EVs

But the ramped-up protectionist wave hasn’t extended to investor interest in new shares of Chinese companies.

2 min read

Consumer

Starbucks Slings High-Speed Drinks in Caffeinated Comeback Plan

Photo by Hamza Inayat via Unsplash

Reducing beverage-wait times is part of Starbucks CEO Brian Niccol’s turnaround plan, which includes tech updates focused on efficiency.

2 min read

Photo via Connor Lin / The Daily Upside

Geopolitics

US Mulls Export Bans on AI Software to China

The US worries that models like ChatGPT could allow China to launch cyberattacks or even design biological weapons.

2 min read
Image Credit: Getty Images, awdebenharn.

Banking

Chinese Regulators See Regional Banks Headed for SVB-Style Chaos

Authorities are concerned about regional banks piling too heavily into longer-yielding government bonds in recent months.

2 min read
Photo by Do Nhu via Unsplash

Consumer

Gucci’s China Problem Is Testing Investors’ Patience

The company says a turnaround will take time as the market for luxury goods cools and China muddles through economic doldrums.

1 min read

International Economics

Retailers Prep for Supply Chain Breakdown

Photo by Mick Haupt via Unsplash

To prepare for a slowdown of global trade, US retailers spent months building a massive inventory to prevent empty shelves.

2 min read

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