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

L3Harris Replaces CEO Kubasik After Conduct Probe, Names Sam Mehta

L3Harris removed CEO Christopher Kubasik after a conduct investigation and promoted insider Sam Mehta, sending shares of the defense contractor lower.

Woodside Scraps Long-Term Emissions Targets After 27% Profit Jump

Woodside Energy abandoned its long-term emissions and clean energy targets after reporting a 27% rise in sales profit to $1.67 billion amid the Iran confli

Strategy Earmarks $1.6 Billion Cash Pool for Bitcoin, Buybacks and Debt

Strategy has earmarked roughly $1.6 billion in cash for treasury operations, buybacks and debt, while leaving its Bitcoin holdings unchanged as prices rose

Zillow Settles FTC Claim It Paid Redfin to Stop Competing on Apartment Listings

Zillow has agreed to resolve FTC allegations it paid Redfin to stop competing for apartment rental listings, ending the antitrust litigation without a tria

Mike Ashley’s Frasers Group Lifts Hugo Boss Stake to 48%

Mike Ashley's Frasers Group has lifted its Hugo Boss shareholding to 48% after an offer of €38 per share, stopping just short of full control.

Baidu Revenue Falls 4% as AI Cloud Fails to Cover Ad Slump

Baidu posted a 4% drop in second-quarter revenue to 31.3 billion yuan on Tuesday, as AI cloud growth failed to offset a continued advertising decline.

Paramount and California Set Monday Talks to Settle Warner Bros. Lawsuit

Paramount and California's attorney general plan preliminary talks Monday to discuss settling an antitrust lawsuit over the proposed Warner Bros. Discovery

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.

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