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.

Hawaii Declares Emergency as Hurricane Lowell Nears Kauai and Niihau

Hawaii declared a state of emergency on Sunday as Category 3 Hurricane Lowell neared Kauai and Niihau, prompting a tropical storm warning and flooding fear

Fireworks Blast at Mexico Church Festival Kills 10, Injures 64

A fireworks explosion at a patron saint festival in Temascalcingo, central Mexico, killed at least 10 people and injured 64 on Saturday night.

NFL Extends Roger Goodell Through 2030 in Performance-Heavy Contract Deal

NFL commissioner Roger Goodell agreed to a four-year contract extension running through the 2030 season, with over 95% of pay tied to performance.

US Energy Secretary Wright Warns No Iran Nuclear Deal May Emerge

US Energy Secretary Chris Wright said on Sunday there may not be a nuclear agreement with Iran, as talks stall and military action continues.

Ant Group Launches AI-Powered Zhixiaobao App as Virtual Assistant for Daily Tasks

Chinese fintech giant Ant Group has introduced a new artificial intelligence (AI) app called Zhixiaobao, designed to function as a virtual assistant for daily...

You.com Raises $50 Million, Backed by Nvidia and DuckDuckGo, to Expand AI Search and Productivity Tools

You.com, the AI-powered search engine and productivity platform, has raised $50 million in a new funding round, bringing its total funding to $99 million....

HSBC to Issue $2.5 Billion in Convertible Securities Amid Global Bond Surge

HSBC Holdings announced plans to issue $2.5 billion in convertible securities next week, joining a global surge in investment-grade bond issuance. This move comes...

Country Garden Seeks Bond Payment Extensions Amid Plummeting Home Sales

Country Garden Holdings, one of China's largest property developers, is requesting a six-month extension on the coupon and principal payments for nine onshore bonds...

Dick’s Sporting Goods Exceeds Q2 Earnings Expectations but Falls Short on Full-Year Guidance

Dick’s Sporting Goods delivered a strong second-quarter performance, surpassing Wall Street's earnings estimates, but its revised full-year guidance left investors wary. Despite raising its...

Dollar Tree Shares Drop Over 22% After Lowering Full-Year Outlook Amid Rising Pressures

Dollar Tree’s shares dropped by more than 22% after the company cut its full-year outlook, citing growing pressures on middle- and higher-income customers, as...

Molson Coors Reverses DEI Policies Amid Broader Corporate Trend

Molson Coors has become the latest in a series of companies reversing or scaling back their diversity, equity, and inclusion (DEI) initiatives. In an...

Sports Media Rights Deals: Current Landscape and Future Prospects

In recent years, major sports leagues have secured long-term media rights deals, providing stability for both the leagues and media companies. The National Football...

European Companies Announce Major Job Cuts Amid Economic Pressures

The challenging economic environment across Europe, driven by high inflation and the ongoing conflict in Ukraine, has forced numerous companies to either freeze hiring...

European Markets Brace for Volatility Amid Global Growth Concerns and AI-Driven Tech Stock Slump

European markets are poised for a turbulent start on Wednesday, following significant losses in Asian stocks as concerns over the global growth outlook resurface....

Kamala Harris Proposes Tax Deduction for Small Businesses in New Economic Plan

Vice President Kamala Harris is set to announce a significant tax deduction proposal for small businesses, offering up to $50,000 in relief, a tenfold...

Nvidia Faces DOJ Antitrust Probe Amid Concerns Over AI Market Dominance

Nvidia, the leading player in artificial intelligence (AI) chip technology, is facing increased scrutiny from the U.S. Department of Justice (DOJ), which has deepened...

Japan’s Service Sector Sees Continued Growth in August Despite Global Economic Concerns

Japan’s service sector maintained its expansion in August, with activity bolstered by a rise in overseas sales, according to the latest survey data. The...

China’s Services Sector Growth Slows in August Amid Rising Costs and Weak Demand

Growth in China's services sector decelerated in August, despite the summer travel season, as companies faced mounting concerns over rising costs, according to a...

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