Business

Under Armour Deepens Annual Sales Forecast Cut on Weak North America Demand

Under Armour lowered its full-year revenue forecast after first-quarter sales fell, citing weak North America demand and tariff pressures.

Berkshire Hathaway Profit Doubles as New CEO Abel Begins Deploying Cash Hoard

Berkshire Hathaway's quarterly profit doubled as new CEO Greg Abel accelerated share buybacks and began drawing down the conglomerate's massive cash pile.

Datadog Stock Falls 14% Despite 36% Revenue Growth as Investors Set a Higher Bar

Datadog shares fell about 14% after earnings despite 36% revenue growth, as investors set a high bar and the stock still trades above fair value.

UAE Says Iranian Missile Struck ADNOC Vessel in Strait of Hormuz

The UAE has accused Iran of striking an ADNOC vessel with a missile in the Strait of Hormuz as US-Iran tensions over the vital waterway remain high.

Senate Approves Stopgap Funding Bill to Avert Shutdown Ahead of Election

The U.S. Senate approved a short-term funding bill in a 90-6 vote, extending federal spending into December and averting a shutdown before the election.

eSignGlobal Leverages US-China Trade Tensions to Boost Global Expansion

eSignGlobal, a digital signature services provider based in Hangzhou, is turning US-China trade tensions into a growth opportunity by expanding its global footprint. Eric...

Alibaba Chairman Joe Tsai Highlights Recovery and AI Focus Amid Challenges

Alibaba Group Holding chairman Joe Tsai said the company is now “on a very good path” after overcoming several years of setbacks, including regulatory...

Shanghai’s Luxury Property Market Thrives Amid National Downturn

Shanghai’s luxury residential property market continues to defy national trends, with affluent buyers investing heavily in premium homes amid broader economic concerns. This resilience...

Bullet Trains Surpass Flights on Beijing-Shanghai Route as Passengers Prioritize Speed and Comfort

Passengers traveling between Beijing and Shanghai are increasingly favoring high-speed trains over flights, as China's modern rail system continues to outpace the air travel...

Surge in Hong Kong and Chinese Investment Fuels UAE Property Boom

The UAE property market, particularly in Abu Dhabi and Dubai, is drawing increasing interest from investors in Hong Kong and mainland China. Recent activity...

Comcast Launches Epic Universe to Rival Disney with $7 Billion Universal Orlando Expansion

For many years, Universal Orlando Resort was often seen as a secondary destination for travelers visiting Walt Disney World. However, Comcast, the owner of...

Fusion Energy and AI: The Future of Clean, Reliable Power

The rapid rise of artificial intelligence has driven a surge in global energy demand, with powerful supercomputers consuming vast amounts of electricity. Interestingly, some...

Jony Ive Joins OpenAI to Lead Design of Next-Gen AI Hardware

Before leaving Apple in 2019, Jony Ive was synonymous with groundbreaking hardware design, narrating videos that showcased the physical beauty of Apple’s flagship products...

Hinge Health Prices IPO at $32 per Share, Valued at $2.6 Billion

Hinge Health, a digital physical therapy company, priced its initial public offering at $32 per share on Wednesday, the upper end of its expected...

U.S. Chip Export Controls Face Growing Scrutiny Amid China’s AI Rise

Replacing Nvidia in China is no small feat, but analysts warn that Chinese tech firms are narrowing the gap—ironically, aided by U.S. export restrictions....

Hong Kong Enacts Stablecoin Regulation to Strengthen Crypto Oversight

Hong Kong has passed a landmark stablecoin bill aimed at expanding its virtual asset regulatory framework, signaling the city’s commitment to fostering innovation while...

ASML’s $400M High NA Machine Revolutionizes Advanced Chipmaking

In a highly secure lab in the Netherlands, ASML has developed the world’s most advanced and expensive chipmaking machine—High NA, short for high numerical...

Apple Devices to Power First U.S. Hospital at Emory Hillandale

Emory Healthcare has announced that Emory Hillandale Hospital, a 100-bed facility near Atlanta, will become the first hospital in the United States to fully...

OpenAI, Oracle, Nvidia, and Cisco Launch Massive AI Infrastructure Project in UAE

Technology leaders OpenAI, Oracle, Nvidia, and Cisco have announced a major partnership to develop a large-scale artificial intelligence hub in the United Arab Emirates,...

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