Finance news

Stock of the week: Did Samsung provide a foretaste of what will happen to the stock markets soon?

Good things are not always good enough for shareholders. Especially not when it comes to something uniquely good, says Ulf Sommer.

Football World Cup: Higher, faster, richer – the controversial Infantino system

Gianni Infantino has turned FIFA into a money machine. World football's governing body is wealthier and more powerful than ever - and its president is defying global criticism.

Vacation planning: Parents have priority when planning vacations - is that fair?

Everyone wants to go on vacation in summer. But parents are allowed to plan their days off first. Is that fair? Our author has thought about this.

AI company: Top manager Fidji Simo leaves OpenAI after illness

The ex-Instacart boss was considered number two behind boss Sam Altman - and is now stepping down after a long illness. At the same time, OpenAI is going on the offensive with new offers for corporate customers.

ChatGPT inventor: Top manager Fidji Simo leaves OpenAI after illness

The ex-Instacart boss was considered number two behind boss Sam Altman - and is now stepping down after a long illness. At the same time, OpenAI is going on the offensive with new offers for corporate customers.

In Malaysia’s Johor, Chinese voters prize affordability over politics

Koo can see Johor changing around him, even if the promised wealth has not reached his bank account. The 30-year-old service worker has lived for 25 years in Skudai, a busy Johor Bahru suburb anchored by universities, older housing estates and the kind of Chinese shoplot economy that helped make the Democratic Action Party (DAP) a force in Malaysia’s southern state. He sees cranes, rail works and projects built by Chinese companies. But before Saturday’s state election, and as the China-linked..

Northern Metropolis’ science and education focus key to Hong Kong’s future

China’s new development narrative places science and education at the centre of long-term competitiveness. This is a systemic project powered by technology, grounded in education and driven by talent as the country’s foremost resource. Hong Kong’s traditional identity as an international financial centre is no longer sufficient to sustain the city’s competitiveness. To remain relevant, Hong Kong must articulate a platform that structurally aligns with China’s national strategy while retaining...

Chinese clinic extracts 12 teeth from man after he complains of ache in one tooth

A Chinese clinic has been punished by authorities after it extracted the 12 remaining teeth from a 63-year-old man with high blood pressure and heart disease, and withdrew all the money from his accounts. The man, surnamed Li, from Baoji, northwestern China’s Shaanxi province, went to the Datuanyuan Dental Clinic to have an aching tooth checked last September. Li recently told Chinese media outlets that he believed the clinic’s ads, such as “Get a dental implant in the morning and eat meat in...

Low prices fail to deter thieves from stealing Malaysia’s premium durians

Falling durian prices have done little to deter thieves in Malaysia, with a Penang trader losing baskets of prized Black Thorn variety in two break-ins just days apart. Wenny Ooi, 27, said thieves targeted her family’s stall twice on June 25 and June 29, marking the first break-ins since they started the business six years ago. In the first incident, two baskets of Black Thorn, also known as Or Chi, were stolen but footage from the surveillance camera shows only one thief leaving with a basket..

Uniqlo defies sluggish China market with double-digit profit growth

Japanese apparel retailer Uniqlo posted higher revenue and double-digit profit growth in mainland China over the three-month period ending in May, defying sluggish domestic consumption and lingering bilateral tensions. Same-store sales rose, driven by enhanced marketing and “buoyant demand” for summer products in May, when temperatures started to rise. Easy pants, UV-protection items, T-shirts and other summer products all saw strong sales, according to the earnings report from Fast Retailing,..

The radar system that Taiwan says tracked the PLA’s ballistic missile launch

Taiwan gained critical information about Beijing’s ballistic missile launch this week thanks to the island’s long-range early-warning radar system and intelligence sharing with Washington. The island’s AN/FPS-115 Pave Paws long-range early-warning radar detected the missile soon after it was launched from a nuclear-powered submarine in the South China Sea, the Liberty Times reported on Wednesday, quoting a senior Taiwanese official. The system tracked the missile’s trajectory during the initial.

‘Testing is now underway’: Zelenskyy confirms progress on major US defense deals

On the heels of a Patriot license pledge, Ukrainian President Volodymyr Zelensky confirmed progress on billion-dollar defense tech deals with the U.S.

Why did only 2 Hong Kong developers put up their hands for Northern Metropolis project?

Stretches of green farmland and shimmering ponds, winding village roads and sprawling brownfield logistics yards all lend Hung Shui Kiu in the New Territories a patchwork look of rustic Hong Kong standing in stark contrast to its glistening skyscrapers. This rural landscape is slated for radical transformation under the government’s ambitious Northern Metropolis blueprint and is primed to be reinvented as a modernised logistics hub in the near future. However, the premise of this transformation.

Investing Student Loans??

My girlfriend and I have been together for two years, and she’s currently in a doctoral program. I pay for all the bills and she lives with me for free while she’s in school. If she takes out student loans (the interest rate for a federal loan, which we were looking into is 8.07%) to cover her “living expenses” and gives me money for her “share” of the rent, groceries, gas, and other bills, would it be worth it for me to invest that money on her behalf in an ETF like VT or VOO until it’s needed?

Tesla's profit per vehicle drops 40%, within Toyota's striking range

Tibetan activists chain themselves to UN gates after fatal self-immolation

Japan's Taisei, Fanuc develop AI warehouse that doubles space efficiency

Beijing's acts dilute impact of South China Sea award, Manila's lawyer says

Philippines looks to space for bird’s-eye view of South China Sea threats

The Philippines is preparing to create a military space centre by 2028, a move that could help Manila strengthen surveillance, communications and command across its archipelago and in contested areas of the South China Sea. But analysts said the ambition would be constrained by the technical, financial and manpower hurdles of turning space assets into military capability. Armed Forces of the Philippines (AFP) chief General Romeo Brawner Jnr said on Tuesday the initiative – which would enhance...

How the RMB Business Facility will help consolidate Hong Kong’s financial role

Hong Kong’s updated yuan financing tool for banks, featuring a quota 150 per cent larger than before, was launched on Friday, giving a significant boost to the use of the Chinese currency in daily global business. What is the RMB Business Facility? The RMB Business Facility is a funding window run by the Hong Kong Monetary Authority (HKMA) that allows participating banks to borrow yuan at the relatively cheap Shanghai three-month interbank offered rate, which is about 2 percentage points lower..

The Coming Power War That Will Define the AI Era

Every great economic era has been defined by a fight over a single resource. In the 19th century, it was coal, and the British Empire was built on top of it. In the 20th century, it was oil, and the modern Middle East and American postwar dominance were both shaped by who controlled the flow. In the early 21st century, semiconductors became the world’s most critical asset, sparking the rise of Taiwan, growing trade tensions with China, and the creation of several multi-trillion-dollar tech giant

OpenAI exec Fidji Simo says she's stepping down due to chronic illness, will transition to advisor

Fidji Simo stepped away from OpenAI in April for a medical leave, says she now has to focus on recovery.

At high-end Hong Kong hotels, rates check in above pre-pandemic highs, outpace market

Hong Kong’s luxury hotels have outpaced the city’s broader hospitality market since last year, with their room rates exceeding 2018 levels as demand recovers, according to a report by global property consultancy Jones Lang LaSalle (JLL). Citing official tourism figures, JLL said high-end properties were the only segment that returned to 2018’s average daily rates (ADRs) in 2025, hitting HK$2,169 (US$277) – an increase of 1 per cent from what they were charging before 2019 and during the Covid-19

I keep seeing posts about an upcoming lost decade, but the market keeps rising

People claim that P/E ratios are at levels last seen in March 2000 or 2008. I get it, but the market keeps trudging along. Doesn’t the market always revert to the mean? Historically it’s done 9-10% per year, and the last decade has kinda looked like the 90s. What do you think? Are we in a new normal? Or are valuations too rich? submitted by /u/OkKitchen7114 [link] [comments]

Betting markets: Goldman Sachs bans employees from financial bets on Kalshi & Co.

Sports betting remains permitted, but Goldman Sachs employees will have to refrain from almost all other betting in the future. The investment bank is reacting to a regulatory balancing act.

New Fed task force members share Chairman Kevin Warsh's embrace of AI

The three members of a task force advising the Fed on artificial intelligence are strong proponents of the technology.

People Are Talking About Contango While Oil Markets Are Far From Recovered

While financial desks obsess over paper structures and Brent crude briefly flirted with contango, the broader market is missing the forest for the trees. Brent crude’s recent rebound from $71 to $79 a barrel is not merely a brief short-covering bounce; it is the first tremor of an underlying structural deficit. The financial side of the market has become completely decoupled from a complex, fragmenting physical reality. The real story isn't a long-term supply glut—it is an artificial, short-term

Martial arts event in Washington: Attack plans for Trump's birthday: Eight men charged

Investigators are convinced that the martial arts event celebrating the US President's 80th birthday could have ended in a devastating attack. Meanwhile, the group of accused is getting bigger and bigger.

2 men sentenced for roles in trafficking fentanyl analogues from China to the US

Two men from the US state of New Jersey have been sentenced this week for their roles in a drug trafficking organisation that imported fentanyl analogues from China, the US Department of Justice said on Thursday. The fentanyl crisis in the United States has killed tens of thousands of people annually in recent years. Washington previously characterised China as the primary source of precursor chemicals used to manufacture the drug, and Beijing felt unfairly targeted over the crisis. Sean Tighe,.

Iran mourners defiant as Khamenei buried: ‘only revenge can soothe the pain’

Calling for revenge and rejecting any compromise with the West, Iranians loyal to the Islamic republic massed on Thursday late into the night for the burial of supreme leader Ali Khamenei in his hometown of Mashhad, as the country traded more attacks with the US. Khamenei was buried Friday, state television reported, following a ceremony at which his son and successor was not seen. The “body of the martyred leader of the Islamic Revolution was buried in the memorial hall of the shrine of Imam...