China Cracks Down on Foreign Brokers: Futu, Tiger & Longbridge Face Penalties
China is cracking down on brokers helping locals invest abroad, restricting accounts to stop illegal money outflows.
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IMAX Puts Itself on the Market Amid Surging Demand for Premium Screens
IMAX has approached major entertainment companies about a potential sale as premium screens drive record box office growth. Netflix also ramps up its theatrical push.
SoftBank Shares Surge Most in 25 Years on OpenAI IPO Plans and SB Energy U.S. Listing
SoftBank shares jumped — their biggest single-day gain in more than 25 years — after OpenAI accelerated IPO plans and SB Energy confirmed its U.S. listing.
Trump Administration Awards $2 Billion to Quantum Computing Firms, Takes Equity Stakes
The Trump administration is awarding $2 billion in grants to nine quantum computing companies, including IBM, and will take equity stakes in the firms to strengthen US tech leadership.
RCL Stock Dips After Mexico Kills $1B+ Water Park Project
Mexico blocked Royal Caribbean water park over environmental concerns; shares fell, but analysts say impact is limited.
Intuit Cuts 3,000 Jobs: 17% of Workforce Gone to Focus on AI
Intuit cuts 3,000 jobs (17%) to focus on AI and simplify work; shares fall, offices close, layoffs part of tech trend.