Companies

Shein Shares Fall Again in Hong Kong, Handing Backers 73% Valuation Drop

Shein shares slid 3-5% on their second day in Hong Kong, leaving early private backers with a 73% valuation drop from the IPO.

NBA Suspends Clippers Owner Ballmer, Strips Five Draft Picks Over Kawhi Deal

The NBA suspended Clippers owner Steve Ballmer for one year, stripped five first-round draft picks and fined the team $30 million over the Kawhi Leonard ca

New York City Bans AI for Students Through 8th Grade for One Year

New York City announced a one-year ban on AI tools for students through eighth grade, with new literacy classes and screen-time caps for older students.

Two Killed and Suspect Dead in Downtown Minneapolis High-Rise Shooting

Two people were killed and seven wounded, including three police officers, in a shooting at a downtown Minneapolis high-rise Wednesday. The suspect is dead

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

Warren Buffett Still Steers Berkshire Stock Picks as Abel Runs Company

Warren Buffett and portfolio manager Ted Weschler appear to be making Berkshire Hathaway's equity decisions while CEO Greg Abel runs operations.

State Farm Returns $5 Billion to Auto Policyholders Insured in 2025

State Farm will pay roughly $5 billion in cash-back dividends to auto policyholders insured in 2025. Here's who qualifies and how to check eligibility.

Shein Delays Hong Kong IPO to September After Four-Year Listing Struggle

Shein has pushed its Hong Kong stock market debut to no later than September 1, extending a four-year effort to go public across three cities.

Griffin Says Citadel Shed Over $4 Billion of Situational Awareness Bets

Ken Griffin told clients on August 21 that Citadel unwound more than 80% of the risk from its Situational Awareness acquisition, selling over $4 billion in

UK Watchdog Investigates Trainline, Virgin Atlantic Over Hidden Fees

Britain's CMA has opened investigations into Trainline, Virgin Atlantic and Red Driving School over hidden ticket fees, sending Trainline shares down 15%.

Samsung Unveils Up to $80 Billion Shareholder Return Plan After Chip Rebound

Samsung Electronics will discuss a shareholder return plan worth up to 110 trillion won (about $80 billion) at a Friday board meeting after an AI-driven ch

Ross Stores Jumps Premarket on Upbeat Forecast as Crypto Stocks Rally

Ross Stores rose premarket on Friday after an upbeat forecast, while Coinbase and other crypto-linked stocks rallied alongside Broadcom and BJ's Wholesale.

Cantor Fitzgerald Opens Prediction Market Trading to Institutional Clients on Kalshi

Cantor Fitzgerald will offer institutional clients trading on prediction market platform Kalshi, bringing hedge funds into event contracts for the first ti

Walmart Shares Slide as U.S. Sales Post Weakest Growth in Six Years

Walmart shares fell after reporting 2.6% comparable U.S. sales growth, its slowest in over six years, hit by falling drug prices and a soft profit outlook.

CK Hutchison Seeks $1.5 Billion From Panama Over Seized Canal Ports

CK Hutchison has launched arbitration against Panama, seeking over US$1.5 billion in damages over the takeover of two Panama Canal ports.

TJX Shares Drop as Quarterly Profit Guidance Falls Short of Estimates

TJX Companies shares fell after the off-price retailer forecast quarterly profit below estimates on soft demand, despite raising its full-year outlook.

Target Lifts Annual Forecasts as Fiddelke’s Turnaround Wins Back Shoppers

Target raised its full-year profit and sales outlook again as CEO Michael Fiddelke's store revamp and fresh merchandise draw customers back to the retailer

SK Hynix Unveils $28.6 Billion Share Buyback, Sending Stock Rallying

SK Hynix shares rallied after announcing a $28.6 billion share buyback and cancellation program, signaling confidence in surging AI memory demand.

Target Posts Second Straight Sales Gain and $994M Tariff Refund, but Stock Falls

Target reported a second straight quarter of comparable sales growth and a $994 million tariff refund, raising its outlook, but shares fell on the report.

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