Finance news

Chinese court holds 3 liable after man dies following all-night drinking, mahjong session

A legal ruling in China holding three individuals liable for the death of a friend following overnight drinking and gaming has ignited widespread online discussion. Three men in Urumqi, in northwestern China, were ordered by the court to compensate their friend’s family a total of over 100,000 yuan (US$15,000), after he died partying with them all night. The man, surnamed Gao, played mahjong with his two friends and the mahjong parlour’s owner, from almost 9pm to 3am the next day, in October...

Amazon might be one of the most misunderstood AI stocks right now.

A year ago people were worried Amazon was falling behind in AI. Now AWS is accelerating again, Amazon has its own AI chips, and it's still the cloud provider that many AI companies are comfortable building on. Yet the stock still doesn't seem to get much credit for any of it. Interesting how quickly the market narrative changes. submitted by /u/Ok-Barber3419 [link] [comments]

Youth suicides in Hong Kong hit 10-year high: court report

Youth suicide cases confirmed by Hong Kong Coroner’s Court reached a decade-high last year, despite a 10 per cent overall decline across the population to 1,019. According to the annual coroners’ report published last month, suicide cases confirmed by the court declined across almost all age groups, except for those aged between 10 and 19. Last year, 46 adolescents aged 10 to 19 were reported to have taken their own lives, up from 34 cases in the previous year and reaching a decade high. Most of

Honda, other Japan companies in pay workers to spearhead AI use

Japan to help universities pool investments as smaller schools struggle

In Malaysia, BN’s Johor ‘blue wave’ leaves Anwar’s PH facing hard questions

Barisan Nasional’s (BN) sweeping win in Johor is expected to embolden it within Malaysian Prime Minister Anwar Ibrahim’s unity government while forcing Pakatan Harapan (PH) into a difficult postmortem over its waning appeal on the ground. The Election Commission announced BN’s victory of 48 seats, out of 56 up for grabs, with PH managing only eight. BN’s result was better than the 40 seats it secured in the 2022 race. Analysts say the result, which came despite Anwar campaigning heavily for PH,.

Iran declares Strait of Hormuz closed, US launches new strikes

Iran on Sunday said ⁠it closed the Strait of Hormuz after a vessel travelled on an unapproved route and was struck, warning that any retaliation over the incident would be met with a “severe response”. “A vessel that had jeopardised maritime security by switching off its systems was struck and brought to a halt,” the Navy of Iran’s Islamic Revolutionary Guard Corps said in a statement, without giving any details about the ship. ⁠The ⁠US ⁠military said shortly after that it had launched a new...

Warning shots fired: Iran's Revolutionary Guard: Strait of Hormuz closed

The Iranian Revolutionary Guard Navy says it has stopped a ship in the Strait of Hormuz. The strait, which is important for trade, will remain closed for the time being.

The Next Bull Market Could Be Built on Inventory Replenishment

The Middle East is once again at the center of global energy markets due to the renewed military confrontation involving Iran. Markets, however, should recognize that, unlike in previous crises, the world is entering this new phase with a significantly weaker strategic safety net. At present, crude oil prices still respond to headlines surrounding military operations, shipping incidents, and diplomatic statements. Still, it is now time that markets should no longer overlook the structural conseq

Section 530A "Trump" accounts usually have worse tax benefits than even Traditional IRA and normal taxable accounts UNLESS they're converted to a Roth IRA later on

Section 530A "Trump" accounts have fewer tax-benefits (unless converted to Roth IRA) in most situations compared to normal taxable accounts. They're somewhat similar to really, really shitty Traditional IRA accounts where even the initial deposits are already taxed. So you don't even get the initial tax deductible benefit. (And even the donations are taxable later on.) Trump accounts are far worse tax-wise than even normal taxable accounts for most situations because: Normal taxable account gain

Reading the Sino-US rivalry: how a quiet literary relationship has shaped views on China

As the United States marks the 250th anniversary of its founding, it confronts a new world order dominated by its relationship with China. In this wide-ranging series, we examine the pressure points and possibilities in those ties, from hard tech to soft power. Here, Khushboo Razdan looks at how books shape public perceptions and inspire lifelong connections between the US and China even as their geopolitical rivalry intensifies. Alexander Boyd was 14 when a book about China altered the course..

Help me get over my fear of taking profits

Basically I like to hold my shares to the point that I grow very attached to the company. It’s not ideal but it’s the truth. Even when I’m confident the shares will go down and I should sell so I can buy lower and get more shares, not being in the market gives me anxiety. Can you all help me with that I’d have hundreds of more shares of micro if I’d just take profits and buy back lower. I’m so tied to the stock that I figure I might as well hold because I’m constantly watching the ticker ( even

Trump’s crypto windfall showcases his ability to turn loyalty into power

Like many people outside the United States, I admire much of what it represents: open debate, strong institutions, energetic politics and the belief that public power should be restrained by rules. That is why watching the US today is so extraordinary. Consider US President Donald Trump’s meme coin. Nearly a million accounts that bought the $TRUMP coin have lost money, according to a report in The New York Times based on analysis of blockchain transactions. Their collective losses have been...

Companies in Japan pay workers bonuses to spearhead AI use

Kansas Becomes Testing Ground for a Radical Nuclear Reactor Design

An unconventional approach to nuclear energy production just got one step closer to reality. A prototype reactor canister just arrived at its installation site in Kansas, where it will soon be part of a proof of concept for a first-of-its-kind underground small modular reactor system. California-based startup Deep Fission believes that by burying a small nuclear reactor deep under the ground, they can make nuclear energy cheaper and safer at a time when round-the-clock carbon-free energy is need

Investing Firm Recomendations for People Completely Over Their Heads

I'm looking to find the best type of firm (Fisher, Vanguard, Schawb, private etc.) to help a friend invest. I'm not looking for investment advice per se, I'm looking for guidance on where to send someone looking for support. She's a lady in her late 60's who just inherited her father’s estate. About $2M +/-. She talked to someone willing to manage her money for 4-5%. We told her to hold on that because one, that was way, way too much and two, her money was in seven banks(!) and she didn't know h

Taylor Swift foot US$160,000 police bill for her wedding, New York mayor says

Taylor Swift shelled out six figures to cover the cost of NYPD officers and other city resources required to protect her massive Madison Square Garden wedding to Kansas City Chiefs player Travis Kelce earlier this month, New York Mayor Zohran Mamdani revealed. The Grammy winner “has paid already the cost of the permit that was lodged, which was over US$160,000 for that event and for the response to that event”, Mamdani said during a Friday press conference, after a reporter asked him whether...

Investing is really a lifelong battle against our own emotions

Last year, I invested Oracle at the price of 300+ (without leverage). I guess you already know what happened next. Yes, I have been trapped until now. For a long long time, I didn't want to open my brokerage account and avoided checking Oracle's stock price. I was simply avoiding facing the mistake I made. After this Oracle thing, I became so conservative that I would only buy stocks in increments of a few hundred bucks (even though the data for those stocks looked great). I was eager to break e

Assassinations unleashed under Trump haunt Iran war endgame

Shortly before US President Donald Trump ended a ceasefire with Iran this week, Israeli officials presented his team with intelligence indicating Tehran was hatching new plots to kill him. It was not the first such warning. US law enforcement and intelligence agencies have tracked evidence for years of Iranian efforts to target the president, with signals only increasing since the start of the war. Their desire to target Trump and his top aides began six years ago, just outside Baghdad...

Help me find missing ancient stocks

My greatgrandma bought my mom AT&T stocks at least 50-55 years ago when my mom was a kid. My mom doesn't know how many shares that was and where exactly were they held - but assuming it could sum up to a lot of money, me and my mom would like to find them. Any help would be appreciated 🙏 submitted by /u/Effective_Knee_3401 [link] [comments]

The Escalating Energy War Between California and the White House

In recent years, California has grown increasingly progressive in its energy policy, shifting away from fossil fuels toward renewable alternatives. The state has invested heavily in developing its renewable energy capacity over the last decade, in a bid to decrease reliance on oil, coal, and gas. This has helped it reduce emissions as many other U.S. states struggle to decarbonise. While the move is seen as positive by millions of Californians, President Trump is not so sure. The Trump administr

Anwar coalition suffers heavy defeat to ally in Malaysia's Johor vote

Toyota group unloads shares in dozens of companies

State party conference: AfD is planning a radical change of course in Saxony-Anhalt with a 100-day program

At the state party conference, the AfD presents an immediate program with ten points in the event of a takeover of government. At the forefront: public broadcasting – and migration.

State party conference: AfD plans radical change of course with 100-day program

The AfD is presenting an immediate program with ten points for a possible takeover of government in Saxony-Anhalt. The first steps should begin on the first day.

Runner gored in the face at Spain’s San Fermin bull run festival

A runner was gored in the face and many more were fortunate to not be seriously injured during a chaotic bull run at Spain’s San Fermin festival on Saturday. The six bulls and accompanying steers charged through crowds of thrill-seekers who packed the narrow street course in Pamplona. The huge animals knocked down bodies to the cobblestones, and stumbling runners caused several pile-ups during the two-and-a-half-minute run from the pen to the bull ring where bullfighters will kill the bulls...

Why don't the stock prices of good companies always go up?

I am from the Philippines. 1 yr since I started investing. Mostly invested in the S&P 500 because of THIS exact question. Been studying about basic fundamental analysis. and so far what I get is that, you should choose good companies, those whose products are needed, earnings are growing, have a good competitive advantage, among others. In my country, there are various companies whose earnings are growing, have wide economic moats, and are household staples and widely known by everyone. But desp

Comment: AfD nationalism does not solve everyday problems

The AfD promises a radical new start for Saxony-Anhalt. But their 100-day program hardly offers any solutions to the country's specific problems.

Can Colombia’s New Government Reverse the Nation’s Oil and Gas Decline?

In a closely contested presidential election in Colombia, controversial far-right candidate Abelardo de la Espriella emerged victorious. After an official recount, his opponent, left-wing senator Ivan Cepeda, conceded defeat. This was a hard-fought campaign which split the community, sparking much controversy across Colombia. While debate rages over De la Espriella’s policies and ascension to power, it is clear his presidency will be a godsend for Colombia’s beaten-down, economically critical oi

The volatile AI trade marched higher, but oil kept Wall Street on edge last week

Chip stocks had a wild but strong week. Meta led our portfolio higher.