The investigation, which could eventually lead to a fine, will look into the platformsβ use of algorithms that officials said may stimulate addictive behavior in children.
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.
Chinese e-commerce giant JD.com posted a rise in quarterly profit, beating estimates as its core businesses grew despite fierce competition with peers such as Alibaba and PDD.
Insurance giant American International Group has struck a deal to sell a stake in its majority-owned life-and-retirement arm Corebridge Financial to Japanβs Nippon Life Insurance for $3.8 billion.
Boeing, Carnival and American Airlines are among dozens of companies working to strengthen their finances first. βIs this the equivalent of long-term Covid?β
Churchill Asset Management struck a deal to provide cash to investors in some of the private-equity funds it manages, as the investors contend with a slowdown in cash flow from their investments.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat top- and bottom-line estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.