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Starbucks to Close 250 Stores in the US

Sep 24, 2026

The company said the affected cafes did not meet financial or customer service expectations.

Sony, A24 and the New York Times Company Circle Letterboxd

Sep 24, 2026

Trump Struggles to Find Leverage With Xi Over Chinese Exports

Sep 24, 2026

Bond Markets Are Volatile and Oil Prices Rise

Sep 24, 2026

The ‘Monster’ Behind Russia’s Global Effort to Evade Western Sanctions

Sep 24, 2026

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Sep 24, 2026

Elizabeth Holmes to Transfer to Halfway House in August 2027

The founder of the blood-testing start-up Theranos was sentenced to 11 years in prison for fraud and had been serving time at a minimum-security federal prison in Texas.

Sep 24, 2026

NBC, CBS and More TV Networks Didn’t Film Xi’s Arrival Amid Trump’s Press Ban

Sep 24, 2026

Mortgage Rates Hit 7% as Iran War Fallout Crushes a Weak Housing Market

Sep 24, 2026

More Than 167,000 Pounds of Meat With False Inspection Mark Are Recalled

Sep 24, 2026

The court ordered Trump to restore access for CNN, MS Now and Politico last night.

Interesting Read

White House Still Bars CNN, MS NOW and Politico Despite Court Blocking Trump’s Ban

CNN and MS NOW said their correspondents have been allowed back onto the White House grounds after they were denied access. A federal court ordered President Trump to reverse his ban on the three news outlets.

Sep 24, 2026

Philadelphia Fed's Anna Paulson says 'modest' rate moves likely ahead to tame inflation

The policymaker said she and her colleagues may need to raise interest rates further to bring inflation back to target.

Sep 24, 2026

China confirms first AI talks with U.S. have taken place, hints at trade truce extension

Chinese confirmation of the AI discussions came just hours before President Xi Jinping was scheduled to begin talks with U.S. President Donald Trump.

Sep 24, 2026

Stocks making the biggest moves premarket: MGM, Darden Restaurants, Meta, BlackBerry & more

These are the stocks posting the largest moves in the premarket.

Sep 24, 2026

Investors Are Betting On Devices That Connect the Brain to Computers

By backing Precision Neuroscience, the billionaire Bill Ackman joins Elon Musk and Jeff Bezos in diving into an emerging industry.

Sep 24, 2026

HK exports surge to nearly all major markets

Hong Kong recorded year-on-year increases in both exports and imports last month, with the outflow to almost all major markets seeing a sharp surge, the government said. Figures released by the Census and Statistics Department on Thursday showed that the value of total exports of goods increased by 53 percent over a year earlier to HK$667.9 billion in August. This came after a year-on-year increase of 50.7 percent in July. The value of imports also increased by 60 percent over a year earlier to HK$739.1 billion, compared with a year-on-year rise of 41 percent in July. In the first eight months of the year, Hong Kong saw a 42.5 percent rise in the value of total exports compared with the same period in 2025 while imports were up by 43.2 percent. A trade deficit of HK$371.2 billion, equivalent to 7.2 percent of the imports value, was recorded during the period. A government spokesman said Hong Kong’s merchandise exports continued to surge amid robust demand for AI-related electronic products. “Exports to almost all major markets increased markedly,” he said. “Looking ahead, sustained global demand for AI-related electronic products is expected to continue to support Hong Kong's merchandise trade performance in the near term. “Nonetheless, given the geopolitical tensions in the Middle East and continued protectionist trade measures among major advanced economies, the external environment remains uncertain and warrants close monitoring.” Edited by Tony Sabine

Sep 24, 2026

HK slips as summit pessimism dogs mainland stocks

Mainland stocks logged their worst day in a month on Thursday as investors remained sceptical that a meeting between President Xi Jinping and his US counterpart, Donald Trump, in Washington would produce a broader breakthrough. In Hong Kong, the benchmark Hang Seng Index lost 72 points, or 0.29 percent, to end at 24,761. The tech index was almost 18 points, or 0.41 percent, down at 4,361 while the China enterprises index was seven points, or 0.09 percent, lower at 8,266. Energy, banking and shipping stocks listed in Hong Kong outperformed, offsetting some of the losses in the SAR market. On the mainland, the blue-chip CSI300 Index fell 1.7 percent while the benchmark Shanghai Composite Index closed down 48 points, or 1.22 percent, at 3,888, with both indices marking their biggest one-day drop in a month. The Shenzhen Component Index fell 319 points, or 2.34 percent, to 13,316 while the ChiNext Index plunged 90 points, or 2.68 percent, to 3,288. Trump welcomed Xi to Washington on Wednesday for a three-day visit that will test relations between the two superpowers. Xi's first trip to the United States in nearly three years was not expected to yield major breakthroughs, but US Treasury Secretary Scott Bessent said the two countries agreed to extend a trade truce by two months. The extension is "shorter than market expectations" for a one-year rollover, but nonetheless helps preserve stability in the bilateral relationship, analysts at UBS said in a sales note. Also weighing on sentiment was the absence of a delegation of Chinese business leaders during Xi's visit, which Beijing had sought to bring for meetings with Trump, sources said. Most sectors were lower by midday, led by gold equities, non-ferrous metal and AI hardware stocks. The broad selloff also mirrored overnight weakness on Wall Street, where stocks retreated as higher oil prices and rising US Treasury yields dampened sentiment. Sanjeev Rana, head of north Asia semiconductors research at CLSA, said that while there are expectations around Beijing and Washington working together on AI development and making AI safe, he does not foresee any relaxation on chip-export controls from the US side. Some investors are more positive. "Trump is a very pragmatic president, and he understands comparative strength in the global economy very well," said Charles Wang, chairman of Shenzhen Dragon Pacific Capital Management. "I think US-China relations are evolving from outright confrontation, towards mutual understanding, compromise and a framework of co-existence." In Tokyo, the Nikkei rose 495 points, or 0.76 percent, to 65,513 in a holiday-shortened week as CPU-related stocks jumped after Meta unveiled its AI gadget Meta Charm, fuelling demand prospects for computer components. The broader Topix gave up early gains to slip 15 points, or 0.39 percent to 4,075. (Reuters/Xinhua) Edited by Tony Sabine

Sep 24, 2026

Workers should get 2.8pc pay rise in 2026: survey

Workers in Hong Kong should be getting an average pay rise of 2.8 percent this year, slightly higher than the 2.7 percent increase in 2025, a survey has showed. The survey, conducted by the Hong Kong Institute of Human Resource Management in the first nine months of this year, looked at 173 companies from 12 business sectors that together have more than 180,000 full-time employees. Lawrence Hung, the immediate past president and executive council member of the institute, said companies remained cautious in their remuneration strategies. “I think 2.8 percent is a prudent approach for salary increase,” he said. “I guess a majority of the enterprises ... will really look at the business economy and also how they operate within these high-interest conditions, as well as have to balance through attraction, retention and development of the manpower.” Hung added that enterprises were willing to pay more for core talent possessing critical skills who could contribute to their companies. Employers would consider their company's performance, Hong Kong’s economic conditions and market pay adjustments when altering their employees’ salaries, according to survey researchers. Hung said the survey was also projecting that the average pay increase for 2027 would come in at 2.9 percent. While 44 percent of companies surveyed planned to implement salary increases, 56 percent had yet to decide, he said. Hung said talent retention should not solely be reliant on pay rises given the limited growth in salary budgets. Instead, he called on companies to take a holistic approach by offering skill training, enhancing benefits and adopting family-friendly measures to retain talent. Meanwhile, the survey also found the average pay rise for this year to be 2.8 percent in Macao and 4.2 percent in other Greater Bay Area cities. Edited by Tony Sabine

Sep 24, 2026

U.S.-China trade truce extended for two months, Bessent says, as Xi begins state visit

The deal, which was set to expire in November, will now be extended to Jan. 10, Bessent said, noting the need for Beijing to fulfill more deliverables.

Sep 24, 2026

Rogue OpenAI agent 'infiltrated' Australian government website in world first

Australia criticised OpenAI for taking "too long" to tell them about the breach which happened in June.

Sep 24, 2026

Reported assaults on Britain's rail services rise by more than a third

Recorded incidents of violence and harassment against passengers and rail workers showed a sharp increase in the year to March.

Sep 24, 2026

White House Still Bars CNN, MS NOW and Politico Despite Court Blocking Trump’s Ban

A federal court ordered President Trump to reverse his ban on the three news outlets, but reporters were denied access on Thursday. Their lawyers asked the judge to intervene; he ordered the administration to respond by 12:30 p.m.

Sep 24, 2026

After a Summer of Disruptions, Here Are the 7 New Rules for Air Travel

Flight delays and cancellations brought on by weather, technology glitches and other issues offer a lesson: Be prepared and be flexible.

Featured News

Starbucks to Close 250 Stores in the US

Sony, A24 and the New York Times Company Circle Letterboxd

Trump Struggles to Find Leverage With Xi Over Chinese Exports

Bond Markets Are Volatile and Oil Prices Rise

The ‘Monster’ Behind Russia’s Global Effort to Evade Western Sanctions

Latest News

Elizabeth Holmes to Transfer to Halfway House in August 2027

NBC, CBS and More TV Networks Didn’t Film Xi’s Arrival Amid Trump’s Press Ban

Mortgage Rates Hit 7% as Iran War Fallout Crushes a Weak Housing Market

More Than 167,000 Pounds of Meat With False Inspection Mark Are Recalled

The court ordered Trump to restore access for CNN, MS Now and Politico last night.

Interesting Read

Rogue OpenAI agent 'infiltrated' Australian government website in world first

Reported assaults on Britain's rail services rise by more than a third

White House Still Bars CNN, MS NOW and Politico Despite Court Blocking Trump’s Ban

After a Summer of Disruptions, Here Are the 7 New Rules for Air Travel

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Economy News

After a Summer of Disruptions, Here Are the 7 New Rules for Air Travel

A Weary Hollywood Celebrates the Prospect of Federal Funding

Canada Goose Is Ensnared in Trump’s Tariff War With Canada

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