Hong Kong airport’s security contractor has expanded its canine patrol unit to the newly relaunched Terminal 2, deploying 20 dogs and their handlers to cover the expanded facility. Jacob Cheung Tat-keung, executive director of the Aviation Security Company (Avseco), said on Friday that operations at Terminal 2 had been generally smooth, although passenger numbers had increased as 15 airlines had m...
Hong Kong airport’s security contractor has expanded its canine patrol unit to the newly relaunched Terminal 2, deploying 20 dogs and their handlers to cover the expanded facility. Jacob Cheung Tat-keung, executive director of the Aviation Security Company (Avseco), said on Friday that operations at Terminal 2 had been generally smooth, although passenger numbers had increased as 15 airlines had moved in over the past few weeks. Cheung said the deployment of the dogs would depend on traffic at...
Roughly six months ago, we asked whether ASML (NASDAQ: ASML) finally had a real competitor: xLight, the stealth startup chaired by ousted Intel CEO Pat Gelsinger, was developing free-electron-laser light sources backed by up to $150 million in CHIPS Act funding with the U.S. government taking an equity stake, targeting first silicon wafers by 2028. ... The Competitive Threat That Never Was: ASML’s...
Roughly six months ago, we asked whether ASML (NASDAQ: ASML) finally had a real competitor: xLight, the stealth startup chaired by ousted Intel CEO Pat Gelsinger, was developing free-electron-laser light sources backed by up to $150 million in CHIPS Act funding with the U.S. government taking an equity stake, targeting first silicon wafers by 2028. ... The Competitive Threat That Never Was: ASML’s Widening Moat Boosts Stock 77% YTD
Liftoff for the initial public offering (IPO) of Space Exploration Technologies (NASDAQ: SPCX) -- better known as SpaceX -- is nearly here, with the largest IPO in history set for today (Friday, June 12). With Elon Musk's company expected to raise $75 billion at a $1.75 billion valuation, the hoopla is considerable. Obviously, that dollar amount is eye-catching, but so is another figure: the porti...
Liftoff for the initial public offering (IPO) of Space Exploration Technologies (NASDAQ: SPCX) -- better known as SpaceX -- is nearly here, with the largest IPO in history set for today (Friday, June 12). With Elon Musk's company expected to raise $75 billion at a $1.75 billion valuation, the hoopla is considerable. Obviously, that dollar amount is eye-catching, but so is another figure: the portion of the offering -- up to 30% -- that SpaceX is reserving for retail investors. That's well above the 5% to 10% typically set aside for non-professional market participants in standard IPOs. Undoubtedly, SpaceX will be highly accessible compared to past IPOs . Still, prospective investors should set aside a few minutes for pre-IPO homework to avoid disappointment. Clients of these five brokerage firms can access the SpaceX IPO, but the details matter. Image source: Getty Images. Continue reading
"Resetting Business": Xbox Layoffs Loom As New CEO Supercharges Overhaul Microsoft's Xbox gaming division is preparing for a major round of job cuts at the end of the month as new Xbox CEO Asha Sharma moves to " reset " the unit amid a confluence of negative and worsening pressures, including shrinking revenue, soft hardware sales, plateauing Game Pass momentum, and what management now describes a...
"Resetting Business": Xbox Layoffs Loom As New CEO Supercharges Overhaul Microsoft's Xbox gaming division is preparing for a major round of job cuts at the end of the month as new Xbox CEO Asha Sharma moves to " reset " the unit amid a confluence of negative and worsening pressures, including shrinking revenue, soft hardware sales, plateauing Game Pass momentum, and what management now describes as an ongoing "hardware component crisis." Bloomberg first reported that Microsoft will announce an upcoming round of layoffs after the company's fiscal year ends on June 30 . The report was based on sources familiar with the upcoming restructuring plan, though it did not mention whether AI adoption and efficiency gains are driving the cuts. In a memo to staff, Xbox CEO Asha Sharma and Matt Booty said the gaming division's first 100 days under new leadership showed early signs of progress. " Now we start the next 100 days. It is important to have both optimism and realism as we work to reset the business ," the executives wrote in the memo titled "Next 100 Days: XBOX Reset." They continued, "Excluding Activision Blizzard King, over the past five years, we have spent over $20 billion on ongoing investments in our content, platform and hardware subsidy, but our annual revenue has declined nearly half a billion during that time. Going forward, this cannot continue ." The memo outlined Xbox's harsh realities it must navigate to achieve a turnaround strategy: 1. Over 1 billion players choose to play XBOX and our games each year, for a total of 72 billion hours across Console, PC, Mobile, and Streaming (excluding much of China and a few other properties). Our franchises are also among the largest and most beloved globally and are now breaking records in TV and film. Going forward, our competition is attention. There are more great games, TV series, franchises, creators, content formats, apps, etc., than ever before 2. We will end this fiscal year at about a 3% accountability margi...
China’s chip design software industry is rallying behind Huawei Technologies’ ambitious new architecture aimed at producing chips that can rival leading global products, but analysts warn a steep uphill climb remains before local players can break the market stranglehold of US rivals. Empyrean Technology, a major Chinese electronic design automation (EDA) provider, became the latest supporter of t...
China’s chip design software industry is rallying behind Huawei Technologies’ ambitious new architecture aimed at producing chips that can rival leading global products, but analysts warn a steep uphill climb remains before local players can break the market stranglehold of US rivals. Empyrean Technology, a major Chinese electronic design automation (EDA) provider, became the latest supporter of the new chipmaking methodology. The company recently unveiled Argus, a new physical verification...
Seagate Technology ( STX ) said its subsidiary, Seagate HDD Cayman, has notified holders that it will redeem all outstanding 3.50% exchangeable senior notes due 2028. Any outstanding notes that are not exchanged will be redeemed for cash on Sept. 8, 2026, at their full principal value plus any accrued and unpaid interest. Seagate HDD expects to eliminate approximately $150.7M of debt, which repres...
Seagate Technology ( STX ) said its subsidiary, Seagate HDD Cayman, has notified holders that it will redeem all outstanding 3.50% exchangeable senior notes due 2028. Any outstanding notes that are not exchanged will be redeemed for cash on Sept. 8, 2026, at their full principal value plus any accrued and unpaid interest. Seagate HDD expects to eliminate approximately $150.7M of debt, which represents all currently outstanding notes that have not been submitted for exchange, through a combination of voluntary exchanges by noteholders and Seagate HDD’s redemption of any notes that have not been exchanged through the redemption date. More on Seagate Technology Seagate: Is Storage Worth More Than Memory Seagate Technology Holdings plc (STX) Presents at Bank of America 2026 Global Technology Conference Transcript Seagate: Micron And SK Hynix Gave The Greenlight To Buy More Sandisk, Seagate and Western Digital see bullish views at Mizuho on AI-driven memory demand Micron's meteoric rise leads memory, chip stocks up as AI spending knows no bounds
IRAs can be powerful tools for Americans to save and invest for retirement, but is a Roth IRA or a traditional IRA the better choice? There's no easy answer, but here's a short video to help point you in the right direction.
IRAs can be powerful tools for Americans to save and invest for retirement, but is a Roth IRA or a traditional IRA the better choice? There's no easy answer, but here's a short video to help point you in the right direction.
Zerbor Chow Tai Fook Jewellery Group ( CJEWF ) ( CJEWY ) shares rose by 15.2% to HK$12.81 after the company posted a record high performance in its financial year to the end of March. The company opened trading nearly 12% higher on a heavy volume of HK $133 million before extending its gains throughout the day. The Hong Kong-based luxury retailer achieved a record profit attributable to shareholde...
Zerbor Chow Tai Fook Jewellery Group ( CJEWF ) ( CJEWY ) shares rose by 15.2% to HK$12.81 after the company posted a record high performance in its financial year to the end of March. The company opened trading nearly 12% higher on a heavy volume of HK $133 million before extending its gains throughout the day. The Hong Kong-based luxury retailer achieved a record profit attributable to shareholders of HK$9,004 million ( $1.15 billion), marking a surge of more than 52% year-over-year. Meanwhile, group revenue rose 5.3% to reach HK$ 94,398 million. The group's operating profit climbed 27.8% year-over-year to HK $18,850 million (approximately HK$ 18.9 billion), pushing operating margins to a five-year high. Investors were highly encouraged by the jeweler's soaring margins and a strong dividend commitment, which features a proposed final payout of HK$ 0.45 per share, bringing the full-year total dividend to HK$0.67 per share (a 73.4% payout ratio). "We are delighted that the Group achieved record high results and high-quality earnings, validating the success of our brand transformation," stated Ms. Sonia Cheng, Vice-chairman of Chow Tai Fook Jewellery Group. Looking forward to FY2030, the luxury retailer plans to expand its network of premium luxury-format stores in the Chinese Mainland from eight locations to fifty, alongside a goal to double the retail sales value of its international footprint. More on Chow Tai Fook Jewellery Group Limited Chow Tai Fook Jewellery Group Limited 2026 Q4 - Results - Earnings Call Presentation Chow Tai Fook Jewellery Group Limited GAAP EPS of HK$0.90, revenue of HK$94.3B Historical earnings data for Chow Tai Fook Jewellery Group Limited Dividend scorecard for Chow Tai Fook Jewellery Group Limited Financial information for Chow Tai Fook Jewellery Group Limited
The Fidelity MSCI Financials Index ETF (NYSEMKT:FNCL) provides broad, low-cost exposure to the entire financial sector, while the Invesco KBW Bank ETF (NASDAQ:KBWB) offers a concentrated strategy focused strictly on the banking industry. Both funds provide targeted exposure to the financial services sector. The Fidelity fund seeks to replicate the results of a broad financials index, casting a wid...
The Fidelity MSCI Financials Index ETF (NYSEMKT:FNCL) provides broad, low-cost exposure to the entire financial sector, while the Invesco KBW Bank ETF (NASDAQ:KBWB) offers a concentrated strategy focused strictly on the banking industry. Both funds provide targeted exposure to the financial services sector. The Fidelity fund seeks to replicate the results of a broad financials index, casting a wide net across the industry. The Invesco fund tracks a more specialized bank index, resulting in a narrower fund that is historically more volatile. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-year return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading