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

Russian Firm Asks Kremlin to Place Nestlé’s Local Units Under State Control

A Russian company has asked the Kremlin to place Nestlé's local operations under temporary state management, the latest bid to seize Western corporate asse

Shein Slashes Hong Kong IPO Valuation to $25 Billion

Shein has slashed its Hong Kong IPO valuation target to as low as $25 billion, down sharply from earlier ambitions of $30-40 billion.

Alibaba Sells Gaming Arm Lingxi to Trustar Capital in $2 Billion Deal

Alibaba has agreed to sell gaming arm Lingxi Games to Trustar Capital in a deal reportedly worth over $2 billion as it prioritizes AI and e-commerce.

Wall Street Splits on Circle: TD Cowen Says Buy, Morgan Stanley Says Sell

TD Cowen initiated Circle at Buy while Morgan Stanley cut it to Underweight, exposing a deep Wall Street divide over the stablecoin issuer's valuation.

AstraZeneca Drops 7% on Report of $400 Billion Bristol Myers Merger Talks

AstraZeneca shares dropped 7% after reports of merger talks with Bristol Myers Squibb valuing the combined firm near $400 billion. Analysts question the fi

Humana Holds 2026 Profit Outlook at $9 Per Share, Disappointing Analysts

Humana beat quarterly estimates but kept its 2026 profit target at $9 per share, a level some analysts called disappointing as Medicare cost pressures pers

Cyclospora Outbreak Tied to Taco Bell Cuts US Lettuce Sales, Rattles Diners

A cyclospora outbreak tied to Taco Bell has cut US lettuce sales and kept diners away, overshadowing Yum Brands' quarterly earnings.

Bunge Beats Second-Quarter Profit Estimates on Strong Processing Margins

Bunge Global topped second-quarter profit forecasts as strong oilseed processing margins offset softer conditions across the grain-trading sector.

Metro Bank Customer Battles for £14,000 Refund After AI Chatbot Fraud

A Metro Bank customer is battling to recover over £14,000 taken in a scam that used stolen funds to buy credits for the AI chatbot Claude.

Peter Thiel Buys 1% Stake in Argentina’s Vista Energy, Worth $118 Million

Billionaire Peter Thiel has acquired a roughly 1% stake worth $118 million in Argentine oil producer Vista Energy, operating in the Vaca Muerta shale basin

GameStop Weighs Withdrawing Its Bid to Acquire eBay

GameStop is considering pulling its bid to acquire eBay, according to a Bloomberg News report, potentially ending an unexpected retail-commerce tie-up.

Berkshire Hathaway Rallies on Strong Earnings and Buyback, but Michael Burry Stays Out

Berkshire Hathaway shares rose on strong earnings and a big buyback under CEO Greg Abel, but investor Michael Burry signaled concern about its new era.

Boeing Folds Flying-Taxi Venture Into Rival Archer Aviation for Equity Stake

Boeing is selling three eVTOL subsidiaries to Archer Aviation in exchange for an undisclosed equity stake, consolidating its flying-taxi ambitions.

Embraer Stock Surges on Booming Earnings and Record Backlog, Outpacing Boeing and Airbus

Embraer shares jumped after strong quarterly earnings and a record order backlog positioned the Brazilian jet maker to outpace Boeing and Airbus in growth.

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