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

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.

Moderna Stock Soars 50% After Melanoma Vaccine Succeeds in Phase 3 Trial

Moderna shares surged 50% after its cancer vaccine with Merck delayed melanoma recurrence in a late-stage trial, lifting the broader vaccine sector.

Quantexa Weighs UK or US IPO as Data Group Eyes Public Listing

British data group Quantexa is exploring a stock market listing in London or New York, in what could be a major UK technology IPO.

Costco Enters Medicare Market With SCAN Group Insurance Plans

Costco is entering the health insurance market, partnering with SCAN Group to offer Medicare Advantage plans to members starting in 2026.

Disney Sues FCC Over Threats to ABC Broadcast Licenses

Disney and ABC have sued the FCC, alleging the regulator's early review of broadcast licenses is an unconstitutional attempt to influence news coverage.

Klarna Stock Plunges 20% as CFO Departs and Volume Outlook Trimmed

Klarna shares fell about 20% after the fintech trimmed its volume outlook and announced its CFO's departure, despite returning to quarterly profit.

Hims & Hers CEO Rejects FTC Lawsuit, Says Regulators Misunderstand Business

Hims & Hers CEO Andrew Dudum has pushed back against an FTC lawsuit, arguing regulators misunderstand the telehealth company's disruptive business model.

Home Depot Beats Q2 Estimates and Backs Outlook Amid Frozen Housing Market

Home Depot topped Wall Street forecasts with $47.86 billion in Q2 revenue as customers focused on smaller projects, reaffirming its full-year guidance.

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