Business

Pop Mart, the Chinese toy firm behind the hugely popular Labubu dolls, has said its profits are set to soar for the first six months of this year. The Beijing-based company said it expects profits for the period to jump by at least 350% as revenues more than tripled. Pop Mart, which has a stock market value of more than …

Asian Stocks Edge Lower as Fed Rate-Cut Bets Wane: Markets Wrap  Bloomberg Asia shares struggle, dollar soars on lowered Fed rate cut bets  Reuters Asian Tech Stocks Shine as Markets Weigh Latest Tariff Twists  The Wall Street Journal Asian shares are mixed after Nvidia nudges Nasdaq to a record, while other US stocks slump  Yahoo Finance Asia stocks drift lower tracking Wall St; Hong …

Mark Zuckerberg is slated to make yet another high-stakes courtroom appearance this week as shareholders seek to hold him accountable for the more than $8 billion that Meta has spent to settle lawsuits over privacy violations.  The trial, set to begin Wednesday in Delaware’s Court of Chancery, aims to hold Zuckerberg, former Meta COO Sheryl Sandberg and other former executives …

Treasury yields rose Tuesday as traders assessed the latest U.S. inflation report and what it means for Federal Reserve monetary policy going forward. The 10-year Treasury yield rose 6 basis points to 4.485%, while the 30-year yield jumped more than 4 basis points to 5.015%. The 2-year note yield advanced nearly 6 basis points to 3.954%. The consumer price index climbed 0.3% month over …

Wells Fargo Profit Rises After Lifting of Asset Cap  The Wall Street Journal Wells Fargo Cuts Net Interest Income Guidance After a Miss  Bloomberg.com Wells Fargo profit beats estimates, cut to interest income forecast weighs on shares  CNBC Wells Fargo snaps streak of revenue misses, but the stock is falling. Here’s why.  MarketWatch Wells Fargo (WFC) Tops Q2 Earnings and Revenue Estimates  Yahoo Finance Source …

Trump joins tech and energy executives amid AI push  Reuters Live updates: Trump speaks at CMU summit in front of energy leaders and tech titans  Pittsburgh Post-Gazette President Trump Solidifies U.S. Position as Leader in AI  The White House (.gov) Tech and energy giants pour billions to turn Pennsylvania into an AI hub as part of Trump’s tech push  CNN Hundreds march in protest …

Amazon’s race to challenge SpaceX in orbit is getting a helping hand from its chief competitor: SpaceX, which will launch the next batch of Amazon’s Project Kuiper internet satellites skyward on Wednesday. A flock of 24 Kuiper internet satellites will ride aboard a SpaceX Falcon 9 rocket before dawn. The mission, dubbed KF-01, has a 27-minute launch window that opens …

White House posts misinformation about In-N-Out menu change  SFGATE White House duped by April Fools’ tweet about In-N-Out ingredient changes  The Independent Did In-N-Out really switch to beef tallow to help ‘Make America Healthy Again’?  San Francisco Chronicle No, In-N-Out didn’t switch to ‘100% beef tallow,’ contrary to White House claim  USA Today The White House, Touting MAHA’s Impact, Linked to a Fan In-N-Out …

Trump says Fed renovations issue might be fireable for Powell  Axios Trump suggests Fed renovations could be fireable offense for Powell  CNN Trump compares talking to Powell to ‘talking to a chair’ while touting his own economic predictions  Fox Business Jerome Powell has more housing problems now, including the Fed’s  Yahoo Finance Powell asks inspector general to review $2.5 billion renovation after Trump blasts …

Donald Trump touts $90bn in energy and AI investments at Pennsylvania event  Financial Times Live updates: Trump speaks at CMU summit in front of energy leaders and tech titans  Pittsburgh Post-Gazette Hundreds march in protest of Trump visit and energy summit at CMU  WTAE Trump rolls out AI and energy-related investments during Carnegie Mellon University summit  90.5 WESA Tech and energy giants pour billions …