The default of a major Hong Kong property developer could send shock waves through the broader sector and scuttle a potential recovery in the residential market, according to S&P Global Ratings. “Hong Kong’s residential property recovery may be slipping out of view,” the credit-rating agency said in a report on Thursday. “S&P Global Ratings believes…
On Thursday, U.S. stock futures are mixed after the Federal Reserve’s latest stance on interest rates. Already, S&P 500 and Nasdaq futures are in positive territory up as the Dow continues to make its way down, pointing to uncertainty around the Fed’s outlook. Markets have been cautiously optimistic since the Fed sent out signals that…
Image: Firdous Nazir/NurPhoto (Getty Images) This story incorporates reporting from YAHOO!Finance, Yahoo Finance and MSN. Nvidia and other prominent tech stocks regained ground on Tuesday, following a sharp sell-off on Monday driven by concerns over artificial intelligence. The Nasdaq Composite surged over 1%, with significant contributions from tech companies. The S&P 500 rose 0.9%, while…
Jan 24, 2025 The Chinese stock market is witnessing a transformative shift as companies, encouraged by Beijing, ramp up share buybacks and distribute record dividends, according to Yahoo Finance. These efforts are designed to boost shareholder returns and instill renewed investor confidence in a market that has seen sluggish growth over the years. Data from…
Jan 21, 2025 The hotel industry in Hong Kong is poised for a remarkable year, as tourism rebounds and property owners look forward to lucrative asset sales. Industry experts are optimistic about the sector’s potential, according to a recent report by Colliers. Notable hotel transactions in Hong Kong amassed HK$7.85 billion over the last two…
Whenever interest rates climb, so do calls to unpeg the Hong Kong dollar from the US currency. With US interest rates elevated and the Hong Kong dollar hitting a 3½-year high against the American dollar earlier this month, the debate has flared up again. Some argue that the dollar peg limits Hong Kong’s monetary flexibility…
Google-owned YouTube TV (GOOG, GOOGL) is raising the prices of its monthly subscription plans, with plans rising to $82.99 per month up from the prior $72.99. “We don’t make these decisions lightly, and we realize this has an impact on our members,” YouTube wrote in an email to customers. The company said the increase comes…
With the company raising its annual projections, indicating strong holiday demand and boosting investor confidence, Lululemon Athletica (NASDAQ:LULU) shares rose over 15% on Friday, and more than 25% in the past five days. The excellent quarterly performance of the athleisure retailer has inspired at least 17 brokerages to raise their pricing targets. Lululemon Soars 15%:…
Recession fears have eased, boosting investor confidence in the stock market. Albert Edwards warns a market pullback could come without a recession, however. Rising Treasury yields and drying liquidity could hurt stocks with valuations high. Recession fears have largely dissipated since this summer, bolstering investor confidence in a roaring stock market. But Albert Edwards wants…
(Reuters) – Palantir shares jumped over 12% on Tuesday after the data analytics firm raised its annual revenue forecast for the third time, bolstering investor confidence that the artificial intelligence boom was fueling demand for its services. The company is among the biggest stock market winners of the generative AI boom, with its shares more…