Lynn Hatem

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

Bunge Beats Second-Quarter Profit Estimates on Strong Processing Margins

Bunge Global topped second-quarter profit forecasts as strong oilseed processing margins offset softer conditions across the grain-trading sector.

Toyota Doubles Quarterly Profit to $9.4 Billion on Weak Yen, US Demand

Toyota nearly doubled fiscal first-quarter profit to $9.4 billion on a weak yen and strong US and India demand, while lifting its full-year sales forecast.

Jefferies Downgrades Apple to Underperform as All-Glass iPhone Reportedly Canceled

Jefferies downgraded Apple to underperform after supply chain checks suggested the company scrapped plans for a premium all-glass iPhone.

Metro Bank Customer Battles for £14,000 Refund After AI Chatbot Fraud

A Metro Bank customer is battling to recover over £14,000 taken in a scam that used stolen funds to buy credits for the AI chatbot Claude.

Peter Thiel Buys 1% Stake in Argentina’s Vista Energy, Worth $118 Million

Billionaire Peter Thiel has acquired a roughly 1% stake worth $118 million in Argentine oil producer Vista Energy, operating in the Vaca Muerta shale basin

GameStop Weighs Withdrawing Its Bid to Acquire eBay

GameStop is considering pulling its bid to acquire eBay, according to a Bloomberg News report, potentially ending an unexpected retail-commerce tie-up.

Berkshire Hathaway Rallies on Strong Earnings and Buyback, but Michael Burry Stays Out

Berkshire Hathaway shares rose on strong earnings and a big buyback under CEO Greg Abel, but investor Michael Burry signaled concern about its new era.

SanDisk Stock Slides as Memory-Chip Selloff Tests AI Rally

SanDisk shares fell as a memory-chip selloff tested this year's AI-driven rally, raising questions over stretched valuations and the durability of AI deman

Boeing Folds Flying-Taxi Venture Into Rival Archer Aviation for Equity Stake

Boeing is selling three eVTOL subsidiaries to Archer Aviation in exchange for an undisclosed equity stake, consolidating its flying-taxi ambitions.

Embraer Stock Surges on Booming Earnings and Record Backlog, Outpacing Boeing and Airbus

Embraer shares jumped after strong quarterly earnings and a record order backlog positioned the Brazilian jet maker to outpace Boeing and Airbus in growth.

Walmart and Target Earnings to Reveal Health of U.S. Consumer

Walmart and Target report quarterly earnings that will signal how U.S. shoppers are holding up against persistent inflation and shifting spending patterns.

Intel Upsizes Stock Offering to $20 Billion as Demand Locks Out a Third of Investors

Intel expanded its stock offering to $20 billion on strong demand, with a third of investors receiving no shares as it funds AI chip manufacturing.

Plug Power Stock Surges on Improved Margins as On Holding Tumbles

Plug Power shares jumped after improved margins in its latest quarterly results, while On Holding stock tumbled on disappointing guidance.

Nvidia Signs $500 Billion Wall Street Deal to Fund AI Infrastructure

Nvidia has partnered with six Wall Street firms including Apollo, BlackRock, Goldman Sachs and KKR to raise over $500 billion for AI infrastructure.

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