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While China's shipments to the U.S. plummeted 29% in November, strong growth in sales to regions like the European Union and Africa more than offset the slump.

The so-called GAIN AI Act would require chipmakers to give American customers first dibs on their powerful AI chips before selling in China and other arms-embargoed countries.

The CEO of Jeep maker Stellantis and senior executives from General Motors and Ford plan to attend the announcement at the White House, which is expected Dec. 3, sources told Bloomberg.

OPEC+ also approved a mechanism for its review of members’ individual production capacities, a sensitive process that will help set quotas in 2027. 

Tesla co-founder JB Straubel’s battery recycling firm, Redwood Materials, cut dozens of jobs as the startup scales back some of its ambitious projects.

Lukoil gasoline stations in the U.S. are experiencing major issues with card payments, forcing some franchise owners to consider asking more customers to use cash.

The grounding has drained capacity and complicated operations for the world’s largest package delivery companies just as shipping volumes surge for the peak period through Christmas.

The September incident, which saw federal agents detain 475 workers at a Hyundai-LG Energy facility, hasn’t dented Hyundai’s commitment to investing in the U.S.

The U.S. Department of Agriculture on Nov. 18 announced the sale of 792,000 tons of soybeans to China for the 2025-2026 marketing year, the biggest daily purchase in two years.

Trade finance platform Raistone is looking to sell itself after the collapse of its biggest client, auto parts supplier First Brands Group.