Why Investors Are Pricing in Risk of K-Shaped Economy

A Nobel Prize winner in Physics has issued a warning that China is rapidly closing the gap with the United States in the quantum computing race, indicating that the competition is intensifying. This statement underscores the urgency of advancements in quantum technology and the implications for global leadership in this critical field.

Shares of American Bitcoin Corp., co-founded by Eric Trump, plummeted by over 50% within a half-hour on Tuesday, resulting in multiple trading halts as reported by Monique Mulima on Bloomberg Television.

Amazon has initiated a trial for 30-minute delivery services in two states in the US, aiming to enhance customer satisfaction by catering to the growing demand for rapid delivery options. This move reflects a shift towards immediacy in consumer expectations, particularly in the e-commerce sector.

OpenAI CEO Sam Altman has declared a 'code red' for ChatGPT, urging an immediate focus on enhancing the AI platform while postponing other projects. This decision reflects the company's recognition of the need for rapid improvements in response to user feedback and competitive pressures in the AI sector.

Samsung has officially unveiled its Galaxy Z TriFold phone, featuring a 10-inch foldable screen, which is set to launch in Korea this month, followed by a release in the US early next year. This innovative device showcases a tri-fold design aimed at enhancing user experience and functionality in the smartphone market.

The Trump administration has officially renamed the National Renewable Energy Laboratory to the National Laboratory of the Rockies, marking a significant shift in the identity of a key institution in US renewable energy research.

Dan Wang, a research fellow at the Hoover Institution, highlighted the ongoing competition between the U.S. and China in trade and technology, suggesting that the global economy is becoming increasingly protectionist and fragmented. He emphasized that China is intensifying its focus on artificial intelligence and other technologies, posing a significant challenge to the West.

Klook Technology Ltd. is reportedly postponing its planned listing in the US to early 2026 as the online travel platform awaits a more favorable market environment. This decision comes amidst ongoing fluctuations in the financial markets, which have affected many companies' initial public offerings.