Khaled Ayoub

Khaled Ayoub covers business and finance for Beijing Times, reporting on markets, companies, and the economic developments driving the global economy.

Bank of Korea Raises Rate to 3% in Second Straight Hike

The Bank of Korea raised its benchmark rate 25 basis points to 3.0% on Thursday, a second straight hike backed by a chip-led export boom.

Warsh Cuts Fed Statement to 130 Words, Drops All Rate-Cut Language

Fed Chair Kevin Warsh shortened the post-meeting statement to 130 words from 341, removing all mention of future rate cuts and hinting at higher-for-longer

Dollar Climbs, 2-Year Yields Rise After Warsh Signals Higher Rates

The dollar climbed and 2-year Treasury yields rose after Fed Chair Kevin Warsh's Friday speech emphasized delivering stable prices, lifting rate-hike bets.

Treasury Yields Hold Flat After Sticky PCE Data Ahead of Jackson Hole

The 10-year Treasury yield held flat Wednesday after core PCE inflation came in as expected, keeping Fed rate-hike bets intact before Jackson Hole.

Trump Lifts Tariffs on 300,000 Tonnes of Ground Beef for 90 Days

President Trump will allow tariff-free imports of up to 300,000 metric tonnes of ground beef for 90 days to ease U.S. prices amid a shrinking cattle herd.

Fed Officials Signal Rate Hike if Inflation Fails to Cool, Minutes Show

Federal Reserve minutes from the July meeting show officials divided on inflation, with growing support for raising interest rates if price pressures persi

Fed Minutes Gain Weight as Warsh Curbs Central Bank Communication

Federal Reserve minutes due Wednesday take on added significance as Chair Kevin Warsh curbs public communication, leaving markets starved for guidance.

Meta Faces Trial as States Allege Facebook, Instagram Addicted Children

U.S. states allege Meta designed Facebook and Instagram to addict children as a landmark trial begins, with the company warning of trillion-dollar exposure

Serve Robotics Stock Swings as Delivery Expansion Meets 400% Revenue Jump

Serve Robotics shares swung sharply as a DoorDash and Grubhub fleet expansion met a 400% revenue jump and widening quarterly losses.

Workday Surges on Report of $51 Billion Silver Lake Buyout Talks

Workday shares posted their best day in a decade on reports Silver Lake is in talks for a buyout valued at up to $51 billion, reviving the software trade.

Musk’s Memory-Chip Warning Sends Micron Past $1,000 as SanDisk Jumps 8%

Micron shares crossed $1,000 and SanDisk jumped 8% after Elon Musk flagged a memory-chip bottleneck, fueling optimism over AI-driven demand.

Apple Heads for Strongest June-Quarter Sales Growth in Five Years

Apple is on track for its strongest June-quarter sales growth in five years, driven by resilient iPhone demand and its expanding services business.

Japan’s Economy Grows Just 1.1% in Q2, Missing 2% Forecast

Japan's economy grew an annualized 1.1% in the second quarter, below the 2% forecast, as flat consumer spending and slowing exports weighed on growth.

JPMorgan Raises S&P 500 Year-End Target to 8,000 on Growth Optimism

JPMorgan has lifted its year-end S&P 500 price target to 8,000 from 7,800, citing resilient earnings and steady economic growth as key drivers.

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