Khaled Ayoub

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

Burger King Overtakes Wendy’s as America’s Second-Largest Burger Chain

Burger King has overtaken Wendy's as America's second-largest burger chain by system-wide sales, powering profit growth at parent Restaurant Brands Interna

SpaceX Rebounds 11% as Argus Upgrade Backs Musk’s AI Investment Strategy

SpaceX shares jumped 11% after Argus upgraded the stock, backing its AI investment strategy and reversing recent investor concern over spending and lockup

Wall Street Climbs as Weaker July Jobs Report Eases Rate-Hike Concerns Among Investors

U.S. stocks climbed Friday after a softer-than-expected July jobs report eased concerns over further Federal Reserve rate hikes, lifting tech shares.

Twilio Shares Surge 31% After Earnings Beat as AI Tools Gain Traction

Twilio stock jumped about 31% after a stronger-than-expected earnings report, driven by growing adoption of its AI-powered customer engagement tools.

US Economy Sheds 23,000 Jobs in July as Rate Hike Bets Fade

The US economy lost 23,000 jobs in July as labour force participation slumped, prompting markets to cut bets on a September Federal Reserve rate hike.

SpaceX Shares Reverse Course as AI Spending Plans Rattle Investors

SpaceX shares reversed recent gains after the company unveiled aggressive AI spending plans, unsettling investors just days after its lockup expiration ral

Virginia Governor Moves to Intervene in Dominion-NextEra Merger Over Electricity Price Fears

Virginia's governor will file to intervene in the Dominion-NextEra Energy merger, citing concerns that the deal could raise electricity prices for consumer

Sweetgreen Cuts Full-Year Outlook as Cyclospora Fears Dampen Salad Sales

Sweetgreen lowered its full-year sales forecast and recalled jalapenos as a wider cyclospora outbreak dampens consumer demand, despite no direct link to th

AMD Acquires Chip Startup Taalas to Bolster AI Inference Ambitions

AMD has acquired Taalas, a startup that hardwires AI models into silicon, deepening its bet on the fast-growing AI inference market.

Trade Desk Shares Tumble on Second-Quarter Miss and Disappointing Guidance

Trade Desk shares dropped after the ad-tech firm posted a second-quarter revenue and earnings miss alongside disappointing guidance.

ConocoPhillips CEO Ryan Lance to Retire, CFO Andy O’Brien to Take Helm

ConocoPhillips CEO Ryan Lance will retire after 14 years, with CFO Andy O'Brien succeeding him September 1 as the producer posts its best profit since 2022

AppLovin Shares Plunge to 52-Week Low as Revenue Miss and Soft Guidance Rattle Investors

AppLovin shares fell about 20% to a 52-week low after quarterly revenue missed forecasts and guidance disappointed, overshadowing stronger-than-expected pr

FCC Scraps 39% Local TV Ownership Cap, Shifting to Case-by-Case Reviews

The FCC voted 2-1 to scrap the 39% national TV ownership cap in favor of case-by-case reviews, a move a dissenting commissioner called illegal.

Honeywell Aerospace Shares Plunge 21% After Weak Guidance Rattles Investors

Honeywell Aerospace shares fell 21% after the newly independent company missed quarterly earnings and cut its full-year outlook, unsettling investors.

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