Khaled Ayoub

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

Snap Shares Jump 10% on Earnings Beat and Upbeat Sales Forecast

Snap stock surged about 10% after topping second-quarter earnings estimates and issuing an upbeat sales forecast, aided by World Cup advertising demand.

Palantir, Snap and On Semiconductor Lead After-Hours Stock Moves on Earnings

Palantir, Snap and On Semiconductor were among the biggest after-hours stock movers following the latest round of quarterly earnings reports.

Apple Files Fresh Legal Challenge Against UK Demand for Encrypted iCloud Data

Apple has filed a new legal challenge at the Investigatory Powers Tribunal against a UK Home Office demand for back-door access to encrypted iCloud data.

Curium Strikes Deal Worth Up to $8 Billion to Acquire Lantheus, Expanding Radiopharma Reach

Curium has agreed to acquire Lantheus in a transaction valued at up to $8 billion, expanding its reach in the fast-growing radiopharmaceutical sector.

UBS Fined Over $150 Million by US Regulators for Anti-Money Laundering Failures

US regulators have fined UBS more than $150 million over anti-money laundering failures, adding to compliance pressures as the bank integrates Credit Suiss

Robinhood Plans NYSE Listing for Ventures Fund II, Targeting $200 Million IPO

Robinhood plans to list its early-stage venture fund RVII on the NYSE in a deal targeting about $200 million, opening private-market exposure to retail inv

Amazon Joins $3 Trillion Club as AI and Cloud Growth Power Market Rally

Amazon has surpassed a $3 trillion market valuation for the first time as AI optimism and cloud computing growth power a broad Wall Street rally.

Palantir Stock Rallies Ahead of Quarterly Results as Investors Weigh Lofty Valuation

Palantir shares climbed ahead of its quarterly results as investors weigh strong AI-driven growth against one of the steepest valuations in tech.

Visa to Acquire Fraud Intelligence Firm BioCatch in $2.4 Billion Cybersecurity Push

Visa has agreed to acquire fraud intelligence firm BioCatch for $2.4 billion, expanding its cybersecurity and behavioral biometrics capabilities.

SpaceX Faces First Earnings Test as Post-IPO Slump Rattles Investors

SpaceX prepares to report its first quarterly earnings as a public company amid a sharp post-IPO share decline, putting Elon Musk under fresh investor scru

Strategy Sells $105 Million in Bitcoin, Signaling Shift Toward Liquidity Priorities

Strategy has sold about $105 million in bitcoin, signaling a shift toward prioritizing liquidity over accumulation amid volatile crypto markets.

Tyson Foods Lowers Annual Profit Outlook as Tight Cattle Supplies Squeeze Beef Unit

Tyson Foods lowered its annual profit outlook as tight US cattle supplies squeeze margins in its beef business, the company's largest protein segment.

AstraZeneca in Talks to Acquire Bristol Myers Squibb in Near-$400 Billion Merger

AstraZeneca is in discussions to acquire Bristol Myers Squibb in a near-$400 billion merger that would create the world's fourth-largest drugmaker.

WestJet Flight Attendants Reach Tentative Wage Deal, Ending Disruptive Strike

WestJet flight attendants have reached a tentative wage deal with the carrier, ending a strike that grounded hundreds of flights across Canada.

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