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

CVS Beats Estimates and Raises Profit Forecast on Stronger Drug Revenues

CVS Health topped earnings estimates and raised its annual profit forecast on stronger drug revenues, unveiling a new Eli Lilly collaboration for Zepbound

FDA Approves Moderna’s mFlusiva, the First mRNA Flu Vaccine for Older Adults

The FDA has approved mFlusiva, Moderna's mRNA-based flu shot for adults 50 and older, the first influenza vaccine built on mRNA technology.

DoorDash Stock Surges as Analyst Projects 45% Upside on Growing Order Volume

DoorDash shares jump as analyst Mark Mahaney projects 45% upside, citing growing order volume and an expanding subscriber base for the delivery platform.

Versant Raises 2026 Outlook as Platforms Business and Advertising Drive Earnings Beat

Versant Media raised its full-year 2026 guidance after a Q2 earnings beat driven by growth in its platforms segment and stronger advertising revenue.

Investors Rotate Toward Healthcare Stocks as Technology Trade Faces Growing Turbulence

Wall Street investors are rotating toward healthcare stocks for stability as the technology trade shows signs of strain and heightened volatility.

Eli Lilly Tops Estimates and Lifts Outlook as GLP-1 Drug Sales Surge

Eli Lilly beat quarterly estimates and lifted its 2026 revenue outlook to $85-$87 billion as Mounjaro and Zepbound sales surged 48%.

Uber Issues Soft Third-Quarter Outlook While Deepening Robotaxi Investment Push

Uber posted weaker-than-expected third-quarter guidance while pledging deeper investment in robotaxi and autonomous vehicle technology as a long-term growt

Citadel Posts Best Month in Years After Buying Situational Awareness Stocks at Discount

Ken Griffin's Citadel notched its strongest month in years in July after acquiring Situational Awareness's public stocks at a discount.

Under Armour Deepens Annual Sales Forecast Cut on Weak North America Demand

Under Armour lowered its full-year revenue forecast after first-quarter sales fell, citing weak North America demand and tariff pressures.

Berkshire Hathaway Profit Doubles as New CEO Abel Begins Deploying Cash Hoard

Berkshire Hathaway's quarterly profit doubled as new CEO Greg Abel accelerated share buybacks and began drawing down the conglomerate's massive cash pile.

Diageo Pursues Streamlined Strategy Under New CEO as India Flags Whisky Labelling Concerns

Diageo pursues a streamlined strategy under new CEO Dave Lewis while Indian regulators flag a potentially misleading whisky maturation claim.

Rockstar Energy Founder Builds Celsius Stake, Pushes Bid to Become CEO

Rockstar Energy founder Russ Savage has built a 4.7% stake in Celsius Holdings and is pushing to become CEO, sending the energy drink maker's shares higher

New Mexico Court Orders Meta to Pay $567 Million, Overhaul Youth Protections

A New Mexico court ordered Meta to pay $567 million and overhaul Facebook and Instagram to protect minors, bringing its total liability to $942 million.

Burger King Overtakes Wendy’s as America’s Second-Largest Burger Chain

Burger King has overtaken Wendy's as America's second-largest burger chain by system-wide sales, powering profit growth at parent Restaurant Brands Interna

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