Hong Kong has been chosen as the host of table tennis’ season-ending WTT Finals, the sport’s chiefs announced on Monday. The event, in which the world’s highest-ranked players will compete for a prize pool of US$1.3 million, will take place at Hong Kong Coliseum from December 10 to 14. “Hong Kong is a city that…
The Federal Reserve isn’t expected to announce any changes to its key interest rate Wednesday, a sign of caution amid significant economic uncertainty.These borrowing costs have wide ripple effects across the economy, influencing mortgages, car loans and credit cards. The Fed previously raised its benchmark rate in a rapid series of hikes to fight pandemic-era…
When: December 25-29, 2024 Where: Hong Kong Convention and Exhibition Center, What: The Hong Kong Food Festival is a yearly culinary extravaganza that unites a wide range of local and international food offerings. Visitors have the opportunity to delve into themed areas showcasing delicacies from Japan, Korea, Taiwan, Southeast Asia, and other regions. Moreover, the…
UnitedHealth Group stock fell as much as 13% after the WSJ reported an investigation by the DOJ. The probe focuses on United’s Medicare billing practices. UnitedHealth faces multiple investigations, including antitrust issues and a blocked buyout. The move: UnitedHealth Group stock tumbled as much as 13% to $438.50, exceeding the lows reached in December following…
Russia’s stock market surged on Thursday after Trump and Putin had an hourlong call about the war. The call was widely seen as Washington moving to reconcile with Moscow after three years. It’s sparked fears in Europe that the US may abandon its lead position in the West’s bloc against Russia. Russia’s stock market posted…
Hong Kong resident Alan Chew* was aware that scamming had become rampant and believed he had done everything right after coming across an online investment opportunity. Yet, over four months from last October, he lost HK$1.3 million (US$145,100) of his life savings to scammers who persuaded, cajoled and threatened him over WhatsApp messages into parting…
Interest rates could be in the perfect range for markets right now, Morgan Stanley’s CIO said. The Fed left interest rates unchanged following its January policy meeting. Inflationary pressures could mean that future rate cuts aren’t coming for a while, forecasters say. The Federal Reserve’s decision to keep interest rates level after its policy meeting…
“Marvel Snap” was removed from US app stores alongside TikTok this weekend. The Supreme Court upheld a law requiring ByteDance to divest TikTok, affecting its other apps too. “Marvel Rivals” is so far unaffected but is also owned by a major Chinese conglomerate. “Marvel Snap,” a popular mobile card game, is now gone from US…
TikTok went dark for 170 million US users on Saturday. Users have taken to other corners of the internet to react to the shutdown. Internet personality James Charles, who boasted over 40 million followers, called the move “dystopian.” TikTok shut down its app for 170 million US users on Saturday as the deadline for the…
2025 could yield a great opportunity for bears to jump back into the market. Wall Street is pointing to the potential for more pullbacks from records as buying opportunities. Forecasters are expecting another positive year for the market, despite hefty gains in 2024. Investors who have watched from the sidelines as stocks soared to new…