Finance news

Rising rents: Tenants' Association warns: Millions of tenants overburdened by housing costs

There is a large proportion of low-income tenants. The tenants' association criticizes the burden of housing costs, especially for those living in big cities and in new contracts - and demands consequences.

Oil Prices Climb as U.S. Strikes Tanker and Downs Iranian Drones

Oil prices rose in early Asian trade on Wednesday after yet another escalation in the Middle East, with Iran firing missiles at Kuwait and Bahrain, and the U.S. firing on and disabling an oil tanker heading toward Iran. At the time of writing, Brent front-month futures had climbed 1.09% to trade at $97.05 per barrel, while West Texas Intermediate had risen 1.19% to $94.88 per barrel. Both benchmarks are trading near one-week highs after posting strong gains in the previous session. According to

Hong Kong pitches Northern Metropolis as ASEAN gateway to Greater Bay Area

[The content of this article has been produced by our advertising partner.] Hong Kong is stepping up efforts to position the Northern Metropolis as a platform connecting ASEAN businesses with opportunities across the Greater Bay Area, as diplomats, chamber representatives and business leaders from Southeast Asia were brought on a government-led tour of the mega-development project. The nearly 70-strong delegation, organised by the Hong Kong-ASEAN Foundation (HKAF) in conjunction with the...

US Federal Reserve: New Fed Chairman Warsh hires co-author of “Project 2025”.

Kevin Warsh brought two conservative experts to his side at the start. One of them was involved in “Project 2025” and wrote a chapter on the restructuring of the central bank.

Where is the Uber of the AI era?

We keep talking about what roles will be replaced with AI and where gains will be made etc. but I’m kinda surprised by the fact I’ve not yet seen any major markets or industries totally revamped due to AI similar to the way Uber revamped the taxi model. Ride sharing all but replaced taxi services due to mobile apps, gps tracking and P2P matching. Surely the efficiencies inherent with AI means certain services or industries will be totally revamped as an AI powered disruptor arrives. Where has it

Hong Kong is emerging as a leading capital hub of the multipolar era

For years, Hong Kong’s obituary has been repeatedly written by international commentators. Geopolitical tensions, pandemic isolation, concerns over capital flight and questions surrounding the city’s future contributed to a narrative of irreversible decline. In many Western analyses, the assumption that Hong Kong’s best days as an international financial centre were behind it became almost automatic. Yet the latest global wealth management data tells a very different story. According to...

US and Iran exchange new attacks as sides locked in stalemate

Gulf hostilities flared anew on Wednesday, ⁠with the US military saying Iranian missile attacks ⁠on Bahrain, Kuwait and other regional targets were either thwarted or ⁠failed as diplomacy between Washington and Tehran showed little progress. Two Iranian missiles shot at Kuwait fell short or broke apart in-flight, several ballistic missiles aimed at regional targets failed and three missiles heading for Bahrain were intercepted, US Central Command said. Since the conflict began in late February,.

Invest: Investor Jenny Johnson: “Capital goes where it is treated well”

In the podcast, the head of the asset manager Franklin Templeton talks about the competition for Europe and why the AI ​​boom is not yet over.

More red tape, less progress: China’s cadres struggle to adopt ‘error tolerance’

Despite repeated directives to ease the burden on local officials and curb formalism, many of China’s cadres still find themselves trapped in a frustrating cycle of working harder yet achieving fewer tangible results, according to state-linked media. Banyuetan, an influential biweekly magazine affiliated with state news agency Xinhua, outlined five symptoms of this “busier-but-emptier” phenomenon in a report published on its website on Tuesday. Beijing has long called for easing the burden of...

China woman uses 60kg chocolate to craft mini 3D replica of ancient painting, earns 1 million likes

A woman in China with no formal training in the arts has used 60kg of chocolate to make a 3D miniature copy of the famous painting Along the River During the Qingming Festival. A video showing the chocolate version of ancient Bianjing city released by the blogger, who uses the alias Fan Sumu, in late May has garnered about one million likes, Jimu News reported. The masterpiece was painted by Zhang Zeduan of Northern Song dynasty (960-1127), is among the best known artworks in Chinese...

Hong Kong authorities to take over care of undocumented baby after parents’ arrest

Hong Kong social welfare authorities are expected to take over the care of an undocumented baby for at least a year and may arrange foster care after his parents were arrested over suspected child neglect, a lawmaker has revealed. Legislator Reverend Peter Koon Ho-ming told the South China Morning Post that the Social Welfare Department would later consider placing two-month-old Danny in foster care until his parents were deemed fit to regain custody. Koon disclosed the plan after the department

Singapore arrests 3 Chinese nationals after woman, child locked during hotel robbery

Three men have been arrested after they allegedly robbed a woman and locked her and her child on a balcony at Marina Bay Sands (MBS) in Singapore. The police said on Tuesday that they were alerted at about 7pm the day before to a case of robbery with hurt along Bayfront Avenue. According to preliminary investigations, a 45-year-old woman visited the area after agreeing to exchange S$50,000 (US$39,000) worth of cash for foreign currency with someone she spoke to on a messaging platform. The...

Oil climbs as U.S.-Iran trade strikes while Trump says negotiations with Tehran underway

U.S. Central Command said Tuesday that it had defeated multiple Iranian ballistic missiles following "attempted attacks" by Iran.

Iran War: US military: Iranian attacks repelled in the Gulf region

Despite the ceasefire in force, the situation between the USA and Iran is escalating again. Tehran says it is retaliating after a US attack on an unloaded oil tanker.

Found out a trader made $1M betting on US military strikes before they happened and its completely legal

I saw this on the house.gov website earlier, and I thought it was wild. Basically, there's documented evidence of a single trader who made nearly a million dollars betting on US military strikes against Iran. 93% success rate. He was placing bets hours before each attack happened. October 2024, June 2025, February 2026. Congress is now investigating, and subpoenas are being discussed. On top of that 38 separate accounts made over 2 million dollars on one strike alone after loading their accounts

Crypto friendly bank?

Hello, I would like to get another checking account for smaller online purchases and transfers on Coinbase for cryptocurrencies, so I'm looking for one that doesn't block my account directly because of such transfers to my broker. Does anyone have a recommendation? submitted by /u/SnooCauliflowers1640 [link] [comments]

How are you hedging your portfolio given the current market conditions?

Title sums it up. I just don't understand how the market treats any news nowadays as always positive, especially with the Iran crisis. I do understand that capex spending is still here, and companies are backed by real revenue and income, I just don't understand the crazy exuberance like the Marvell situation today. My portfolio for example is extremely concentrated and would do horrible in a large correction / crash. I got extremely lucky buying Micron last year, and I also doubled up on Google

Wondering the best time to take RMD?

For those who inherited an IRA a year ago and haven't taken any RMD yet, and 60 years old, which is preferable? Taking a lump at the end of the year, or dispersing it monthly, or letting it build up and compound? And say you are going to take it as a lump at the end of the year, wondering if it would be better to take it on a day when the account is doing well, or on a day when it has dipped. submitted by /u/Jellodrome [link] [comments]

AI Infrastructure Investing

Hi Experts. I hope this is right place to post. I’m looking to find a list of all the different categories of investment opportunities with AI Infrastructure and perhaps examples. I’m still learning and get confused with the different areas of AI Infrastructure. Thanks for everyone’s suggestions. submitted by /u/Dry-Project-8124 [link] [comments]

Hitachi, Ricoh to build low-cost modular EV battery plants

SK Hynix ascends as new memory king with high-bandwidth AI chips

Hong Kong helpers urge employers to relax ‘air-con ban’ in heatwave

Domestic workers in Hong Kong are routinely banned from switching on air conditioning when working at home alone, union leaders have said, urging employers to allow helpers to use it during very hot weather. The issue surfaced last week after an employer drew widespread online criticism for scolding her domestic helper for switching on an air conditioner an hour earlier than household rules allowed, as an intense heatwave gripped the city. The Hong Kong Observatory said high temperatures would..

Japanese MP’s claim China eyes Antarctic ‘treasure trove’ dismissed

A Japanese lawmaker’s claim that China has its eyes on “a treasure trove” of resource wealth hidden beneath the Antarctic ice sheet has been dismissed by a polar law expert as a misreading of international obligations. But the claims made in parliament by Mitsuhiro Yokota, a member of the Japan Innovation Party, have also raised questions about what might happen to the world’s last great wilderness in future. “Beneath Antarctica lies a treasure trove of oil, natural gas, coal, iron ore, gold and

How Long Can Demand Destruction Keep a Lid on Oil Prices?

In a somewhat puzzling market development, oil prices haven't spiked yet to record highs amid the worst supply disruption in history. That's because the market still hopes for a quick resolution to the Strait of Hormuz crisis (for more than three months now), global inventories have offered a supply buffer, the world's top crude importer, China, is staying away from spot purchases, and last but not least, demand destruction is accelerating amid the high prices. Beyond the near-term supply chaos

About to get an inheritance. Don't wanna screw it up.

Hey all, I'm about to get an inheritance and I've never had money before. Paycheck to paycheck my entire adult life. After I've paid off all of my high interest debts, I'll likely have around 100k left. I don't want to buy any new cars/houses/anything frivolous. Ive always lived below my means out of necessity and don't plan on changing that much. I want the money to work for me so I can sleep well at night. I rent and have no intentions on buying a house anytime soon. My wife and I both have fu

China is making it harder for Mom and Pop to access U.S. stocks. Here's who will benefit

Chinese regulators recently tightened scrutiny on offshore brokerages including Futu and Tiger Brokers.

Pay off heavily or invest minimally?

I recently bought an apartment and it is rented out. I have an interest rate of 3.7% and the remaining debt is around 200,000. I have 1% repayment and can make a 5% withdrawal each year (which I definitely will). I'm thinking about repaying the loan in full after five years. I want to invest the money in the following ways: Either with low risk in government bonds or some fixed-interest items Or: in various ETFs, but these have been so strong lately

Asia-Pacific markets set to open mixed as concerns over Middle East conflict rise

Asia-Pacific markets were set to open mixed amid concerns over volatile oil prices with the Strait of Hormuz remaining closed.

The US military wants to showcase battle-ready laser weapons by 2028

A directed energy demonstration is expected to occur during the summer of 2028, as part of a series of planned Golden Dome-related events.

The 6% solution is gone: How overcrowded AI-powered trading has erased investors’ advantage

So many AI-driven stock picks, so little profit.