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 Doubles Debt Buybacks to Steady Bond Market, Pushing Yields Lower

The U.S. Treasury will double its debt buyback operations for longer-term securities, steadying the bond market and sending yields lower on August 19.

TJX Shares Drop as Quarterly Profit Guidance Falls Short of Estimates

TJX Companies shares fell after the off-price retailer forecast quarterly profit below estimates on soft demand, despite raising its full-year outlook.

Target Lifts Annual Forecasts as Fiddelke’s Turnaround Wins Back Shoppers

Target raised its full-year profit and sales outlook again as CEO Michael Fiddelke's store revamp and fresh merchandise draw customers back to the retailer

SK Hynix Unveils $28.6 Billion Share Buyback, Sending Stock Rallying

SK Hynix shares rallied after announcing a $28.6 billion share buyback and cancellation program, signaling confidence in surging AI memory demand.

Target Posts Second Straight Sales Gain and $994M Tariff Refund, but Stock Falls

Target reported a second straight quarter of comparable sales growth and a $994 million tariff refund, raising its outlook, but shares fell on the report.

Moderna Stock Soars 50% After Melanoma Vaccine Succeeds in Phase 3 Trial

Moderna shares surged 50% after its cancer vaccine with Merck delayed melanoma recurrence in a late-stage trial, lifting the broader vaccine sector.

Cerebras Unveils New Server Chip to Speed AI Chatbots, Chase Post-IPO Comeback

Cerebras has launched a new server chip and system designed to accelerate AI chatbots and agents as it seeks a post-IPO comeback in a crowded market.

Quantexa Weighs UK or US IPO as Data Group Eyes Public Listing

British data group Quantexa is exploring a stock market listing in London or New York, in what could be a major UK technology IPO.

Costco Enters Medicare Market With SCAN Group Insurance Plans

Costco is entering the health insurance market, partnering with SCAN Group to offer Medicare Advantage plans to members starting in 2026.

Global Bond Rout Deepens, Turning U.S. Debt Load Into a Political Test

A deepening global bond sell-off is pushing U.S. Treasury yields higher, raising borrowing costs and turning America's debt load into a political test.

Rising U.S. Bond Yields Push Mortgage Rates Higher, Squeezing Home Buyers

Surging long-term U.S. Treasury yields are lifting mortgage and consumer borrowing costs, dealing a fresh blow to home buyers as the bond selloff deepens.

Disney Sues FCC Over Threats to ABC Broadcast Licenses

Disney and ABC have sued the FCC, alleging the regulator's early review of broadcast licenses is an unconstitutional attempt to influence news coverage.

Klarna Stock Plunges 20% as CFO Departs and Volume Outlook Trimmed

Klarna shares fell about 20% after the fintech trimmed its volume outlook and announced its CFO's departure, despite returning to quarterly profit.

Rising Bond Yields Drag S&P 500 Lower for Third Straight Session

Global bond yields climbed to multidecade highs and oil prices rose, pushing the S&P 500 lower for a third straight session as inflation fears returned.

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