Companies

American Express Stock Falls 20% From December High as Expenses Climb

American Express shares trade near $310, about 20% below their December 2025 high, as rising expenses and slower earnings growth weigh on the stock.

Zhong Shanshan Net Worth 2026: The Water King Now Runs on Tea

Zhong Shanshan's net worth in 2026, how Nongfu Spring made him China's richest man, and why tea, not water, now drives his fortune.

Xi Jinping Urges China, US Youth to Advance Bilateral Cooperation

President Xi Jinping told students from 10 US universities he hopes young people will advance China-US cooperation in a reply to their letter.

China Tests Star-Based Navigation for Its 2030 Jupiter Mission

Chinese researchers tested stellar aberration navigation aboard the Tianhui-7 satellite in January, fixing its position to within 5km ahead of a 2030 Jupit

Hong Kong Cuts Subsidised Physiotherapy Places by a Third for 2027-28

Hong Kong's Education Bureau cut subsidised physiotherapy places by about a third for 2027-28 as graduates face a tightening job market

Super Micro Surges Premarket on Strong Outlook, H&R Block Jumps on Earnings

Super Micro Computer shares jumped premarket after raising its outlook, while H&R Block surged on strong earnings and CoreWeave and Coherent posted big mov

Eli Lilly Sues Six Companies Over Illegal Sales of Experimental Obesity Drug

Eli Lilly has sued six companies for allegedly selling versions of retatrutide, an experimental obesity drug still under clinical development and unapprove

FlightAware Withdraws Lawsuit Against Kalshi Over Flight-Cancellation Betting Markets

FlightAware has dropped its lawsuit accusing prediction-market platform Kalshi of using its data without authorization to power flight-cancellation betting

AbCellera Launches $200 Million Stock Offering, Pulling Shares Down After 44% Surge

AbCellera Biologics shares reversed after the company launched a $200 million public offering, unwinding a 44% rally driven by its hot flash treatment prog

Norway Wealth Fund Reveals $1.2 Billion SpaceX Stake, Posts Record $184 Billion Profit

Norway's sovereign wealth fund disclosed a $1.2 billion SpaceX stake for the first time while posting a record $184 billion profit.

Cava Beats Quarterly Estimates as Diners Avoid Lettuce Amid Food-Safety Scares

Cava Group topped quarterly expectations and reaffirmed its forecasts as sales grew despite some diners avoiding lettuce amid a summer of food-safety scare

Brad Lightcap Leaves OpenAI for New Venture Amid Executive Shakeup

OpenAI COO Brad Lightcap is departing to start his own company, extending a wave of senior executive exits at the AI lab.

Sea Limited Shares Surge 9% as Revenue Climbs 48% and Shopee Outlook Strengthens

Sea Limited shares rose about 9% after quarterly revenue climbed 48% and the company delivered a stronger outlook for its Shopee e-commerce business.

Barclays Downgrades Gap and Under Armour in U.S. Apparel Retailer Reshuffle

Barclays cut its ratings on Gap and Under Armour in a reshuffle of U.S. apparel retailers, citing limited upside amid uneven consumer demand.

Hims & Hers Shares Slide as Weight-Loss Expansion Squeezes Margins Despite Revenue Beat

Hims & Hers stock fell after beating revenue estimates but posting a loss, as its costly expansion into weight-loss treatments pressured margins.

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

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.

Trump Media Posts $238 Million Quarterly Loss, Pivots Back to Social Media Focus

Trump Media reported a $238 million second-quarter loss and announced plans to abandon crypto and betting ventures to refocus on its Truth Social platform.

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.

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