Finance news

Who benefits from the ‘significant improvement’ in Hong Kong’s finances?

It’s that time of the year again – tax season, so don’t forget to fill out your return. It’s also the time of the year when the Hong Kong government decides on pay rises for its civil service staff of over 170,000. There’s a well-established system for deciding on pay rises. It includes the pay trend survey submitted to the government last week. Its preliminary results indicate that civil servants are in line for wage increases of 4.12 per cent for senior civil servants, 2.64 per cent for...

Parents begin wealth transfer plans when children are as young as four

[The content of this article has been produced by our advertising partner.] Affluent parents in Hong Kong and mainland China have begun wealth transfer planning when their children are as young as four, according to a new survey by DBS Hong Kong. “DBS Treasures Affluent Family Survey 2026 – From Education to Inheritance: Planning for Children’s Future”, which polled families in Hong Kong and mainland China, found that parents set aside an average of HK$5mn in liquid assets for the next...

The Story of Foxtrot: A Messy Private Restructuring Highlighting Successor Liability Questions

Really interesting story in the corporate bankruptcy/restructuring world on the private side. The most comprehensive coverage is in a write up by MotherJones which I can't link here. They're not shy with their perspective on PE as a whole, but their article is the most complete versus the bits and pieces coverage from most sites. https://www.cbsnews.com/chicago/news/foxtrot-market-and-doms-kitchen-file-for-bankruptcy/ https://chicago.eater.com/2024/5/16/24157698/foxtrot-bankruptcy-auction-comeba

Hong Kong’s John Lee on Central Asia mission to explore new markets, expand ties

Hong Kong’s leader begins an official visit to Central Asia on Monday with his largest delegation to date, aiming to explore new markets amid geopolitical uncertainties and help mainland Chinese companies “go global”. Sources said dozens of memorandums of understanding (MOUs) were expected to be signed by representatives from various sectors and their counterparts in Kazakhstan and Uzbekistan during the five-day visit. One of the deals under the spotlight will be between tungsten miner Jiaxin...

Why a fabled Chinese surgeon’s tomb may help rewrite history of anaesthetic use

On October 16, 1846, the American dentist William T.G. Morton successfully demonstrated the use of inhaled ether anaesthesia at Massachusetts General Hospital in Boston, an event widely considered a turning point in modern surgery. But this record may have to be rewritten after new evidence emerged that in the 14th century AD, Chinese surgeons were making their own anaesthetics from plants. Their use had previously been recorded in ancient Chinese texts, but now the first physical evidence...

Japan Buddhist monk bar has heaven- and hell-inspired drinks, offers beating service

A Tokyo bar run by Buddhist monks has become an online sensation for its unusual blend of cocktails, chanting and death-themed rituals. At the Vowz Bar in the city’s Shinjuku district, patrons can sip drinks inspired by heaven and hell, seek life advice from the monk staff and listen to sutras performed in a modern musical style. According to a Chinese visitor @kaolababyy, the menu features cocktails such as “Nirvana in the Pure Land”, “Never Ending Suffering in Hell” and “Love and Hate leading.

Oil jumps 2% as Israel expands Lebanon offensive, rattling ceasefire hopes

Oil prices surged on Monday after Israel instructed troops to push deeper into Lebanon amid renewed clashes with the Iran-backed Hezbollah group.

Colombia: Runoff election: Left-wing senator against right-wing lawyer

The decision on Colombia's next president will only be made in the runoff election. The South American country will then be faced with a choice between left and right.

SLS, NBIS or SNXX for this coming week

I’ve been looking between these three positions for a little while now. Seeing a lot of positivity online for SLS, but also seeing strong numbers for NBIS in the last half a year and wondering if I should jump on that bandwagon. But, last but not least, SNXX has also been really compelling. Especially with how SNDK seems to be just going up up up nonstop. Any thoughts between these three? submitted by /u/Semi_Competent_Nick [link] [comments]

$NOW is up 10% overnight. Is SaaS the next boom that won't ever stop?

I've mostly been focused on AI names and semis, but seeing $NOW jump 10% after earnings/news has me wondering if the market is starting to reward software again. For the last few years it felt like SaaS was dead money compared to chips and infrastructure plays. Now companies like ServiceNow seem to be putting up strong numbers and getting premium valuations again. Do you think we're entering another multi-year SaaS run, or is this just a temporary rotation while AI spending works its way through

Berkshire Hathaway makes $6.8 billion housing bet with Taylor Morrison deal

The acquisition marks one of the first major strategic deals under Warren Buffett's successor Greg Abel, who took over as CEO in the beginning of 2026.

Isabel Schnabel: From money market funds to stablecoins: lessons for central banks

Investments for 1099 RN employee?

Hi all, currently a 1099 RN looking for ways to invest. Ideally, I may come close to making >160k so want to know options outside of the Roth IRA if possible. I do have a Roth that I’ve contributed to every year that I’m able to. Also, if I were to obtain another W2 job, can I still contribute to a self directed 401k in additional to the retirement plan my potential employer would offer? I’ve always had both a W2 & a 1099 income source, but trying to make only a 1099 work if it’s possible (much

Malaysia's Genting bets $5.5bn on New York City's first full casino

24M Fidelity Investment Opinion

Hello everyone, I opened my Roth IRA when I was 22 and had built it up to about $11,000 as of last week. I recently rolled over an old 401(k) worth roughly $5,000 into my Roth IRA, bringing the balance to around $16,000. I also just maxed out my annual contribution limit with an additional $7,500. I'm curious to hear what others are invested in and get some opinions on my current allocation. Right now, my Roth IRA holds: • 38 shares of FXAIX • 221 shares of FZROX • 59 shares of FZILX For my new

DeepDraft SITREP | Oman Mine Alert Hardens Hormuz Navigation Risk: Suspected Floating Mine Sighted West of Inshore Traffic Zone (June 1, 2026)

submitted by /u/TheDeepDraft [link] [comments]

Myanmar’s China-backed mega dam revival risks Kachin rebel backlash

Deep in the forested highlands of northern Myanmar, where the Irrawaddy River rises from two tributaries in the hills of Kachin state, a contentious infrastructure project is stirring again – and threatening to reopen wounds that never fully healed. The Myitsone Dam, a US$3.6 billion Chinese-financed hydroelectric megaproject that was shelved more than a decade ago after igniting a storm of popular fury, is back on the table. Myanmar’s military rulers have begun holding public consultations on..

Social: AOK: Children's sick days are still mostly taken by women

If employees miss work to look after sick children, they can receive compensation for loss of earnings. But who doesn't go to work?

Asia-Pacific markets set to open mixed as Trump signals no rush on Iran agreement

Asia-Pacific markets were set to open mixed on Monday as investors monitored lingering uncertainty around U.S.-Iran negotiations.

Which private company do you think will be the best IPO investment of the next 5 years?

Everyone talks about the Magnificent 7, but I'm more interested in companies that haven't gone public yet. If you had to choose one private company that is likely to IPO within the next 5 years and hold it for 10+ years, which would you pick and why? Some names that come to mind: Stripe Databricks Canva OpenAI Chime Discord I'm not looking for the most hyped company. I'm looking for businesses with: Strong competitive moats Large addressable markets A realistic path to profitability Long-term gr

The daughter of Thailand's beer billionaire says she never doubted women belonged at the top

Thapanee Techajareonvikul reflects on family, succession and leadership inside the billionaire empire behind Chang beer, Big C and Singapore beverage giant Fraser & Neave.

Oil rises, U.S. stock futures flat as Wall Street looks to extend its winning streak

U.S. stock-index futures were little changed on Sunday, as Wall Street looks to stretch the market’s record-setting rally into June.

Investment: Berkshire Hathaway strengthens real estate business with billion-dollar acquisition

Berkshire Hathaway is taking over house builder Taylor Morrison for 8.5 billion. The deal is one of the first big decisions made by new CEO Greg Abel.

Japanese bond yields are the highest in 40 years. The budget and a 'red flag' from PM Takaichi have markets nervous

Japanese bond yields have reached the highest levels in 40 years. The budget and a `red flag' from Prime Minister Takaichi have made markets nervous.

Chinese EV makers shift focus from price wars to AI capability: Morgan Stanley

The focus of competition for Chinese electric vehicles (EVs) is shifting from prices to artificial intelligence capability, as carmakers try to manage weakening demand amid tightened regulations, according to Morgan Stanley. The push in AI would likely bring models with conditionally autonomous driving capability, or Level 3 (L3), to market, said Tim Hsiao, head of the Greater China auto and shared mobility research team at Morgan Stanley, in a recent interview with the South China Morning Post.

What would it actually take for Western companies to trust Huawei

I've been going back and forth on this for a while and I still can't land anywhere solid. The reason I'm thinking about this now is the Tau Scaling announcement Huawei made at an IEEE conference in Shanghai a couple weeks ago. They proposed what they're calling a successor to Moore's Law, an architecture called LogicFolding that stacks chip layers vertically instead of shrinking transistors, and claimed it'll hit performance equivalent to a 1.4nm process by 2031 without ever needing EUV lithogra

is oil all about hormuz now

submitted by /u/FF430 [link] [comments]

Ambivalent feelings: Holidays etc.: What if I can't enjoy beautiful things?

Travel, wedding, concert: If we catch ourselves not savoring something beautiful, we quickly feel guilty. There is usually a reason for this. An expert reveals how to track him down.

As safe as possible: Limit and accompany: Make smartphones child-proof

With protective functions and clear rules, parents can accompany their children when using their smartphones. In addition to technical assistance, open discussions are crucial.

Survey: Smartphone withdrawal as an educational measure?

Cell phone away as punishment? A study shows that this is not uncommon in families' everyday digital lives. The age of the kids also plays a role.