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

China’s Industrial Profits Suffer Seventh Consecutive Month of Decline Amidst Economic Challenges

China's industrial landscape continues to grapple with daunting challenges as profits for its industrial firms recorded a 6.7% drop in July compared to the...

Bangkok-Shanghai Economic Conference Focuses on Green Initiatives

The sixth edition of the Bangkok-Shanghai Economic Conference took place on August 16, organized by the Royal Thai Consulate-General in Shanghai in collaboration with...

From Dictator’s Shrine to Tech Hub: A New Dawn in Albania

In a symbolic act of moving forward from a repressive past, Albania is transforming a museum, once dedicated to its long-time Communist dictator Enver...

William Shatner Explores AI with ProtoBot

William Shatner, the iconic actor famed for his role as Captain Kirk in "Star Trek," has ventured into the realm of artificial intelligence, engaging...

China’s Leap Forward: Merging Geospatial Data with Intelligent Vehicles

Integrating Geospatial Data with Intelligent Vehicles: China's Digital Leap into the Future Introduction The rapid progression of mobile internet, the vast realm of big data, and...

Unpacking the Ericsson-Huawei Cross-Licensing Agreement: The Power of Collaborative Innovation

In today's increasingly globalized and digitized world, intellectual property rights (IPR) are becoming more crucial than ever. They serve as the bedrock of innovation,...

Changan Automobile’s Thai Venture: A New Era in China’s International Auto Expansion

State-owned Changan Automobile, Ford Motor and Mazda Motor's Chinese ally, has announced its intent to set up an electric-vehicle (EV) assembly plant in Thailand....

Panic Salt Buying in China: Fukushima Concerns Impact Markets

China's Salt Demand Surges Amidst Fukushima Water Discharge Concerns In the wake of Japan's recent decision to release treated radioactive water into the Pacific Ocean...

U.S.-China Trade Evolution: Raimondo’s Visit and the Rise of Regionalization

U.S.-China Trade Dynamics: Commerce Secretary Gina Raimondo's Visit and the Shift Towards Regionalization In an era where global trade dynamics are undergoing significant shifts, U.S....

The Ethical Dilemma of AI in Voice Acting: Protecting Talent Rights

Nearly a decade ago, when Erik Passoja lent his voice to a Belgian geneticist character in a Call of Duty video game, he hadn’t...

Digital Twins: Japan’s Future of Personalized Virtual Clones

In an era where artificial intelligence and virtual reality are rapidly evolving, Kazutaka Yonekura, the CEO of Tokyo-based startup Alt, envisions a world where...

Xi’s Unexpected Absence from BRICS Business Forum Sparks Speculation

In a surprising turn of events, Chinese President Xi Jinping was notably absent from the BRICS Business Forum 2023 held in South Africa. Despite...

Chinese Ambassador Sets the Stage for US Commerce Secretary’s Beijing Visit

In a bid to foster collaboration and strengthen bilateral ties, Chinese ambassador to the United States, Xie Feng, met with US Commerce Secretary Gina...

China’s Economic Turbulence Impacts Consumer Spending, Highlights PwC Report

Amidst economic uncertainty, Chinese consumers exhibit prudence in their spending habits, indicating a recent study by PwC, a global advisory firm. The financial turbulence,...

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