Manycore to list in Hong Kong Manycore Tech Inc., a Chinese firm which operates what it claims is the world’s largest spatial design platform powered by artificial intelligence, launched its initial public offering Thursday and plans to list on the Hong Kong Stock Exchange on April 17 under the ticker 0068. The company aims to issue around 161 million shares globally at a maximum price of HK$7.62 ...
Manycore to list in Hong Kong Manycore Tech Inc., a Chinese firm which operates what it claims is the world’s largest spatial design platform powered by artificial intelligence, launched its initial public offering Thursday and plans to list on the Hong Kong Stock Exchange on April 17 under the ticker 0068. The company aims to issue around 161 million shares globally at a maximum price of HK$7.62 apiece, expecting to raise up to HK$1.23 billion.
In today's video, I discuss recent updates affecting Micron Technology (NASDAQ: MU) and other AI stocks. To learn more, check out the short video, consider subscribing, and click the special offer link below. *Stock prices used were the post-market prices of April 07, 2026. The video was published on April 07, 2026. Continue reading
In today's video, I discuss recent updates affecting Micron Technology (NASDAQ: MU) and other AI stocks. To learn more, check out the short video, consider subscribing, and click the special offer link below. *Stock prices used were the post-market prices of April 07, 2026. The video was published on April 07, 2026. Continue reading
Buying illegal drugs has become as easy as ordering a pizza in South Korea – especially for teens and young adults who have grown up in the digital age – as drug trafficking has increasingly moved online. On platforms like Telegram and the dark web, users familiar with drug-related slang can easily locate dealers. Consumers simply place an order, pay with bitcoin, and, once the transaction is comp...
Buying illegal drugs has become as easy as ordering a pizza in South Korea – especially for teens and young adults who have grown up in the digital age – as drug trafficking has increasingly moved online. On platforms like Telegram and the dark web, users familiar with drug-related slang can easily locate dealers. Consumers simply place an order, pay with bitcoin, and, once the transaction is complete, receive a message with instructions on where to collect their purchase. Pickup locations are...
The Hong Kong government must ensure its massive HK$1.8 billion (US$229.8 million) subsidy for diesel to mitigate record-high oil prices for the transport sector is not exploited by fuel companies through discount manipulations, an industry leader and a lawmaker have cautioned. Their warnings came shortly after authorities announced a two-month, HK$3-per-litre (38 US cents) diesel relief measure o...
The Hong Kong government must ensure its massive HK$1.8 billion (US$229.8 million) subsidy for diesel to mitigate record-high oil prices for the transport sector is not exploited by fuel companies through discount manipulations, an industry leader and a lawmaker have cautioned. Their warnings came shortly after authorities announced a two-month, HK$3-per-litre (38 US cents) diesel relief measure on Thursday to cushion the impact on transport companies amid the ongoing Middle East conflict, with...
urbazon/E+ via Getty Images Though the stock market has been quick to claw back the losses since the Iran conflict began, one group of stocks still remains in deep bear market territory: software names. For software stocks, the SaaSpocalypse narrative has cut deeper than any macro headline, causing a wave of indiscriminate selling across the sector. Navan Inc. ( NAVN ), a corporate travel software...
urbazon/E+ via Getty Images Though the stock market has been quick to claw back the losses since the Iran conflict began, one group of stocks still remains in deep bear market territory: software names. For software stocks, the SaaSpocalypse narrative has cut deeper than any macro headline, causing a wave of indiscriminate selling across the sector. Navan Inc. ( NAVN ), a corporate travel software platform that went public last October at $25 per share, has been especially hard hit. Now trading around $12 per share, Navan has been a falling knife since its IPO, losing more than half its value. The question for investors now is, can Navan bounce back? Data by YCharts When it comes to the SaaSpocalypse, I think the market’s indiscriminate selling of all software stocks today is flawed. AI will impact different software companies in different ways, depending on their unique business models. I believe Navan is one of the software companies that will see substantial headwinds from AI, especially from declines in staffing levels. Despite the deep downside we’ve already seen in the stock to date, I’m initiating the stock at a "Sell." Navan overview Before we dig into why AI and Navan are ill-suited, let’s first run through what Navan actually does. At its heart, Navan is a travel booking platform for corporate customers, as well as a spend management platform for related corporate travel. The snapshot below showcases an example of Navan’s UI. The platform allows corporate users to plan trips. The company sources hotel and air supply from various direct suppliers as well as OTA platforms. Once users book their trips, Navan’s platform offers in-trip support. It also gives corporate management teams visibility into spending, making sure that employees stay within budget. Navan platform (Navan Q4 earnings deck) Recently new to Navan has been the addition of Navan Cognition features, an AI layer that is applied across every module. A core feature is the fact that users can give...
The Pentagon and the Vatican denied allegations of a rift following Pope Leo’s criticism of the Trump administration and a news report of a contentious meeting between a papal envoy and a top US defence official. In separate statements, the two sides both professed an eagerness to get along, saying the meeting that occurred in January was frank but polite. The Defence Department issued a statement...
The Pentagon and the Vatican denied allegations of a rift following Pope Leo’s criticism of the Trump administration and a news report of a contentious meeting between a papal envoy and a top US defence official. In separate statements, the two sides both professed an eagerness to get along, saying the meeting that occurred in January was frank but polite. The Defence Department issued a statement that said “we have nothing but the highest regard and welcome continued dialogue with the Holy...
Nikada/E+ via Getty Images By Lynn Song , Chief Economist, Greater China Post-Lunar New Year CPI dip could be short lived as energy surges China's consumer price index inflation slowed to 1.0% year-on-year, down from 1.3%. Headline CPI came in slightly lower than expected but still leaves first-quarter inflation at 0.9% YoY, the highest since the first quarter of 2023. Looking at the CPI breakdown...
Nikada/E+ via Getty Images By Lynn Song , Chief Economist, Greater China Post-Lunar New Year CPI dip could be short lived as energy surges China's consumer price index inflation slowed to 1.0% year-on-year, down from 1.3%. Headline CPI came in slightly lower than expected but still leaves first-quarter inflation at 0.9% YoY, the highest since the first quarter of 2023. Looking at the CPI breakdown, the slowdown was largely due to a normal price decline following China's Lunar New Year holiday. Food prices dropped -2.7% month-on-month in March, leading to a tepid 0.3% YoY growth overall. We are still seeing a drag from pork prices, with a -7.3% MoM slide resulting in a -11.5% YoY read for pork inflation. Typically, we would expect prices to bottom out this year, which should help push food inflation higher. One development that could throw a wrench in the works is potential deals between China and the US on soybean purchases. That could push pig feed prices relatively lower and limit a recovery in pork prices. Other usual suspects for a price drop - fresh vegetables and fresh food prices - also saw clear sequential price drops of -10.1% MoM and -3.3%, respectively. Tourism prices fell sharply -12.9% MoM in the off-season as the country got back to work in March. The substantive price drops are in line with China's typical seasonality around the Lunar New Year holiday. More importantly, for the months ahead, we are starting to see the impact of higher energy prices in the data. The subcategory for transportation fuel costs surged 10.0% MoM in March, even as gasoline prices have risen much less than crude oil prices in China. This surge culminated in a YoY spike to 3.4%, after coming in at -9.7% YoY in the first two months of the year. Further upside looks likely as energy prices stay elevated. Transportation fuel prices spiked at the start of the Iran war, with further upside likely PPI inflation returned positive for the first time since 2022 Producer price index inf...
The average one-year price target for Polestar Automotive Holding UK PLC - Depositary Receipt (NasdaqGM:PSNYW) has been revised to $4.43 / share. This is an increase of 26.94% from the prior estimate of $3.49 dated February 23, 2026. The price target is an ave
The average one-year price target for Polestar Automotive Holding UK PLC - Depositary Receipt (NasdaqGM:PSNYW) has been revised to $4.43 / share. This is an increase of 26.94% from the prior estimate of $3.49 dated February 23, 2026. The price target is an ave
Indonesia’s richest man has begun selling small stakes in his listed companies as tighter ownership rules push firms to increase shares available to public investors. Billionaire Prajogo Pangestu sold a 0.56% stake in coal and mining holding PT Petrindo Jaya Kreasi to boost the company’s free float, according to a stock exchange filing late Thursday. Pangestu-affiliated Green Era Energy Pte. Ltd. ...
Indonesia’s richest man has begun selling small stakes in his listed companies as tighter ownership rules push firms to increase shares available to public investors. Billionaire Prajogo Pangestu sold a 0.56% stake in coal and mining holding PT Petrindo Jaya Kreasi to boost the company’s free float, according to a stock exchange filing late Thursday. Pangestu-affiliated Green Era Energy Pte. Ltd. this week also sold a fraction of its stake in his PT Barito Renewables Energy . Indonesia is racing to avert a downgrade to frontier market status by MSCI Inc. that could trigger foreign outflows. To address concerns about ownership transparency, the stock exchange has proposed tighter rules to require 15% free float within three years. Barito Renewables, along with the Widjaja family’s PT Dian Swastatika Sentosa was among nine firms the regulator singled out for concentrated ownership of more than 95%, spurring selloffs . “Pangestu might only want to follow the rules,” said Christopher Andre Benas , head of research at PT BCA Sekuritas. “We hope that other tycoons to follow suit.” The sale of Petrindo shares is more of a signal to the market, as the company was already compliant with a 15.9% free float as of December, according to Indonesia Stock Exchange data published in February. After the transaction, Pangestu held a 82.86% stake. The stock gained as much as 11% on Friday. A Barito spokesperson referred to the disclosure and declined to comment further. Indonesia Ownership Warning Spurs Selloff in Tycoon-Linked Firms Indonesia Reforms Seen Averting MSCI Cut, Not Weighting Hit Richest Man in Indonesia Loses $9 Billion After MSCI’s Warning The core of the problem is a stock market that has long been dominated by family-owned conglomerates that operate dozens of listed and private entities spanning industries from mining to petrochemicals. The stricter requirements have also caused telecommunications infrastructure builder PT Solusi Tunas Pratama — controlled by Djarum G...