Xiaomi and Vivo's Cameras Set New Smartphone Standard Far Above iPhone
Welcome to Tech In Depth, our revamped daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Vlad Savov details the advances in mobile cameras made by a pair of Chinese smartphone makers, leaving Apple and Google's finest in the rearview mirror.
TSMC's $100 billion: Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in chip plants in the US over the next four years, the company announced Monday at an event at the White House alongside President Donald Trump.
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Yahoo
17 minutes ago
- Yahoo
Trump tariffs may remain in effect while appeals proceed, U.S. Appeals court decides
By Dietrich Knauth (Reuters) -A federal appeals court allowed President Donald Trump's most sweeping tariffs to remain in effect on Tuesday while it reviews a lower court decision blocking them on grounds that Trump had exceeded his authority by imposing them. The decision by the U.S. Court of Appeals for the Federal Circuit in Washington, D.C. means Trump may continue to enforce, for now, his "Liberation Day" tariffs on imports from most U.S. trading partners, as well as a separate set of tariffs levied on Canada, China and Mexico. The appeals court has yet to rule on whether the tariffs are permissible under an emergency economic powers act that Trump cited to justify them, but it allowed the tariffs to remain in place while the appeals play out. The tariffs, used by Trump as negotiating leverage with U.S. trading partners, and their on-again, off-again nature have shocked markets and whipsawed companies of all sizes as they seek to manage supply chains, production, staffing and prices. The ruling has no impact on other tariffs levied under more traditional legal authority, such as tariffs on steel and aluminum imports. A three-judge panel of the U.S. Court of International Trade ruled on May 28 that the U.S. Constitution gave Congress, not the president, the power to levy taxes and tariffs, and that the president had exceeded his authority by invoking the International Emergency Economic Powers Act, a law intended to address "unusual and extraordinary" threats during national emergencies. The Trump administration quickly appealed the ruling, and the Federal Circuit in Washington put the lower court decision on hold the next day while it considered whether to impose a longer-term pause. The ruling came in a pair of lawsuits, one filed by the nonpartisan Liberty Justice Center on behalf of five small U.S. businesses that import goods from countries targeted by the duties and the other by 12 U.S. states. Trump has claimed broad authority to set tariffs under IEEPA. The 1977 law has historically been used to impose sanctions on enemies of the U.S. or freeze their assets. Trump is the first U.S. president to use it to impose tariffs. Trump has said that the tariffs imposed in February on Canada, China and Mexico were to fight illegal fentanyl trafficking at U.S. borders, denied by the three countries, and that the across-the-board tariffs on all U.S. trading partners imposed in April were a response to the U.S. trade deficit. The states and small businesses had argued the tariffs were not a legal or appropriate way to address those matters, and the small businesses argued that the decades-long U.S. practice of buying more goods than it exports does not qualify as an emergency that would trigger IEEPA. At least five other court cases have challenged the tariffs justified under the emergency economic powers act, including other small businesses and the state of California. One of those cases, in federal court in Washington, D.C., also resulted in an initial ruling against the tariffs, and no court has yet backed the unlimited emergency tariff authority Trump has claimed. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
NBC Sports
18 minutes ago
- NBC Sports
Stephen A. Smith: Failure to buy Bills sparked Donald Trump's first presidential run
Nearly 10 years ago to the day, a certain someone took a certain ride down a certain golden escalator and most certainly upended American politics. As Stephen A. Smith told it on Monday night's edition of The Daily Show, the rise of Donald Trump the politician is tied directly to his inability to buy the Buffalo Bills a year before he threw his hat in the presidential ring. 'In 2014, he wanted to purchase the NFL's Buffalo Bills,' Smith told Jon Stewart. 'The price tag was $1.4 billion. . . . My sources tell me he had $1.1 [billion]. . . . He literally called me in 2014 and he said, 'Stephen, I'm going to tell you this right now' — and this is a quote — 'if them mutherfuckers get in my way, I'm gonna get them all back. I'm gonna run for president.' Those are his exact words. 'And so the NFL often jokes with me, 'So it's our fault' when I tell them that story. And I say, 'Yeah.'' This prompted Stewart to make a direct plea to the camera: 'People of Buffalo. Give him the fucking team. Save us.' Smith explained Trump's viewpoint on the matter. 'He was putting the word out that if this doesn't happen — he wanted to do it, and this should happen, I'm Donald Trump, I'm very popular and well known, I'm worth over a billion dollars, I should be able to purchase an NFL team if I want it,' Smith said. 'And if I can't get it, it's because they're getting in my way. That was his position. Their position was, 'You didn't have enough money.'' And he didn't. Because at the end of the day that's all it takes to buy an NFL team: Come up with the best offer. Terry and Kim Pegula came up with a better offer than the twice future president. But, yes, there's an alternate universe in which Trump owns the Bills and he isn't the president and he calls in to PFT Live on a regular basis to complain that the league office is being very unfair.
Yahoo
19 minutes ago
- Yahoo
Bessent Returns to Washington as US-China Talks Stretch On
(Bloomberg) — SUS Treasury Secretary Scott Bessent departed trade talks with China late Tuesday in London, as delegations continued to negotiate over key tech and industrial exports and deescalating their trade war. Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NY Long Island Rail Service Resumes After Grand Central Fire NYC Mayoral Candidates All Agree on Building More Housing. But Where? Senator Calls for Closing Troubled ICE Detention Facility in New Mexico California Pitches Emergency Loans for LA, Local Transit Systems Bessent told reporters he had to return to Washington in order to testify before Congress. US Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer planned to continue discussions with their Chinese counterparts 'as needed,' Bessent said. 'We have had two days of productive talks, they are ongoing,' the Treasury secretary said before leaving Lancaster House, a Georgian-era mansion near Buckingham Palace serving as the meeting site. Financial markets were closely watching Tuesday as the world's largest economies continued talks over the terms of their tariff truce brokered last month. US stocks rose to session highs after Lutnick said earlier the talks were 'going really, really well.' The teams, which had been led by Bessent and Chinese Vice Premier He Lifeng, were still holding discussions Tuesday night in order to iron out technical details, according to a Treasury official. The key issue this week is re-establishing terms of an agreement reached in Geneva last month, in which the US understood that China would allow more rare earth shipments to reach American customers. The Trump administration accused Beijing of moving too slowly, which threatened shortages in domestic manufacturing sectors. In return, the Trump administration is prepared to remove a recent spate of measures targeting chip design software, jet engine parts, chemicals and nuclear materials, people familiar with the matter said. Many of those actions were taken in the past few weeks as tensions flared between the US and China. 'Win by China' 'A US decision to roll back some portion of the technology controls would very much be viewed as a win by China,' said Dexter Roberts, nonresident senior fellow at the Atlantic Council's Global China Hub, adding that the possibility of unwinding 'any controls' seemed 'pretty much unthinkable' until recently. A month ago Beijing and Washington agreed to a 90-day truce through mid-August in their crippling tariffs to allow time to resolve many of their trade disagreements — from tariffs to export controls. Lancaster House carries historical significance. It has hosted major addresses by UK prime ministers, speeches by central bank governors and parties for Britain's royal family. At the same time, Trump's trade team is scrambling to secure bilateral deals with India, Japan, South Korea and several other countries that are racing to do so before July 9, when the US president's so-called reciprocal tariffs rise from the current 10% baseline to much higher levels customized for each trading partner. Meanwhile, Chinese President Xi Jinping on Tuesday held his first phone conversation with South Korea's newly elected President Lee Jae-myung and called for cooperation to safeguard multilateralism and free trade. 'We should strengthen bilateral cooperation and multilateral coordination, jointly safeguard multilateralism and free trade, and ensure the stability and smoothness of global and regional industrial chains and supply chains,' Xi said, according to the CCTV report. —With assistance from Colum Murphy and Stephanie Lai. New Grads Join Worst Entry-Level Job Market in Years American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling ©2025 Bloomberg L.P.
