Amazon reported better-than-expected earnings and revenue for the fourth quarter, but it gave disappointing guidance for the current period. The stock slipped more than 5% in extended trading. Here’s what the company reported compared with what Wall Street was expecting: Earnings per share: $1.86 vs. $1.49 expected, according to LSEG Revenue: $187.79 billion vs. $187.30…
“Audio erotica apps cannot have the word ‘desire’ in their names [if they want] to be visible on the store,” while developers of apps like those for controlling sex toys “have a hard time having the apps approved on the store, which puts their entire product in jeopardy,” said Ana Ornelas, erotic author, sex educator…
The US Postal Service is temporarily suspending inbound international packages from China and Hong Kong Posts, potentially delaying or blocking shipments from retailers like Shein and PDD Holdings Inc.’s Temu. USPS said letters and flat mail from China and Hong Kong would not be affected, according to a statement on its website. Source link
President Trump’s decision to impose hefty tariffs on Canada, Mexico and China included a little-noticed but significant change to how online purchases will be taxed when they enter the United States. One provision of Mr. Trump’s executive order will increase costs for more than 80 percent of U.S. e-commerce imports. The decision could shift the…
US technology firms have been racing to adopt the latest artificial intelligence (AI) reasoning model from Chinese start-up DeepSeek despite increasing global scrutiny of the Hangzhou-based company, which claims it can develop industry-leading models at a fraction of the usual cost. Top chip designer Nvidia has made DeepSeek’s R1 model available to users of its…
Customers at some CVS stores will no longer have to push a button and wait for a clerk to unlock one of those glass cabinets to get the products they want to buy. A new app will allow them to open the cabinets themselves, the company said on Tuesday. That feature of the new CVS…
The number of trips to Hong Kong by mainland Chinese visitors rose 27 per cent year on year as the 2024 tally reached 34 million, according to official figures, with observers saying the uptick is likely to continue but expressing doubt over its economic impact. Hong Kong also recorded a 48 per cent year-on-year surge…
Hong Kong stocks trimmed the gains spurred by official data showing China’s fourth-quarter growth exceeded expectations, as investors weighed the sustainability of the recovery. A plunge in China Vanke, the nation’s biggest property developer by revenue, also tempered sentiment. The Hang Seng Index added 0.3 per cent to 19,584.06 at the close, paring a gain…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Donald Trump names David Perdue as pick for US ambassador to China US president-elect Donald Trump has picked former senator David Perdue as his ambassador to China,…
Salesforce Inc. reported quarterly revenue that topped analysts’ estimates, boosting investor hopes that the company’s much-hyped strategy for artificial intelligence products will lift financial results. The shares gained about 10% in extended trading. Sales increased 8.3% to $9.44 billion in the period ended Oct. 31, the company said Tuesday in a statementBloomberg Terminal. Analysts, on…