Experts say Shein’s U.S. IPO is all but dead
Chances for a U.S. IPO for Shein are veering toward near-zero as American public officials take a tougher bipartisan stance on Chinese e-commerce platforms.
Financial News
A marathon, not a sprint: Apple’s AI push faces big challenges in China
Apple Intelligence is Apple’s big play that aims to bring artificial intelligence across its devices but there was little talk on how it will bring this to China.
Elon Musk softens ‘go f— yourself’ comment as he tries to woo advertisers back to the platform
Elon Musk said his remark telling advertisers to “go f— yourself” was meant as a general point on free speech rather than a comment to the wider industry.
Millionaires are abandoning the UK in droves, new research shows
A record number of millionaires is expected to leave the U.K. this year, according to a new report, with this year’s election expected to exacerbate the exodus.
Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%
Warren Buffett’s conglomerate has sold an additional 1.3 million Hong Kong-listed shares of BYD for $39.8 million, according to a filing.
Advisors ‘wary’ of bitcoin ETFs are on a slow adoption journey, says BlackRock exec
About 80% of bitcoin ETF buying is coming from self-directed investors, according to BlackRock’s Samara Cohen.
Taylor Swift’s London Eras Tour could delay Bank of England rate cut, analysts say
Taylor Swift’s record-shattering Eras Tour is continuing to supercharge local economies during its U.K. leg, potentially impacting future interest rates.
Russia’s Putin sets out conditions for peace talks with Ukraine
Russian President Vladimir Putin set out the requirements for Moscow to start peace talks with Ukraine, more than two years after its full-fledged invasion.
Wise shares plunge 10% after fintech firm projects slower growth this year
Shares of money transfer company Wise declined on Thursday after it projected weaker revenue growth in its current fiscal year than the year before.
Hungary agrees not to veto NATO’s deepening support for Ukraine in exchange for non-participation
Hungary agreed not to veto NATO militaru support for Ukraine in exchange for not participating in these efforts.