Khaled Ayoub

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

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-

U.S. July Inflation Report Lands Wednesday, Shaping Fed’s Next Rate Move

The U.S. consumer price index due Wednesday is expected to show a modest July rise, giving the Federal Reserve a key signal on its next rate move.

US Existing Home Sales Fall 1.7% in July as Record Prices Deter Buyers

US existing home sales dropped 1.7% in July as record prices and the highest mortgage rates in a year kept many prospective buyers out of the market.

Reserve Bank of Australia Holds Cash Rate at 4.35%, Warns Further Hikes Remain Possible

The Reserve Bank of Australia held the cash rate at 4.35% but warned further hikes remain "quite possible" even as house prices continue to fall.

US Strategic Petroleum Reserve Falls Below 300 Million Barrels, Lowest Since 1983

The US Strategic Petroleum Reserve has fallen below 300 million barrels, its lowest since 1983, as oil prices rise on fading US-Iran deal hopes.

Oil Surges and Global Stocks Slide as Iran Vows Strait of Hormuz Stays Shut

Oil prices jumped and global stocks slid as Iran vowed the Strait of Hormuz would stay closed, raising fresh fears over energy supplies and inflation.

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