Khaled Ayoub

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

Bain Capital to Acquire Bubble Tea Chain Gong Cha from TA Associates and Others

Bain Capital has agreed to acquire global bubble tea chain Gong cha from TA Associates and other shareholders in a deal underscoring appetite for Asia's te

SpaceX Endorsement Lifts Nvidia Shares as Musk Commits to Its AI Chips

Nvidia shares rose after Elon Musk said SpaceX will use only Nvidia chips to build its AI, offering a high-profile boost amid ongoing valuation debates.

Sandisk Shares Slide as Revenue Forecast Falls Short of Elevated Wall Street Expectations

Sandisk shares dropped after its revenue forecast midpoint fell below analyst estimates, raising questions about elevated memory-sector valuations.

Google Chief Scientist Jeff Dean to Depart After 27 Years in AI Reshuffle

Google chief scientist Jeff Dean is leaving after 27 years amid a major AI restructuring, sending Alphabet shares down roughly 5%.

Circle Names BlackRock and Visa as Initial Arc Partners, Signaling Institutional Backing

Circle unveiled BlackRock, Visa and others as initial Arc blockchain partners as quarterly revenue rose and shares surged 6% on accelerating stablecoin cir

Amazon’s Zoox to Launch First Paid Robotaxi Service in Las Vegas on Aug. 10

Amazon-owned Zoox will begin charging for autonomous rides in Las Vegas on August 10, its first commercial market and a major step into the robotaxi race.

Eli Lilly Lifts Revenue Forecast as Obesity and Diabetes Drug Demand Surges

Eli Lilly lifted its full-year revenue forecast as surging Mounjaro and Zepbound sales widened its lead over Novo Nordisk in the weight-loss drug market.

SpaceX Shares Slide 10% as Surging AI Spending Overshadows First Earnings Report

SpaceX shares fell about 10% after its first earnings report revealed surging AI capital spending, even as Elon Musk moved up a $1 trillion revenue target

US and Japan Coordinate on Yen Support as Currency Weakness Raises Global Concerns

The US and Japan are moving toward rare coordinated action to prop up the weakening yen, with Washington leaning on the Federal Reserve to limit global spi

US Joins Japan in Rare Currency Intervention to Prop Up the Faltering Yen

The US has joined Japan in a rare coordinated currency intervention to support the faltering yen, with analysts questioning the reported use of euros.

Procter & Gamble to Acquire Supplements Maker Thorne in $3.8 Billion Deal

Procter & Gamble will acquire premium supplements brand Thorne for $3.8 billion, expanding its bet on the fast-growing health and wellness market.

AMD Targets Nvidia’s Data Center Dominance With Helios Rack-Scale System

AMD unveils Helios, a rack-scale system targeting Nvidia's data center dominance, even as its shares slide amid intense AI chip competition.

Pinterest Shares Slide as Cautious Revenue Outlook Overshadows Q2 Earnings Beat

Pinterest shares slipped as a lukewarm revenue forecast overshadowed a Q2 earnings beat, with advertising competition weighing on the company's growth outl

SoftBank Jumps 10% as Strong Earnings and AI Rally Lift Asian Tech Stocks

SoftBank shares surged around 10% after strong quarterly earnings and a Wall Street AI rally lifted Asian technology stocks, including Samsung and SK Hynix

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