Move over, Murdochs - a new family dynasty is shaking up US media

New research from Bloomberg Economics reveals that Chinese companies are facing even lower profit margins compared to their US counterparts, putting them at greater risk as President Donald Trump's tariffs continue to dampen demand. This situation is significant as it highlights the ongoing economic challenges for Chinese exporters, who may struggle to maintain profitability in a competitive global market.

Larry Ellison, co-founder of Oracle, previously stated that constant recording would encourage citizens to behave better. His company is now set to play a significant role in the evolution of social media, which raises questions about privacy and accountability in our digital interactions. This development is important as it highlights the intersection of technology and social behavior, potentially influencing how we communicate and engage with one another online.

In a surprising turn of events, President Donald Trump is set to meet with top congressional leaders, including Hakeem Jeffries and Chuck Schumer, in an effort to prevent a government shutdown. This meeting comes just days after he canceled a previous discussion on the matter. The outcome of this gathering is crucial as it could determine the government's ability to continue functioning and avoid disruptions that would affect millions of Americans.

The EU steel industry is facing heightened concerns as the US considers expanding its tariffs to include 'derivative' products like windows and doors that contain metal. This move follows the already significant impact of Donald Trump's 50% tariffs on steel imports, which have left the industry struggling. The potential for additional tariffs could further harm European manufacturers, leading to increased costs and reduced competitiveness in the global market.

Recent alternative data from sources like Truflation and Zillow suggests that inflation may not be as straightforward as official government statistics indicate. Donald Trump has raised concerns about the accuracy of these figures, prompting a closer examination of the economic landscape. This matters because understanding inflation is crucial for economic policy and personal finance, especially as it affects everything from consumer prices to interest rates.

Donald Trump has expressed strong support for Argentina's President Javier Milei and his radical economic policies aimed at combating inflation. During a recent meeting in New York, Trump praised Milei's efforts, stating that he inherited a challenging situation and is doing a fantastic job. While Milei's approach has garnered backing from the U.S. and the IMF, it appears that many ordinary Argentinians are not as convinced. This situation highlights the complexities of economic reform and the varying perceptions of leadership effectiveness.

Brussels is under pressure to demonstrate that its digital regulations do not unfairly target US tech companies. Donald Trump's ambassador to the EU has emphasized that no US president can tolerate what he describes as infringements on American businesses. This situation is significant as it highlights ongoing tensions between the EU and the US over digital policies, which could impact international trade and the future of technology regulation.

Australian Prime Minister Anthony Albanese is highlighting the country's robust critical minerals reserve as he prepares for his first official meeting with US President Donald Trump. This is significant as nations worldwide are looking to diversify their supply chains away from China, and Australia’s resources could play a crucial role in this shift.

A prominent Wall Street billionaire has issued a one-word warning regarding artificial intelligence, highlighting the massive investments that hyperscalers are making in this technology. This development is significant as it underscores the growing importance and potential risks associated with AI, prompting discussions about its future impact on various sectors.

President Donald Trump has ordered a significant military presence in Portland, authorizing the use of 'full force' to address what he describes as organized political violence against ICE agents. This move raises concerns about the escalation of tensions in the city and the implications for civil liberties, as many fear that such actions could lead to further unrest and division in an already polarized environment.

Mexico's nearshoring boom is facing significant trade risks as US companies shift production from China to Mexico. While this move was initially seen as a positive trend for North American manufacturing, recent tariffs imposed by President Donald Trump are complicating matters. These tariffs are particularly affecting Canadian auto parts suppliers, highlighting the fragility of the new supply chain dynamics. This situation is crucial as it could reshape the future of manufacturing in North America and impact economic relationships across the region.

In a troubling development, Donald Trump has intensified his attacks on George Soros, reflecting a broader strategy to undermine civil society and judicial independence. This move is concerning as it suggests a shift towards autocratic behavior, where personal vendettas take precedence over justice and facts. The implications of this could be significant, as it may encourage a culture where prosecutors act on political motives rather than legal principles, threatening the integrity of the justice system.

GSK has made headlines with the unexpected appointment of a new CEO following the departure of Dame Emma Walmsley. This change comes at a time when AstraZeneca is also making waves by announcing its listing on the New York stock market. These developments are significant as they reflect the ongoing shifts in the pharmaceutical industry, which could impact investors and the market landscape.

JMP has reaffirmed its Market Outperform rating for Axon Enterprise, setting a price target of $825 for the stock. This endorsement highlights the firm's confidence in Axon's growth potential and market position, which is significant for investors looking for promising opportunities in the tech sector.

Chancellor Reeves is set to make a significant commitment at the Labour conference, promising to eliminate long-term youth unemployment by guaranteeing paid work for young people who have been unemployed for 18 months. This initiative is crucial as it addresses the pressing issue of youth unemployment, providing hope and opportunities for young individuals to gain valuable work experience and financial independence.

UK Chancellor Rachel Reeves recently addressed the topic of wealth taxation during the Labour Party's annual conference in Liverpool. She emphasized that the UK already has mechanisms in place, such as capital gains and inheritance taxes, to tax wealth, suggesting that a standalone wealth tax is unnecessary. This discussion is significant as it reflects the government's approach to taxation and welfare policies, particularly in the context of economic discipline and support for working families.

Freedom Capital Markets has downgraded its stock rating for Electronic Arts to 'Hold', indicating a cautious outlook on the company's future performance. This decision reflects concerns about the gaming industry's current trends and EA's ability to adapt. Investors should pay attention to this change as it may influence market perceptions and the stock's performance in the coming months.

Notting Hill Genesis has reported a significant deficit of £129.5 million, primarily due to property revaluations. This financial setback highlights the challenges facing housing associations in the current market, raising concerns about their ability to maintain affordable housing and meet community needs. The implications of such a deficit could affect future investments and services, making it a critical issue for stakeholders and residents alike.