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

Guizhou Province to Build Over 30,000 5G Base Stations in 2023, Cementing its Position as China’s Big Data Hub

Southwest China's Guizhou province has emerged as a major big data hub in China, thanks to its relentless pursuit of innovation and cutting-edge technology....

Chinese EV makers expand their global reach, targeting new markets

Chinese electric vehicle (EV) makers are increasing their global presence as more countries shift towards electrification. One such country is Jordan, where hundreds of...

Great Wall Motors’ Electric Brand Ora Introduces Upgraded Good Cat Model with Extended Range

Ora, the electric brand of Great Wall Motors, has recently unveiled the 2023 version of its retro-inspired Good Cat model, which boasts an array...

Nio aims to double 2023 sales figures, hopes to be profitable by Q4

China's leading electric carmaker Nio is anticipating a significant increase in sales for 2023, with expectations of doubling figures from the previous year. This...

Tesla Engineers Reveal Plans to Cut Assembly Costs in Half for Future Vehicles

Tesla is looking to drastically reduce assembly costs for its next-generation vehicles, according to engineers who spoke at the company's recent investor meeting. Lars...

GAC Honda Unveils Integra Hatchback in China: A New Model for the Younger Generation

GAC Honda, the joint venture between Honda Motor Company and China's Guangzhou Automobile Group, recently launched its new offering, the Integra Hatchback, in Guangzhou,...

Premier Li Keqiang outlines China’s focus on self-sufficiency in science and technology

In a speech delivered on Sunday, Premier Li Keqiang announced that China will continue its efforts to become self-reliant in science and technology. This...

Budweiser China promotes road safety awareness with traffic police general brigade

Budweiser China, a unit of Budweiser Brewing Co APAC Ltd, has partnered with the traffic police general brigade of Shanghai Municipal Public Security Bureau...

Chinese Ministry of Commerce slams US export control list as an act of economic bullying

The Chinese government has condemned the United States' actions to place multiple Chinese entities on an export control list. The move has been described...

China opens new cargo consolidation hub for China-Europe freight trains

A new cargo consolidation hub has been inaugurated in Shenyang, the capital of Liaoning province in Northeast China. The China Railway Express (Shenyang) Hub...

China’s Foreign Trade Shows Strong Resilience Despite Unfriendly Environment

Many people are concerned about the state of the global market and believe that demand is declining sharply. However, this assessment may not necessarily...

China doubles down on attracting foreign investment, expands market access and improves services

China has set its sights on attracting and utilizing more foreign investment this year, as outlined in the Government Work Report submitted to the...

Private Enterprises to Receive More Support and Level Playing Field, Says All-China Federation of Industry and Commerce Chairman

In an effort to promote the growth of the private economy, Gao Yunlong, chairman of the All-China Federation of Industry and Commerce, announced on...

China’s Microgravity Combustion Experiment in Space Station Progresses with First Ignition Test

China has achieved a major milestone in space exploration with the successful ignition test in the combustion cabinet of the Mengtian space lab module,...

- A word from our sponsors -

spot_img

Follow us

HomeBusiness