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INSANE: 3 | Vintage Vibes

'New Normal': Tariffs Cost Japan's Auto Companies Nearly $10 Billion So Far

Today on Critical Materials: Subaru pivots to hybrids, Japan's automakers are feeling tariffs and China's zero-mile used EVs are causing trust issues.

InsideEVs

Apple iPhone Air Gets Massive Production Cut As 'Nobody Wants It' – What Went Wrong?

Apple's iPhone Air sees 80% production cut as buyers shun its thin foldable design. What went wrong?

International Business Times UK

Record number of babies born to foreign parents in Japan amid political row over migration

More than 20,000 children were born to non-Japanese couples, accounting for more than 3% of all newborns

The Guardian - AU

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Japan Main Opposition Eyes Unified PM Candidate To Block Takaichi

Japan's biggest opposition party will seek to support a unified candidate with other groups in a bid to block Sanae Takaichi's election as prime minister, media reported after the ruling coalition collapsed.

International Business Times

The New Nissan Leaf Is Good, But It Already Has A Problem

Nissan is reportedly cutting production of the new Leaf, and it’s all down to batteries. The company just can't get its hands on enough of them.

InsideEVs

Stock Index Futures Muted After Record Rally, U.S. Confidence Data on Tap

September S&P 500 E-Mini futures (ESU25) are down -0.11%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.04% this morning, taking a breather as investors assess how much further the record rally fueled by expectations of Federal Reserve rate cuts can continue.

Barchart

Toyota Reshapes US Strategy: More Hybrids, New EVs, Fewer Lexus Sedans

Toyota Motor Corporation (NYSE:TM) shares are trading lower on Wednesday after Reuters reported that the carmaker was adjusting its U.S. manufacturing footprint.

Benzinga

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Perplexity wants to play nice with publishers. They keep suing it anyway

Perplexity is facing copyright lawsuits from publishers around the world, even as it tries to forge partnerships with them.

Fortune

Jeff Bezos-Backed Perplexity AI Faces Lawsuit In Japan As Media Giants Nikkei, Asahi Claim AI Platform Illegally Stored, Misused Articles

Japanese media giants Nikkei and Asahi Shimbun have filed a lawsuit against Perplexity AI, which is backed by Amazon founder Jeff Bezos and Nvidia Corporation (NASDAQ:NVDA). They accused the AI search startup of copying and storing their content without permission.

Benzinga

Bill Gates-Founded Energy Venture, Backed By Likes Of Jeff Bezos And Jack Ma, Is Working With Japan To Commercialize Hydrogen

Breakthrough Energy, a U.S. nonprofit founded by Microsoft Corp. co-founder Bill Gates, will partner with Japan's government to support decarbonization research beginning in fiscal 2026, with a focus on moving homegrown technologies from labs to market.

Benzinga

EV Battery Production Is Going Ballistic

Battery production is outpacing demand, which means prices should continue to fall. That'll be useful as EVs grow more popular.

InsideEVs

Hyundai: The Only Way To Beat China Is To Embrace Technology

Today on Critical Materials: Hyundai calls on automakers to embrace technology, Honda looks to Silicon Valley for Help and Xiaomi might be profitable this year.

InsideEVs

Scott Bessent Says Jerome Powell's Successor's Should Have These Qualities: Fed's 'Independence Is Essential,' But Is 'At Risk'

Treasury Secretary Scott Bessent outlined the qualities that he thinks the next Federal Reserve Chair should possess in an interview with Nikkei on Thursday.

Benzinga

Adidas, Uniqlo, Nike And Gap Brace For Bigger Tariff Bills And Tough Choices On US Shelf Prices

Apparel heavyweights from Japan's Fast Retailing to Germany's Adidas warned they will likely raise U.S. prices as President Donald Trump moves ahead with steep new tariffs on key garment-making hubs, Vietnam, Cambodia and Bangladesh.

Benzinga

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The Guardian - US

Markets rally after Trump announces tariff deal with Japan

US president says Japanese imports will face 15% levy instead of threatened 25%, prompting reports of a similar deal with the EU

The Guardian - UK

Two City traders win appeals against rate rigging convictions after ‘Kafkaesque nightmare’ – as it happened

Tom Hayes and Carlo Palombo have convictions for rigging benchmark interest rates quashed by Supreme Court

The Guardian - AU

Scientists reportedly hiding AI text prompts in academic papers to receive positive peer reviews

Research papers found carrying hidden white text giving instructions not to highlight negatives as concern grows over use of large language models for peer review

Benzinga

Trump May Have Sent Dear Japan Letter On Tariffs, But Tokyo Unlikely To Make Progress On Deal Until This Key Event Takes Place

President Donald Trump notified Japan of 25% tariff rates on Monday, effectively extending negotiations until August 1 as Japan’s July 20 upper house election constrains deal-making.

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InsideEVs

Inside Ford's Plan To Outfox China's EV Companies

Today on Critical Materials: Ford's affordable EV will match China's costs, Tesla will pause production lines (again) and China hits an important chip milestone

Barchart

Stocks Muted Before the Open With U.S. Economic Data in Focus, ECB Decision Eyed

June S&P 500 E-Mini futures (ESM25) are up +0.02%, and June Nasdaq 100 E-Mini futures (NQM25) are up +0.10% this morning, pointing to a muted open on Wall Street, while investors await a fresh batch of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from semiconductor…

Tom’s Hardware

Panasonic's new Let's Note laptops could be the final death knell for the humble VGA port

Panasonic has announced updates to its long-established Let’s Note laptop series, and the VGA ports are gone.

InsideEVs

Nissan's Hard Times Ain't Over Yet

When I spoke to Nissan executives in Japan in March, one thing was clear: The hardest work was still ahead of them. Executives like Chief Performance Officer Guillaume Cartier and incoming CEO Ivan Espinosa told me that, while the beginning of the transition plan was in motion, there was more to…

InsideEVs

BYD Is Developing An Electric Kei Car For Japan: Report

Japan’s electric vehicle market fell 33% in 2024 from an already low baseline. But China's BYD still saw sales growth in the country. Nissan still dominates the Japanese electric car market, and Tesla leads among imported EVs, but BYD is now reportedly working on a model it hopes will slingshot…

InsideEVs

Volkswagen Is Plotting A High-Tech Comeback In China

In today’s automotive industry, carmakers can’t just stubbornly continue following their decades-old script. They have to constantly adapt by riding the wave of new technologies, or risk extinction. It seems like Volkswagen finally understands this reality, especially in its second-largest market: China. The automaker’s sales suffered a setback in China in 2024,…

Nintendo Switch 2 tariff woes continue – here's how much it could cost you

Experts claim the Nintendo Switch 2 will continue to be affected by Trump's tariffs – even as much as 145%.

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