Khaled Ayoub

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

Author's Latest

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.

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%