Lynn Hatem

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

Wayfair Posts Strongest U.S. Growth Since 2020 in Second-Quarter Turnaround

Wayfair reported its strongest U.S. sales growth since 2020 in the second quarter, signalling a rebound for the online home goods retailer.

Unitree Valued at Over 7.4 Billion Yuan Following IPO, Citic Estimates

Chinese robotics maker Unitree is expected to be worth more than 7.4 billion yuan (about $1 billion) following its planned IPO, according to Citic Securiti

Kimberly-Clark Cuts Annual Forecasts After China Social Media Disruption Hits Diaper Sales

Kimberly-Clark lowered its full-year forecasts after a social media disruption in China weighed on Huggies diaper sales and cut quarterly profit.

Caterpillar Profit Climbs as Data Center Buildout Powers Equipment Demand

Caterpillar's second-quarter profit rose on strong demand for power and construction equipment amid a nationwide data center buildout.

Pfizer Beats Quarterly Estimates on Strong Non-Covid Sales, Lifts Revenue Floor

Pfizer topped quarterly profit and revenue estimates on strong Eliquis demand, raising its revenue floor while cutting Covid product forecasts to $4 billio

BP Profits Surge 144% to $5.7 Billion on Higher Oil Prices and Refining Boom

BP reported a $5.7 billion second-quarter profit, a 144% surge that beat Wall Street expectations, driven by higher oil prices and stronger refining margin

Volvo Cars Sales Slip 4% Over Three Months as China Demand Weakens

Volvo Cars reported a 4% sales decline over the three months through July, weighed down by weakening demand in China amid intensifying competition.

El-Sayed and Stevens Square Off in Closely Watched Michigan Senate Primary

Michigan Democrats choose Tuesday between progressive Abdul El-Sayed and Rep. Haley Stevens in a closely watched Senate primary for Gary Peters' open seat.

CoreWeave Enters Indonesia with First Data Center in Asia-Pacific Region

CoreWeave announces its first Asia-Pacific data center in Indonesia, expanding AI computing infrastructure across Southeast Asia's growing digital market.

Walmart Shares Slip After Oppenheimer Downgrade Citing Difficult Short-Term Setup

Walmart shares fell after Oppenheimer downgraded the retailer and removed its price target, warning that high expectations leave little room for upside.

Broadridge Quarterly Profit Climbs on Strength in Investor Communications Segment

Broadridge Financial Solutions posted higher quarterly profit, driven by strength in its investor communications segment amid robust shareholder activity.

JPMorgan’s Dimon Spearheads Cross-Industry Coalition to Address Emerging AI Risks

JPMorgan CEO Jamie Dimon is spearheading a new cross-industry effort to tackle the risks posed by rapid advances in artificial intelligence.

CVS Beats Estimates and Raises Profit Forecast on Stronger Drug Revenues

CVS Health topped earnings estimates and raised its annual profit forecast on stronger drug revenues, unveiling a new Eli Lilly collaboration for Zepbound

AMD Shares Tumble Despite Earnings Beat as Investors Demand Bigger AI Payoff

AMD shares dropped about 8% in premarket trading despite beating expectations, as investors demanded bigger returns from its AI chip business.

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