Khaled Ayoub

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

Yum Brands Posts Mixed Quarterly Results as Cyclospora Outbreak Clouds Taco Bell Outlook

Yum Brands reported mixed second-quarter results while giving no update on a cyclospora outbreak tied to Taco Bell that threatens the chain's momentum.

Microsoft Beats Wall Street Estimates With $90 Billion in Quarterly Revenue on AI Growth

Microsoft posted $90 billion in quarterly revenue, beating Wall Street estimates on strong cloud growth and rising AI adoption, sending shares up nearly 3%

Shell’s Profit More Than Doubles to $9.84bn as Iran War Drives Up Energy Prices

Shell posted its best quarterly profit in four years at $9.84bn as the Iran war drove up oil and gas prices, reviving calls for a windfall tax.

Stellantis Returns to Profit on North America Rebound, but Shares Slide 5%

Stellantis swung back to profit in Q2 as North American demand tripled operating income, but weaker-than-expected results sent shares down about 5%.

Rolls-Royce Lifts Guidance as Defense Spending and AI Data Center Demand Fuel Growth

Rolls-Royce shares surged after the company hiked full-year guidance, driven by rising defense budgets and a more than 50% jump in AI data center power ord

Qualcomm Forecasts Soft Profit and Plans Price Hikes Amid Memory Shortage

Qualcomm forecast soft quarterly profit and said it will raise chip prices amid a memory shortage, as revenue from Apple continues to decline.

Zhongji Innolight Slips in Hong Kong Debut After Year’s Biggest IPO Amid AI Sell-Off

Zhongji Innolight shares fell up to 3% on their Hong Kong debut after the year's biggest IPO raised HK$53.4 billion, as AI sentiment cooled.

US Stock Futures Climb as Microsoft Surges on Strong Earnings After Fed Selloff

US stock futures climbed as Microsoft jumped on strong earnings, helping investors recover from a selloff after the Federal Reserve held rates steady.

Rheinmetall Q2 Revenue Jumps Nearly 70% as European Defense Spending Surges

Rheinmetall reported a nearly 70% surge in Q2 revenue and profit that beat forecasts, fueled by rising European defense spending and a growing order backlo

SoFi Shares Slide Despite Earnings Beat as Investors Question Cautious Guidance

SoFi Technologies shares dropped after topping earnings estimates, as investors focused on restrained guidance and its aggressive consumer lending push.

KLA Shares Tumble on Weak Guidance Despite Fourth-Quarter Earnings Beat

KLA Corporation shares tumbled after weak forward guidance overshadowed a fourth-quarter earnings beat, putting the chip-equipment maker on pace for its wo

Procter & Gamble Beats on Profit but Misses Sales as Consumers Tighten Spending

Procter & Gamble topped profit estimates but missed on revenue as flat volumes and cautious consumers prompted a muted fiscal 2027 outlook.

Oil Prices Slide as US-Iran Talks Fuel Hopes of Lasting De-escalation

Crude prices fell as Trump touted 'friendly talks' with Iran and Netanyahu arrived in Washington, raising hopes of ending the five-month conflict.

Grab Accelerates AI Delivery with Robot Acquisition and New Tech

Grab expands its AI delivery services by acquiring Infermove and launching its AI robot, Carri, to enhance efficiency and reduce costs in Southeast Asia.

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