Media Says 'Gambling' Trump Got Lucky On The Economy

Volkswagen CEO Plans 100,000 Job Cuts In Generational Overhaul German business news outlet Manager Magazin reports that Volkswagen CEO Oliver Blume is eyeing a major restructuring that could eliminate as many as 100,000 jobs. The latest VW earnings show just why: Europe's largest automaker remains bloated in a world of weak demand, a softening Chinese market, rising Chinese competition in Europe, and low margins. "Volkswagen CEO Oliver Blume is getting serious. He plans to drastically intensify job cuts, actually phase out production at four German plants, and spin off the...

Israeli airstrikes were targeting Lebanon’s main coastal highway south of the capital city of Beirut today, hitting at least seven vehicles and killing 12 people, along with wounding an unspecified number of others. The main strikes were reported earlier in the day between Beirut and the key port city of Sidon, but there were other, […]

Apple Tests Chinese Memory Chips As Supply Crunch Pushes PC Giants Toward CXMT After months of lobbying the Trump administration for clearance to purchase Chinese memory chips, Apple appears to be nearing the point where it can tap China's domestic chip market. The push follows what the iPhone maker has described as "unsustainable" pricing from the memory "cartel," namely SK Hynix, Samsung, Micron, and SanDisk, whose production has been soaked up by unprecedented demand from hyperscalers.  The Wall Street Journal reported Sunday morning that Apple is closer than ever to using memory chips...