logo
U.S.-China Trade Deal ‘Done,' Trump Says

U.S.-China Trade Deal ‘Done,' Trump Says

Forbesa day ago

President Donald Trump on Wednesday said a trade agreement was reached between the U.S. and China, pending final approval from him and Chinese President Xi Jinping, following weeks of escalated tensions between both countries as trade negotiations were carried out.
The trade agreement includes full magnets and 'any necessary rare earths' from China as the U.S. ... More makes concessions on student visas.
Trump, in a post on Truth Social, said a deal was 'done' between the U.S. and China, which will supply 'any necessary rare earths' and full magnets as the U.S. makes concessions on allowing Chinese students to attend American universities.
This is a developing story.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Meet The Humanoid Robot Designed To Clean Your Hotel Room
Meet The Humanoid Robot Designed To Clean Your Hotel Room

Forbes

timean hour ago

  • Forbes

Meet The Humanoid Robot Designed To Clean Your Hotel Room

The Zerith H1 restocks amenities in a hotel shower. It can also clean floors and pick up towels and ... More clothes. Next time you toss used towels onto the floor of your hotel room, it could be a housekeeping robot scooping them up. Meet Zerith H1, a humanoid robot designed specifically for the hospitality industry. The bot can autonomously clean floors, restock amenities and even scrub toilets with a brush. Chinese startup Zerith Robotics, founded in January with a focus on the large-scale deployment of humanoids, says the H1 has the power to transform the hospitality industry, which took a hit during the COVID-19 pandemic, when travel sharply declined and holing up at home became the norm, leading many laid-off or furloughed employees to ditch the industry for more secure jobs. The American Hotel & Lodging Association's 2025 annual state of the industry report indicates that the industry is still short some 200,000 workers from pre-pandemic levels. Zerith H1 has a torso — height adjustable from ground level up to 6.5 feet — attached to a small base outfitted with flexible wheels. Its arms, with seven degrees of freedom, can lengthen to about 2.5 feet and be outfitted with dexterous robo-hands. It's equipped with artificial intelligence, sensors and depth cameras that allow it to avoid obstacles and navigate narrow hallways and rooms with various layouts. It has a battery life of four hours. Zerith Robotics recently posted a video showing the bot at work in a hotel bathroom — tossing towels in a laundry hamper like a pro, replenishing toiletries, tidying the counter and even filling a vase of flowers with fresh water from the sink. 'We chose the hospitality industry because our ultimate goal is to enter households,' Min Yuheng, founder of Zerith Robotics, said in an email. 'Hotels serve as an ideal standard scenario leading to homes, with clear demands and reusable data that can be applied to household settings.' Robotic devices have been vacuuming carpets, mopping floors and cleaning litter boxes for years now. But while companies from 1X to Tesla are working on humanoid robots to help with household chores, it's still unusual to see these androids roaming messy homes, brooms in their robo-hands. Zerith was jointly incubated by Tsinghua University and the Jianghuai Advanced Technology Center and has assembled experts in artificial intelligence and robotics from such companies as Baidu, TikTok owner ByteDance and iFlyTek, which supplies voice recognition software. The H1 housekeeping bot needs more training to adapt to diverse environments before it can infiltrate the home market, Yuheng said. Then there's the price. If Zerith ultimately envisions the H1 as a domestic helper, the bot's current tag of around $13,700 isn't exactly hospitable to the average consumer. A representative from the American Hotel & Lodging Association declined to comment on what housecleaning robots would mean for human workers, but acknowledged labor shortages in the sector. In a survey released earlier this year by the AHLA, nearly 65% of hotels polled continued to report staffing were most common in housekeeping, at 38%, followed by front desk roles, at 26%. Hotels also reported having trouble finding workers to fill culinary positions and maintenance roles. While hotels have yet to widely incorporate robots into their workforce, some have already started experimenting with them. Among these businesses are Seattle's Astra hotel, where Sparky the robot butler will happily deliver your room service order, and Yotel NYC in Times Square, where a 15-foot robotic arm hoists luggage into storage lockers in the lobby for travelers who want to walk around unburdened before or after checking in. But robots don't always make hotel life smoother for guests — at least not yet. In 2019, the 'world's first robot hotel' fired more than half of its 200-plus robot workers after guest complaints about technical difficulties made the machines more trouble than they were worth. One staff member reportedly said, 'It's easier now that we're not being frequently called by guests to help with problems with the robots.'

Dollar Hits Multiyear Lows
Dollar Hits Multiyear Lows

Wall Street Journal

timean hour ago

  • Wall Street Journal

Dollar Hits Multiyear Lows

The dollar sank to its weakest level in years, losing ground against the euro, Japanese yen and other currencies. The WSJ Dollar Index traded as low as 94.48, the lowest intraday level since July 2023, according to Dow Jones Market Data. That gauge and the U.S. Dollar Index were recently both on pace to settle at their lowest levels in years. The euro surged above $1.16, and was on course for its strongest end-of-day level since October 2021.

Shaq Signs $1.8 Million Check to End His Crypto Drama
Shaq Signs $1.8 Million Check to End His Crypto Drama

Gizmodo

timean hour ago

  • Gizmodo

Shaq Signs $1.8 Million Check to End His Crypto Drama

Shaquille O'Neal can finally breathe a sigh of relief. The basketball legend turned businessman and TV personality has agreed to pay $1.8 million to settle a class-action lawsuit over his role in promoting the now-defunct cryptocurrency exchange FTX. While the payment closes a legal chapter for the former Laker, it also marks a turning point in how courts are treating celebrity endorsements in the volatile world of crypto, a space where stardom once offered both hype and cover. O'Neal is among the first big names to reach a settlement in the high-profile FTX case, which also names football legend Tom Brady, his ex-wife Gisele Bündchen, NBA superstar Steph Curry, tennis player Naomi Osaka, and Seinfeld creator Larry David. Some of the claims against these celebrities, who say they weren't aware of the risks, have already been dismissed. But O'Neal's decision to settle stands out. He was accused of promoting FTX to his fans and investors, appearing in a string of marketing campaigns. In return, the company allegedly sponsored his music festival venture, Shaq's Fun House. According to the lawsuit, O'Neal promoted the partnership through social media posts and videos. He was allegedly paid $750,000 for his endorsement. 'Plaintiffs seek class-wide relief from Mr. O'Neal, who was an alleged influencer and celebrity paid by FTX to present FTX to his followers and event attendees as a safe and legitimate alternative to other cryptocurrency exchanges,' states the court document (FTX Cryptocurrency Exchange Collapse Litigation, Docket No. 1:23-md-03076, S.D. Fla. Jun 5, 2023). An initial settlement was reached last November. It was unveiled in May by the court, and on June 9, the final $1.8 million agreement was filed in the U.S. District Court for the Southern District of Florida by Adam Moskowitz, the plaintiffs' attorney. O'Neal must pay the amount within 30 days. FTX, which filed for Chapter 11 bankruptcy on Nov. 11, 2022, had become a crypto juggernaut thanks in part to its celebrity ambassadors. But behind the scenes, the platform was using customer assets as collateral to borrow funds that were funneled to its sister company, Alameda Research, for trading and investments. When the house of cards collapsed, both companies went under, sparking lawsuits against founder Sam Bankman-Fried, his inner circle, and the stars who endorsed the brand. O'Neal's settlement isn't just about resolving his personal liability. It's a wake-up call to celebrities who cashed in on the crypto boom without fully understanding, or disclosing, the risks. 'I don't understand it,' O'Neal told CNBC in 2021 about cryptocurrencies. 'So, I will probably stay away from it until I get a full understanding of what it is.' He added, 'From my experience, it is too good to be true.' Yet he didn't stay away. Since the FTX implosion, regulators like the Securities and Exchange Commission and the Federal Trade Commission have been cracking down on undisclosed paid crypto endorsements. The SEC now emphasizes 'fair disclosure' and 'financial literacy,' warning that fame is no longer a shield. The message to celebrities is unequivocal: if you promote it, you are now expected to 'own' it, even if the venture collapses. And this isn't Shaq's only crypto-related legal headache. Last November, he was ordered to pay $11 million to settle a separate lawsuit involving Astrals, a failed non-fungible tokens (NFT) project he co-founded with his son Myles O'Neal. (NFTs are digital collectibles that can be owned, sold, or traded online.) The project promised a metaverse experience where users would interact via NFT avatars. But after FTX's downfall, Shaq reportedly distanced himself from the venture, leaving investors to fend for themselves. Now, with $12.8 million in crypto settlements under his belt, O'Neal may think twice before lending his name to another crypto venture.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store