Shein CEO loses $15B as IPO values his stake at $8B
The fast-fashion giant's Hong Kong debut at a fraction of its 2022 peak cuts founder Sky Xu's net worth to $8B, signaling a shift in investor appetite from e-commerce to AI.

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The fast-fashion giant's Hong Kong debut at a fraction of its 2022 peak cuts founder Sky Xu's net worth to $8B, signaling a shift in investor appetite from e-commerce to AI.
The shelved Looney Tunes film earned a franchise-best opening for indie distributor Ketchup, proving studio write-offs can leave money on the table.
As autonomous agents gain access to enterprise systems, security must shift from verifying identity to continuously validating behavior.
President Trump doubled down on tariffs, telling U.S. businesses to stop importing Canadian goods and crediting his trade policy for reviving Ford and GM.
With $891.5 million domestic and $2.332 billion worldwide, Spider-Man: Brand New Day is set to pass Avatar: The Way of Water and challenge The Force Awakens.
The massive leak includes beta builds and finished games, exposing unreleased code and raising piracy and security risks for developers.
A 12TB archive of Steam builds from 2003 to 2013 exposes Valve's lost Half-Life 2: Episode 3, the camera-driven F-Stop game, and years of untouched third-party prototypes.
Caterpillar's stock is no longer just a cyclical bet - it's riding the AI infrastructure boom, and investors are paying a premium for it.
The Gulf state's decision to buy now, despite a long wait, points to strategic priorities beyond immediate needs.
Privacy fixes and a PR blitz aim to save the smart glasses bet, but venue bans and harassment clips keep mounting.
Texas Governor Greg Abbott halted Flock spending just before a Tribune investigation revealed how a $1 insurance fee quietly funded a statewide surveillance stack.
The deal could reshape global oil flows and test US sanctions policy, but critics see a giveaway of national assets.