Tag: business news
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China industrial profit growth in July slumps to 7-month low of 11.2%
Industrial corporate profitability has seen a notable turnaround, swinging from years of declines since 2021 and barely positive growth last year, to double-digit gains this year.
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Bank of Korea delivers back-to-back rate hikes as core inflation stays elevated
The Bank of Korea hiked rates by 25 basis points to 3%, its highest since January 2025 and in line with expectations.
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The toy industry’s latest craze is cheap, colorful and very squishy
Squishy toys are booming, with social media and low prices helping fuel the craze.
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U.S. still watching allies for alignment of interests even amid defense pullback, analyst says
The U.S. may be asking allies to step up their own defense, but it still wants them to align on geopolitical interests.
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Nvidia’s 70% sales growth projection for 2028 wows analysts on earnings call
The growth forecast is likely to reinvigorate narratives around the so-called AI supercycle.
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CrowdStrike pops 11% on record second quarter as ‘Mythos moment’ drives AI cyber wave
CrowdStrike shares have surged 61% this year to new highs as the threat from frontier AI has fueled demand for advanced security tools.
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Bitcoin’s macro case is strengthening even as regulation takes a back seat, says BlackRock’s digital assets head
The flagship cryptocurrency’s recent rally parallels its history of rebounding whenever investor sentiment toward other assets cools, says BlackRock’s Mitchnick.
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Salesforce, Anthropic expand partnership as Benioff responds to ‘SaaSpocalypse’ concerns
“We’re delivering a dynamic interface that thinks, reasons, and acts,” Salesforce CEO Marc Benioff said in a statement.
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What investors should do with Meta now that the child privacy case has settled
Analysts and investors on Wall Street are calling the settlement a win for Meta Platforms.
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Las Vegas Sands shares are about to ‘catch a heater,’ says Mike Khouw
Although named after the Nevada gaming mecca, Las Vegas Sands has largely depended on the Asia/Macau story of the last decade.
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