Shein Second-Quarter Profit Falls 67% on Higher Costs and EU Fees

Fast-fashion Shein reported an adjusted net profit of $228 million for the second quarter ending June, representing a 67% decline year-over-year. Profit falls as EU parcel fees impact sales Profit … Read More

Apple’s Tim Cook Calls Australia’s Social Media Curbs ‘World-Leading

Apple Executive Chair Tim Cook described Australia’s strict social media regulations as “world-leading” during a meeting with Prime Minister Anthony Albanese at Apple Park in California. Inside the Albanese and … Read More

Wall Street Hits Two-Week Lows Amid Rising Bond Yields and Walmart Earnings

Wall Street slumped to two-week lows as rising benchmark bond yields and a cautious retail outlook from retail giant Walmart Inc. (NYSE: WMT) weighed heavily on major equity indexes. The … Read More

Apple Trained Custom China AI Model with Alibaba, Sources Say

This rare cross-border partnership allows Apple to navigate Beijing’s stringent regulatory framework as it prepares to roll out its Apple Intelligence suite to Chinese consumers in the coming months via … Read More