People walk in front of the Exchange Square, which houses Hong Kong Stock Exchange, in the city’s Central financial district, on July 27, 2026. (SHAMIM ASHRAF / CHINA DAILY) Artificial intelligence chipmaker Moore Threads Technology Co said it plans to list in the Hong Kong Special Administrative Region at an “appropriate time” after its shares…
Key stock indices on Wall Street were mixed on Thursday after mixed financial reports from major technology firms and comments from Federal Reserve Chair Jerome Powell raised doubts about further interest rate cuts this year. On Wednesday, the Federal Reserve lowered interest rates by 25 basis points but Chair Jerome Powell signaled a subtle shift…
Wall Street’s attention in the week ahead will largely be fixed on a scheduled address from the Federal Reserve Chair, Jerome Powell, alongside the onset of the third quarter earnings season. Economic data, typically a key driver, will take a backseat due to ongoing delays caused by the US government shutdown. Mr Powell is due…
Wall Street is set for a busy week with a plethora of economic data releases scheduled. The primary focus for market participants will centre on the September non-farm payrolls report and the August job openings numbers. Beyond these key employment figures, traders will be closely monitoring releases covering S&P final manufacturing and services PMIs, consumer…
Amazon founder and billionaire, Jeff Bezos, is known for frequently making donations to non-profit organisations. He himself runs non-profit funds, foundations, and preschools aimed at climate change and education. According to Form 4 filings with the US Securities and Exchange Commission, Bezos gifted over 5.2 million shares of Amazon (Nasdaq: AMZN) to non-profit organisations between…
Equities Blacklisted by US, company aims to cement position in AI industrial revolution Chinese vehicle sensor maker Hesai celebrates its listing on the Hong Kong Exchange on Sept. 16. (Photo by Kensaku Ihara) WATARU SUZUKI and LORRETTA CHEN September 16, 2025 12:05 JST HONG KONG — Hesai Group, China’s leading producer of laser sensors for…
Technology Tech sell-off spreads to Japan after American market jitters The U.S. Department of Commerce plans to remove Samsung Electronics and SK Hynix from its list of so-called validated end-user authorizations, forcing them to apply for an approval every time they transfer U.S. commodities, software or technology to their Chinese operations. (Source photos by Reuters) KIM JAEWON and…
(Reuters) -Warren Buffett’s Berkshire Hathaway has acquired 5 million shares in UnitedHealth Group, a regulatory filing showed on Thursday, sending the health insurer’s stock up 7% in extended trading. Billionaire investor Buffett owned about 1.18 million shares in UnitedHealth between 2006 and 2009, before selling his entire stake in 2010 amid a broader retreat from…
US stocks opened higher on Friday on hopes of a dovish Federal Reserve board after President Donald Trump’s temporary pick for a central bank governor post. As of 12:18 PM Eastern, the S&P 500 was up 0.8%, the Dow Jones Industrial Average rose 0.6%, and the Nasdaq added 0.9%. As of 9:57 AM Eastern, the…
Jeff Bezos is once again making headlines—not for launching rockets or buying another mansion, but for giving away millions. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), the Amazon founder donated 296,182 Amazon shares, worth approximately £47.02 million ($60.71 million), to non-profit organisations. The transfers were made over two days…