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

Boeing Reports Wider Second-Quarter Loss as Air Force One Charge Weighs on Results

Boeing reported a larger-than-expected second-quarter loss after taking a $280 million charge on its delayed Air Force One presidential aircraft program.

UPS Stock Rallies After Earnings Beat, Raised Outlook as Amazon Cuts Wind Down

UPS shares jumped after quarterly earnings beat estimates and the company raised its full-year revenue outlook as Amazon volume cuts and layoffs wound down

Cadence, Welltower Among Stocks Posting Biggest After-Hours Moves on Earnings

Cadence Design Systems, Welltower and Rambus were among the biggest movers in extended U.S. trading following fresh quarterly earnings reports.

JetBlue Overhauls Fare Structure, Retiring Core Brand for Segmented Ticket Options

JetBlue is retiring its Core economy brand and introducing tiered fares from basic economy to first class as airlines lean into segmented pricing.

Baker Hughes Beats Earnings as AI Power Demand Offsets Weaker 2026 Oilfield Spending

Baker Hughes topped earnings forecasts as AI data centre demand for power equipment offset a warning that oil and gas producers will cut spending in 2026.

Cracker Barrel Names David Deno CEO, Replacing Julie Masino After Logo Backlash

Cracker Barrel has named David Deno as CEO, replacing Julie Masino a year after a logo redesign sparked backlash and a stock decline.

SpaceX Shares Hit New Low Ahead of Earnings as Insider Selling Window Nears

SpaceX shares fell to a new low despite a successful Starship flight, as investors brace for earnings and a looming insider selling window.

Argenx Agrees $2.2 Billion Acquisition of Forte Biosciences to Bolster Autoimmune Pipeline

Argenx has agreed to acquire Forte Biosciences for about $2.2 billion to strengthen its autoimmune drug pipeline, sending Forte shares up roughly 39%.

AstraZeneca Chief Urges Western Drugmakers to Match ‘Chinese Speed’ as Shares Rise

AstraZeneca CEO Pascal Soriot warns Western drugmakers risk falling behind faster Chinese rivals as the company's shares rise ahead of earnings.

Brown-Forman Rejects Sazerac Takeover Approach as ‘Not Actionable’

Jack Daniel's maker Brown-Forman has rejected an unsolicited acquisition proposal from rival Sazerac, with its board deeming the approach 'not actionable.'

United Approached Delta About Merger Before Turning to American, Reports Say

United Airlines reportedly approached Delta about a merger last year before turning to American, highlighting pressure toward airline consolidation.

Shein Files for Hong Kong IPO After Swinging to Quarterly Loss Despite Revenue Growth

Shein has filed for a Hong Kong IPO after swinging to a quarterly loss despite revenue growth, marking a pivot from earlier London listing plans.

Apple and Megacap Tech Anchor Wall Street’s Busiest Earnings Week of the Quarter

Apple and megacap tech companies headline the busiest week of second-quarter earnings, testing a market where one firm is driving S&P 500 growth.

Logistics Stocks Slide After Texas Legal Ruling Rattles C.H. Robinson

Third-party logistics stocks dropped after a Texas legal case against C.H. Robinson raised concerns over freight broker liability across the industry.

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