Money

By Michelle Toh, CNN Hong Kong (CNN) — HSBC’s profits have soared as it continues to cut costs and cash in on high interest rates around the world. Europe’s biggest bank said Tuesday that pre-tax profit grew by $4.1 billion to $8.8 billion in the second quarter compared to the same time a year before.

By Reuters Hong Kong’s stock exchange will no longer require companies to spell out China-related business risks in listing applications from Tuesday, in a move that aligns the city more closely with disclosure changes ordered by Beijing. In its latest revision to listing rules, the bourse repealed a whole section focusing on risks from China’s

By Elizabeth Joseph, CNN (CNN) — Officials from the San Francisco Department of Building Inspection on Monday morning observed that the new “X” on top of the building formerly known as Twitter’s headquarters was being dismantled, according to Patrick Hannan, the department’s spokesman. The news comes after the company was issued a notice of violation

By Peter Valdes-Dapena, CNN Business New York (CNN) — Ford has recalled more than 870,000 of its full-sized F-150 trucks because the electronic parking brake could engage unexpectedly at any time, including while the vehicle is being driven. That could cause a loss of control and possibly a crash. The recall, posted to the National

By Eva Rothenberg, CNN (CNN) — AMC Theaters (AMC) hit a revenue record last week, driven by the overwhelming success of the “Barbenheimer” pop culture craze. In a news release on Sunday, the world’s largest theater chain announced that from July 21-27, it earned its largest single-week admissions revenue since the company’s founding in 1920.

By Allison Morrow, CNN New York (CNN) — The Securities and Exchange Commission asked Coinbase to halt trading on all cryptocurrencies except for bitcoin before it sued the company in June, Coinbase’s chief executive told the Financial Times. The SEC’s request left Coinbase, America’s largest crypto exchange, with no choice but to take the matter

By Nadia Bidarian, CNN (CNN) — E-cigarette company Juul Labs is seeking US authorization to sell a “next-generation” vape with age verification capabilities in the United States. To verify a user’s age, the proposed vape pairs with a phone app, requiring a customer to either upload their government ID and a real-time selfie or input

By Jordan Valinsky, CNN Business New York (CNN) — Anchor Brewing, which has been America’s oldest craft brewer with 127 years in business, closed its taprooms for good on Sunday. But there’s a chance the brand could live on. Loyal fans seeking one last pint formed a line outside the San Francisco-based brewery on Sunday

by Brian Fung Washington, DC (CNN) — Elon Musk has called himself a free-speech absolutist and has praised “even my worst critics.” But now Twitter has threatened to sue a nonprofit known for sharply criticizing the platform for its handling of hate speech and misinformation. In a July 20 letter shared publicly Monday, Twitter threatened

By Jordan Valinsky, CNN New York (CNN) — Manchester United and Adidas are extending their apparel-sponsorship contract in a record-breaking £900 million ($1.2 billion) deal that lasts for another decade. The German sportswear company will continue making kits and other apparel for the British football team, in one of the biggest Premiere League sponsorships that

By Nicole Goodkind, CNN New York (CNN) — It’s a strange time for mid-sized banks in the US. The collapse of three regional banks earlier this year followed by the emergency merger of PacWest and Banc of California last week has created a shakeup in the industry that’s been exacerbated by the Federal Reserve’s continued

By Michelle Toh, CNN Hong Kong (CNN) — People in Asia aren’t guzzling as much beer as they used to. Dutch brewer Heineken (HEINY) announced disappointing earnings and cut its financial outlook Monday, posting a 9% drop in net profit in the first half due to a downturn in what is normally its most profitable

By Anna Cooban, CNN London (CNN) — The euro area economy is growing again, but may struggle to maintain the momentum for the rest of the year. Gross domestic product across the 20 countries that share the euro currency rose by 0.3% in the second quarter, compared with the previous three months, according to an

By Laura He and Wayne Chang, CNN Hong Kong (CNN) — China unveiled a series of measures to boost domestic consumption Monday after more gloomy data about the health of the economy. But it stopped short of announcing a major package of new spending or tax cuts. The official Purchasing Managers’ Index (PMI), which measures

By Jamiel Lynch, CNN San Francisco (CNN) — In a complaint, the city of San Francisco says they have visited the headquarters of the company formerly known as Twitter twice since Friday regarding the new flashing “X” sign on top of the building. According to the complaint, a notice of violation (NOV) was issued for

PARAMOUNT PICTURES, ANGEL STUDIOS, WALT DISNEY PICTURES, UNIVERSAL PICTURES, WARNER BROS. PICTURES, CNN By Eva Rothenberg, CNN (CNN) — It’s a tale of two movies and a box office triumph: “Barbie” and “Oppenheimer” maintained incredible momentum into their second weekends. “Barbie” wore several hats this weekend, with domestic “Barbie” impressing with $93 million in gross

By Eva Rothenberg, CNN (CNN) — It’s a tale of two movies and a box office triumph: “Barbie” and “Oppenheimer” maintained incredible momentum into their second weekends. “Barbie” wore several hats this weekend, with domestic “Barbie” impressing with $93 million in gross revenue and international “Barbie” bringing in around $122 million, making it the No.