Business

Cava Beats Quarterly Estimates as Diners Avoid Lettuce Amid Food-Safety Scares

Cava Group topped quarterly expectations and reaffirmed its forecasts as sales grew despite some diners avoiding lettuce amid a summer of food-safety scare

Riot Platforms Surges on $9.1 Billion AI Compute Deal With Anthropic

Bitcoin miner Riot Platforms struck a 20-year, $9.1 billion compute deal with AI developer Anthropic, sending shares higher and highlighting the crypto-to-

CoreWeave Stock Jumps 10% as Revenue Doubles, Debt Hits $35 Billion

CoreWeave shares rose about 10% after revenue more than doubled on AI infrastructure demand, though the company carries roughly $35 billion in debt.

U.S. July Inflation Report Lands Wednesday, Shaping Fed’s Next Rate Move

The U.S. consumer price index due Wednesday is expected to show a modest July rise, giving the Federal Reserve a key signal on its next rate move.

Medicaid Ends Federal Funding for Gender-Affirming Care for Minors

The Trump administration will halt Medicaid and CHIP funding for gender-affirming surgeries and hormone treatments for transgender minors starting October

Dollar Tree Considers Selling Family Dollar Amid Struggles and Store Closures

Dollar Tree announced on Wednesday that it is considering selling its more grocery-focused Family Dollar brand. This comes after the company revealed plans to...

Chinese Entrepreneur Thrives with Traditional Noodle Restaurant Chain in Paris

A Chinese entrepreneur from Shandong province has successfully launched a restaurant chain in Paris, selling traditional Chinese noodles that started as a food truck...

Chinese Entrepreneur Thrives with Traditional Noodle Restaurant Chain in Paris

A Chinese entrepreneur from Shandong province has launched a successful restaurant chain in Paris, selling traditional Chinese noodles that began as a food truck...

CEO Jensen Huang Sparks Frenzy with Unconventional Autograph at Computex 2024

Images of Nvidia CEO Jensen Huang signing a woman's tight-fitting top at an expo in Taiwan have sparked a media and online frenzy. A...

China’s Real Estate Dilemma: A Decade-Long Correction Ahead, Says Economist

China's real estate market is bracing for a protracted period of adjustment, with the surplus of unsold homes expected to take over a decade...

China-Pakistan Textile and Apparel Summit: Strengthening Bilateral Trade and Cooperation

The China-Pakistan Textile and Apparel Executive Summit and Business Meetings, a landmark event in the textile industry, were successfully convened on December 15 in...

China’s New Gaming Rules Trigger $43.5 Billion Drop in Tencent’s Market Value

China's latest online gaming regulations cause a steep $43.5B decline in Tencent's market value, impacting shares of major tech firms in the industry.

UK Inflation Drops, Stirring Speculation of Rate Cuts and Rattling Bond Markets

November sees UK inflation falling sharply below expectations, signaling potential shifts in economic policies and market reactions.

Tesla Aggressively Cuts EV Prices in China, Surpassing BYD’s Reductions Amid Rising Market Competition

Tesla slashes EV prices in China, outdoing BYD's Han sedan cuts, as it navigates the world's largest EV market amid intense competition.

The Digital Dawn in Mongolia’s Nomadic Culture

In the serene expanse of the Mongolian steppe, where the sky stretches endlessly and the land sprawls without borders, a unique blend of tradition...

2023’s Top 10 Chinese Buzzwords: Reflecting Technological Advancements and Youth Culture

The linguistics journal Yaowen Jiaozi, published by the Shanghai Literature and Art Publishing Group, has unveiled the top 10 Chinese buzzwords of 2023, offering...

Chinese Entrepreneurs and Financiers Explore Business Opportunities in the Middle East

During the 7th Future Investment Initiative (FII) in Riyadh, Saudi Arabia, known as "Davos in the Desert," a notable interaction took place between Chinese...

US Commerce Secretary Calls for United Efforts to Prevent China’s Access to Advanced Semiconductors and AI Technologies

US Commerce Secretary Gina Raimondo delivered a compelling message at the annual national defense forum in Simi Valley, California, emphasizing the need for a...

China’s Esports Industry: Embracing Globalization and Cultural Exchange in 2023

China is rapidly emerging as a global esports powerhouse, evident in the recent surge of major international esports events slated for December in Chengdu,...

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