Business

Micron Shares Rebound to Defy Memory-Chip Selloff as Wall Street Holds Firm

Micron Technology shares reversed sharp losses to finish higher, defying a memory-chip selloff that pressured rivals Sandisk and Western Digital as Wall St

Twilio Shares Surge 31% After Earnings Beat as AI Tools Gain Traction

Twilio stock jumped about 31% after a stronger-than-expected earnings report, driven by growing adoption of its AI-powered customer engagement tools.

FAA Orders Crack Inspections for Hundreds of Boeing 737 Max Jets

The FAA has finalized a directive requiring crack inspections for 471 Boeing 737 Max jets, effective September 10, following reports in older models.

Trump Administration Renews Push to Remove Fed Governor Lisa Cook Over Mortgage Claims

The Trump administration has revived its push to remove Fed governor Lisa Cook over mortgage claims, giving her until August 26 to respond.

US Economy Sheds 23,000 Jobs in July as Rate Hike Bets Fade

The US economy lost 23,000 jobs in July as labour force participation slumped, prompting markets to cut bets on a September Federal Reserve rate hike.

Coca-Cola Europacific Partners Announces Record Financial Results and a €1 Billion Share Buyback

Coca-Cola Europacific Partners (CCEP) announces record fiscal year 2025 results, including €20.9 billion in revenue and a €1 billion share buyback program, with a positive outlook for 2026.

L’Oréal’s Q4 Sales Growth Slows, Missing Expectations Amidst Asian Weakness

L'Oréal's fourth-quarter sales growth of 6% missed expectations, impacted by its luxury division and weakness in Asia, despite strong performance in North America and Europe.

Zhipu AI’s GLM-5 Arrives: A New Challenger in the Global AI Arena

Zhipu AI launches its new flagship model, GLM-5, featuring advanced coding and agentic capabilities, challenging global AI leaders and emphasizing China's growing role in AI development.

Safran Soars: Aerospace Giant Boosts 2028 Targets on Strong Aftermarket and Defense Performance

French aerospace firm Safran raises its 2028 financial outlook significantly, driven by strong civil engine aftermarket demand and robust defense sector performance in its latest fiscal year.

TF1 Shares Plummet Amidst Financial Disappointments and Gloomy 2026 Outlook

Explore the reasons behind TF1's share price tumble, including disappointing financial results, weak 2026 guidance, and the challenging advertising market. Discover the company's digital transformation efforts and competitive landscape.

Fed’s Schmid Cautions Against Interest Rate Cuts Amid Persistent Inflation Worries

Kansas City Fed President Jeff Schmid warns against premature interest rate cuts, citing persistent inflation concerns and the need for a restrictive monetary policy.

Addentax Group Eyes Expansion with Proposed Acquisition of Hong Kong Digital Lending Platform

Addentax Group Corp. announces proposed acquisition of a Hong Kong-based digital lending platform, aiming to expand its fintech presence in the Asia-Pacific region with AI-driven credit technologies.

China’s Inflation Slows Sharply, Fueling Deflation Concerns Amidst Shifting Lunar New Year Impact

China's January inflation data shows a slower-than-expected rise in consumer prices and continued producer price deflation, fueling concerns about the economic outlook.

Axera’s Hong Kong IPO Priced at HK$28.20 as Market Awaits Debut

Axera Semiconductor sets its Hong Kong IPO price at HK$28.20 amid active gray market trading, signaling early investor caution despite strong initial demand.

Alibaba Unveils RynnBrain: A New Open-Source AI Model for Robotics

Alibaba launches RynnBrain, an open-source AI model for robotics, challenging Google and Nvidia in the physical AI race. Learn how this innovation empowers robots.

ByteDance’s Seedance 2.0 Fuels China Tech Stock Surge Amidst AI Video Advancements

ByteDance's new AI video model, Seedance 2.0, sparks a rally in China's tech stocks, showcasing advanced features while raising ethical considerations.

China Cracks Down on Offshore Yuan Stablecoins and Tokenized Assets

China tightens crypto regulations, banning unapproved offshore yuan stablecoins and RWA tokenization to protect monetary sovereignty.

Tesla Ignites China’s AI Scene with New Training Center for Self-Driving Tech

Tesla launches a new AI training center in China to boost its Full Self-Driving capabilities, addressing data localization laws and intensifying competition in the EV market.

Montage Technology’s Hong Kong IPO Soars, Raising $902 Million Amidst AI Chip Demand

Montage Technology's Hong Kong IPO surges over 57% on debut, raising $902 million amidst strong investor demand for AI-driven semiconductor solutions.

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