Finance & Business

China’s Official Factory PMI Returns to Expansion at 50.1 in September

The NBS manufacturing PMI rose 0.3 point from 49.8 and matched forecasts. Output jumped to 51.7. New orders …

U.S. and China Publish Lists for $60 Billion in Reciprocal Tariff Cuts

Each side recommended $30 billion of non-sensitive goods for lower duties after last week’s Trump–Xi summit. Household items …

Crusoe Drops $1.25 Billion Boom Turbine Plan for AI Campuses

The launch order for 29 Superpower 42 MW units is off. Boom’s CEO says turbines are no longer …

Bain Capital Ventures Raises $1.6 Billion for Startups Built for Life After AGI

Fund XI closed above target. BCV says AGI — agents that do many jobs as well as people …

Snorkel AI Triples Valuation to $3.5 Billion as Training-Data Demand Explodes

A $350 million Series E led by Insight Partners and S32 prices the Stanford spinout at nearly 3x …

The Man Who Built Apple’s Stores Doesn’t Buy Silicon Valley’s Bet on AI Shopping

Ron Johnson says AI will polish online retail. He does not think it will change how people shop …