Aarav Shen
Aarav Shen is an esteemed journalist with over 15 years of experience reporting on business, finance, and economics. With a rich background that spans from Southeast Asia to the heart of Wall Street, Aarav offers a piercing global perspective on market dynamics and economic policy. His work, recognized for its depth and clarity, has shaped international dialogue, making him a trusted voice in a complex industry. Currently based in Hong Kong, he distills intricate financial trends into compelling narratives for a worldwide audience.
PwC Announces Layoffs of 1,500 Employees in the U.S. Amid Market Adjustments
PwC is laying off around 1,500 employees in the United States, which represents roughly 2% of its U.S. workforce. The company, which employs over...
Zalando Surpasses Expectations in Q1 with Strong Revenue and Customer Growth
Zalando, the European online fashion retailer, reported stronger-than-expected first-quarter results, driven by an increase in active customers and a positive start to the spring...
U.S. Dollar Struggles Amid Taiwan Dollar Surge and Trade Tensions
The U.S. dollar struggled to make gains on Tuesday as an unprecedented surge in the Taiwan dollar spilled over into other regional currencies, highlighting...
Philips Cuts Profit Forecast Amid U.S. Tariffs and Market Uncertainty
Philips, the Dutch healthcare technology company, has revised its profit margin forecast for 2025, citing the impact of U.S. tariffs on its products. The...
IBM Expands AI Presence with New Tools to Manage AI Agents
IBM has made a move to expand its presence in the competitive artificial intelligence market, unveiling new tools designed to assist customers in managing...
Shein and Temu Boost Digital Ads in Europe Amid U.S. Trade Challenges
Shein and Temu, two fast-fashion e-commerce platforms that primarily ship merchandise from China, have been shifting their digital advertising strategies in response to challenges...
Chinese Spending Rises During May Day Holiday, But Challenges Persist
Chinese travelers increased their spending by 8% year-on-year during the May Day holiday, reaching 180.27 billion yuan ($24.92 billion). However, this was still below...
Global Markets Tread Water Amid Tariff Concerns and Dollar Rebound
Global stock markets were largely range-bound on Tuesday, while the U.S. dollar rebounded slightly from recent losses against Asian currencies, as concerns about U.S....
OpenAI Keeps Nonprofit Control Amid Restructuring Changes
OpenAI has made a significant decision to reverse its restructuring plans, opting to maintain control under its nonprofit parent. This move is a direct...
Hinge Health’s Resilient Rise in Digital Physical Therapy
Mecklenburg, who initially met while pursuing PhDs in the UK. Their shared interest in healthcare innovation, inspired by personal experiences with injuries, led them...
Trump’s Crypto Fundraisers: A $1.5M Dinner and the $TRUMP Token Gala
President Donald Trump is hosting two crypto-focused fundraising events this month, each designed to generate millions of dollars for his campaign. The first is...
Hims & Hers Appoints Former Amazon Executive Nader Kabbani as COO
Hims & Hers Health announced the appointment of Nader Kabbani, a former Amazon executive, as its new chief operations officer. Kabbani, who spent nearly...
Function Health Acquires Ezra, Introduces Affordable Full-Body Scan
Blood testing startup Function Health has announced its acquisition of Ezra, a company specializing in full-body MRI scans, and introduced a new 22-minute scan...
Waymo to Double Robotaxi Fleet with New Arizona Plant
Alphabet-owned Waymo and auto manufacturing giant Magna International have announced plans to double the production of robotaxis at their new plant in Mesa, Arizona,...
