On Monday, analyst Mark Gurman said Apple Inc. Intelligence's brief appearance in China was accidental and not an official rollout. A Mistake, Not A Launch? Apple Intelligence may have briefly surfaced for users in China, but Gurman says it wasn't intentional. "Apple Intelligence launched in China in error — it's been ready to go for months but Apple doesn't yet have regulatory approval," Gurman w...
On Monday, analyst Mark Gurman said Apple Inc. Intelligence's brief appearance in China was accidental and not an official rollout. A Mistake, Not A Launch? Apple Intelligence may have briefly surfaced for users in China, but Gurman says it wasn't intentional. "Apple Intelligence launched in China in error — it's been ready to go for months but Apple doesn't yet have regulatory approval," Gurman wrote on X. He added that there is "no imminent launch" and said that Apple has since pulled the feat
Hong Kong’s ambitious plan to build a technology hub near mainland China is getting a cold shoulder from real estate executives. The government is ramping up plans to develop the Northern Metropolis , a sprawling area that it wants to house everything from cutting-edge laboratories to promising startups. In February, local officials said they would pull HK$150 billion ($19 billion) from the city’s...
Hong Kong’s ambitious plan to build a technology hub near mainland China is getting a cold shoulder from real estate executives. The government is ramping up plans to develop the Northern Metropolis , a sprawling area that it wants to house everything from cutting-edge laboratories to promising startups. In February, local officials said they would pull HK$150 billion ($19 billion) from the city’s currency defense fund to support the project — a high-profile show of support. But real estate executives aren’t so sure. Although the city’s big developers haven’t publicly criticized the project, privately some of them gripe about the risks of oversupply and the difficulty they face assessing investment opportunities. Their skepticism adds to signs of discord elsewhere. Environmental groups have sounded the alarm about the danger to local wildlife. On a radio show attended by Financial Secretary Paul Chan , a listener complained that the massive investment only benefits Shenzhen, and that more resources should be allocated to Hong Kong residents instead. These signs of frustration underscore the hurdles confronting the Northern Metropolis, first introduced as a solution to the city’s housing congestion in 2021 . The project is set to span roughly a third of Hong Kong’s territory, occupying a long-overlooked region bordering Shenzhen. The government is clearly committed to the project. By tapping the currency defense fund for the first time in over four decades, Hong Kong officials were betting the city would reap the benefits of job creation and tax revenue eventually generated from the area, said Tommy Wu , a senior economist at Standard Chartered Plc. “Hong Kong focuses on finance and professional services, but we should try not to put all our eggs in one basket,” said Wu. “So having diversity and a new growth engine is a good thing.” Read More: Hong Kong’s Shock Move to Tap Dollar Defense Fund Fuels Concern But the Northern Metropolis may confront some of the issues t...
One of the most highly anticipated stock debuts could happen in the coming weeks or months (estimates suggest a June IPO). Reports indicate SpaceX is filing its initial public offering (IPO) prospectus as early as this week, and it is projected to raise more than $75 billion. It's likely to be the largest IPO in history. If you're interested in what a publicly traded SpaceX will look like for reta...
One of the most highly anticipated stock debuts could happen in the coming weeks or months (estimates suggest a June IPO). Reports indicate SpaceX is filing its initial public offering (IPO) prospectus as early as this week, and it is projected to raise more than $75 billion. It's likely to be the largest IPO in history. If you're interested in what a publicly traded SpaceX will look like for retail investors, here are some things you need to know. SpaceX could IPO with a valuation of around $1.5 trillion. Some reports indicate that the number could reach as much as $1.75 trillion. That would easily make it the largest offering ever. It's estimated SpaceX generated $16 billion in revenue in 2025, suggesting the valuation could be more than 100 times revenue. Another consideration for potential investors is that CEO Elon Musk may pursue avenues to retain voting control and limit public shareholders' ability to influence the company and its initiatives. While these are still just rumors, investors should keep this in mind if dual stock classes are issued. Dual stock classes mean some shares hold (much) more voting power than others. Continue reading
格隆汇4月2日｜澳大利亚证券监管机构表示，该国证券交易所运营商因注重回报股东而损害了关键市场基础设施的韧性。澳大利亚证券及投资事务监察委员会(ASIC)周四表示，ASX未能充分关注基础设施。该监管机构补充说，ASX缺乏成为此类基础设施管理者的抱负。ASIC在一份声明中表示：“为实现高额股东回报，关键市场基础设施的韧性受到了损害。”一个由ASIC委托的专门小组在其关于ASX多次失误和故障的最终报告中做出了这一评判，该小组成员包括一位澳大利亚央行(Reserve Bank of Australia)前副行长。ASX运营着一个交易所，其自身股票也在该交易所交易。该专门小组的一份2025年中期报告已经指出，ASX对其基础设施的韧性和安全性投资不足。
Greggory DiSalvo/iStock via Getty Images Newell Brands ( NWL ) currently offers a 8.5% dividend yield, which may be attractive for many income focussed investors, especially amid all the ongoing macroeconomic uncertainties. Although the firm has been a reliable payer of dividends for 26 years by now, I believe it is not worth owning the company for these quarterly payments right now. First of all,...
Greggory DiSalvo/iStock via Getty Images Newell Brands ( NWL ) currently offers a 8.5% dividend yield, which may be attractive for many income focussed investors, especially amid all the ongoing macroeconomic uncertainties. Although the firm has been a reliable payer of dividends for 26 years by now, I believe it is not worth owning the company for these quarterly payments right now. First of all, companies in the consumer discretionary sector may be struggling in the coming quarters, due to low consumer confidence levels. Second, the firm's profitability may also be deteriorating going forward, due to the elevated energy prices. Last, but not least, if energy prices were to remain elevated for longer and demand was to remain soft, the dividend may become unsustainable. Let's dive deeper into each of these points. Financials and the macro landscape NWL's most recent quarterly earnings report showed that net sales declined by 2.7% year-over-year, that the gross profit margin contracted, and that the net losses widened significantly, totalling in $315 million. While the net loss may not be as bad as one would first think, as it was a one-off, non-cash impairment related to indefinite-lived tradenames, the other two are definitely something to be more concerned about. Q4 results (Newell Brands) Let us focus now a bit on the sales part of things. Core sales actually declined by as much as 4.1% compared to the prior year period, but it was partially offset by the favourable exchange rate environment. If we look at the results on a segment basis, we can see that the core sales growth was negative across all of them, with home and commercial solutions, and outdoor and recreation posting the worst numbers. If we break down the sales geographically, we can also see that the core sales growth was negative both in North America and internationally. Sales (Newell Brands) Looking forward, the firm expects core sales to keep declining in Q1 and also in full year 2026. Normalised ...