Business

China Orders State Firms to Speed AI Rollout Across Manufacturing

China's SASAC directed central state-owned enterprises to accelerate AI adoption across manufacturing, from R&D to production and management.

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

China Sets 2030 Target for Public Cultural Services in 15th Five-Year Plan

China's Ministry of Culture and Tourism issued a 15th Five-Year Plan for public cultural services, setting 2030 targets and 18 key engineering projects.

China Unveils Publishing Industry Plan for 2026–2030 With 33 Major Projects

China's National Press and Publication Administration has issued a publishing industry plan through 2030, listing eight priority areas and 33 major project

Standard Chartered Analyst Raises Bitcoin Price Forecast, Sees $120,000 Target as Too Low

A Standard Chartered analyst, Geoffrey Kendrick, has revised his earlier prediction for Bitcoin’s price, now stating that his $120,000 target for the second quarter...

Shopify Reports Mixed Q1 Results with Soft Guidance for Q2

Shopify reported mixed first-quarter results, posting a larger-than-expected loss while achieving growth in revenue. The company announced a loss of 53 cents per share,...

Whoop Launches 5.0 and MG Devices with Enhanced Features and Battery Life

Whoop has unveiled two new wearable devices, the Whoop 5.0 and Whoop MG, designed to offer better performance, a more refined design, and extended...

Coinbase to Acquire Deribit for $2.9 Billion, Strengthening Global Crypto Derivatives Market

Coinbase has agreed to acquire Dubai-based Deribit, a leading crypto derivatives exchange, for $2.9 billion, making it the largest deal in the cryptocurrency industry...

Amazon Expands into Pet Medications with New Online Prescription Service

Amazon announced Thursday that it is now offering a service for pet owners to order prescriptions for their dogs and cats online. The service...

Elizabeth Holmes’ Appeal Denied, Leaving Supreme Court as Last Resort

Elizabeth Holmes, the former CEO of Theranos, has lost her bid to have her fraud conviction reheard. On Thursday, the 9th Circuit U.S. Court...

Palantir Joins Top 10 U.S. Tech Companies by Market Cap, Surpassing Salesforce

Palantir has officially entered the ranks of the top 10 U.S. technology companies by market cap, achieving a valuation of $281 billion. This marks...

Pinterest Surpasses Expectations in Q1 Earnings, Shares Jump 15%

Pinterest shares soared 15% in after-hours trading following the release of its first-quarter earnings, which exceeded expectations and offered an optimistic outlook for the...

Affirm Posts Strong Profits but Lower Revenue Guidance, Shares Drop

Affirm, a leader in the buy now, pay later (BNPL) market, reported stronger-than-expected earnings for the prior quarter but issued a revenue forecast for...

Lyft Boosts Share Buyback and Posts Strong Q1 Earnings

Lyft shares rose 7% after the company revealed it would boost its share buyback program to $750 million in its first-quarter earnings report. Following...

Ex-CEO of Celsius Network Sentenced to 12 Years for Fraud

Alexander Mashinsky, the former CEO of Celsius Network, was sentenced to 12 years in prison on Thursday after pleading guilty to two counts of...

SMIC Q1 Earnings Miss Estimates, Shares Drop Amid Production Challenges

Shares of Semiconductor Manufacturing International Corporation (SMIC), China’s largest contract chipmaker, dropped nearly 7% on Friday after its first-quarter earnings fell short of expectations....

Rivian Adjusts 2025 Targets Amid Tariffs, Surpasses Q1 Expectations

Rivian Automotive exceeded Wall Street expectations for the first quarter, yet it has adjusted its 2025 guidance for vehicle deliveries and capital expenditures due...

Banks Reluctant to Reverse Credit Card Fee Hikes After CFPB Rule Defeat

After a Consumer Financial Protection Bureau (CFPB) rule was overturned in federal court, banks have been hesitant to reverse the interest rate hikes and...

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