Lynn Hatem

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

Hims & Hers CEO Rejects FTC Lawsuit, Says Regulators Misunderstand Business

Hims & Hers CEO Andrew Dudum has pushed back against an FTC lawsuit, arguing regulators misunderstand the telehealth company's disruptive business model.

Einride Adds 500 Tesla Semi Trucks to Expand North American Fleet

Einride will deploy 500 Tesla Semi electric trucks across North America, one of the largest commitments to the vehicle as it forecasts faster growth.

Home Depot Beats Q2 Estimates and Backs Outlook Amid Frozen Housing Market

Home Depot topped Wall Street forecasts with $47.86 billion in Q2 revenue as customers focused on smaller projects, reaffirming its full-year guidance.

Shein Slashes Hong Kong IPO Valuation to $25 Billion

Shein has slashed its Hong Kong IPO valuation target to as low as $25 billion, down sharply from earlier ambitions of $30-40 billion.

Treasury Yields Climb as Investors Brace for Fed Minutes and Jackson Hole

U.S. Treasury yields climbed as investors awaited Federal Reserve meeting minutes and the Jackson Hole symposium for clues on the interest rate path.

Indonesia Quake Kills 54 on Flores, Leaving Thousands Awaiting Aid on Independence Day

A magnitude-7.7 earthquake on Indonesia's Flores island has killed at least 54 people, displacing thousands who remain without aid on Independence Day.

Alibaba Sells Gaming Arm Lingxi to Trustar Capital in $2 Billion Deal

Alibaba has agreed to sell gaming arm Lingxi Games to Trustar Capital in a deal reportedly worth over $2 billion as it prioritizes AI and e-commerce.

China Retail Sales Grow Just 0.6% in July as Investment Slump Deepens

China's retail sales rose just 0.6% in July, missing forecasts, while industrial output slowed and fixed-asset investment fell, underscoring economic weakn

Ferrari’s First Electric Car, the Luce, Sells for Record $40 Million

Ferrari's first fully electric car, the polarizing Luce, has sold for $40 million at auction, far exceeding its original $640,000 list price.

Wall Street Splits on Circle: TD Cowen Says Buy, Morgan Stanley Says Sell

TD Cowen initiated Circle at Buy while Morgan Stanley cut it to Underweight, exposing a deep Wall Street divide over the stablecoin issuer's valuation.

AstraZeneca Drops 7% on Report of $400 Billion Bristol Myers Merger Talks

AstraZeneca shares dropped 7% after reports of merger talks with Bristol Myers Squibb valuing the combined firm near $400 billion. Analysts question the fi

Hyperscaler Debt Rush Lifts Bond Yields as Investor Demand Cools

Heavy borrowing by cloud and data-center giants to fund AI infrastructure is pushing corporate bond yields higher as investor demand cools.

Humana Holds 2026 Profit Outlook at $9 Per Share, Disappointing Analysts

Humana beat quarterly estimates but kept its 2026 profit target at $9 per share, a level some analysts called disappointing as Medicare cost pressures pers

Cyclospora Outbreak Tied to Taco Bell Cuts US Lettuce Sales, Rattles Diners

A cyclospora outbreak tied to Taco Bell has cut US lettuce sales and kept diners away, overshadowing Yum Brands' quarterly earnings.

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