Lynn Hatem

Lynn Hatem covers world news, culture, and lifestyle for Beijing Times, following the stories and trends shaping contemporary life around the globe.

Treasury Buyback Plan Fails to Calm Markets as Bond Yields Rebound

U.S. bond yields rebounded within days of a Treasury buyback expansion, as JPMorgan warned the intervention only delays deeper problems.

UK Watchdog Investigates Trainline, Virgin Atlantic Over Hidden Fees

Britain's CMA has opened investigations into Trainline, Virgin Atlantic and Red Driving School over hidden ticket fees, sending Trainline shares down 15%.

Samsung Unveils Up to $80 Billion Shareholder Return Plan After Chip Rebound

Samsung Electronics will discuss a shareholder return plan worth up to 110 trillion won (about $80 billion) at a Friday board meeting after an AI-driven ch

Ross Stores Jumps Premarket on Upbeat Forecast as Crypto Stocks Rally

Ross Stores rose premarket on Friday after an upbeat forecast, while Coinbase and other crypto-linked stocks rallied alongside Broadcom and BJ's Wholesale.

Cantor Fitzgerald Opens Prediction Market Trading to Institutional Clients on Kalshi

Cantor Fitzgerald will offer institutional clients trading on prediction market platform Kalshi, bringing hedge funds into event contracts for the first ti

Unitree Soars Over 600% in Debut as First Humanoid Robot Firm on Mainland

Unitree Robotics shares surged as much as 620% on their Wednesday debut, the first humanoid robot firm to list on a mainland Chinese exchange.

Amazon Expands Drone Delivery to Nearly 500 US Cities This Year

Amazon announced Thursday it will extend drone delivery to nearly 500 US cities this year, carrying 5-pound packages in as fast as 30 minutes.

Trump’s Iran Threat Wipes Out Bessent’s Bond Rescue Within a Day

U.S. Treasury yields surged again Wednesday as Trump's Iran threat reversed the steadying effect of Bessent's expanded debt-buyback plan within a day.

Japan Exports Jump 23.2% in July, But Energy Costs Widen Trade Deficit

Japan's July exports jumped 23.2% on strong chip and auto shipments, but record imports and high energy costs extended its trade deficit for a third month.

Bessent Doubles US Long-Bond Buybacks as Surging Yields Rattle Markets

US Treasury Secretary Scott Bessent doubled long-bond buybacks on Tuesday to steady a strained debt market as surging yields lift borrowing costs.

Walmart Shares Slide as U.S. Sales Post Weakest Growth in Six Years

Walmart shares fell after reporting 2.6% comparable U.S. sales growth, its slowest in over six years, hit by falling drug prices and a soft profit outlook.

US Mortgage Rates Ease to 6.65%, Still Above Last Year’s Levels

The 30-year fixed U.S. mortgage rate slipped to 6.65% this week, Freddie Mac said Thursday, but rates remain higher than a year ago, limiting buyers.

CK Hutchison Seeks $1.5 Billion From Panama Over Seized Canal Ports

CK Hutchison has launched arbitration against Panama, seeking over US$1.5 billion in damages over the takeover of two Panama Canal ports.

U.S. Treasury Doubles Bond Buybacks as 10-Year Yield Tops 4.70%

The U.S. Treasury will more than double government bond buybacks to calm rising yields, pushing the 10-year rate back to 4.65% and lifting gold prices.

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