The Hang Seng Tech Index continued its strong downward trend this week as some key Chinese technology companies published weak financial results and as mainland Chinese investors continued selling Hong Kong shares. It tumbled to a low of H$5,100, its lowest level since June last year, and is down by over 23% from its highest
Paramount Skydance has prevailed in the high-stakes takeover battle for Warner Bros. Discovery after Netflix declined to match the David Ellison-led group’s improved offer, reshaping the competitive landscape of the global media and streaming industry. Warner’s board determined that Paramount’s $31-per-share all-cash proposal for the entire company was superior to Netflix’s earlier agreement to purchase
Gold edged higher on Thursday as uncertainty over US tariff policy, renewed geopolitical tension, and fresh US labour data supported safe-haven demand. A softer dollar added to gains, while investors digested weekly jobless claims figures and monitored developments in US-Iran nuclear talks taking place in Geneva. Spot prices held near recent highs after a strong
Warner Bros. Discovery reported lower revenue and a wider-than-expected loss in its latest quarter, as pressure across its traditional television businesses overshadowed continued growth in streaming. The results come as the media group remains at the centre of a high-stakes takeover contest involving Netflix and Paramount Skydance. The company posted a fourth-quarter net loss of
Billionaire hedge fund manager David Tepper has taken his frustration with Whirlpool public after the appliance maker moved to raise fresh equity, a step that dilutes existing shareholders. Tepper’s Appaloosa disclosed a near 10% Whirlpool stake last fall, but more recent filings show that position is smaller, highlighting how quickly the trade has shifted from
US equities advanced on Wednesday, supported by strength in major technology names, as investors looked to extend gains from the previous session. The Dow Jones Industrial Average rose 224 points, or 0.5%. The S&P 500 gained 0.5%, while the Nasdaq Composite added about 0.7%, reflecting broad-based buying across growth-oriented sectors. Market sentiment was underpinned by
As interest in tokenised real-world assets and on-chain derivatives has grown, Ostium has emerged as a significant participant in the segment. The platform is built around the idea that trading is becoming more cross-asset and increasingly influenced by macroeconomic developments. In 2025, the company reported strong growth in volumes, user numbers, and open interest, alongside
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said growing competitive pressures across finance are beginning to resemble conditions that preceded the 2008 financial crisis, raising concerns about risk-taking in lending markets. Speaking to investors during a company update, Dimon said some lenders appear to be loosening standards in pursuit of profit growth, particularly
Royal Bank of Canada stock has been in an unstoppable bull run in the past few years and is now hovering at its all-time high. It has soared by 160% in the last five years, beating JPMorgan, which has jumped by over 133% in the same period. So, will the rally accelerate as the company
Millions of people on GLP-1 weight-loss drugs know the weekly routine by heart: a new injector pen, a new box, another reminder to refill, and one more item for the sharps bin. Eli Lilly is trying to make that routine feel less like a chore. The company says it has launched a new Zepbound KwikPen