Lynn Hatem

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

On Holding Cuts Sales Outlook as Consumer Demand Weakens, Shares Slide

On Holding shares slid after the Federer-backed sportswear maker cut its annual sales outlook and missed quarterly revenue estimates on weaker consumer dem

Luigi Mangione Returns to Manhattan Court Ahead of September Murder Trial

Luigi Mangione appeared in a Manhattan court ahead of his September 8 murder trial over the killing of UnitedHealthcare CEO Brian Thompson.

Freedom Holding Corp. Signs New Partnerships: How China Is Reshaping Kazakhstan’s Technology Agenda

Kazakhstan is gradually turning into a platform where international technology companies test joint digital projects of strategic importance for the entire Central Asian region.

Berkshire Shares Hit Highest Since Abel Took Over After Buybacks and Strong Earnings

Berkshire Hathaway shares rose to their highest since Greg Abel replaced Warren Buffett as CEO, lifted by stock buybacks and strong quarterly earnings.

Rocket Lab Flags Weaker Margins as Satellite Sales Grow and Neutron Costs Mount

Rocket Lab forecast weaker quarterly margins as lower-profit satellite sales and Neutron rocket costs weigh, while outlining plans to expand in Europe.

Rocket Lab Stock Falls Sharply From Peak as Analysts Split on Recovery Prospects

Rocket Lab shares have fallen about 57% from their peak, dividing analysts over whether the space company's decline is a buying opportunity or a warning si

US Health Officials Tighten Oversight of Food Ingredients but Defer Ultra-Processed Definition

US health officials moved to close a food ingredient loophole but again deferred defining ultra-processed foods amid mounting safety concerns.

SpaceX Shares Reclaim $135 IPO Price as Rally Extends Through Monday Close

SpaceX shares have climbed back to their $135 IPO price, recovering post-debut losses as a buying rally extended through Monday's close.

Nvidia and Wall Street Giants Plan $500 Billion Financing Push for AI Infrastructure

Nvidia is reportedly teaming with major Wall Street banks on a $500 billion financing push to fund the global buildout of AI infrastructure.

Vertex Shares Climb as Rival Sionna’s Cystic Fibrosis Drug Fails Key Trial

Vertex Pharmaceuticals shares surged after rival Sionna Therapeutics saw its stock plunge roughly 90% on a failed cystic fibrosis drug trial.

Sony and TSMC Plan $6.3 Billion Joint Venture to Produce Image Sensors in Japan

Sony and TSMC are set to invest about $6.3 billion in a joint venture to manufacture advanced image sensors in Japan, deepening their chip partnership.

Bristol Myers Squibb to Build $2.3 Billion Manufacturing Campus in Houston, Texas

Bristol Myers Squibb will build a $2.3 billion manufacturing campus in Houston, adding jobs and expanding its US production capacity amid an onshoring push

Intel Launches $15 Billion Stock Sale as Turnaround Rally Lifts Shares

Intel plans to sell about $15 billion in common stock after a 400% share rally, funding growth in AI, custom chips and advanced packaging.

TSMC Sales Surge 45% in July as AI Chip Demand Fuels Record Growth

TSMC posted a 45% surge in July revenue as demand for AI chips from customers like Nvidia and Google continues to drive record growth for the chipmaker.

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