Business

Super Micro Surges Premarket on Strong Outlook, H&R Block Jumps on Earnings

Super Micro Computer shares jumped premarket after raising its outlook, while H&R Block surged on strong earnings and CoreWeave and Coherent posted big mov

US Mortgage Rates Stop Rising, Nudging Homebuyer Demand Back

US mortgage rates eased slightly this week, halting a run of increases and drawing modest homebuyer and refinance demand back into a subdued market.

Eli Lilly Sues Six Companies Over Illegal Sales of Experimental Obesity Drug

Eli Lilly has sued six companies for allegedly selling versions of retatrutide, an experimental obesity drug still under clinical development and unapprove

Tencent Beats Revenue Estimates on Games and AI Ads Despite 26% Stock Slide

Tencent topped revenue expectations on gaming and AI-driven advertising, even as shares fell 26% amid rising AI spending and fierce competition in China.

FlightAware Withdraws Lawsuit Against Kalshi Over Flight-Cancellation Betting Markets

FlightAware has dropped its lawsuit accusing prediction-market platform Kalshi of using its data without authorization to power flight-cancellation betting

Tata Motors: Pioneering the Global Electric Vehicle Revolution

Tata Motors, the foremost electric car manufacturer in India, is spearheading a drive to test its electric vehicles (EVs) in select global markets. The...

Topless Male Manicurists: China’s Salon Sparks Debate with Bold Marketing Move

In an age where unconventional marketing strategies often gain the most traction, a manicure salon in Kunming, located in China's southwestern Yunnan province, has...

Alibaba’s AI Evolution: The Public Release of Tongyi Qianwen

Introduction In the fast-paced world of artificial intelligence, Alibaba Group is making significant strides by enhancing its focus on AI technologies. The company's recent announcement...

Germany Blocks China’s Bid for Satellite Startup KLEO Connect

Introduction On a recent Wednesday, the German government made a decisive move to block a full acquisition attempt by a Chinese company of the satellite...

European Commission Probes Chinese EV Subsidies: A Game-Changer for Auto Industry?

On Wednesday, the European Commission launched a significant probe to determine whether there's a need to levy punitive tariffs on Chinese electric vehicle (EV)...

ABB’s Strategic Swedish Robotics Investment: A Reflection of Global Production Shifts

In a recent announcement, ABB, a leading Swiss engineering and technology group, revealed its decision to allocate a sum of $280 million to establish...

Tencent Gears Up to Launch Mobile Edition of Bandai Namco’s Blue Protocol

In a strategic move that could reshape its international gaming dynamics, Tencent Holdings, the global gaming behemoth, has successfully acquired the rights to develop...

China’s Economic Transition: A Deep Dive into Evolving Consumer Behavior

In the bustling heart of Beijing lies a vast wholesale market named Daliushu Guanxin. Stretching across an expansive area, the market has a tapestry...

China’s August Exports Experience Drop Amid Global Economic Concerns

In August, China saw a 8.8% decrease in exports, settling at US$284.9 billion. Despite this decrease being less sharp than the 14.5% fall witnessed...

CNKI Faces Heavy Fine for Data Mismanagement Amidst China’s Tightened Cybersecurity Measures

China’s largest academic research database, the China National Knowledge Infrastructure (CNKI), has once again made headlines. This time, it's for its illegal data handling...

The Future of Fashion: Cooling Apparel in a Warming World

In the blistering heat of Qatar's summer, thousands of construction workers have adopted a unique two-minute ritual: they drench their uniforms in water. This...

Chinese EV Expansion in Europe: Threat for Automakers, Opportunity for Suppliers

The relentless march of globalization, fueled by technological advancements, has blurred the boundaries between nations, economies, and industries. Nowhere is this clearer than in...

China’s Economic Future: The Intersection of Reform, Crisis, and Stagnation

A Decade of Aspiration: Chinese President Xi Jinping’s inaugural reform plans, outlined about a decade ago, were among his most audacious, setting the path for...

BMW’s “Neue Klasse”: A Historic Revival for Modern Electric Ambitions

BMW, the famed German automaker, is once more gravitating towards the iconic "Neue Klasse" nameplate, this time signifying its electric aspirations. With this move,...

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