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 Prioritizes Infrastructure Construction to Expand Domestic Demand, Says Chief Economist at CITIC Securities

In China, infrastructure is considered a key driver of economic growth, especially in the short term. Despite other economic engines revving up due to...

Luxshare Precision’s Chairwoman, Wang Laichun, Tops Forbes China’s 100 Power Business Women List for the Ninth Time

Forbes China has released its 100 Power Business Women list, with Luxshare Precision's Chairwoman and Founder, Wang Laichun, taking the top spot for the...

Support for Small-Sized Companies a Priority Among Shanghai Delegates at Two Sessions

Shanghai-based delegates attending China's ongoing two sessions in Beijing are prioritizing the development of private enterprises, especially micro and small-sized companies. Their proposals align...

BASF Expands Aroma Ingredient Value Chain Footprint with Investment in Citral Plant in China and Menthol and Linalool Plants in Germany

BASF, one of the world's leading chemical companies, has announced that it will invest in a new citral plant at its site in Zhanjiang,...

CNOOC Completes Construction of All 35 Process Modules for Shell-Led LNG Canada Project

China National Offshore Oil Corp (CNOOC), the country's largest offshore oil and gas driller, has announced the completion of construction on all 35 process...

Metaverse frenzy cools as tech giants shift focus to AI-generated content

The hype surrounding the metaverse, a technology buzzword that promises a future where virtual and physical worlds are seamlessly connected, is beginning to wane...

Nubia Technology launches its latest flagship device, the Z50 Ultra, to compete in the mid-range to high-end handset market

Nubia Technology, a leading Chinese smartphone manufacturer, has recently announced the launch of its latest flagship device, the Z50 Ultra. The company's latest smartphone...

China’s Trade Surplus Expands as Imports Decline in First Two Months of the Year

According to official customs data released on Tuesday, China's imports and exports slightly decreased by 0.8 percent year-on-year to 6.18 trillion yuan ($890 billion)...

China’s Economic Regulator Predicts Achievable Growth Target for 2023

China's top economic regulator, the National Development and Reform Commission, announced on Monday that the country's growth target of around 5% for 2023 is...

Miniso targets further overseas growth as revenue from foreign markets rises

Miniso, a Chinese budget chain retailer, has announced its plans to expand its overseas business as the company celebrates its 10th anniversary. According to...

Laizhou’s Gold Mines Embrace Digital Transformation to Enhance Workplace Safety

In China's Shandong province lies Laizhou, a city known as the "Golden City" due to its rich gold reserves. However, like many other mines...

Chinese Tech Firms Deploy 5G Networks to Boost Efficiency and Safety in Coal Mines

Chinese tech firms are working to enhance the safety and efficiency of subterranean coal mines, which have traditionally faced challenges with internet connectivity. For...

China Mobile’s Yang Jie proposes green development for data centers

As China continues to digitize, data centers are becoming increasingly essential for processing, storing, and forwarding information. However, with the rising energy consumption and...

Chinese Private Enterprises Confident About Economic Recovery with Government Support

In a recent statement during the two sessions in China, Qi Xiangdong, a member of the 14th National Committee of the Chinese People's Political...

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