Tencent's quarterly results fall short on weak China consumption

Tencent’s quarterly results fall short on weak China consumption

HONG KONG — China’s most valuable company, Tencent Holdings, posted a slightly worse-than-expected quarterly result on Wednesday as domestic consumption remains weak. In the July-September quarter, revenue of the Shenzhen-based company rose 8% on the year to 167.19 billion yuan ($23.1 billion), just missing the average forecast of 167.82 billion yuan from analysts surveyed by…

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Elon Musk Can Keep Throwing Cash at Voters for Now

Elon Musk Can Keep Throwing Cash at Voters for Now

A Philadelphia judge on Thursday paused a lawsuit against Elon Musk’s massive cash giveaways to voters in battleground states after the billionaire argued that questions about his political efforts should be resolved in federal court. Philadelphia’s district attorney claimed a $1 million-a-day sweepstakes sponsored by Musk and America PAC, his pro-Trump group, violated state lottery…

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