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Alibaba Gains $50 Billion in Value
Alibaba shares jumped nearly 20% after the company reported triple-digit percentage growth in AI-related product revenue.

By The Financial District
Sep 5, 20251 min read


Nestlé Fires CEO After Discovering Amorous Ties with Subordinate
Nestlé dismissed CEO Laurent Freixe after an investigation revealed an undisclosed relationship with a direct subordinate.

By The Financial District
Sep 5, 20251 min read


Gilbert Santa Maria Named New MPTC President and CEO
Metro Pacific Investments Corporation (MPIC) has announced the appointment of Gilbert Gabriel F. Santa Maria as President and Chief Executive Officer of Metro Pacific Tollways Corporation (MPTC), effective September 1, 2025.

By The Financial District
Sep 5, 20252 min read


Volkswagen Faces $30M Compensation for Labor Abuses in Brazil
Brazil’s labor court has ordered Volkswagen to pay 165 million reais (about $30 million) for collective moral damages after workers were subjected to slave-like conditions at a company-owned Amazon farm in the 1970s and 1980s.

By The Financial District
Sep 4, 20251 min read


Japanese Camera Makers Ramp Up Mirrorless Lineups as Demand Rises
Major Japanese camera manufacturers are expanding their mirrorless offerings to meet growing demand for advanced features such as AI-assisted shooting.

By The Financial District
Sep 4, 20251 min read


Apple to Unveil New Phones, Watches at September 9 Event
Apple’s September 9 event, set for 1 p.m. Eastern, comes at a critical moment for one of the world’s most valuable companies.

By The Financial District
Sep 4, 20251 min read


Jewelry Boss in £170-M Scam Told Shop Staff to Pretend to Be Customers
Staff at a luxury jewelry retailer were instructed to pose as customers to mislead investors in the UK’s biggest diamond fraud.

By The Financial District
Sep 4, 20251 min read


Seven & i Completes Supermarket Spin-Off to Focus on Convenience Stores
Seven & i Holdings Co. said it has completed the sale of a subsidiary operating about 30 retailers, including the struggling Ito-Yokado supermarket chain.

By The Financial District
Sep 4, 20251 min read


BYD Shares Slide as China’s EV Price War Hits Profits
Shares in Chinese electric vehicle maker BYD fell as much as 8% on this week after the company reported a sharp drop in profit amid an intensifying price war in China’s auto sector.

By The Financial District
Sep 4, 20251 min read


Cracker Barrel Co-Founder, 93, Slams Rebranding "Disaster"
Tommy Lowe, the 93-year-old co-founder of Cracker Barrel, criticized the restaurant chain’s executives, saying they learned an expensive “I told you so” lesson after abandoning their modernized logo following backlash from MAGA supporters.

By The Financial District
Sep 3, 20251 min read


Trump Demands George Soros Face Federal Charges
U.S. President Donald Trump has blamed philanthropist George Soros — a key donor to the Democratic Party — for supporting “violent protests” across the country and called for Soros and his son to be charged with racketeering.

By The Financial District
Sep 3, 20251 min read


PAGCOR Says Hacked NDRP Not a List of Gambling Addicts
The Philippine Amusement and Gaming Corporation (PAGCOR) has clarified that its National Database of Restricted Persons (NDRP) is not a list of gambling addicts but a registry of individuals prohibited from gambling, such as government officials.

By The Financial District
Sep 3, 20251 min read


Caterpillar Sees $1.8-B Tariff Hit This Year
Caterpillar Inc. (CAT) is warning investors that it now expects tariffs to cost the company as much as $1.8 billion this year, higher than its guidance issued in early August.

By The Financial District
Sep 2, 20251 min read


Charles Ergen’s Net Worth Doubles After AT&T Sale
Things were looking bleak for Charles Ergen not long ago.

By The Financial District
Sep 2, 20251 min read


New Jersey’s American Dream Mall Sued for Selling Clothes on a Sunday
On any given Sunday, visitors to the massive American Dream mall in East Rutherford, New Jersey, can ski indoors, surf an artificial wave, ride roller coasters — or shop for a new outfit at dozens of big-name retail stores.

By The Financial District
Sep 2, 20251 min read


Elliott Affiliate’s $5.89B Bid Recommended in Citgo Auction
A $5.89 billion bid from an affiliate of hedge fund Elliott Investment Management has been recommended as the winner of a U.S. court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum.

By The Financial District
Sep 2, 20251 min read


Microsoft Protesters Occupy President’s Office
Police have arrested seven people after they occupied the office of Microsoft President Brad Smith in protest of the company’s ties to the Israel Defense Forces during the ongoing war in Gaza.

By The Financial District
Sep 1, 20251 min read


Huawei’s H1 Spending on R&D Causes Profit to Sag 32%
Chinese tech giant Huawei reported a 32% drop in first-half net profit as it ramped up research and development spending to counter U.S. sanctions.

By The Financial District
Sep 1, 20251 min read


NVIDIA Sets Sales Record but Stock Falls in After-Hours Trading
Nvidia once again reported record sales in its latest quarterly earnings, beating Wall Street’s expectations even as its stock slipped in after-hours trading.

By The Financial District
Sep 1, 20251 min read


China’s Jet Dream Stalls as Airlines Flock Back to Boeing, Airbus
For all the talk of China’s industrial rise, its aviation ambitions may be hitting a ceiling.

By The Financial District
Sep 1, 20251 min read


Spotify Flags Price Rises as It Introduces New Services
Spotify will raise prices as it invests in new features and pursues its goal of reaching 1 billion users.

By The Financial District
Aug 31, 20251 min read


China’s $1 Trillion Stock Rally Spurs Curbs from Brokers, Funds
A $1 trillion stock rally in China is sparking concerns over rising risks to investors, prompting some of the nation’s brokerages and fund managers to scale back financing and restrict purchases.

By The Financial District
Aug 29, 20251 min read


Alibaba Results Likely to Show Limited AI Payoff for China Tech: Reuters
Alibaba is expected to highlight its artificial intelligence (AI) strategy in its quarterly results, but like peers Tencent and Baidu, it may struggle to demonstrate significant returns from its AI investments.

By The Financial District
Aug 29, 20251 min read


Soaring NVIDIA Stock to Spur More Tech Investments
Nvidia’s stock has nearly doubled since early April, trading near all-time highs on optimism tied to the AI boom.

By The Financial District
Aug 29, 20251 min read
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