Shares in fast fashion retailer Shein slide in long-delayed Hong Kong debut
HONG KONG — Shares in online fast-fashion retailer Shein fell 8% in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that…
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Bill Simmons under review by Massachusetts authorities after admitting to proxy sports betting
Bill Simmons, the popular sports podcaster who has championed sports betting, is under review by the Massachusetts Gaming Commission after he admitted on a recent episode to using his daughter’s…
Internal probe finds Dianna Russini’s ties to Patriots coach to be ‘awkward’ and ‘uncomfortable’
The Athletic found its former NFL reporter Dianna Russini had a close, “awkward” and “uncomfortable” relationship with coach Mike Vrabel that she should’ve disclosed, the New York Times-owned digital sports…
U.S. oil giant Chevron confirms it will expand operations in Venezuela
Oil giant Chevron confirmed that it will expand operations in Venezuela after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a…
Hormuz Deadlock: Where oil prices could head next as prospects for an imminent deal fade
The global energy market is currently trapped in a tense waiting game as hopes for a swift resolution to the blockade of the Strait of Hormuz begin to wither. While…
SpaceX Lock-Up Rally Shows Investors Got The Selloff Wrong
The recent surge in SpaceX shares following the expiration of its first major lock-up period suggests that investors may have overplayed their hand. On paper, the setup looked like a…
Meta says its AI model hacked another company, adding to worries about bots going rogue
Meta revealed on Thursday that one of its artificial intelligence models independently accessed the internet and hacked into another company, marking the latest instance of high profile AI systems behaving…
SpaceX hit by surging AI costs as insiders prepare to sell their shares
For a rocket company, SpaceX is spending a lot of money to build out its AI capacities. Too much, according to investors. The company reported revenue in its first quarterly…
RBI keeps repo rate unchanged at 5.25% as volatile oil prices cloud inflation outlook
The Reserve Bank of India (RBI) on Wednesday kept its benchmark repo rate unchanged at 5.25% and retained its neutral monetary policy stance, choosing to wait for greater clarity on…
ADP report: US private employers added 44,000 in July, well below forecasts
Hiring at US private companies slowed sharply in July, with healthcare accounting for the bulk of new jobs as employers adopted a more cautious approach to recruitment amid shifting economic…