
China's Private Factory Reading Rebounds After Trump Trade Truce
The Caixin manufacturing purchasing managers index rose to 50.4 from 48.3 in May, according to a statement released by Caixin and S&P Global on Tuesday. That compared with the median forecast of 49.3 by economists. A reading above 50 indicates improving conditions.

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OpenRock S2 Debuts -- Ultra-Light Open-Ear Sports Earbuds Engineered for Comfortable Fit
HONG KONG, July 1, 2025 /PRNewswire/ -- OpenRock, an industry-leading open-ear audio brand, officially launches the OpenRock S2, ultra-light open-ear sports earbuds. Weighing just 7 grams each, it features a secure and lightweight design that delivers high-quality audio while keeping you aware of your surroundings. It has earned praise worldwide from well-known media outlets such as Android Headlines and NeozOne. Key features include: 7g Ultra-Light Hook-Clip Design: Each earbud weighs just 7g, combining an ultra-thin 0.6mm titanium wire and soft liquid silicone for a flexible fit. The ergonomic hook-clip design ensures even pressure distribution for a secure and all-day comfort. Triple Sweat & Water Protection: An angled fit channels sweat away, allowing it to naturally slide off. The independent cavity and waterproof nano-coating protect the internal components. With IPX5 water resistance, it stands up to sweat and light rain with ease. Premium Sound with BassDirect™: The BassDirect™ technology delivers deep, low-distortion bass. Enhanced by the LISO 2.0 algorithm, LDAC codec, and Hi-Res Audio certification, the OpenRock S2 ensures clear, high-fidelity sound. Remote Camera Control: Easily snap photos or start recording videos by pressing the earbud button four times when your phone is in photo or video mode—ideal for hassle-free shooting on the go. Up to 32-Hour Battery Life: Enjoy up to 8 hours on a single charge, and up to 32 hours with the charging case. A 5-minute quick charge provides 1 hour of playback. OpenRock is dedicated to providing an exceptional auditory experience through superior craftsmanship and sound quality. Its innovative open-ear air-conduction design delivers "The Sound of Freedom" – rich bass and clarity – while keeping wearers aware of their surroundings. By seamlessly blending functionality with cutting-edge technology, OpenRock earbuds enable users to enjoy immersive sound—whether they're pursuing an active lifestyle or simply enjoying their favorite music throughout the day. The OpenRock S2 was officially launched on July 1, 2025, at a retail price of $98.99. It is now available for purchase globally via the official OpenRock website and Amazon. View original content to download multimedia: SOURCE OpenRock Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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17 minutes ago
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This Chinese Stock Just Launched Something That Could Be Even Bigger and More Powerful Than DeepSeek
Baidu (BIDU) shares are in focus after the company made its ERNIE large language models (LLMs) open source – effectively enabling the global AI community to use them for R&D. Note that Baidu's ERNIE 4.5 series outperforms DeepSeek's V3 model on a significant number of benchmarks across key capability categories. Elon Musk's Tesla Makes History With 'First Time That a Car Has Delivered Itself to Its Owner' This Defense Stock Could Be the Next Palantir. Should You Buy It Now? Cathie Wood Is Pounding the Table on AMD Stock. Should You Buy Shares Now? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Still, Baidu stock is down some 19% versus its year-to-date high at the time of writing. Baidu shares stand to benefit rather significantly from management's decision to open source ERNIE models. By making its LLMs freely available under the Apache 2.0 license, BIDU invites global developers to build, fine-tune, and deploy on its architecture – accelerating adoption and ecosystem growth. Baidu's move mirrors the success of DeepSeek's open-source strategy, which reshaped China's AI landscape. The open-source release also enhances transparency and trust – potentially attracting enterprise and government partnerships. In short, the announcement positions BIDU as a foundational platform – a shift that could unlock long-term monetization and valuation upside. Baidu stock hasn't been particularly exciting for investors this year, but Miranda Zhuang – a Bank of America analyst – recommends owning it for the long term. Zhuang is bullish on BIDU shares primarily because the Beijing-headquartered firm has already launched fully autonomous vehicle operations in China. Moreover, Baidu is fully committed to expanding its robotaxi services internationally, which she's convinced will drive incremental revenue growth in the years ahead. Integrating artificial intelligence will help BIDU reinvigorate growth in its advertising business as well, according to the BofA analyst. Miranda Zhuang currently has a 'Buy' rating on Baidu shares and a price target of $100, indicating potential upside of another 18% from here. Other Wall Street firms also expect BIDU shares to extend gains as the Chinese tech behemoth continues to tap on artificial intelligence in pursuit of lower costs and higher returns. At the time of writing, the consensus rating on Baidu stock sits at 'Moderate Buy' with the mean target of about $105 indicating potential upside of some 22% from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Scout Exec Sees Opportunity In Rivian Layoffs
Scout Exec Sees Opportunity In Rivian Layoffs originally appeared on Autoblog. Rivian last week laid off 140 employees, representing about 1% of its workforce, prompting Jacopo Marzetti, head of logistics at Scout Motors, to encourage them to apply at the Volkswagen Group brand, which aims to launch its first electric vehicles in 2027. "Sympathy and support to the employees impacted by the latest Rivian layoffs," Marzetti wrote Monday in a LinkedIn post. "Have a look to the Scout Motors career website and apply directly to join our team." The post included a link to the Scout career site, which listed 127 job openings at the time of publication covering areas ranging from sales and management of parts supplies, to software development and vehicle engineering. TechCrunch reported last week that most of the Rivian layoffs affected the automaker's manufacturing team, and that employees were being encouraged to apply to other open positions within the company. Both Rivian and Scout are in the midst of production ramp-ups. Rivian is looking to start manufacturing its R2 electric SUV in 2026. First shown in 2024, the R2 is a smaller model with a targeted base price of $45,000 that could open up a wider audience for Rivian, making it key to the automaker's continued development. Scout, meanwhile, is trying to get its first products to customers. A revival of the classic International Harvester Scout name and ethos under the Volkswagen Group aegis, Scout plans to offer an SUV called the Traveler and a pickup truck called the Terra with a choice of all-electric or plug-in hybrid powertrains. The latter, dubbed Harvester, will use a naturally-aspirated four-cylinder engine to extend total range from the estimated 350 miles of all-electric Scout models to about 500 miles. Concept versions of both the Traveler and Terra were shown in late 2023, with designs expected to mostly carry over to production, which would create the closest rivals to the Rivian R1S and R1T we've seen so far. In addition to completing development work on the vehicles themselves, Scout must complete construction of a $2 billion South Carolina factory, which targets up to 200,000 vehicles a year, the brand has said. True to its name, Scout will take a different approach to Rivian—and other VW Group brands—with a body-on-frame platform for maximum authenticity. But Scout will have access to Rivian's zonal electrical architecture and software under a $5.8 billion joint venture between Rivian and the VW Group announced in late 2024. It's still unclear which production vehicles will benefit from this partnership, but Rivian's tech will be in the toolbox Scout can rummage through as it looks to complete development of its rugged new vehicles. Scout Exec Sees Opportunity In Rivian Layoffs first appeared on Autoblog on Jun 30, 2025 This story was originally reported by Autoblog on Jun 30, 2025, where it first appeared.