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Genius — OpenServe

New Navy Aircraft Carriers Face Delays As Shipbuilding Woes Persist — Jul 8, 2025Two aircraft carriers slated to shore up the U.S. Navy now face more construction delays, according to the Navy’s 2026 budget documents. The USS John F. Kennedy, which is set to replace the USS Nimitz upon its…

Shein Faces Costs Ahead of Hong Kong IPO — Jul 26, 2026Shein disclosed strong 2025 revenue of $41.8 billion but a 38.7% drop in net profit to $2.064 billion, with a Q1 loss of $99 million tied to fair-value adjustments and pressures from the US de minimis duty exemption removal. The company has CSRC approval for a Hong Kong listing, with an anticipated late-August/early-September IPO aimed at funding IT and AI initiatives amid ongoing growth and competitive pressures.