News
Starbucks sheds more than 100 jobs as it wraps up restructuring
The cuts include roles within the team that oversees the design and construction of its storesPublished Thu, Aug 20, 2026 · 11:29 PM[WASHINGTON] Starbucks eliminated 104 roles as part...
Walmart reports rare sales miss as consumers cut spending
It missed quarterly comparable sales estimates for the first time in at least five yearsPublished Thu, Aug 20, 2026 · 10:20 PM[NEW YORK] Walmart missed quarterly comparable sales estimates...
Wall St opens lower as bond yields climb
Published Thu, Aug 20, 2026 · 09:46 PM[NEW YORK] The main US indexes opened lower on Thursday (Aug 20) as a rebound in government bond yields hurt sentiment, while...
US dollar at three-month low as Treasury moves to soothe bond jitters
Published Thu, Aug 20, 2026 · 08:19 PM[LONDON] The US dollar was pinned near a three-month low on Thursday (Aug 20) after the Treasury Department moved to calm a...
Alibaba’s revenue climbs 9% in testament to China’s AI boom
Published Thu, Aug 20, 2026 · 06:33 PM[BEIJING] Alibaba Group Holding reported a 9 per cent jump in revenue, after a boom in Chinese AI development propelled demand for...
San Francisco Bay Area dethroned as largest ‘tech talent’ market
The San Francisco Bay Area, epicenter of the artificial intelligence boom, is home to a massive amount of tech workers employed by some of the world’s most valuable companies,...
Moderna’s 177% surge burns shorts in ‘painful’ US$5.5 billion loss
The firm’s stock price soars after it says its personalised cancer vaccine helps reduce the recurrence of melanoma in trialPublished Thu, Aug 20, 2026 · 05:58 PM[CAMBRIDGE, Massachusetts] A...
SK Hynix moves to calm market with US$29 billion share buyback
Published Thu, Aug 20, 2026 · 04:15 PMSK HYNIX unveiled plans to buy back 40 trillion won (US$29 billion) of stock and return more profits to investors, moving to...
Samsung, SK Hynix prep record shareholder returns amid AI boom
Samsung to announce plan worth more than US$72 billion; SK Hynix will buy back US$29 billion of stockPublished Thu, Aug 20, 2026 · 03:53 PMSAMSUNG Electronics and SK Hynix...
Move over, CSI 300? Why the Star 50 is the index that matters amid China’s AI boom
CXMT, now the most valuable Chinese company, is widely expected to be included in the Star 50 by the end of 2026Published Thu, Aug 20, 2026 · 02:37 PMINVESTORS...
