
China June Car Sales Hit Record for the Month on Subsidy Boost
Retail vehicle sales touched 2.1 million in June, a 7% increase from the previous June peak of 1.9 million in 2022, China's Passenger Car Association said Tuesday. Wholesale and production figures also hit record highs for the month.
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Yahoo
3 minutes ago
- Yahoo
An Amazon seller who earns seven figures is starting to make her product in the US due to tariffs. It'll cost more, but it's worth it after 'many sleepless nights.'
Lisa Harrington is shifting 80% of her product catalog to a US-based manufacturer. The move is a response to Trump's tariffs on goods from China. It'll cost her more to produce in the States, but she says it's worth it for the peace of mind. As a full-time Amazon seller, Lisa Harrington relies heavily on her manufacturer. "They can make or break your business in terms of really producing something that's high quality," the founder of Purrfect Portal told Business Insider. Harrington, who started selling dog harnesses and, eventually, interior cat doors, found her first manufacturer through Alibaba, a popular online platform for sourcing products. She worked with them for about four years before pivoting to a different factory in China that her mentor referred her to. That switch happened nearly 10 years ago, and she wasn't planning to make any changes to her supply chain — until President Donald Trump announced tariffs on all imports from China to the US in early 2025. Moving 80% of her catalog to a US-based manufacturer Trump's flip-flopping on tariffs has left business owners feeling uncertain and vulnerable. "I've honestly just had so many sleepless nights over the tariffs," said Harrington, "I've been doing this for 10 years. I've never been in a scenario where my cost of goods could double overnight or triple overnight, and I just couldn't handle that stress anymore." The only solution to alleviate her stress was to onshore a number of her products. "Starting in October, 80% of our catalog is going to be made in the USA," she said, adding that the move "was not on my bingo card, but things are changing quickly." Producing in the States — specifically, in a factory she found in Rhode Island — is "definitely going to cost more," she said. But, it's peace of mind she's after. "Not having to obsessively look at Truth Social or The Wall Street Journal to see what's happening overnight with my business costs, it's just worth it." Harrington, who is a member of various e-comm networks, including the exclusive Million Dollar Sellers community, says most business owners she's spoken to don't have the option of switching manufacturers. "I'm one of the few people who can actually onshore," she said. "There are just so many people I know who can't. They just can't because the numbers just still don't make any sense." Transitioning to a new manufacturer is expensive and time-consuming. E-commerce entrepreneur Shan Shan Fu, who sells over 100 products on Amazon in the women's clothing and accessory space, told BI in May that switching suppliers isn't feasible for her. "The 100 products come from all different factories, so to change and have another factory in, say, Vietnam, replicate what many, many factories are already making, and making it at the same quality and level, is going to take years and years and years, and it would cost more money," she said. She added that most factories require a minimum order quantity: "So they'll say, 'We can't custom-make anything for you unless you order 2,000 pieces.' But if you're a small business, often you can't buy 2,000 pieces right away; you might buy 200, then 500, then 1,000, and you scale up slowly." For many small businesses, suddenly having to place a large order with new suppliers "just isn't doable," she said. "So, we don't have a lot of flexibility to leave China." Harrington, whose closable, plastic cat doors bring in seven figures in annual revenue, said she feels extremely lucky that the economics are working out for her. "I suspect it's because it's plastic. I suspect it's because I have good margins. I suspect it's because I found a really good factory. I feel like a lot of things aligned to make it possible for me to move over," she said. "But I don't know another single person who's doing this because either they can't find a factory or they've gotten prices from American factories, and it's still much more expensive to make it here than it is to deal with the tariffs." Read the original article on Business Insider Sign in to access your portfolio


CNN
35 minutes ago
- CNN
On GPS: Is a second ‘China shock' coming?
The 'China shock' at the turn of this century wreaked havoc on US manufacturing and upended the global trade system. Fareed speaks with David Autor, one of the economists who first identified the 'China shock.' He warns that a second shock is coming — and this one will be worse.
Yahoo
an hour ago
- Yahoo
5 Breakout Growth Stocks You Can Buy and Hold for the Next Decade
Key Points Nvidia and TSMC are two of the best ways to play the growth in AI infrastructure. Meta Platforms and Toast are using AI to help drive growth. GitLab is helping transform the software development lifecycle. 10 stocks we like better than Nvidia › Investors looking for long-term winners should focus on companies with strong growth runways, clear competitive advantages, and the ability to adapt to evolving tech trends. Let's look at five breakout growth stocks that fit this bill that you can buy now and hold for the long term. 1. Nvidia Nvidia (NASDAQ: NVDA) is the undisputed leader in artificial intelligence (AI) infrastructure. Its graphics processing units (GPUs) have become the backbone of AI workloads, and it's hard to overstate the company's dominance. It captured an incredible 92% market share in Q1, and even at a $4 trillion market cap, Nvidia is still in growth mode. Its real moat isn't just its chips -- it's its CUDA software platform. CUDA is the main reason why the company is in the position it is in today. Nvidia pushed its free software platform into research labs and universities well before AI went mainstream. This led to developers being trained on CUDA, and tools and libraries being built on top of it that improve its chips' performance in handling AI tasks. Nvidia, meanwhile, recently got good news when the Trump administration indicated it would once again let it sell its H20 chips in China. The company is also pushing into new markets beyond AI, with the auto segment being another potential huge market with the advent of autonomous driving and robotaxis. As such, Nvidia remains a great growth stock to own for the long haul. 2. Taiwan Semiconductor Manufacturing Taiwan Semiconductor Manufacturing (NYSE: TSM) is the world's leading chip foundry, and its importance just keeps growing. Today, most advanced chipmakers just design chips, leaving their production to TSMC. That includes top names like Nvidia, AMD, Broadcom, and Apple. TSMC is benefiting from the AI surge, with high-performance computing (HPC) now making up 60% of its revenue -- up from 52% a year ago. The company is far ahead in advanced node manufacturing, and that lead keeps widening. Nodes refer to how many transistors can be fit on a chip, and the more dense a chip is, the more powerful and energy efficient it becomes. Chips built on 7-nanometer and smaller nodes made up 74% of TSMC's revenue last quarter, with 3nm chips accounting for 24%. With other foundries struggling, TSMC is the clear leader in the space due to its scale and technological expertise. As a result, it has been an invaluable partner to top chip designers. The great thing is that it doesn't matter which company takes market share, as they all use TSMC. With AI demand continuing to grow and new markets like autonomous driving emerging, TSMC looks like a cornerstone stock to own for the next decade. 3. Meta Platforms One company looking to win the AI battle is Meta Platforms (NASDAQ: META). Meta already owns one of the most powerful digital ad platforms in the world, and it is now using AI to supercharge it. Meta's Llama models are helping boost engagement across Facebook and Instagram, which means users are spending more time on the apps, leading to more ad inventory to sell. At the same time, its AI tools are helping advertisers build better campaigns and target users more precisely, leading to higher ad prices and stronger return on ad spend. But the biggest opportunities are still ahead. Meta is only just beginning to serve ads on WhatsApp and Threads. WhatsApp has more than 3 billion users, and Threads already has 350 million. Both are early in their ad rollouts, and that gives Meta a long runway for growth. Meanwhile, CEO Mark Zuckerberg is spending aggressively to secure AI talent, with a stated goal of delivering "personal superintelligence." That's a bold vision, but if Meta succeeds, it could become the most important AI platform in the world. That's a reason to own it for the long term. 4. GitLab GitLab (NASDAQ: GTLB) is transforming itself from a code repository into a full-blown software development lifecycle platform. Its platform now provides tools for planning, coding, testing, securing, deploying, and monitoring software, as it looks to become a single platform for the entire software development lifecycle. And it's doing this just as AI is fundamentally changing how code is written, tested, and deployed. Software development has been accelerating due to AI, and GitLab is becoming a key partner. GitLab 18 marked a big leap forward, with over 30 new features including Duo Agent, which allows AI agents to help across the full development lifecycle. That matters, because only about 20% of a developer's time is spent actually writing code. GitLab is now focused on helping drive efficiency everywhere else. In an AI-first software world, GitLab's position as an end-to-end workflow solution puts it in a strong spot. This looks like a strong growth story with a lot of upside potential in the years to come. 5. Toast Toast (NYSE: TOST) is growing in importance in the restaurant industry, as its software platform helps restaurants manage operations and drive sales. Meanwhile, the company is now integrating AI into its platform in a way that could meaningfully change how restaurants make decisions. Tools like ToastIQ and Sous Chef are helping restaurants make smarter, faster decisions in real time -- whether it's optimizing staffing, adjusting menus, or helping improve supply chains. It has even started piloting new modules to help restaurants upsell customers and improve their advertising with Google. Toast's value proposition is clear: It helps restaurants run better and make more money. Meanwhile, through its payment processing, it benefits when its customers succeed. As restaurants face rising costs and tighter margins, they're turning to tech to help, and Toast is becoming one of the first places they look. That said, the restaurant industry is large and fragmented, giving Toast plenty of room to continue to expand over the next decade. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Geoffrey Seiler has positions in GitLab and Toast. The Motley Fool has positions in and recommends Advanced Micro Devices, Apple, GitLab, Meta Platforms, Nvidia, Taiwan Semiconductor Manufacturing, and Toast. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. 5 Breakout Growth Stocks You Can Buy and Hold for the Next Decade was originally published by The Motley Fool