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

Tesla Suffers Worst Weekly Slump Since 2022 After Missing Quarterly Earnings

Tesla shares fell nearly 18% this week after a quarterly earnings miss and negative cash flow, marking the automaker's steepest weekly drop since 2022.

Kuwait’s KPC Signs $16 Billion Pipeline Deal with Blackstone, Brookfield and KKR

Kuwait Petroleum Corporation has signed a $16 billion lease-and-leaseback deal with Blackstone, Brookfield and KKR to finance its oil pipeline network.

Jury Rules Live Nation and Ticketmaster Operated as an Illegal Monopoly, Overcharging Fans

A jury found Live Nation and Ticketmaster guilty of antitrust violations, ruling they operated as an illegal monopoly and overcharged fans. The verdict moves to a remedies phase, potentially leading to significant industry changes.

Judge Halts Nexstar-Tegna Merger Amid Antitrust Fears

Federal judge blocks Nexstar-Tegna merger over antitrust concerns, halting the $6.2 billion deal pending a trial. State AGs and DirecTV celebrated the ruling.

Grab Accelerates AI Delivery with Robot Acquisition and New Tech

Grab expands its AI delivery services by acquiring Infermove and launching its AI robot, Carri, to enhance efficiency and reduce costs in Southeast Asia.

Bill Ackman’s Pershing Square Launches $64 Billion Bid for Universal Music Group

Bill Ackman's Pershing Square Capital Management has made a $64.3 billion bid to acquire Universal Music Group, aiming to move its listing to New York and address perceived stock underperformance.

Rubis Explores Potential Merger with Trafigura’s Puma Energy Unit

French fuel distributor Rubis SCA is reportedly in talks to combine with Trafigura Group's Puma Energy unit in a potential cash and share deal valued up to €2.5 billion, aiming to expand its global reach.

Allbirds’ AI Pivot: From Sustainable Sneakers to Speculative Surge and Swift Sell-Off

Allbirds pivots to AI, sparking a massive stock surge driven by retail investors, only to face a swift sell-off as market reality sets in. Explore the dramatic rise and fall.

Marriott’s Autograph Collection Makes Grand Indian Debut with NoorMahal Palace in Karnal

Marriott International launches its Autograph Collection brand in India with the debut of the NoorMahal palace hotel in Karnal, offering a blend of heritage and modern luxury.

Telecom Giants Vie for SFR in Potential $24 Billion French Market Shake-Up

French telecom giants Bouygues, Orange, and Iliad are in advanced talks to acquire Altice's SFR for an estimated $24 billion, potentially leading to a major market consolidation.

Kailera Therapeutics Soars in Record-Breaking IPO, Fueling Obesity Drug Race

Kailera Therapeutics achieves a record-breaking $625 million IPO, positioning itself as a major player in the competitive obesity drug market with its innovative pipeline.

Goldman Sachs Enters Bitcoin ETF Arena With Novel Income-Generating Product

Goldman Sachs files for a Bitcoin Premium Income ETF, marking its entry into the crypto investment market with an income-generating strategy.

Kimberly-Clark Unveils New Structure and Leadership Post-Kenvue Acquisition

Kimberly-Clark Corporation announces its post-acquisition organizational structure and leadership team following the pending deal with Kenvue Inc., detailing new business segments and key executive appointments.

Disney Initiates Significant Layoffs, Impacting Marvel and Multiple Divisions

Disney implements significant layoffs impacting Marvel, ESPN, studios, and TV divisions as part of CEO Josh D'Amaro's streamlining efforts.

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