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The Hang Seng Index opened higher and continued to rise, with intraday gains widening to 2%.

2026-07-03

The Hang Seng Index opened higher and continued to rise, with intraday gains widening to 2%.

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2026-07-03

The Information reports Tesla told staff that from July 6 internal AI compute and model-call spending will be capped at $200 per employee per week, with any overage requiring approval. Engineers previously incurred weekly AI costs in the low thousand

The Information reports Tesla told staff that from July 6 internal AI compute and model-call spending will be capped at $200 per employee per week, with any overage requiring approval. Engineers previously incurred weekly AI costs in the low thousands. Tesla is consolidating AI on an internal platform called Bottle Rocket that integrates OpenAI, ANTHROPIC and XAI, shifting from decentralized use to company-level controls. Rapid cost growth from scaling AI for customer service, sales and automation prompted the budget cut; Meta, Uber and Walmart have also tightened AI spending. The change is notable for Tesla because Elon Musk has framed future value around AI products such as Robotaxi and Optimus rather than traditional vehicle sales, while Tesla revenue has been flat for two years.
2026-07-03

Japan's final services PMI for June was 52.2, compared to 51.8 in the previous month.

Japan's final services PMI for June was 52.2, compared to 51.8 in the previous month.
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