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The Latest Breaking News from GTV

KE (NYSE:BEKE) reported a sharp improvement in first-quarter profitability despite lower transaction volume and revenue, as management said cost controls, operating efficiency gains and higher contribution margins across core businesses helped offset a softer year-over-year property market compariso

MarketBeat

Instacart Is Under Investigation. Should You Buy the Dip in CART Stock?

With Instacart facing intense regulatory scrutiny, is this dip a buying opportunity or a warning sign to stay on the sidelines?

Barchart

Deliveroo Abandons Hong Kong Market—Here's Why It's Betting Big On The UK Instead

Deliveroo has also noted that it will be selling part of its assets to foodpanda, a rival food delivery platform gaining more traction in the local market.

International Business Times UK

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Deliveroo to quit Hong Kong after nine years

The group has agreed the sale of some parts of the business to Delivery Hero’s Singapore-based Foodpanda and will close the remaining operations.

The Independent UK

Victorian byelections: Liberals gain Prahran from Greens and Labor ahead in Werribee

Byelections occurred on Saturday in the Victorian state seats of Prahran and Werribee. The Liberals gained Prahran from the Greens by a 51.6–48.4 margin, a 13.6% swing to the Liberals since the 2022 state election.

The Conversation

Instacart: Is it Time to Back Up the Cart on the Stock?

Maplebear/Instacart beats Q3 earnings estimates but stock drops on conservative Q4 guidance. Discover why this could be a buying opportunity.

MarketBeat

Google TV introduces another set of ads for advertisers through its network

Google highlighted new ways advertisers can reach new heights through its TV network with ads.

Android Central

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Deliveroo posts massive loss as people cut back on takeaways

The reopening of pubs and restaurants after lockdowns has also had an effect

Wales Online

$32m penthouse mysteriously catches fire during arrest of Chinese billionaire ally of Steve Bannon

Exiled Chinese billionaire Guo Wengui was taken into custody early Wednesday when federal agents swooped on his Central Park penthouse in the Sherry-Netherland Hotel on Manhattan’s Upper East Side

The Independent UK

US arrests Chinese billionaire on fraud rap

NEW YORK: A Chinese tycoon closely tied to an adviser to former US president Donald Trump has been arrested in New York and charged with bilking $1 billion from supporters of his anti-Beijing activities.

Bangkok Post

DOJ arrests associate of Steve Bannon over $1B fraud scheme

Guo allegedly promised his online followers outsized returns if they invested in his business entities.

Axios

Steve Bannon’s billionaire Chinese ally Guo Wengui arrested by FBI in sprawling fraud case

The far-right activist and former Trump adviser was arrested on Guo Wengui’s yacht in 2020

People

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