Technology

China’s crackdown on borrowing by local governments is forcing state-run entities in even some of the wealthiest provinces to tap costly credit from non-bank lenders, a stopgap that is increasing risk in an opaque corner of the financial system. The borrowing marks a return of China’s shadow-banking market, which is more loosely regulated than traditional lenders and had been reined in over the past few years in a bid to reduce risk. Since September, industrial investment arms and financing pla

The closure of Beyond Meat’s China business, despite heavy financing and marketing, underscores challenges that scuppered many vegan meat firms Only a few years ago, the notion that Beyond Meat – the former poster child of the plant-based meat industry – would shut down its operations in China seemed unthinkable. At the height of the brand’s popularity, its label could be found adorning heavily promoted products at restaurants and grocery stores across major cities.

Foxconn , a key Nvidia partner in its artificial intelligence buildout, saw its revenue spike 26% year-on-year in November, as demand for servers continued to ramp up amid the AI boom. The Taiwanese company, also known as Hon Hai, is the world’s largest contract electronics manufacturer and makes the servers that hold chips in data centers, as well as assembling Apple’s iPhone.

Salesforce shares popped 5% on Friday, extending a rally that began after the company’s better-than-expected earnings report earlier in the week. The stock climbed 13% over the past five days, its best weekly performance since December 2023.

Meta is acquiring artificial intelligence wearable startup Limitless, the companies said Friday. “We’re excited that Limitless will be joining Meta to help accelerate our work to build AI-enabled wearables,” a Meta spokesperson said in a statement.

The U.K. was the birthplace of commercial nuclear energy, but now generates just a fraction of its power from it — big investments are underway to change that. The country once had more nuclear power stations than the U.S., USSR and France — combined. It was a global producer until 1970 but hasn’t completed a new reactor since Sizewell B in 1995.

Amazon (AMZN) has just wrapped up a pivotal week that analysts believe could be the catalyst to snap its stock out of its recent stagnation. While the e-commerce and cloud giant has trailed its "Magnificent Seven" peers for much of late 2025—even briefly dipping into negative territory for the year—a flurry of major announcements regarding its AI infrastructure and cloud partnerships has set the stage for a potential rebound in 2026. The "Big Week" Breakdown

Elon Musk’s SpaceX, is initiating a secondary share sale that would give the company a valuation of up to $800 billion, The Wall Street Journal reported Friday. SpaceX is also telling some investors it will consider going public possibly around the end of next year, the report said.