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.

Beauty Stocks Struggle as E.l.f. and Estee Lauder Report Disappointing Earnings

Beauty stocks experienced sharp declines this week as major companies reported underwhelming earnings and revised their sales outlooks downward. E.l.f. Beauty suffered its worst...

Super Bowl Ads Remain a Prime Investment for Brands Despite High Costs

Brands are investing heavily in Super Bowl 59 advertising, with commercial spots costing up to $8 million. Despite the steep price, industry experts argue...

ByteDance Unveils AI Model OmniHuman-1 for Realistic Video Generation

ByteDance, the technology powerhouse behind TikTok, has unveiled an advanced artificial intelligence (AI) model that is generating widespread attention for its ability to create...

Shein Lowers Valuation to $50 Billion for Potential London IPO

Online fast-fashion retailer Shein is preparing for a London stock market listing at a significantly reduced valuation of approximately $50 billion, nearly 25% lower...

Porsche Shares Drop 7% Amid Profit Warning and EV Market Challenges

Porsche AG’s shares fell 7% on Friday, marking the biggest drop among European companies and its worst trading day since going public. The sharp...

Stellantis Expands AI Partnership with Mistral to Enhance Industry Data Analysis

Stellantis, the world’s fourth-largest automaker, has announced an expansion of its strategic partnership with French artificial intelligence (AI) firm Mistral. This collaboration aims to...

Henkel Sells North American Retailer Brands Business to First Quality Enterprises

Henkel, the German consumer goods giant, has announced the sale of its North American retailer brands business to an affiliate of First Quality Enterprises,...

Legal & General Sells U.S. Protection Business to Meiji Yasuda for $2.3 Billion

Legal & General (L&G), the British life insurance company, has announced the sale of its U.S. protection business to Japan’s Meiji Yasuda for $2.3...

Gaw Capital and Patience Capital Acquire Tokyu Plaza Ginza in $1 Billion Deal

Real estate private equity firm Gaw Capital, in partnership with Singapore-based Patience Capital Group, has finalized the acquisition of Tokyu Plaza Ginza, a premier...

Saab Projects Strong Sales Growth as Global Defense Demand Rises

Swedish defense company Saab has projected organic sales growth of 12% to 16% for 2025, reflecting sustained demand for its defense equipment amid rising...

UK Low-Income Shoppers Struggle Amid Inflation and Weak Economy

In Southampton, England, shoppers like Deb Taylor and Antonia Alden are feeling the pressure of rising prices. Taylor, a 63-year-old cleaner, left a Primark...

Tesla Raises Model X Prices in the U.S. by $5,000 Amid Cost-Cutting Efforts

Tesla has raised the prices of its Model X vehicles in the United States by $5,000, according to an update on its official website....

DeepSeek’s AI Success Fuels Renewed Investor Confidence in Chinese Tech Stocks

The rapid rise of Chinese AI start-up DeepSeek is prompting investors to reassess the valuation of China’s technology sector, which has long traded at...

ClouDr Shares Rise as AI Integration Enhances Digital Healthcare Services

Shares of Chinese digital healthcare company ClouDr Group rose for a second consecutive day following the announcement of its integration with DeepSeek’s artificial intelligence...

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