KAREN JOY BACUDO Finance Editor Hong Kong children aged eight to 15 hold HK$4.1 billion in cash, bank accounts and piggy banks, according to a YouGov survey commissioned by banking technology company Hyperlayer. The findings suggest a large share of that money sits outside traditional banking channels. Hyperlayer estimated that 36% of children in that…
Hong Kong is striving to become a “fortress” that safeguards digital security, the city’s innovation and technology (I&T) minister has said, noting that cyber warfare is not just a confrontation of technologies but a “full-spectrum contest” that transcends geographical boundaries and integrates artificial intelligence (AI). Speaking at a conference organised by the Digital Policy Office…
The CEO of JPMorgan Chase has taken the head of Donald Trump’s media company to task for claiming the lender “debanked” the firm under political pressure from the Joe Biden administration. “People have to grow up here, okay, and stop making up things,” Jamie Dimon told Maria Bartiromo on Fox News’ Sunday Morning Futures. “We…
Published: Nov. 17, 2025 at 2:10 p.m. ET Cryptocurrency stockpiler Strategy might have an obstacle in its path to S&P 500 inclusion — in the form of an “elephant” currently residing in the S&P Small-Cap 600 index. That’s Stephens analyst Melissa Roberts’s term for Sandisk SNDK, the maker of storage devices whose red-hot stock in recent…
Japanese multinational investment company SoftBank said it had sold its remaining stake in Nvidia for $5.83 billion (€5bn) as it pivots towards AI investments. SoftBank also reported stronger-than-expected earnings for the three months to 30 September, posting a net profit of ¥2.5 trillion (€14bn), more than double the ¥1.18 trillion (€6.6bn) recorded a year earlier….
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Over the past decade, the financial industry has undergone a profound transformation driven by technology. Traditional banks, once the undisputed leaders of the financial ecosystem, now face competition from agile startups and digital innovators known collectively as “fintechs.” These fintech apps have redefined how people interact with money—making financial services faster, more accessible, and more…