Evergrande Founder Hui Ka Yan Sentenced to Life in Prison
Business & Markets • a month ago
The founder of the now-defunct property giant China Evergrande Group has been sentenced to life imprisonment after pleading guilty to fraud charges.
Business & Markets News
Alibaba Profit Plummets 75% Amid Heavy AI Investment
Business & Markets • a month ago
The Chinese tech giant's quarterly profit dropped significantly as it poured resources into artificial intelligence infrastructure.
Walmart Shares Tumble Amid Slowest Sales Growth in Six Years
Business & Markets • a month ago
Rising gasoline prices and a shift in consumer spending impacted Walmart's second-quarter performance, leading to a significant drop in stock value.
U.S. Natural Gas Inventories Show Smallest Build of Injection Season
Business & Markets • a month ago
Futures prices declined as weekly inventory increase marked the lowest of the current injection period.
US Leading Economic Indicators Rise in July, Signaling Potential Growth
Business & Markets • a month ago
The Conference Board's index shows a modest uptick, suggesting a possible shift towards moderate economic expansion.
Target Reports Strong Gains as It Challenges Walmart's Dominance
Business & Markets • a month ago
The retail giant saw increased customer traffic and sales growth, attributing improvements to price cuts and enhanced offerings.
Australian Unemployment Ticks Up, Signaling Economic Slowdown and Easing Inflationary Pressure
Business & Markets • a month ago
The rise in the jobless rate to 4.5% suggests the Reserve Bank of Australia's monetary policy is taking effect, potentially averting further interest rate hikes.
Therme Manchester Water Park Nears Completion, Set to Open Late 2028
Business & Markets • a month ago
The £500 million resort will feature 25 waterslides, a beach, and tropical temperatures, aiming to attract millions annually.
Amazon Prime Accidentally Streams Jason Statham's New Movie 'Mutiny' Early
Business & Markets • a month ago
The action film was available for roughly one hour on Wednesday morning, days before its scheduled theatrical debut.