The Hang Seng Index has been in an uptrend this year as global investors rotated to equities. It jumped to the year-to-date high of $25,750, much higher than the 2023 low of $14,515. Explore what to expect this week as the top companies publish their earnings. Tencent The main catalyst for the Hang Seng Index
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48Senate Republicans left Washington this week to sell President Donald Trump’s ‘big, beautiful bill,’ but the road to creating and passing the legislation began just over a year and a half ago. Trump’s $3.3 trillion megabill, crammed with his legislative priorities on border security, defense and energy, was a product months in the making. And
55Firefly Aerospace’s stock took a big hit on Friday, dropping about 11% after a wild but exciting debut earlier in the week. When the company priced its IPO at $45 a share and started trading on Nasdaq as “FLY” on August 7, shares shot up over 34% on day one, opening at $70 and hitting
57As Japan marks the 80th anniversary of the atomic bombings, the mayor of Nagasaki is warning that the world could see the same kind of devastating attack again. Approximately 2,600 people, including representatives from 90 countries, attended the memorial event on Saturday at Nagasaki Peace Park, according to the Associated Press. At 11:02 a.m., the
57Bed Bath & Beyond is back — kind of. The bankrupt home goods chain is being resurrected by the owners and licensees of its intellectual property, which opened the first new Bed Bath & Beyond store in Nashville, Tennessee, on Friday with potentially dozens of more to come. This time around, the store has a
58Under Armour shares fell as much as 21% to $5.25 in early trading on Friday after the sportswear maker warned that sales would deteriorate further this quarter and that tariff-related costs for the fiscal year would be $100 million higher than expected. The company forecast a revenue drop of between 6% and 7% for the
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73US stocks gained on Friday, setting the three major indexes on course to finish the week higher. The Dow Jones Industrial Average rose 139 points, or 0.3%, while the S&P 500 and the Nasdaq Composite each advanced 0.3%. For the week, the S&P 500 is tracking a 2% gain, the Dow is on pace to
71While President Donald Trump previously refrained from speaking ill of Russian President Vladimir Putin, those days are over. The ongoing war between Russia and Ukraine has changed the nature of their dynamic. Although the two appeared to get along, at least publicly, during Trump’s first administration, their relationship has unraveled as the more recent conflict
124President Donald Trump on Thursday demanded that the CEO of the tech firm Intel resign immediately, saying he is “highly conflicted” because of alleged ties to China. “There is no other solution to this problem,” Trump wrote on Truth Social. Trump’s attack on the Intel chief is his latest attempt to pressure the semiconductor industry,
