Broad market stocks experienced slight declines during the day, according to Alexander Morris, CEO and Chief Investment Officer of F/M Investments. He attributed the movements mainly to profit-taking and some concerns over global politics, but noted that the changes were not significant. Morris added that the VIX index remains low and equities generally…
China’s new target for cutting greenhouse-gas emissions has been branded “disappointing” and “underwhelming” by climate experts, who warn the pledge falls far short of the action needed to avert climate catastrophe. But the goal also stirred hopes that China, which until now has only promised to stop emissions from rising, may ultimately be able to…
In Q2, billionaire investor Bill Gates executed major stock trades worth over $4 billion (£2.9 billion) in two companies. According to the latest filings with the US Securities and Exchange Commission, Bill Gates purchased 6.95 million shares of Berkshire Hathaway Class B (NYSE: BKR.B) shares for the quarter ended 30th June, increasing his stake in…
Check out the companies making headlines in midday trading: Freeport-McMoRan — The mining company’s stock tumbled nearly 12% after it declared force majeure at its Grasberg mine in Indonesia. Freeport halted activity at the mine earlier this month after a mud rush led to a fatal accident. In addition, the company warned consolidated sales for…
Millions of people who receive food stamps could soon see smaller benefits or even get kicked out of the program due to changes that are starting to roll out from the Republicans’ “big, beautiful” tax and spending law, according to several analyses from the federal government and public policy think tanks. About 2.4 million people,…
[The content of this article has been produced by our advertising partner.] Financial markets are constantly changing, and as fintech platforms occasionally stumble due to glitches or user confusion, monetary disputes between financial institutions and customers are becoming more frequent. And when such disputes arise, failing to handle them promptly, fairly and to the satisfaction…
This Daily News Roundup is created once every day, based on news articles created by human reporters and editors at Bay City News. For this project, we prompted ChatGPT to analyze the articles produced by our staff during this 24 hour period and to choose 5 stories to highlight based on newsworthiness and human interest,…
The US unemployment rate has ticked up in recent months to its highest level since 2021. Meanwhile, job seekers say it’s taking them longer to find work as employers pull back on hiring. In August, the economy created 22,000 jobs, a decline from the revised previous month’s 79,000, according to data from the US Labor…
[The content of this article has been produced by our advertising partner.] To provide more children and young people with opportunities to engage with basketball, The Hong Kong Jockey Club has committed HK$70.75 million through its Charities Trust to support a three-year Jockey Club Believe & Bounce Basketball Programme. This initiative, to be jointly implemented…
儘管分析普遍認為，流動性是本輪中資股升浪的主要動力，但有外資大行指出，中資股盈利表現正在改善，而且改善勢頭可望持續到明年，故此展望後市，雖然港股可能出現短暫整固，惟在企業盈利等因素支持下仍有力進一步向上，明年中之前恒指尚有約5%上升空間。 大摩料獲利動力維持至2026 恒指自年初以來已累漲三成，摩根士丹利表示，中資股今年升浪並非完全由流動性與市場情緒兩方面所推動，因為MSCI中國指數盈利亦回穩，而且盈利預測獲上調的股份，範圍也有所擴大。該行又發現，盈利增長已連續3年為MSCI中國指數回報帶來正面貢獻，這是2010年以來首次。 大摩預計，中資股盈利動力能夠維持至2026年，主因互聯網、科技、醫藥和汽車板塊均呈現盈利上調趨勢。隨着電商價格競爭於今年第三季見頂，該板塊盈利預測下調情況未來料有所緩和，整體中資股盈利遠遜預期的風險將會降低。 另一間外資行花旗亦持類似看法，花旗銀行投資策略及資產配置主管廖嘉豪觀察到，市場在8月份向下修訂了部分中資股盈利增長，主要基於內地互聯網行業爆發外賣平台戰。隨着外賣市場競爭回穩，加上很多其他中資股板塊盈利恢復增長，他相信港股盈利明年可望廣泛復甦。 花旗：大市整 Source link