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.TencentThe main catalyst for the…
Bed 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…
Iraq is seizing the opportunity presented by reduced Russian crude exports, utilising its strong infrastructure and desirable medium-sour crude to capture a larger share of the Asian oil market.Independent Chinese companies like Geo-Jade, United Energy Group, Zhongman, and Anton are significantly expanding their presence in Iraq’s upstream oil sector. Their…
Under 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…
Low exploration results and a tougher regulatory framework have quickly undermined hopes that Colombia’s Caribbean coast could be an energy hub for the region: now foreign oil and gas firms are scaling back plans or just pulling out altogether. Colombia is already seeing the impacts of this shift on its…
Broadcom Inc (NASDAQ: AVGO) is in focus this morning following a 13F securities filing that confirmed billionaire David Tepper has been loading up on AVGO shares as means of AI exposure.Tepper’s conviction in Broadcom stock is significant given he’s actually been trimming his stakes in three of the most prominent…
SoundHound AI Inc (NASDAQ: SOUN) reported blockbuster financial results for its fiscal second quarter, sending shares up more than 30% on Friday morning.The artificial intelligence firm saw its revenue more than triple to roughly $43 million – crushing analysts’ forecast, and recorded a narrower-than-expected adjusted per-share loss as well, signaling…
The Trump administration is preparing to launch initial public offerings for mortgage finance giants Fannie Mae and Freddie Mac later this year, in a move that could mark one of the largest stock offerings in US history, the Wall Street Journal reported on Friday.People familiar with the discussions told the…
US President Donald Trump and Russian President Vladimir Putin are set to meet in Alaska on August 15, for talks aimed at ending the war in Ukraine. It’ll be their first sit-down since Trump’s second term began, and Putin’s first trip to the US in about ten years. Alaska makes…
Gilead Sciences’ stock surged more than 8% on Friday, as its latest earnings drew the consensus from Wall Street that the company’s HIV franchise is not only holding firm but expanding, with its new prevention drug Yeztugo poised to be a catalyst for future growth. Analysts from leading firms upgraded…