Tag: business news
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Mixue shares extend slide after profit drop as ice cream-and-tea chain sees costs rise
Mixue shares extended losses after the Chinese ice cream and tea giant reported lower first-half profit despite higher revenue.
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OpenAI rolls out ads on select ChatGPT plans in India to boost monetization, support wider access
Ads have been rolled out for free users and those on the 399 rupee ($4) per month ‘Go’ plan.
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DeepSeek looks for fresh capital as founder’s quant empire navigates China’s choppy IPO market
High-Flyer Quant, which bankrolled DeepSeek, has come to the fore, making a push into new listings as it chases returns in China’s red-hot IPO market.
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China’s super-rich fled Singapore. Now they want to come back
Wealthy Chinese are reconsidering Singapore as Beijing’s offshore wealth scrutiny and geopolitical risks make alternatives less attractive.
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This beaten-down retailer just surged 35%. Jim Cramer says to pounce on the next pullback
CNBC’s Jim Cramer said Thursday Abercrombie & Fitch still looks attractive, though he’d wait for the shares to cool off before buying.
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UAE ‘spy sheikh’ backs 49% stake in Trump family’s crypto bank venture, WSJ reports
World Liberty’s proposed trust bank has preliminary federal approval as the Trump-backed crypto venture deepens its ties to a senior UAE official.
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Gap shares jump 9% after announcing new Old Navy CEO to revive struggling brand
Gap announced a new CEO for Old Navy on Thursday as the brand reported a decline in comparable sales for the most recent quarter.
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BitGo to acquire NYDIG’s institutional trading business as crypto trading rebounds
BitGo is expanding its institutional capabilities just as activity in the crypto market is showing signs of picking up after a prolonged trading slump.
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There’s one metric that shows investors are being pickier about the stocks they buy
‘Doing the actual extra homework on individual stocks actually can make a difference,’ one investor said.
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