Khaled Ayoub

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

US Wholesale Prices Flatten in July as Gas and Food Costs Fall

U.S. wholesale prices were flat in July, below expectations, as gas and food costs fell and annual producer inflation slowed to 4.7%.

US Mortgage Rates Fall to 6.67%, First Drop in Six Weeks

The average U.S. 30-year mortgage rate fell to 6.67%, its first decline in six weeks, though borrowing costs remain higher than a year ago.

Yen Weakens Again After Intervention Fades, But Japan Retains $1 Trillion Firepower

The yen is sliding again weeks after intervention faded, but Japan's roughly $1 trillion in reserves leaves room for further yen-buying, Goldman Sachs says

Oman Oil Spill Reaches Coast as Tanker Attacks Push Crude Higher

An oil spill from a stricken tanker has reached up to 40km of Oman's coast as fresh attacks on Gulf shipping push crude prices higher.

Cisco Stock Drops Despite Earnings and Revenue Beat on Wall Street

Cisco shares fell after hours despite beating Wall Street estimates on earnings and revenue, as investors focus on AI-driven networking demand and guidance

US Inflation Eases to 3.4% in July Despite Energy Price Shocks

US consumer inflation slowed to 3.4% in July 2026 despite energy price shocks, though costs for essentials remain elevated as the Fed weighs its next move.

Social Security COLA Could Reach 3.6% in 2027, Boosting Retiree Checks

A new estimate projects Social Security's cost-of-living adjustment could reach 3.6% in 2027, a larger raise than the 2.8% increase set for next year.

Gold Hits Two-Month High as Tamer Inflation Shifts Fed Rate Bets

Gold surged to a two-month high as tamer inflation data reshaped Federal Reserve rate expectations, drawing investors back into the rally.

Nebius Jumps 20% After Michael Burry Slams AI Stocks as Easy Shorts

Nebius shares surged 20% days after Michael Burry called AI stock shorts 'shooting fish in a barrel,' despite a -42% one-year return and rising credit risk

US Credit Card Debt Climbs to $1.26 Trillion, Nearing Record

US credit card balances rose to $1.26 trillion in Q2 2026, nearing last year's record high of $1.28 trillion, a New York Fed report shows.

US Mortgage Rates Stop Rising, Nudging Homebuyer Demand Back

US mortgage rates eased slightly this week, halting a run of increases and drawing modest homebuyer and refinance demand back into a subdued market.

Tencent Beats Revenue Estimates on Games and AI Ads Despite 26% Stock Slide

Tencent topped revenue expectations on gaming and AI-driven advertising, even as shares fell 26% amid rising AI spending and fierce competition in China.

Norway Wealth Fund Reveals $1.2 Billion SpaceX Stake, Posts Record $184 Billion Profit

Norway's sovereign wealth fund disclosed a $1.2 billion SpaceX stake for the first time while posting a record $184 billion profit.

Riot Platforms Surges on $9.1 Billion AI Compute Deal With Anthropic

Bitcoin miner Riot Platforms struck a 20-year, $9.1 billion compute deal with AI developer Anthropic, sending shares higher and highlighting the crypto-to-

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