Business

China Injects $54 Billion Into State Banks and Insurers to Steady Growth

China will inject $54 billion into state banks and insurers, announced September 6, to steady growth and lift equity investment as the economy cools.

Isar Aerospace Sends First Commercial Rocket to Orbit From Europe

German startup Isar Aerospace launched the first commercial rocket to orbit from continental Europe on Sunday, planning rapid satellite-deployment expansio

Delhi Hostel Collapse Kills One, Traps Up to 40 Students

A five-storey boys' hostel collapsed in New Delhi's Satya Niketan on September 6, killing one and trapping up to 40 people as rescue crews searched the rub

China Injects $54 Billion Into State Banks and Insurers to Steady Growth

China will inject $54 billion into state banks and insurers, announced September 6, to steady growth and lift equity investment as the economy cools.

Trump Asks Supreme Court Again to Restrict Mail-In Voting Before Midterms

The Trump administration renewed its Supreme Court appeal on Sunday to restrict mail-in voting, after a federal judge blocked new limits before November's

Alphabet Shares Drop 7% as AI Investment and Cloud Growth Raise Concerns

Alphabet’s stock fell 7.2%, marking its worst session since January 2024, after the company missed fourth-quarter revenue expectations and unveiled significant investment plans for...

AMD Shares Drop 6% Amid Disappointing Data Center Revenue

Advanced Micro Devices (AMD) saw its stock drop 6.3%, closing at $112.01, its lowest level since November 2023, after reporting data center revenue that...

Qualcomm Reports Strong Q1 Earnings and Positive 2025 Outlook

Qualcomm posted better-than-expected fiscal Q1 results, with strong revenue growth across its key markets. The company reported $3.41 in adjusted earnings per share, surpassing...

Salesforce Appoints Robin Washington as President, CFO, and COO

Salesforce has named Robin Washington as its new President, Chief Financial Officer, and Chief Operating Officer, effective March. Washington, a longtime board member and...

Disney Reports Strong Q1 Earnings Amid Streaming and Theme Park Challenges

Disney reported better-than-expected Q1 earnings, despite a slight decline in Disney+ subscribers. The streaming platform saw a 1% drop in total subscriptions, with international...

Immersive Sports Tech Company Cosm Expands with Global Ambitions

Cosm, an immersive sports-viewing technology company, is rapidly expanding across the U.S. and exploring international opportunities. The company has already built two dome venues...

Novo Nordisk Reports Strong Q4 Results and Optimistic 2025 Outlook

Novo Nordisk has faced challenges in recent months, including increased competition from Eli Lilly’s Zepbound and disappointing trial results for its obesity drug candidate...

Ford Reports Strong Q4 Earnings but Warns of Challenges Ahead in 2025

Ford Motor exceeded Wall Street expectations for the fourth quarter, reporting strong revenue and earnings. However, the company warned of a challenging year ahead...

LVMH Sees Watch and Jewelry Sales Rebound Amid Strong U.S. Demand

After a period of decline, LVMH’s watch and jewelry division experienced a rebound in sales during the latest quarter, with growth continuing into January....

Shein Boosts Product Safety Efforts as It Eyes London IPO

Shein is intensifying its efforts to improve its public image as the fast-fashion giant prepares for a potential London IPO later this year. In...

UPS Shares Drop 14% as Company Cuts Amazon Deliveries and Lowers Revenue Forecast

United Parcel Service (UPS) shares fell 14% after the company announced plans to reduce its Amazon delivery volume by more than half by the...

OpenAI in Talks to Raise $40 Billion, Valuation Could Hit $340 Billion

OpenAI is in discussions to raise up to $40 billion in a new funding round that could push its valuation to as high as...

Intel Reports Strong Q4 Earnings Despite Revenue Decline and AI Challenges

Intel reported better-than-expected earnings and revenue for the fourth quarter, but its outlook disappointed investors. Despite a 7% year-over-year revenue decline, the company exceeded...

Apple’s Soaring Profit Margins Driven by Growing Services Business

Apple’s latest earnings report highlights a shift in its growth strategy, with record-high profit margins driven by the expansion of its services business. In...

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