Author: arthursheikin@gmail.com

[ad_1] China’s consumers have been holding back on spending as the property market imploded — but they are now channeling their hoarded cash into the stock market.After years in the dumps, Chinese equities are surging. The Shanghai Composite Index — dominated by retail investors — is up about 13% this year to date, while the blue-chip CSI 300 has gained 10%.The rally isn’t confined to the mainland. The Hang Seng Index in Hong Kong is up about 30% this year, fueled by a flood of mainland money.Investors poured a record $90 billion into Hong Kong stocks in the first half…

[ad_1] OpenAI has announced plans to open its first office in India, just days after launching a ChatGPT plan tailored for Indian users, as it looks to tap into the country’s rapidly growing AI market. On Friday, the company said it would set up a local team in India and open a corporate office in the capital, New Delhi, in the coming months. The move builds on OpenAI’s recent hiring efforts in the region. In April 2024, the company appointed former Truecaller and Meta executive Pragya Mishra as its public policy and partnerships lead in India. OpenAI also brought on…

[ad_1] Steak ‘n Shake has joined the fiery debate on Cracker Barrel’s new logo.The fast food chain, founded in Illinois and headquartered in Indiana, made an X post on Thursday about Cracker Barrel’s new logo. The Tennessee-based Cracker Barrel has simplified its logo to remove the image of a man wearing overalls with an arm on a barrel, leaving just the brand’s name. Steak ‘n Shake said in the post that Cracker Barrel’s goal with its switch-up was to “delete the personality altogether” by removing the “‘old-timer’ from the signage.””Heritage is what got Cracker Barrel this far, and now the…

[ad_1] 2025-08-22T04:29:59Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Elon Musk sought Mark Zuckerberg’s investment in OpenAI, the startup said in a filing. Musk’s $97.6 billion bid for OpenAI was rejected earlier this year. Meta is competing hard with OpenAI, poaching top talent and enhancing its large language model. Elon Musk wanted Mark Zuckerberg to join him…

[ad_1] The South Park creators know their tech news.The third episode of South Park’s 27th season, called “Sickofancy,” aired Wednesday, featuring drug-addled tech founders, a sycophantic ChatGPT, and Apple’s CEO — all grounded in real tech world events.One scene parodies Tim Cook’s August 6 visit to the Oval Office, during which he announced investments in US manufacturing and handed President Donald Trump an engraved piece of glass.”Mr. President, your ideas for the tech industry are so innovative, and you definitely do not have a small penis,” the animated Cook is seen telling Trump.A spokesperson for Apple did not respond to…

[ad_1] OpenAI is asking Meta to produce evidence related to any coordinated plans with Elon Musk and xAI to acquire or invest in the ChatGPT-maker. The request was made public in a brief filed Thursday in Elon Musk’s ongoing lawsuit against OpenAI. Lawyers representing OpenAI said they subpoenaed Meta in June for documents related to its potential involvement in Musk’s unsolicited, $97 billion bid to takeover the startup in February. It’s unclear from the filing whether such evidence exists. OpenAI ultimately denied Musk’s bid. OpenAI’s lawyers say they discovered that Musk communicated with Meta CEO Mark Zuckerberg concerning xAI’s bid…

[ad_1] This as-told-to essay is based on a conversation with Garron Chiu, 37, an American-born Hongkonger who works in advertising and stand-up comedy. His words have been edited for length and clarity.I used to run from my Asian identity. As a Westernized Chinese guy growing up between cultures, I thought the Asian part of me was less “cool” — especially through the lens of Western media.But now, I run to it. I’ve learned that the contradiction of being Cantonese-speaking, Hong Kong-raised, and also very American is where the best comedy lives.I was born in Los Angeles to Chinese parents. In…

[ad_1] Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the S & P 500 slid for a fifth consecutive day, and what’s on the radar for the next session. Stellantis’ Jeep Bob Broderdorf, CEO of Stellantis ‘ Jeep brand, will be live in the 7 a.m. hour ET with CNBC’s auto reporter Phil LeBeau and Squawk Box ‘s Becky Quick, Joe Kernen and Andrew Ross Sorkin as…

[ad_1] “Silicon Valley” followed a crew of lame, socially awkward tech bros. The real Valley leaders weren’t impressed.Kumail Nanjiani, an actor from the hit 2010s HBO show, said that he met both Elon Musk and Mark Zuckerberg. On Mike Birbiglia’s “Working it Out” podcast, Nanjiani described his interactions with the tech CEOs.Nanjiani said that Musk “didn’t like the show” — and specifically its first scene.At the start of “Silicon Valley,” Kid Rock performs a rock set with electric guitars and strobe lights. After setting off sparklers, the camera cuts to the audience, revealing a scattered crowd of nerdy tech guys…

[ad_1] American shoppers appear to be singing the iconic words of the rock group Queen: “I want it all, I want it all, and I want it now.”Walmart shoppers in particular seem to have an insatiable appetite for getting lots of stuff delivered — and fast.”Speed of delivery is important to customers, and we’re continuing to get faster,” Walmart CFO John David Rainey said Thursday on the retail giant’s second-quarter earnings call.Rainey said that roughly a third of the company’s ship-from-store orders were fulfilled in three hours or less — many of which required either an additional rush fee or…