Mixue shares extend slide after profit drop as drinks chain sees costs rise
Pedestrians pass a MIXUE Ice Cream & Tea store in Yantai, China, on April 1,…
Mixue shares extend slide after profit drop as drinks chain sees costs rise
Pedestrians pass a MIXUE Ice Cream & Tea store in Yantai, China, on April 1, 2025. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Shares of Chinese ice cream and beverages chain Mixue Group fell more than 7% in Hong Kong on Friday, extending losses to a second straight session after…
Judge blocks Pentagon blacklist of Anthropic as supply chain risk
Dario Amodei, co-founder and chief executive officer of Anthropic, during an interview on “The Circuit with Emily Chang” at Anthropic’s headquarters in San Francisco, California, US, on Thursday, April 30, 2026. Jason Henry | Bloomberg | Getty Images A San Francisco federal judge on Thursday ruled that the Pentagon’s blacklisting of artificial intelligence giant Anthropic…
DeepSeek founder’s quant fund piles into China tech IPOs
Liang Wenfeng, founder of startup DeepSeek, delivers the keynote speech during the 10th China Private Equity Golden Bull Awards on August 30, 2019 in Shanghai, China. Vcg | Visual China Group | Getty Images DeepSeek, the lab that put Chinese artificial intelligence on the map last January, has long been financed by High-Flyer Quant, its…
China’s super-rich fled Singapore. Now they want to come back
A wealthy Chinese family. Viewstock | View Stock | Getty Images A year ago, wealthy Chinese families were souring on Singapore. Its rules felt onerous, its nightlife subdued. Other cities seemed easier or more exciting. Now they want to come back. Family-office advisers and wealth managers say they are seeing renewed interest in Singapore from…
FDA approves Gilead HIV pill Bixlenvo designed to simplify treatment
Gilead Bixlenvo drug Courtesy: Gilead The Food and Drug Administration approved a once-daily HIV pill from Gilead that could help simplify care for some patients, the company announced Thursday. The drug, marketed as Bixlenvo, is aimed at patients whose virus is already under control but who remain on complicated treatment regimens. It could also appeal…
Cramer says Nvidia and Salesforce earnings upended two bear narratives
CNBC’s Jim Cramer on Thursday said strong earnings results from Nvidia and Salesforce shattered two of Wall Street’s biggest tech bear narratives, sending both stocks soaring. “We were in the grip of some lies and damn lies, backed by chimerical statistics, and now both bear stories backfired,” the “Mad Money” host said. “Today was a…
Gap Q2 2026 earnings
Gap on Thursday announced a new CEO for its Old Navy banner, effective Nov. 2, as the retailer tries to reinvigorate sluggish sales performance at the brand. Michael Francis, who was appointed the chief customer officer at Old Navy in May, will take over the reins from current CEO Haio Barbeito, who will become an…
Fed Chairman Kevin Warsh delivers his key Jackson Hole speech Friday
Federal Reserve Chairman Kevin Warsh speaks during a news conference at Federal Reserve headquarters in Washington, July 29, 2026. Win Mcnamee | Getty Images The Federal Reserve‘s cryptic chairman is set to deliver his much-awaited keynote address Friday in Jackson Hole, with markets trying to anticipate what, if anything, he will have to say on…
Trump Jr. told GOP state attorneys general don’t fight prediction markets, NYT reports
Donald Trump Jr., co-founder of World Liberty Financial, during the Future Investment Initiative (FII) Priority Summit conference in Miami, Florida, US, on Friday, March 27, 2026. Zak Bennett | Bloomberg | Getty Images In March, Donald Trump Jr. told Republican state attorneys general not to go after prediction markets, The New York Times reported on…
SpaceX shares are doing something very unusual. Options traders are taking note
After an explosive debut and equally impressive crash, SpaceX shares are now, well, hovering in midair. After debuting as the most volatile stock among its large-cap peers, Elon Musk‘s astronomic equity hasn’t moved in three weeks, with shares trading in a $10 range around the $140 level. Implied volatility, a rough measure of the costs…
