The metaverse project is about to undergo unprecedented budget cuts amid the latest strategic shake-up by tech giant $Meta Platforms, Inc.(META)$ . The news triggered a strong reaction from the market, with shares rising more than 6% premarket. According to people familiar with the matter, the metaverse project, which Meta CEO Mark Zuckerberg had high hopes for, is expected to face budget cuts of up to 30% in fiscal year 2026. The cuts involve multiple core products including the virtual world platform "Horizon Worlds" and Quest virtual reality devices. If the budget cuts are as significant as expected, a new wave of layoffs may surface in January next year, but the final plan has not yet been finalized.This massive cut is a difficult decision mad

December 3,$Tesla (TSLA) $It rose more than 3% during the session. On the news, five months after the release of the plan to accelerate the development of artificial intelligence, the Trump administration began to turn its attention to robots.U.S. Commerce Secretary Howard Lutnick has been meeting with CEOs of the robotics industry and is going all out to accelerate the development of the industry, according to three people familiar with the matter who disclosed details anonymously. The administration is considering issuing an executive order on robots next year, according to two people familiar with the matter. According to a person familiar with the planning, the U.S. Department of Transportation is also preparing to announce a robotics working gro

Today, both A-shares and Hong Kong stocks fell, and the decline of Hong Kong stocks was significantly higher than that of A-shares. The Shanghai Composite Index closed at 3878.0 points, down 0.51%, and the Shenzhen Component Index closed at 12955.25 points, down 0.78%. Transactions in the two cities were active, but lacked upward breakthrough momentum. In terms of sectors, technology and consumer stocks performed weakly, and some heavyweights dragged down the index.Hong Kong stocks were under even more obvious pressure. The Hang Seng Index fell 1.28% to close at 25,760.73 points, and the Hang Seng China Enterprises Index fell 1.68% to close at 9028.55 points. The 26,000-point integer mark failed to be held, and the short-term technical aspect was under pressure. H50 futures fell by more th

On December 1, 2025, BOJ Governor Kazuo Ueda sent the strongest signal to date in a public speech: the central bank will "weigh the pros and cons of rate hike" at its monetary policy meeting on December 18-19, suggesting that it is likely to raise interest rates.Investors reacted quickly-pricing in rate hike expectations surged. According to market data, the Japanese 2-year Treasury Bond yield climbed rapidly to more than 1%, and the 10-year JGB yield rose to about 1.87%, a new high level since 2008. Meanwhile, the yen strengthened against the dollar-market demand for the yen rose as investors expected Japan to return to higher interest rates.With the expectation of rate hike landing, the Japanese Treasury Bond market quickly suffered a sell-off. Short-term, medium-and long-term Treasury B

$Intel (INTC) $Shares soared more than 10% on Friday as Ming-Chi Kuo, an analyst at Tianfeng International Securities, said that Intel is expected to become the foundry supplier of some M-series processors of Apple (AAPL), which is a foundry for Intel's wafer. The foundry business has brought new expectations.Ming-Chi Kuo pointed out on X (formerly Twitter) that his latest industry survey shows that Intel's possibility of becoming Apple's advanced manufacturing process supplier has "significantly increased" recently. According to its disclosure, Apple has signed a confidentiality agreement (NDA) with Intel and obtained the PDK 0.9. 1GA of Intel's 18AP advanced node. At present, key simulation and research projects (such as PPA) are progressing smooth

In late November 2024, multiple media reported that,$Apple (AAPL) $Has been sent toDelhi High Court, IndiaFile a 545-page document formally challenging India's new antitrust fine rules, which will be enabled in 2024. The rule allows the Competition Commission of India (CCI) to calculate fines based on a business'sWorldwide turnoverAs a basis, Apple may face in the current antitrust investigationUp to about $38 billionOf fines. Apple called the system "arbitrary, unconstitutional and disproportionate."This is the first challenge to the new regulation. Apple notes that CCI has been in an unrelated case on November 10, 2024First and retrospectively applicableThis rule, so companies have "no choice" but to pursue a constitutional-level lawsuit in case th