By Kane Wu, Helen Reid and Julie Zhu HONG KONG/LONDON, July 10 Shein's high-profile stock market listing may force its secretive founder and CEO, Sky Xu, to finally come out of the shadows. The fast-fashion giant secured approval for its initial public offering in Hong Kon
The retailer reported Y105bn in Q1 operating income, driven by stronger sales and margin improvements across Japan and the US. Seven & i Holdings posted a 122.4% year-on-year increase in Q1 operating income to Y105bn ($649.06m), excluding the deconsolidation of York Holdin
Tesla reports 15.78% revenue growth and 117% free cash flow surge in Q1 2026, but shares fall 12% year to date. Tesla posted Q1 2026 revenue of $22.387 billion, up 15.78% year over year, alongside a 117% surge in free cash flow and a 490 basis point expansion in automotive
Frozen IRS thresholds push more retirees into taxable territory as average 401(k) balances reach $330,186, triggering taxation on benefits. The average retiree’s 401(k) balance of $330,186 now exceeds levels that trigger Social Security taxation, due to IRS thresholds froz
Corporate AI investment drives earnings momentum, with NVIDIA and Micron posting strong gains amid subdued volatility. Global AI spending has reached nearly 3% of GDP annually, fueling corporate growth and market momentum despite geopolitical tensions. NVIDIA’s data center
Quick Read - Tech sector insiders are making open-market stock purchases at the fastest pace in 15 years, spending real cash rather than exercising compensation options. - 28 XLK insiders bought company stock over 6 months, a record doubling from year-start that surpasses the...<
Financials and health care stocks drive market leadership Financials and health care stocks have boosted blue chips and small caps to leadership positions. The artificial intelligence and data center trade has started to roll over, with several fiber-optic leaders dec
It didn't take Greg Abel long to push his chips to the middle of the table when betting on Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL). The new CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) inherited a relatively new position in the AI and tech company when he took over
Meta’s AI infrastructure costs at $22 billion per gigawatt undercut prior estimates, boosting its cloud ambitions against Amazon and CoreWeave. Meta Platforms shares jumped 6% to $670 after reports revealed its AI build costs at $22 billion per gigawatt, nearly half the $4
Quick Read - The bucket strategy splits retirement savings into three time-based segments, preventing forced stock sales during market downturns like a 20% drop. - The first bucket holds 1 to 3 years of living expenses in cash, covering most bear markets without liquidating a...<
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