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

SpaceX Rebounds 11% as Argus Upgrade Backs Musk’s AI Investment Strategy

SpaceX shares jumped 11% after Argus upgraded the stock, backing its AI investment strategy and reversing recent investor concern over spending and lockup

Joby Aviation Shares Climb 9% on Raised Guidance as eVTOL Peers Lag Behind

Joby Aviation shares rose about 9% after the eVTOL maker lifted its guidance, while peers Archer Aviation and EHang sat out the rally.

FAA Orders Crack Inspections for Hundreds of Boeing 737 Max Jets

The FAA has finalized a directive requiring crack inspections for 471 Boeing 737 Max jets, effective September 10, following reports in older models.

Nintendo Shares Jump 5% as Profit Surges on Game Software Sales and Raised Outlook

Nintendo shares rose about 5% after a quarterly profit surge driven by strong game software sales, the Mario movie, and rising Switch 2 optimism.

Virginia Governor Moves to Intervene in Dominion-NextEra Merger Over Electricity Price Fears

Virginia's governor will file to intervene in the Dominion-NextEra Energy merger, citing concerns that the deal could raise electricity prices for consumer

Sweetgreen Cuts Full-Year Outlook as Cyclospora Fears Dampen Salad Sales

Sweetgreen lowered its full-year sales forecast and recalled jalapenos as a wider cyclospora outbreak dampens consumer demand, despite no direct link to th

ConocoPhillips CEO Ryan Lance to Retire, CFO Andy O’Brien to Take Helm

ConocoPhillips CEO Ryan Lance will retire after 14 years, with CFO Andy O'Brien succeeding him September 1 as the producer posts its best profit since 2022

Celsius Shares Tumble as Flagship Brand Sales Slide, Yet Traders Bet on Rebound

Celsius Holdings stock dropped about 17% after quarterly results missed estimates on falling flagship brand sales, though options traders bet on a rebound.

AppLovin Shares Plunge to 52-Week Low as Revenue Miss and Soft Guidance Rattle Investors

AppLovin shares fell about 20% to a 52-week low after quarterly revenue missed forecasts and guidance disappointed, overshadowing stronger-than-expected pr

FCC Scraps 39% Local TV Ownership Cap, Shifting to Case-by-Case Reviews

The FCC voted 2-1 to scrap the 39% national TV ownership cap in favor of case-by-case reviews, a move a dissenting commissioner called illegal.

Honeywell Aerospace Shares Plunge 21% After Weak Guidance Rattles Investors

Honeywell Aerospace shares fell 21% after the newly independent company missed quarterly earnings and cut its full-year outlook, unsettling investors.

SpaceX Shares Rise as Insider Lockup Expiration Frees Millions of Shares to Trade

SpaceX shares rose 2.5% even as its first lockup expiration freed over 900 million insider shares to trade, following a $541 million quarterly loss.

Alphabet Launches 10-Part Bond Offering Seeking Up to $25 Billion to Fund AI Push

Alphabet has launched a 10-part bond offering seeking up to $25 billion to fund its expanding artificial intelligence infrastructure and data center buildo

Apollo Agrees to Buy UK Budget Airline EasyJet in £5.7 Billion Deal

US private equity firm Apollo has agreed to acquire British budget airline EasyJet for £5.7 billion (about $7.7 billion) after rival bidder Castlelake with

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