Business

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.

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.

DeepSeek Unveils Prover-V2 as R2 AI Model Anticipation Builds

Chinese AI start-up DeepSeek has generated renewed public interest with the unexpected release of its upgraded mathematics-focused model, Prover-V2, as anticipation builds for its...

Xbox Raises Console and Game Prices Amid Tariff Pressures

Microsoft’s Xbox division is raising the prices of its gaming consoles, accessories, and first-party games across major markets including the United States, Europe, the...

HSBC Chairman Mark Tucker to Retire After Eight Years, Successor Search Begins

Mark Tucker, the chairman of HSBC Holdings, has announced his intention to retire after eight years in the role. The bank confirmed in a...

Shoucheng Holdings Commits to Investing in 50 Robotics Firms in China

Shoucheng Holdings, a Hong Kong-listed car park operator under Shougang Group, is set to invest in approximately 50 robotics firms across China in the...

Shanghai Start-Up United InnoMed to Launch AI-Driven Heart Failure Device in Hong Kong

United InnoMed, a Shanghai-based medical device start-up, plans to collaborate with Hong Kong's medical institutions to conduct clinical studies for its artificial intelligence-driven device...

Hong Kong Stocks Rise Amid Trade Optimism and Strong Tech Earnings

Hong Kong stocks saw significant gains on Friday, driven by optimism surrounding potential trade talks between China and the US, as well as strong...

Hong Kong Banks Offer Exclusive Incentives to Attract Mainland Chinese Wealthy Clients

Hong Kong banks are intensifying their efforts to attract wealthy mainland Chinese clients, offering a range of incentives such as tickets to high-profile football...

U.S. Employment Growth Expected to Slow in April Amid Tariff Uncertainty

U.S. employment growth is expected to slow down in April, with the jobless rate remaining steady, reflecting a healthy yet moderating demand for labor....

Temu Adjusts Business Model in the U.S. Amid Tariff Changes and Policy Shifts

Temu, the shopping platform owned by Chinese e-commerce giant PDD Holdings, has adjusted its business model in the U.S. in response to retaliatory tariffs...

Australian Dollar Leads Gains as U.S.-China Trade Talks Boost Market Sentiment

The Australian dollar led the charge against the U.S. dollar on Friday, boosted by signals of a potential thaw in trade relations between the...

Oil Prices Rise Slightly on U.S.-China Trade Talk Hopes Amid OPEC+ Supply Concerns

Oil prices saw a slight uptick on Friday following news that China was open to discussing tariffs with the United States, fueling optimism that...

Chinese Car Manufacturers Adapt to EU Tariffs with Increased Sales of Plug-in Hybrids

Chinese automakers, including BYD and Chery, have ramped up sales of plug-in hybrid vehicles (PHEVs) in the European Union as a strategy to bypass...

JetBlue Pilot Union Opposes Domestic Partnership with United Airlines

JetBlue Airways is facing opposition from its pilot union over a proposed domestic partnership with another airline, which the union argues could significantly alter...

Trade Tensions and Global Markets: De-Escalation Hopes Boost Risk Sentiment

Markets were given a boost on Friday by the prospect of de-escalation in trade tensions between Beijing and Washington, lifting global stocks and improving...

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