Lynn Hatem

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

CXMT Posts 874% Revenue Surge in First Earnings Since Shanghai Listing

ChangXin Memory Technologies reported first-half revenue of 150.31 billion yuan, up 873.64%, in its first financial results as a listed company.

Tim Cook Rewired Apple Around Supply Chains, Proving You Need Not Be a Product Guy

Dismissed as "not a product guy," Tim Cook re-engineered Apple's operations into the world's most valuable company over 14 years as CEO.

Affirm Surges on Strong Outlook as CEO Flags $4.09 Gas Prices

Affirm shares jumped August 28 on an upbeat outlook, while CEO Max Levchin warned $4.09 gas prices are squeezing U.S. shoppers.

BioNTech Stock Tumbles 10% After Colorectal Cancer Vaccine Trial Fails

BioNTech shares dropped as much as 10% after terminating a colorectal cancer vaccine trial, with Moderna also falling 6% while Pfizer held flat.

Juul Wins FDA Clearance for Juul2 Device With Optional Age Verification

Juul Labs received FDA permission on August 28 to sell its Juul2 device, featuring optional age verification and updated tobacco and menthol cartridges.

Truist, Fifth Third Halt Sales of Mark Walter Insurer’s Products

Truist and Fifth Third paused sales of Delaware Life products this week as probes mount into the Mark Walter-controlled insurer, which denies any fraud.

PayPal Sinks 12% as Advent-Stripe Group Drops Buyout Pursuit

PayPal shares fell about 12% below $55 after an Advent-Stripe group abandoned its takeover pursuit, driving options volume to 134,092 contracts.

Rivian Shares Fall 6% as CFO Claire McDonough Departs for GE Vernova

Rivian stock dropped about 6% on Thursday after CFO Claire McDonough announced she would step down to join GE Vernova during the automaker's affordable-EV

US Appeals Court Backs Nevada Oversight of Kalshi Sports Prediction Markets

The Ninth Circuit ruled Kalshi cannot block Nevada oversight of its sports prediction contracts, lifting DraftKings and Flutter shares and setting up a Sup

Marvell Shares Fall 8% as AI Outlook Disappoints Despite 37% Revenue Jump

Marvell shares dropped 8% Friday after its fiscal 2028 outlook underwhelmed, despite 37% revenue growth, as investors questioned timing of a Google AI deal

Nvidia Earnings Beat Fails to Lift Broader Chip Sector This Week

Nvidia posted blockbuster results on August 28, but the wider chip sector closed mixed across the US, Europe and Asia, exposing a narrowing AI trade.

Nepal-Tibet Flood Kills 469, Leaves 39 Australians Missing and Rebuild Nearing $5 Billion

A glacier collapse on the China-Nepal border killed at least 469 people, left 39 Australians missing and could cost $5 billion to rebuild.

Gap Raises Profit Forecast, Names New Old Navy CEO as Shares Jump 9%

Gap raised its annual profit forecast and named a new Old Navy CEO on Thursday as shares jumped 9%, with the namesake brand outperforming.

Warsh Heads to Jackson Hole Without Clear Inflation Signal, Markets Watch Closely

Fed Chairman Kevin Warsh heads to Jackson Hole without a firm inflation position, as prediction markets bet he avoids mentioning rate cuts.

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