Andrew Ross SorkinDoorDash’s third-quarter results showed weaker earnings than expected, leading to a 9% stock decline. Despite this, revenue surged to $3.45 billion, indicating strong consumer demand. The company plans significant investments in 2026 for product development, new technology, and a strategic acquisition of Deliveroo, aiming for long-term growth amidst near-term challenges.
Andrew Ross SorkinIn the New York City mayoral race, Super PACs supporting Andrew Cuomo and opposing Zohran Mamdani have raised over $40 million, fueled by wealthy donors. Despite Mamdani leading in polls, the significant funding aims to thwart his Democratic socialist agenda. The dynamic reflects tensions between grassroots support and elite financial influence.
Andrew Ross SorkinDuring Palantir’s latest earnings call on Monday, CEO Alex Karp returned to one of his favorite topics—his critics. Known for his fiery rhetoric and unapologetic confidence, Karp took a victory…
Andrew Ross SorkinAt the Hong Kong FinTech Week, Standard Chartered CEO Bill Winters highlighted a future where most global transactions occur on a blockchain-based ledger. He emphasized the necessity for active experimentation in this area, as financial institutions rapidly adapt. Winters lauded Hong Kong’s leadership in regulatory frameworks supporting digital assets, signaling a transformative shift in finance.
Andrew Ross SorkinEther’s value fell sharply by 9%, dropping below the $3,600 support level after a major hack on the Balancer platform led to losses over $100 million. This decline is compounded by macroeconomic factors, including U.S. tariffs and Federal Reserve warnings, creating investor unease and affecting related stocks in the cryptocurrency market.
Andrew Ross SorkinAsset managers are increasingly converting mutual funds into ETFs, reflecting a major trend in the investment industry. In 2024, 56 mutual funds transitioned to ETFs. Investors favor ETFs for their tax efficiency, lower costs, and transparency. The SEC’s approval of ETF share classes may further reshape fund management, enhancing portfolio access and efficiency.
Andrew Ross SorkinRussian officials aim to strengthen ties with China following a recent meeting between U.S. President Trump and Chinese President Xi. A high-level Russian delegation, led by Prime Minister Mishustin, visited China to sign agreements across various sectors. Both nations reaffirmed their partnership, positioning it as a counterbalance to Western sanctions and isolation.
Andrew Ross SorkinStarbucks has partnered with Boyu Capital to establish a joint venture in China valued at $4 billion, with Starbucks retaining a 40% stake. This shift aims to enhance operational flexibility amid increasing local competition. Despite challenges from the pandemic and rivals like Luckin Coffee, Starbucks remains committed to long-term growth in China.
Andrew Ross SorkinIn Sichuan, choosing a study abroad agency for UK education can be challenging. Key factors to consider include agency professionalism, consultant experience, and fee transparency. This article reviews several agencies to guide parents and students in making informed choices, emphasizing the importance of avoiding unscrupulous practices and ensuring clear service definitions.
Andrew Ross SorkinAs Hong Kong universities gain international prominence, Sichuan students increasingly seek guidance from study abroad agencies. This article reviews several agencies, including Mengkede, Zhuteng, Huazhi, Dingxin, Mingtu, and Yuanhang Education, highlighting their services and strengths to assist families in making informed decisions amid a crowded market.
