CK Asset Holdings, one of the flagship companies owned by billionaire Li Ka-shing’s family, reported weaker-than-expected first-half profit amid a challenging housing market in Hong Kong and declining rental income from its commercial properties. Profit attributable to shareholders fell 26.2 per cent to HK$6.3 billion (US$806.4 million) in the six months to June, according to…
(Bloomberg) — Across equity, bond and currency markets, gauges of volatility are slumping to their lowest levels of the year. The Cboe Volatility Index, which measures the expected 30-day volatility for the S&P 500 — and dubbed Wall Street’s fear gauge — just fell to its lowest since December. A similar index for global currencies…
(Bloomberg) — Global investors dived into the riskiest assets after a benign US inflation report dispelled fears of stagflation and lifted a roadblock for the Federal Reserve to cut interest rates. Stocks jumped to fresh record highs, and small-cap stocks, emerging-markets and semiconductors extended a rally. Measures of implied volatility plunged even as President Donald…
(Bloomberg) — Growing worries that artificial intelligence tools could soon disrupt the world’s biggest software businesses are sparking a selloff across the sector. A 30% plunge in Monday.com Ltd. (MNDY) shares grabbed investor attention in Europe on Tuesday, with some analysts saying the drop reflected concerns over the long-term competitive threat of AI as much…
(Bloomberg) — Christopher Harvey, head of equity strategy for Wells Fargo Securities LLC, has left the firm. Most Read from Bloomberg Harvey departed the bank after 12 years, according to a person with knowledge of the matter who asked to remain anonymous because the information is private. He was responsible for establishing the firm’s equity…
(Bloomberg) — A record share of fund managers see US stocks as too expensive after the sharp rally since April lows, according to a monthly survey by Bank of America Corp. Most Read from Bloomberg About 91% of participants indicated that American stocks are overvalued, the highest ever proportion in data going back to 2001….
Australian Prime Minister Anthony Albanese reacts as he holds talks with China’s President Xi Jinping in the Great Hall of the People in Beijing, China, Tuesday, July 15, 2025. (Lukas Coch/AAP Image via AP) Prime Minister Anthony Albanese announced on Monday that Australia will formally recognise a Palestinian state, joining the ranks of countries like…
(Bloomberg) — Figma Inc. has taken investors who pounced on the year’s hottest initial public offering for a wild ride, shedding $21 billion from a peak in the days following its record-breaking IPO. Most Read from Bloomberg The San Francisco-based company’s shares have been trading on-and-off all week below the $85 level, where they opened…
(Bloomberg) — Artificial intelligence’s imprint on US financial markets is unmistakable. Nvidia Corp. is the most valuable company in the world at nearly $4.5 trillion. Startups from OpenAI to Anthropic have raised tens of billions of dollars. Most Read from Bloomberg But there’s a downside to the new technology that investors are increasingly taking note…
Donald Trump has, quite literally, covered the Oval Office in gold. Bloomberg / Bloomberg via Getty Images He put those gold medallion-things everywhere: BRENDAN SMIALOWSKI / AFP via Getty Images There are golden cherub babies scattered about: JIM WATSON / AFP via Getty Images Related: “I’ve Never Said A Word About It In Real Life”:…