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.

23andMe Faces Buyout Offer from CEO Anne Wojcicki and New Mountain Capital

23andMe’s CEO, Anne Wojcicki, alongside New Mountain Capital, has submitted a proposal to take the struggling genetic testing company private. According to a recent...

Block, Affirm, and PayPal Expand Fintech Horizons Amid Growing Competition

Block, Affirm, and PayPal, three fintech pioneers from different eras of Silicon Valley, are now converging in their ambition to become comprehensive digital banking...

Yankees End 50-Year Facial Hair Ban, Players Can Now Grow Beards

For the first time in nearly half a century, the New York Yankees have lifted their long-standing ban on facial hair, allowing players to...

Novo Nordisk Resolves U.S. Shortage of Wegovy and Ozempic, Impacting Compounded Versions

The long-standing shortage of Novo Nordisk's weight loss medication Wegovy and diabetes treatment Ozempic in the U.S. has finally come to an end, according...

IMAX Targets $1.2 Billion Year with Strong Film Slate and Global Success

IMAX is on track for a potential $1.2 billion year, according to CEO Rich Gelfond. This would represent the company’s best box office performance,...

UnitedHealthcare Faces Investigation and Financial Struggles Amid Controversies

UnitedHealthcare is facing mounting challenges as it deals with a government investigation into its Medicare billing practices, pursues employee buyouts, and faces public criticism...

Bluebird Bio Sells to Carlyle and SK Capital for $30 Million

Bluebird Bio has agreed to sell itself to private equity firms Carlyle and SK Capital for approximately $30 million, signaling the end of its...

Geely’s Galaxy and Xpeng’s Mona 03 Challenge Tesla in China’s EV Market

Two electric vehicle models, designed for middle-income consumers in China, are emerging as Tesla’s strongest competitors, with more budget-friendly prices attracting cost-conscious buyers. Geely...

DeepSeek’s AI Breakthrough Shakes Global Markets

In 2022, under the pseudonym “an ordinary little pig,” the founder of AI start-up DeepSeek quietly donated 138 million yuan (US$19 million) to Chinese...

China’s Crystal Industry Faces Challenges Amid Economic Slowdown

Crystals, long believed to possess healing and fortune-enhancing properties, have captivated consumers worldwide. Social media platforms like TikTok have fueled the trend, with millions...

Doximity Shares Surge 36% Following Strong Quarterly Earnings

Doximity shares experienced a significant surge of 36% following the release of its fiscal third-quarter earnings, which outperformed Wall Street’s expectations. The digital platform...

Anduril Secures Funding at $28 Billion Valuation, Doubling in Value

Anduril, the defense technology company founded by Palmer Luckey, has secured a term sheet to raise capital at a valuation of $28 billion. The...

AEW to Remain a Private Family Business, Says Founder Tony Khan

All Elite Wrestling (AEW) founder Tony Khan has confirmed that the wrestling league will remain a privately held company, with no plans to go...

Ferrari-Inspired Casa Maranello Sells for $50.5M in Record-Breaking Florida Deal

A Ferrari-inspired mansion, Casa Maranello, has set a new real estate record in Delray Beach, Florida, with a $50.5 million sale. The lavish transaction...

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