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

SoftBank Profit Falls 18% as Rising Costs Offset Gains from Intel Stake

SoftBank Group reported an 18% fall in fiscal first-quarter profit as rising costs offset an $8.2 billion gain from its Intel stake and AI investments.

Hertz Stock Surges as Pricing Strength Narrows Second-Quarter Loss

Hertz shares surged after the car rental company narrowed its second-quarter adjusted loss, boosted by stronger pricing and tighter fleet management.

Warner Bros. Discovery Posts Streaming Gains but Soft Ad Sales Weigh on Revenue

Warner Bros. Discovery posted a 10% rise in streaming revenue but missed expectations on weak ad sales, as a proposed Paramount merger looms.

Restaurant Brands Beats Estimates as Burger King’s U.S. Sales Surge

Restaurant Brands International topped quarterly estimates as Burger King's U.S. same-store sales jumped 8.5%, signalling momentum in its turnaround.

Fox Beats Fourth-Quarter Estimates as World Cup Advertising Drives Record Revenue

Fox Corp. reported record fourth-quarter revenue driven by a surge in FIFA World Cup advertising, beating Wall Street estimates and lifting its shares.

UK Clears Paramount’s $81 Billion Warner Bros. Discovery Takeover, Clearing Major Hurdle

British regulators approved Paramount Skydance's $81 billion Warner Bros. Discovery takeover after binding commitments, though U.S. approval remains pendin

SpaceX Insider Lockup Expires, Freeing Billions in Shares as Stock Slide Caps Selling

SpaceX insiders gained their first chance to sell shares as an initial lockup expired, though a weak stock price will cap how much can be offloaded.

Diageo Shares Surge as New CEO Dave Lewis Unveils $1 Billion Cost-Cutting Plan

Diageo shares surged about 6% after new CEO Dave Lewis unveiled a $1 billion savings and restructuring plan to revive the spirits giant.

Bain Capital to Acquire Bubble Tea Chain Gong Cha from TA Associates and Others

Bain Capital has agreed to acquire global bubble tea chain Gong cha from TA Associates and other shareholders in a deal underscoring appetite for Asia's te

Etsy to Cut 12% of Workforce in Restructuring Aimed at Long-Term Growth

Etsy will lay off roughly 12% of its staff in a restructuring effort to streamline operations and position the online marketplace for long-term growth.

Activist Investor Starboard Value Builds New Stake in Shake Shack

Activist investor Starboard Value has built a new stake in fast-casual chain Shake Shack, its latest move into the restaurant sector following bets on Star

E.l.f. Beauty Profits Nearly Double on $50 Million Tariff Refund Windfall

E.l.f. Beauty nearly doubled quarterly profit after a $50 million tariff refund and raised its annual forecasts, drawing fresh Wall Street upgrades.

Eli Lilly Lifts Revenue Forecast as Obesity and Diabetes Drug Demand Surges

Eli Lilly lifted its full-year revenue forecast as surging Mounjaro and Zepbound sales widened its lead over Novo Nordisk in the weight-loss drug market.

Procter & Gamble to Acquire Supplements Maker Thorne in $3.8 Billion Deal

Procter & Gamble will acquire premium supplements brand Thorne for $3.8 billion, expanding its bet on the fast-growing health and wellness market.

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