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

Douyu CEO Arrested in Chengdu Over Alleged Casino Operation

Chen Shaojie, the founder and CEO of the US-listed video game live-streaming platform Douyu International Holdings, has been arrested in Chengdu, Sichuan province, on...

Nio and Changan Automobile Collaborate to Enhance EV Battery Swapping Technology

Chinese electric vehicle (EV) maker Nio has embarked on a strategic partnership with Changan Automobile, one of China's state-owned automotive giants. This collaboration aims...

Baidu Strengthens Board and Ethical AI Commitment Amid Steady Revenue Growth

Baidu, a leading online search giant, is making significant strides in its business and ethical practices. In a recent development, Baidu announced the appointment...

Douyin Tightens Advertiser Screening Amid Increased Content Control in China

ByteDance's Douyin, the massively popular Chinese version of TikTok with over 600 million daily active users, is set to implement stricter controls on its...

China’s Broadcast Regulator Tightens Oversight on Short Web Drama Market

China's broadcasting authority, the National Radio and Television Administration (NRTA), is ramping up efforts to regulate the rapidly growing short web drama industry. This...

Taiwanese Consumers Navigate Tech Choices Amid China Tensions

In Taiwan, a fascinating consumer trend is emerging, particularly in the realm of technology. Despite ongoing political tensions with mainland China, Taiwanese consumers, like...

AI Revolution: Chinese and Hong Kong Businesses Poised for Growth

Companies in Mainland China and Hong Kong that are swiftly adopting artificial intelligence (AI) technology stand to see significant revenue boosts, particularly through improved...

Jack Ma Confident in Alibaba’s Future Amid Share Sale Plan

In response to the recent sell-off of Alibaba Group Holding's shares, Jack Ma's office has issued a statement expressing the Alibaba founder's unwavering confidence...

Qichacha Launches Overseas Platform After Passing China’s Data Export Security Assessment

Qichacha, a leading corporate database provider in China, has announced a significant step forward in its global expansion efforts. After successfully passing a rigorous...

IoT Tech Expo Global Returns to London: A Glimpse into the Future of IoT

The IoT Tech Expo Global is set to make a return to the vibrant city of London on 30th November and 1st December 2023....

Innovative Fusion at the Music Intelligence Summit in Beijing

In the heart of Beijing, the Central Conservatory of Music, in collaboration with the Chinese Association for Artificial Intelligence, has launched the Second Summit...

Global Science and Tech Collaboration Takes Center Stage: Belt and Road Conference in Chongqing

Belt and Road Conference on Science and Technology Exchange Set to Kick Off in Chongqing In a significant development for global science and technology collaboration,...

China’s Semiconductor Progress Defies US Restrictions

Despite intense geopolitical pressures and trade restrictions from the US, Chinese tech giants like Semiconductor Manufacturing International Corp (SMIC) and Huawei Technologies are making...

Huawei’s Resilient Growth Amidst US Sanctions in 2023

Huawei Technologies has displayed remarkable resilience, registering consistent revenue growth during the initial three quarters of 2023. This commendable performance is attributed largely to...

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