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.

Dubai Emerges as a Hub for Yuan Bonds as Listings Gain Momentum

Dubai is increasingly becoming a significant financial center for Chinese and regional issuers looking to list debt and equity securities. This trend signals growing...

CNOOC Accelerates South China Sea Production with Multiple New Oilfield Startups

China National Offshore Oil Corporation (CNOOC) has significantly boosted its production capabilities in the South China Sea with a series of new oilfield startups...

China Rolls Out New Strategies to Stabilize Troubled Property Market

China's government is prioritizing the stabilization of its real estate sector, signaling a significant shift in economic policy. Facing mounting concerns over economic stability,...

China’s Property Market Plunges Deeper: Falling Prices and Sluggish Sales Signal Prolonged Downturn

China's real estate market is grappling with a deepening downturn, marked by persistent price declines and weak sales, now entering its fifth year. Despite...

China’s Property Woes Deepen: Vanke Seeks Bond Extensions Amidst Muted Credit Growth

China's real estate sector is facing renewed pressure as major developer China Vanke seeks extensions on bond payments, signaling a potential deepening of the...

US and China Engage in Shifting Tensions Over Trade, Tech, and Security

The United States and China are navigating a complex and evolving relationship, marked by a recent shift in U.S. national security strategy that emphasizes...

Labubu Dolls Redefine Luxury Fashion Through High-End Collaborations

Labubu dolls, once seen as quirky collectibles, have quickly become a luxury fashion phenomenon. Celebrities such as Blackpink’s Lisa have been spotted pairing the...

New Vaccine Panel Recommendations Weaken Covid and Childhood Immunization Guidance

New recommendations from the Advisory Committee on Immunization Practices (ACIP), a federal vaccine panel recently reshaped by Health and Human Services Secretary Robert F....

Retailers Slash Seasonal Hiring to Lowest Level Since 2009

Seasonal hiring in the retail sector is on track to fall to its lowest level since the 2009 recession, raising concerns that the upcoming...

Ford Offers Subprime Buyers Special Financing to Boost F-150 Sales

Ford Motor is ramping up efforts to drive sales of its flagship F-150 pickup truck before the close of the third quarter, launching a...

New Home Sales Jump 20.5% in August Despite High Mortgage Rates

Sales of newly built homes surged 20.5% in August compared with July, marking the strongest level since January 2022 and the largest monthly gain...

U.S. Latino GDP Hits $1.6 Trillion in 2023, Driving Economic Growth

Latino immigrants in the United States generated $1.6 trillion in GDP in 2023, according to new research from the Latino Donor Collaborative. That contribution...

Jimmy Kimmel’s Return Draws 6.26 Million Viewers Despite Preemptions

“Jimmy Kimmel Live!” made its highly anticipated return to television on Tuesday night, drawing an impressive 6.26 million total viewers despite being preempted across...

NFL Eyes International Expansion with Growing Global Fanbase

The NFL is exploring the possibility of expanding beyond the United States, with Commissioner Roger Goodell expressing strong interest in international markets. He highlighted...

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