Sinopec’s H1 net profit rises 19.3% despite Middle East supply disruption
China's Sinopec Shanghai Petrochemical posted a 19.3% year-on-year rise in first-half net profit, even as the Strait of Hormuz remained…
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Citi Expects Nvidia to Beat Estimates on AI Networking, Blackwell Ramp
Citi expects Nvidia to post stronger-than-anticipated quarterly sales next week, driven by improved shipments of AI networking gear and a…
David Tepper’s Appaloosa Raises Amazon Stake to 16% of Portfolio
David Tepper's Appaloosa Management raised its Amazon stake by 15.8% last quarter, pushing the stock to 16% of the fund's…
Walmart Stock Suffers Worst Day Since 2022 After Tariff-Refund Price Cuts
Walmart shares suffered their worst one-day drop since 2022 after the retailer said it would spend roughly $2.9 billion in…
Alibaba Plans $10.2 Billion Hong Kong Share Sale to Fund AI Buildout
Alibaba plans to raise HK$80 billion ($10.2 billion) through a Hong Kong share placement, directing all of the proceeds into…
