Fast-fashion giant Shein’s shares drop 8% in Hong Kong market debut
This picture shows signage of cross-border fast fashion e-commerce company SHEIN. Jade Gao | Afp…
Fast-fashion giant Shein’s shares drop 8% in Hong Kong market debut
This picture shows signage of cross-border fast fashion e-commerce company SHEIN. Jade Gao | Afp | Getty Images Shares of Shein fell 8% in their trading debut in Hong Kong on Tuesday, after a tepid IPO that saw the fast-fashion giant’s valuation drop to nearly a quarter from its peak. The Singapore-headquartered, company sold about…
Venezuela grants North American Blue Energy Partners 100-year concessions for 17 oil fields
A Venezuelan flag waves in front of oil tanker on lake in Maracaibo, Venezuela on July 27, 2026. Jose Isaac Bula | Anadolu | Getty Images Venezuelan interim authorities have granted U.S.-backed North American Blue Energy Partners, or NABEP, 100-year concessions for 17 oil fields, with proven reserves of about 65 billion barrels, the White…
CNBC’s The China Connection newsletter: McKinsey’s contrarian view
Crowds of pedestrians cross a road outside the Taikoo Li Sanlitun shopping complex on August 22, 2026, in Beijing, China. Cheng Xin | Getty Images News | Getty Images Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a snapshot of what I’m seeing and…
August was the month of the comeback kids. Cramer reviews what drove the biggest winners
CNBC’s Jim Cramer said Monday that August was a comeback month for stocks that had been battered by some of Wall Street’s most powerful bearish narratives. His comments came on the final trading day of August. Several of the S&P 500‘s biggest winners in August spent months under pressure from concerns ranging from artificial intelligence…
Why Trump’s Venezuela oil deal won’t lower U.S. gas prices soon
Drivers in the U.S. won’t see lower gas prices from President Donald Trump‘s massive oil deal with Venezuela because it will take years to significantly boost the country’s production, experts say. Trump announced Friday that the U.S. secured majority control over 65 billion barrels of Venezuela’s proven oil reserves, around 20% of the 303 billion…
Microsoft Outlook and OpenAI’s ChatGPT Work experience outages
Microsoft CEO Satya Nadella, right, speaks as OpenAI CEO Sam Altman looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images Longtime partners OpenAI and Microsoft both indicated they were suffering from outages for key products on Monday, though there were no reports that the outages…
Supreme Court says Trump can build White House ballroom as lawsuit continues
Construction continues on a new helipad on the South Lawn of the White House and the East Wing ballroom on August 10, 2026, in Washington, DC. Andrew Harnik | Getty Images The Supreme Court said Monday that President Donald Trump can continue construction of his controversial White House ballroom as legal challenges to the project…
Trump strikes new drug pricing deals with nine midsized drugmakers
U.S. President Donald Trump delivers remarks on his administration’s healthcare policies, in the Oval Office at the White House in Washington, D.C., U.S., Aug. 31, 2026. Evelyn Hockstein | Reuters President Donald Trump on Monday said he struck new drug pricing deals with nine drugmakers to voluntarily sell their medications for less, building on his…
Trump defends data centers amid midterm election backlash
US President Donald Trump speaks before signing an executive order in the Oval Office of the White House in Washington, DC, on Aug. 10, 2026. Jim Watson | Afp | Getty Images President Donald Trump on Monday blasted communities that oppose new data centers as Republicans confront voter backlash over the projects ahead of November’s…
Trump to meet refiners in push to lower gas prices
US President Donald Trump during a meeting with oil executives in the East Room of the White House in Washington, DC, US, on Friday, Jan. 9, 2026. Al Drago | Bloomberg | Getty Images President Donald Trump will meet Tuesday with U.S. refiners and fuel distributors as his administration looks for ways to expand domestic…
