Business

Hong Kong Finance Chief Says More Central Asian State Firms Plan Listings

Hong Kong Financial Secretary Paul Chan says more Central Asian state firms plan to list in the city as it expands Belt and Road market support.

OpenAI Ad Business Hits $1 Billion Annualized Revenue Run Rate

OpenAI's advertising business has reached a $1 billion annualized revenue run rate as it rolls out ad tools on ChatGPT for businesses worldwide.

10-Year Treasury Yield Breaks Out, Rattling Stocks and Testing Bessent

The 10-year Treasury yield has broken higher, pressuring stocks and raising the prospect of 5% as government borrowing and inflation weigh on markets.

Trump’s MAGA Inc. Spends $10 Million on Texas Senate Ad Blitz

MAGA, Inc. reported spending $10 million on ads in the Texas Senate race, its first major midterm outlay, pitting Ken Paxton against James Talarico.

Trump Presses Apple to Rename Lake Ontario ‘Lake America’ on Maps

U.S. Interior Secretary says Apple may change 'Lake Ontario' to 'Lake America' on its maps after Trump talk, following Google's switch for U.S. users.

Spotify Recovers After Major Outage as User Frustrations Surge

Spotify experienced a widespread service disruption on Wednesday morning, with around 50,000 users reporting issues through Downdetector. The outage began at approximately 6:20 a.m....

Temu Slashes U.S. Ad Spend Amid Tariffs as App Store Ranking Plummets

Temu, the Chinese online retailer known for its aggressive marketing and ultra-low prices, has drastically reduced its online advertising spend in the U.S., leading...

Heineken Raises Concerns Over Tariffs Despite Strong Revenue Growth

Heineken has shifted its outlook on U.S. tariffs, signaling rising concern over potential disruptions to its operations and future investments. Earlier this year, the...

U.S. Auto Inventory Shrinks as Tariff Concerns Fuel Surge in Vehicle Sales

Vehicle inventory levels in the U.S. are declining sharply as consumers rush to purchase cars and trucks ahead of potential price hikes caused by...

JPMorgan Chase Targets Customers in State Courts Over “Infinite Money” Glitch

JPMorgan Chase has escalated its legal campaign against individuals who exploited the 2024 “infinite money glitch,” a viral incident that enabled customers to access...

Proposed SNAP Cuts Threaten Low-Income Households and Retailers

The proposed reductions to the Supplemental Nutrition Assistance Program (SNAP), formerly known as food stamps, could significantly affect both low-income families and the retail...

Nissan Aims to Maximize U.S. Production Amid Auto Tariffs

Nissan Motor’s new leader for the Americas, Christian Meunier, has outlined a clear ambition to significantly increase vehicle production in the United States, particularly...

Airlines Cut Outlook Amid Economic Uncertainty and Weaker Travel Demand

Airline executives are becoming increasingly cautious as signs of a slowing U.S. economy and softer travel demand emerge. Delta Air Lines and Frontier Airlines...

Pfizer Discontinues Weight Loss Pill Development After Liver Injury in Trial

Pfizer announced on Monday that it would end the development of its experimental weight loss pill, danuglipron, after a patient in a clinical trial...

Goldman Sachs Beats Q1 Estimates with Strong Equities Trading Revenue

Goldman Sachs reported strong first-quarter results on Monday, surpassing analysts’ expectations thanks to a significant increase in equities trading revenue. The company posted earnings...

Trump’s Support for Automakers Boosts Stock Prices Amid Auto Tariffs

Shares of major automakers closed higher on Monday following comments from President Donald Trump, who expressed support for the industry in the wake of...

American Airlines to Offer Free Wi-Fi for Loyalty Members Starting in January

American Airlines has announced plans to provide free Wi-Fi to its AAdvantage loyalty program members starting in January. This move follows a growing trend...

Citigroup Reports Strong Q1 Performance with Higher Revenue and Profit

Citigroup reported stronger-than-expected results for the first quarter, posting earnings of $1.96 per share, beating analysts’ expectations of $1.85. The bank’s revenue reached $21.60...

Epic Universe Set to Transform Orlando’s Tourism and Economy

Epic developments are on the horizon for Orlando, as Universal prepares to open its newest theme park—Epic Universe—on May 22. This will mark the...

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