More than $1 billion is poised to flow into the underperforming Hang Seng Tech Index, thanks to the upcoming inclusion of two Chinese artificial intelligence companies, according to Morgan Stanley. Hong Kong's technology stock index has tumbled more than 11% so far this year, despite excitement over Chinese AI. Only seven of the index's constituents have risen in 2026, led by Hua Hong Semiconducto...
More than $1 billion is poised to flow into the underperforming Hang Seng Tech Index, thanks to the upcoming inclusion of two Chinese artificial intelligence companies, according to Morgan Stanley. Hong Kong's technology stock index has tumbled more than 11% so far this year, despite excitement over Chinese AI. Only seven of the index's constituents have risen in 2026, led by Hua Hong Semiconductor, Lenovo, JD, Midea and several electric car stocks. Meanwhile, generative AI model companies Knowledge Atlas Technology , which runs Zhipu AI, and MiniMax , have both skyrocketed since they went public in Hong Kong in January. Both stocks are expected to join the Hang Seng Tech Index on June 8, driving $1.25 billion to $1.75 billion in passive inflows, the Morgan Stanley analysts said in an April 27 report. The analysts raised their price targets on each stock: Knowledge Atlas to 990 Hong Kong dollars ($126.37) from 560 HKD, and MiniMax to 1,100 HKD from 990 HKD. Zhipu's models are known for their coding capabilities, while MiniMax has stood out more for its breadth of AI capabilities from text to audio generation. MiniMax has also been a popular choice for OpenClaw AI agent users since, like many Chinese AI models, it is relatively cheaper to use than its U.S. peers. However, that is changing as more people use Chinese AI tools. The Morgan Stanley analysts pointed out that in the first quarter, the cost of accessing Chinese AI models rose to at least 17% of what U.S. AI models charged — up sharply from just 5% a year earlier. The analysts predict that each of the frontier Chinese AI models can achieve at least $1 billion in revenue this year, and more than double that next year. Knowledge Atlas and MiniMax are the first two major Chinese companies focused on AI models to go public. Competitors such as Moonshot, which operates the Kimi AI model, and StepFun remain privately held. "We believe AI and [large language model] names will become a much bigger driver of Hong Kong...
The consensus analyst fair value estimate for QUALCOMM has shifted from US$154.93 to US$168.50, providing an updated reference point for how the Street is currently framing the stock. That move reflects a tug of war between bullish firms raising targets on AI, automotive, and IoT potential, and bearish voices focusing on smartphone maturity and the well‑flagged loss of Apple business. Read on to s...
The consensus analyst fair value estimate for QUALCOMM has shifted from US$154.93 to US$168.50, providing an updated reference point for how the Street is currently framing the stock. That move reflects a tug of war between bullish firms raising targets on AI, automotive, and IoT potential, and bearish voices focusing on smartphone maturity and the well‑flagged loss of Apple business. Read on to see how to interpret these competing narratives and keep track as the story evolves. Analyst Price...
A proposed accountability framework will hold government department heads personally liable for systemic loopholes that they fail to flag to superiors, Hong Kong’s civil service chief has said. Secretary for the Civil Service Ingrid Yeung Ho Poi-yan also said that public perception could play a role in decisions on pay adjustments for government employees, after being questioned about the potentia...
A proposed accountability framework will hold government department heads personally liable for systemic loopholes that they fail to flag to superiors, Hong Kong’s civil service chief has said. Secretary for the Civil Service Ingrid Yeung Ho Poi-yan also said that public perception could play a role in decisions on pay adjustments for government employees, after being questioned about the potential impact of an inquiry into the city’s deadliest fire in decades. In a television appearance on...
The Perseus Star crude oil tanker departs the Port of Corpus Christi in Corpus Christi, Texas, US, on Saturday, Feb. 28, 2026. Eddie Seal | Bloomberg | Getty Images The Port of Corpus Christi has never been busier as tankers from around the world flock to the U.S. Gulf Coast to load up on crude oil during the Iran war. The Texas port was the third-largest oil export terminal in the world before th...
The Perseus Star crude oil tanker departs the Port of Corpus Christi in Corpus Christi, Texas, US, on Saturday, Feb. 28, 2026. Eddie Seal | Bloomberg | Getty Images The Port of Corpus Christi has never been busier as tankers from around the world flock to the U.S. Gulf Coast to load up on crude oil during the Iran war. The Texas port was the third-largest oil export terminal in the world before the war behind Ras Tanura in Saudi Arabia and Basra in Iraq. Its importance has only grown since, as U.S. crude oil exports have surged to a record and the two big Persian Gulf ports are largely cut off from the world due to Iran's blockade of the Strait of Hormuz. U.S. oil exports have jumped to 5.2 million barrels per day (bpd) in April, a more than 30% increase over the 3.9 million bpd exported in February before the war, according to data from Kpler. March was the busiest month in the history of the Port of Corpus Christi, and the first quarter was its busiest quarter ever, said CEO Kent Britton. Oil exports have increased to about 2.5 million barrels per day since the war started compared to 2.2 million bpd last year, Britton said. Ship traffic in Corpus Christi rose to more than 240 vessels in March compared to the 200 the port normally sees in a month, the CEO said. "It's a constant parade of tankers coming in and out," he said. Asian buyers Corpus Christi accounted for about half of U.S. crude oil exports in April while Houston made up most of the rest, according to data from Kpler. Some 50 to 60 big tankers called very large crude carriers (VLCCs) are heading to U.S. ports on any given day right now, double the volume seen last year, Kpler's data shows. VLCCs can typically carry up to 2 million barrels. Many of those tankers are coming from Asian countries that imported their oil from the Middle East before the war, said Matt Smith, director of commodity research at Kpler. They are now turning to the U.S. Gulf Coast because the trade route into the Persian Gulf throu...
This week was a good week to own Polaris (NYSE: PII) stock -- and the next 52 weeks could be even better. The manufacturer of everything from snowmobiles to motorcycles to all-terrain vehicles to boats reported first-quarter earnings on Tuesday, you see, crushing analyst forecasts and reporting a $0.13-per-share profit where Wall Street expected a loss of $0.40. Quarterly sales exceeded expectatio...
This week was a good week to own Polaris (NYSE: PII) stock -- and the next 52 weeks could be even better. The manufacturer of everything from snowmobiles to motorcycles to all-terrain vehicles to boats reported first-quarter earnings on Tuesday, you see, crushing analyst forecasts and reporting a $0.13-per-share profit where Wall Street expected a loss of $0.40. Quarterly sales exceeded expectations as well, growing 8% year over year to $1.7 billion, and Polaris expanded its gross profit margin by 420 basis points to 20.2%. Polaris builds ATVs -- now also for the U.S. military. Image source: Polaris. Continue reading
In this article BRK.B BRK.B Follow your favorite stocks CREATE FREE ACCOUNT (This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) It wasn't his show but there was still plenty of Buffett New CEO Greg Abel did most of the talking at his first Berkshire Hathaway shar...
In this article BRK.B BRK.B Follow your favorite stocks CREATE FREE ACCOUNT (This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) It wasn't his show but there was still plenty of Buffett New CEO Greg Abel did most of the talking at his first Berkshire Hathaway shareholders meeting, but Warren Buffett was still a major presence as chairman of the board, even as he sat on the arena floor with his fellow directors. Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026. CNBC Six minutes after the meeting began, a Buffett "jersey" with a large 60, reflecting his 60 years as Berkshire CEO, was raised to the rafters of the CHI Health Center arena. That was followed by a three-minute video produced by Berkshire showing videos and photos from those six decades. Buffett then spoke from his seat on the floor saying, "This is not my show today, but there are two anniversaries that we are kind of celebrating today." It's been about one year since the board approved Abel as CEO in the wake of Buffett's surprise announcement that he would be stepping down, and "you couldn't have made a better decision." "That's been a hundred percent successful. Greg is doing everything I did and then some, and he's doing it better in all cases. He's the right person." It's also been roughly 10 years since Berkshire bought $35 billion of Apple shares. Buffett said that's turned into roughly $185 billion, "and I didn't have to do a damned thing." He praised outgoing CEO Tim Cook for making that investment so successful. The first Q&A session began with a "deepfake" video version of "Warren from Ohama" asking Abel why Berkshire shareholders should hold on to their stock for the long term. In his reply, Abel highlighted the company's now almost $400 billion in cash, saying it "creates a unique opportunity" for inve...
Amazon just posted what may be its best quarter ever. Revenue beat. Earnings nearly doubled the estimate. AWS hit its fastest growth rate in 15 quarters. And operating margins reached a level the company had never seen before. Wall Street responded quickly. Five major firms raised their Amazon ...
Amazon just posted what may be its best quarter ever. Revenue beat. Earnings nearly doubled the estimate. AWS hit its fastest growth rate in 15 quarters. And operating margins reached a level the company had never seen before. Wall Street responded quickly. Five major firms raised their Amazon ...
Island’s tourism industry been hit hard by severe US pressure – but some say foreigners should still visit Leslie Simon and Marc Bender had arrived in Havana for a 10-day holiday, despite their president’s repeated threats of military action against Cuba . The two retired union lawyers from Los Angeles flew in via Miami sporting badges reading “ICE OUT!” and shared a somewhat negative opinion of t...
Island’s tourism industry been hit hard by severe US pressure – but some say foreigners should still visit Leslie Simon and Marc Bender had arrived in Havana for a 10-day holiday, despite their president’s repeated threats of military action against Cuba . The two retired union lawyers from Los Angeles flew in via Miami sporting badges reading “ICE OUT!” and shared a somewhat negative opinion of the US’s past. Continue reading...
Bringing Manchester’s Curry Mile to vibrant life, the #Merky prize-winning author’s cross-genre work focuses on the lives and language of young British men. He discusses identity and inspiration On a stretch of Manchester road known for kebabs, shisha smoke and restless energy, three young men drive towards a night that already feels like it’s slipping out of control. The premise of Wimmy Road Boy...
Bringing Manchester’s Curry Mile to vibrant life, the #Merky prize-winning author’s cross-genre work focuses on the lives and language of young British men. He discusses identity and inspiration On a stretch of Manchester road known for kebabs, shisha smoke and restless energy, three young men drive towards a night that already feels like it’s slipping out of control. The premise of Wimmy Road Boyz, the debut novel by #Merky books new writers’ prize winner Sufiyaan Salam, is deceptively simple: “three boyz drive and dream of an impossible night on an endless street”. What follows is anything but. Salam’s novel unfolds over a single evening on the Curry Mile, that dense artery of Rusholme nightlife, where a white BMW carries Immy, Khan and Haris through a series of skirmishes, side quests and emotional unravellings. It’s a book about masculinity, violence and love, but also about language – how young British men speak, perform and fail to articulate what’s really going on inside their heads. Continue reading...
Avon and Somerset police declare major incident and say cause is being treated as suspicious Two adults have died after an explosion at a house in Bristol. Avon and Somerset police have declared a major incident after the explosion at an address in Sterncourt Road at about 6.30am on Sunday morning. Continue reading...
Avon and Somerset police declare major incident and say cause is being treated as suspicious Two adults have died after an explosion at a house in Bristol. Avon and Somerset police have declared a major incident after the explosion at an address in Sterncourt Road at about 6.30am on Sunday morning. Continue reading...
We tend to think of intelligence like height – and imagine ourselves being overtaken. That misses the point Until recently, we humans have been able to be smug about our abilities. No other animals play boardgames, write essays or prove mathematical theorems. But lately, progress in AI seems as though it might challenge our self-image as the smartest entities around. AI systems not only beat us at...
We tend to think of intelligence like height – and imagine ourselves being overtaken. That misses the point Until recently, we humans have been able to be smug about our abilities. No other animals play boardgames, write essays or prove mathematical theorems. But lately, progress in AI seems as though it might challenge our self-image as the smartest entities around. AI systems not only beat us at the most complicated games, but can also write polished prose and win medals in maths. Tech CEOs promise us that superhuman AI is just round the corner. So, in an age of AI, are human minds still special, or merely also-rans? Talking about superhuman AI assumes that intelligence is a single scale. My parents used to mark the heights of my younger brother and me on the doorframe of our laundry. Each year he would get a little closer to me, until one year the unthinkable happened and he outgrew me (he’s now 6ft 3in). The current moment feels a bit like that, as we look at these new younger siblings with concern that they might overtake us. Continue reading...
Updates from the first day of the Crucible final Follow us on Bluesky | Mail Daniel Team sports offer us a simple life: we pick one or one picks us, the end. Individual sports, though, are different: on the one hand, who we enjoy doesn’t describe us in the same way but, on the other, it allows us the gift of wanting the best for everyone, the tribalism still present but with all of us gathered as ...
Updates from the first day of the Crucible final Follow us on Bluesky | Mail Daniel Team sports offer us a simple life: we pick one or one picks us, the end. Individual sports, though, are different: on the one hand, who we enjoy doesn’t describe us in the same way but, on the other, it allows us the gift of wanting the best for everyone, the tribalism still present but with all of us gathered as one. It is not, for example, necessarily easy to vibe with Shaun Murphy, his smarts that make the soul sing sometimes encroaching into smarms that make the teeth itch. But no one can challenge what he’s given to this thing of ours, love of the game – yes, and love of himself, a valuable lesson – radiating through him and into us. He wants a second world title as badly as anyone has ever wanted anything, and should he get it, his smooth, natural, beautiful style will deserve it and then some. Continue reading...
Insiders portray defense secretary as increasingly isolated after officers with impeccable reputations forced out Since Donald Trump’s first term, they have been viewed comfortingly as the “adults in the room,” a last line of defense against the impulsive whims of a president with access to the nuclear codes. Now – after an unprecedented wave of firings that has been compared by some to Stalin’s p...
Insiders portray defense secretary as increasingly isolated after officers with impeccable reputations forced out Since Donald Trump’s first term, they have been viewed comfortingly as the “adults in the room,” a last line of defense against the impulsive whims of a president with access to the nuclear codes. Now – after an unprecedented wave of firings that has been compared by some to Stalin’s purges – the Pentagon top brass no longer seem like such a reliable bulwark. Continue reading...
Can a sentence affect the course of your life? Five authors reveal the interactions that transformed the way they saw themselves – and the world When I was 14, I had to start a new school. I wasn’t great at starting new schools, even though I had done so quite a few times – once for my dad’s work, once because I wasn’t fitting in at my primary school and once because my parents didn’t like the tea...
Can a sentence affect the course of your life? Five authors reveal the interactions that transformed the way they saw themselves – and the world When I was 14, I had to start a new school. I wasn’t great at starting new schools, even though I had done so quite a few times – once for my dad’s work, once because I wasn’t fitting in at my primary school and once because my parents didn’t like the teachers. Of course, 14 is possibly the most awkward of all the ages to start a new anything. Anyway, it was halfway through the first term at the new school in Newark, Nottinghamshire, and I was taken aside by my history teacher, Mr Philips, at the end of a lesson. He didn’t like me very much. To be fair, I was probably hard to like, from a teacher’s perspective. I had trouble concentrating, I stared out of windows, I clowned around. However, it is difficult to explain the shock to my self-conscious teenage soul when he told me, “I think it would be a good idea for you to join a special needs class.” Now, for context, the year was 1989, and in my state comprehensive at that time the idea of being “special needs” was akin to being given a leprosy bell or being marked with a cross for the plague. It was a binary system. You were either “normal” or you were “special needs”. To make matters worse, I was told that another teacher – my art teacher – had come to a similar assessment. Continue reading...
Deputy leader plays down leadership talk and says party must focus on long-term challenges rather than personnel Labour’s deputy leader has warned there will be “no magic bullet” to solve Labour’s problems – or major challenges facing the country – as its MPs grapple with how to navigate the fallout out from the local elections. Lucy Powell told the Guardian she understood there was “huge anger an...
Deputy leader plays down leadership talk and says party must focus on long-term challenges rather than personnel Labour’s deputy leader has warned there will be “no magic bullet” to solve Labour’s problems – or major challenges facing the country – as its MPs grapple with how to navigate the fallout out from the local elections. Lucy Powell told the Guardian she understood there was “huge anger and despondency” from Labour MPs in the aftermath of the Peter Mandelson vetting scandal, but said the prime minister would not make a similar mistake again. Continue reading...
In Roundhay, one of its safest wards, activists say the party must win back progressive voters as support drifts to the Greens On the wide streets around Leeds’ Roundhay Park, Labour canvassers have built up a considerable step count just to walk between each of the stone-built mansions in one of the city’s most affluent suburbs. Lucy Powell, Labour’s deputy leader, is with activists in the sunshi...
In Roundhay, one of its safest wards, activists say the party must win back progressive voters as support drifts to the Greens On the wide streets around Leeds’ Roundhay Park, Labour canvassers have built up a considerable step count just to walk between each of the stone-built mansions in one of the city’s most affluent suburbs. Lucy Powell, Labour’s deputy leader, is with activists in the sunshine admiring the manicured lawns and window-box pansies. This is one of the safest wards for Labour in Leeds, with graduates, doctors, lecturers and small business owners. Continue reading...
Health officials in Trump administration were accused of fueling ‘crisis of public trust’ over autism and vaccines Misinformation from top health officials in the Trump administration has created a “crisis of public trust” – and Congress should conduct oversight hearings and possibly impeach officials such as Robert F Kennedy Jr , the secretary of the US Department of Health and Human Services (HH...
Health officials in Trump administration were accused of fueling ‘crisis of public trust’ over autism and vaccines Misinformation from top health officials in the Trump administration has created a “crisis of public trust” – and Congress should conduct oversight hearings and possibly impeach officials such as Robert F Kennedy Jr , the secretary of the US Department of Health and Human Services (HHS), according to a recently released report. Experts say that officials in the past year have focused intently on both vaccines and autism , including efforts to connect autism to the use of acetaminophen (frequently sold as Tylenol) during pregnancy, despite growing evidence of no link, and replacing all members of the federal autism committee with advisers who have anti-vaccine and pseudoscientific histories. Continue reading...