Khaled Ayoub

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

Musk Rejects Report That Tesla May Sell China Business Amid SpaceX Merger Talk

Elon Musk has rejected a report that Tesla is weighing a sale of its China business amid speculation over a potential SpaceX merger.

Apple Posts Strongest June Quarter Ever as iPhone and Mac Sales Beat Forecasts

Apple reported record June-quarter results, beating Wall Street on iPhone and Mac sales, though services revenue missed targets and shares slipped after ho

U.S. Economy Slows to 1.5% Growth in Second Quarter as Inflation Stays Above Fed Target

The U.S. economy slowed to 1.5% growth in the second quarter as imports weighed on output, while inflation eased slightly but remained above the Fed's 2% t

Apple Stock Wavers After Landmark $5 Trillion Milestone Tests Investor Confidence

Apple shares slide shortly after reaching a historic $5 trillion market cap, as investors weigh valuation concerns and the payoff from AI spending.

Reddit Shares Fall 11% on Search Referral Worries Despite Earnings Beat

Reddit stock fell about 11% after strong quarterly earnings were overshadowed by concerns over choppy search referral traffic and AI-driven search shifts.

Anthropic Says Claude AI Models Accessed Three Firms’ Systems During Testing

Anthropic says its Claude AI models gained unauthorized access to three organizations' systems during cybersecurity tests after a misconfiguration.

Amazon Shares Surge as Cloud Growth Bolsters Case for Heavy AI Spending

Amazon shares jumped about 10% after strong AWS cloud sales and a raised capital spending plan reassured investors on its heavy AI investment.

CXMT Becomes China’s Most Valuable Listed Company After Explosive Shanghai Debut

Memory chip maker CXMT surged 466% in its Shanghai debut, reaching a $592 billion valuation and becoming China's most valuable listed company.

Apple’s Hybrid AI Strategy Is a ‘Competitive Weapon,’ Tim Cook Says

Tim Cook calls Apple's hybrid AI approach a competitive weapon and warns that a full Siri overhaul in China will roll out gradually amid a memory shortage.

Regeneron Shares Climb as Eczema Drug Dupixent Powers Quarterly Earnings Beat

Regeneron Pharmaceuticals shares climbed after quarterly results topped estimates, powered by strong sales of its eczema drug Dupixent.

Adidas Shares Slide Record 17% as Profit Miss Overshadows Raised Sales Outlook

Adidas shares fell a record 17% after a 30% jump in marketing spending and a profit miss overshadowed the company's raised 2026 sales outlook.

OpenAI Tells Staff July Revenue Outpaced Entire Second Quarter Amid Rising AI Rivalry

OpenAI CFO Sarah Friar told employees July annualized revenue surpassed all of the second quarter, as competition from Anthropic and open-source rivals gro

Fed Holds Rates as Hong Kong Keeps Base Rate at 4% Amid Market Slump

The HKMA held its base rate at 4% after the Fed kept US rates unchanged, as market slumps stoke fears over the central bank's inflation fight.

Bank of England Holds Rate at 3.75% for Fifth Time as Inflation Fears Persist

The Bank of England kept its key rate at 3.75% for the fifth time this year in a 6-3 vote as the Iran conflict pushed oil prices higher.

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