McDonald’s has sold another Hong Kong retail property, continuing its years-long effort to cash in on real estate assets accumulated during its rapid expansion across the city over the past few decades. The latest disposal involved Shop 1 on the upper ground floor of Parkvale Place on King’s Road in Quarry Bay, which changed hands for HK$110 million (US$14 million), according to Land Registry reco...
McDonald’s has sold another Hong Kong retail property, continuing its years-long effort to cash in on real estate assets accumulated during its rapid expansion across the city over the past few decades. The latest disposal involved Shop 1 on the upper ground floor of Parkvale Place on King’s Road in Quarry Bay, which changed hands for HK$110 million (US$14 million), according to Land Registry records. MCD Real Properties, a company linked to McDonald’s, sold the shop to Uni Investment...
A U.S. Army Apache attack helicopter crashed near the Strait of Hormuz, with President Trump saying the two crew members on board were "fine" after the incident. Trump also expressed optimism over negotiations with Iran. (Image credit: Mark Schiefelbein)
A U.S. Army Apache attack helicopter crashed near the Strait of Hormuz, with President Trump saying the two crew members on board were "fine" after the incident. Trump also expressed optimism over negotiations with Iran. (Image credit: Mark Schiefelbein)
FabrikaCr Asian equity markets mixed on Tuesday taking cues from Wall Street's overnight gains as chipmakers staged a strong recovery from Friday's steep selloff. Market sentiment was further supported as investors closely monitored tech sector valuation adjustments and the status of a fragile ceasefire between Iran and Israel. Gold steadied above $4,300 an ounce. WTI crude futures eased to $91 pe...
FabrikaCr Asian equity markets mixed on Tuesday taking cues from Wall Street's overnight gains as chipmakers staged a strong recovery from Friday's steep selloff. Market sentiment was further supported as investors closely monitored tech sector valuation adjustments and the status of a fragile ceasefire between Iran and Israel. Gold steadied above $4,300 an ounce. WTI crude futures eased to $91 per barrel after having reached $95 earlier. The benchmark KOSPI rose more than 3% to around 7,720, recovering part of the previous session's selloff. The South Korean won strengthened to around 1,518 per dollar. Japan's ( NKY:IND ) rose 1.84% to above 65,000, while the broader Topix Index advanced 0.5% to 3,871 . China's ( SHCOMP ) rose 0.68% to 3,965 on Tuesday, while the Shenzhen Component advanced 1.2%, and the offshore yuan held its gains around 6.78 per dollar. China’s trade surplus expanded to $105.43 billion in May 2026, up from $102.72 billion in May 2025, comfortably beating market forecasts of $92.1 billion. Exports grew sharply by 19.4% year-on-year to a record $376.78 billion in May 2026. Meanwhile, imports climbed 27.4% year-on-year to $271.35 billion, beating consensus estimates Hong Kong ( HSI ) fell 0.34% to 24,600, extending losses for a fifth straight session. India ( SENSEX ) rose 0.16% to 73,801, recovering from two consecutive sessions of losses. The Indian rupee firmed to around 95.4 per dollar. Australia ( AS51 ) fell 0.19% to 8,518, marking a third straight decline. The Australian dollar rose above $0.705, but stayed at a two-month low. Australia’s Westpac–Melbourne Institute Consumer Sentiment Index dropped 3.5% month-over-month to 80.6 in June 2026. In the U.S. on Monday, all three major indexes ended mixed supported by a rebound in chip stocks after sharp losses in previous session and renewed optimism surrounding AI. U.S. stock futures eased after the S&P 500 and Nasdaq Composite opened the week higher: Dow +0.12% ; S&P 500 +0.24% ; Nasdaq +0.52% ...
design master/iStock via Getty Images Almost a year ago to this day, I made a bold prediction. I mentioned that Oxford Lane Capital Corporation ( OXLC ), and incredibly popular closed-end fund that invests in risky assets, most notably CLOs (collateralized loan obligations), would prove to be a bad investment. I made the case at the time that the distributions it was paying out were unsustainable ...
design master/iStock via Getty Images Almost a year ago to this day, I made a bold prediction. I mentioned that Oxford Lane Capital Corporation ( OXLC ), and incredibly popular closed-end fund that invests in risky assets, most notably CLOs (collateralized loan obligations), would prove to be a bad investment. I made the case at the time that the distributions it was paying out were unsustainable and that it would certainly underperform the market for the foreseeable future. From that time through today, the fund has done exactly that. While the S&P 500 is up a solid 25.3%, units of this prospect have generated a total loss for investors of 38.7%. And since I originally turned bearish on it in October of 2023, its return for investors, including distributions, has been negative to the tune of 21.7%. The market, meanwhile, is up an astounding 78.3%. If you were to award an Olympic medal for one of the worst prospects on the market during this window of time, Oxford Lane Capital Corporation certainly would have placed in the upper echelon. Data by YCharts It's not just the S&P 500 that Oxford Lane Capital Corporation has underperformed. I also compared it to Eagle Point Credit Company ( ECC ), XAI Octagon Floating Rate & Alternative Income Trust ( XFLT ), OFS Credit Company ( OCCI ), Eagle Point Income Company ( EIC ), and Great Elm Capital Corporation ( GECC ) in the chart above. Over the last five years, it hasn't been the worst candidate, but it certainly hasn't been the best. The total return, inclusive of distributions, has been negative to the tune of 31.7%. But three of these five alternatives have generated superior returns while also boasting yields today of between 15.9% and 24.5%. Looking at the data today, I can't say that I am feeling any differently than I did back then. The fact of the matter is that management continues to pay out more than the fund generates in returns. In order to continue paying out these distributions, it essentially is diluting sh...
(RTTNews) - Koninklijke KPN N.V. (KPN.AS, KKPNY, KPN), a Dutch telecommunications and IT provider, responded to the decision by the Dutch Authority for Consumers and Markets or ACM to prohibit Glaspoort's proposed acquisition of about 200,000 fiber-to-the-home connections from DE
(RTTNews) - Koninklijke KPN N.V. (KPN.AS, KKPNY, KPN), a Dutch telecommunications and IT provider, responded to the decision by the Dutch Authority for Consumers and Markets or ACM to prohibit Glaspoort's proposed acquisition of about 200,000 fiber-to-the-home connections from DE
It may have been a while since you last heard of Digital Turbine (NASDAQ: APPS) , if you even remember it. The stock had been floating in penny-stock land for multiple years after collapsing by more than 95% from its 2021 highs. However, the mobile adtech company's stock more than doubled in May, and it wasn't a meme rally. The fundamentals have changed meaningfully for Digital Turbine, and this m...
It may have been a while since you last heard of Digital Turbine (NASDAQ: APPS) , if you even remember it. The stock had been floating in penny-stock land for multiple years after collapsing by more than 95% from its 2021 highs. However, the mobile adtech company's stock more than doubled in May, and it wasn't a meme rally. The fundamentals have changed meaningfully for Digital Turbine, and this may be the start of a massive turnaround. Image source: Getty Images. Continue reading
hirun/iStock via Getty Images Performance Recap • PGIM Jennison Rising Dividend Fund advanced for the quarter and outperformed the -4.3% return of the S&P 500 Index. Overall, dividend-paying stocks outperformed the broader market in the quarter. • Security selection within the consumer discretionary, communication services, and consumer industrials sectors, along with overweight's to energy, indus...
hirun/iStock via Getty Images Performance Recap • PGIM Jennison Rising Dividend Fund advanced for the quarter and outperformed the -4.3% return of the S&P 500 Index. Overall, dividend-paying stocks outperformed the broader market in the quarter. • Security selection within the consumer discretionary, communication services, and consumer industrials sectors, along with overweight's to energy, industrials, and utilities and an underweight to information technology added the most value during the period. • Stock selection within the consumer staples and energy sectors, along with an overweight to financials detracted the most from relative performance during the quarter. • Notable absolute performance contributors for the period were Cheniere Energy ( LNG ), GE Vernova ( GEV ), Caterpillar ( CAT ), TotalEnergies ( TTE ), and AT&T ( T ). Notable absolute performance detractors were IBM ( IBM ), Estee Lauder ( EL ), Microsoft ( MSFT ), Broadcom ( AVGO ), and Constellation Energy ( CEG ). Positioning & Outlook • U.S. equity markets in 1Q26 were dominated by geopolitical escalation and energy-driven inflation risk, leading to weak quarterly performance. The Iran conflict, and resulting disruptions to the Strait of Hormuz, sharply constrained global oil supply, driving a surge in energy prices even as headline Consumer Price Index (CPI) appeared stable. These dynamics led markets to price fewer rate cuts through 2026 and resulted in a move toward defensive and commodity-sensitive sectors. • Despite generally resilient corporate earnings, the quarter was also marked by multiple compression and a rotation away from growth, particularly within technology and Artificial Intelligence ( AI ) related stocks. Elevated valuations proved vulnerable as the macro backdrop, as well as continued skepticism around AI near-term investment returns, left growth indices exposed. Market performance was driven by a strong surge in the energy sector, and cyclical and defensive sectors broadly ou...
A more rigorous appraisal system for Hong Kong’s civil servants aims to bolster public trust and support, but adjustment to the changes will take time, the city’s leader has said. Facing backlash from unions, Chief Executive John Lee Ka-chiu said on Tuesday that the government would provide further explanation of the revamped appraisal system, which he described as a “fair reward and punishment me...
A more rigorous appraisal system for Hong Kong’s civil servants aims to bolster public trust and support, but adjustment to the changes will take time, the city’s leader has said. Facing backlash from unions, Chief Executive John Lee Ka-chiu said on Tuesday that the government would provide further explanation of the revamped appraisal system, which he described as a “fair reward and punishment mechanism” to enhance morale within the civil service. The government unveiled enhancement measures...
AlexSecret/iStock via Getty Images S&P Global ( SPGI ) has had a very tough start to the year, down 17%. The decline was kickstarted in Q1 by a weaker-than-expected full-year guide, and while this guide was not bad in totality, it comes at a time when there are several AI fears surrounding this company and its peers, particularly as it relates to the Market Intelligence business. To complicate mat...
AlexSecret/iStock via Getty Images S&P Global ( SPGI ) has had a very tough start to the year, down 17%. The decline was kickstarted in Q1 by a weaker-than-expected full-year guide, and while this guide was not bad in totality, it comes at a time when there are several AI fears surrounding this company and its peers, particularly as it relates to the Market Intelligence business. To complicate matters further, the company is pursuing a spin-off of its Mobility business in the coming weeks. While this is absolutely a net positive for the company, I still don't see enough upside on the valuation front to warrant buying shares at this time, especially with the AI overhang. A Household Name in Flux S&P Global is a provider of benchmarks, data, analytics, and workflow solutions in the global capital, energy, commodity, and automotive markets. The data can be used in virtually every industry around the globe. The company has five core businesses - Market Intelligence, Ratings, Energy, Mobility and Indices. The segment revenue mix is approximately 31.2% for Ratings, 31.2% for Market Intelligence, 15.6% for Energy, 12.4% for Indices, and 10.9% for Mobility. As we begin to think about revenue type, 48% of sales come from Subscription, 24% come from non-subscription transactions, 13% are non-transaction, 8% are asset-linked fees, 4% are recurring variable fees, and the remainder at 3% are sales usage-based royalties. By geography, approximately 63% of sales come from the US, while 22% is in the European region, 10% is in Asia, and 5% is in Rest of World. All divisions and geographies grew in Q1. With a business like SPGI, AI becomes a primary concern, which is really worth digging into further. The stock is down a lot this year, primarily due to the fear that AI will start to eat away at market share. When the company initially unveiled its full-year guide back in Q1, the stock sold off since it was about ~3% below consensus. While that's not a lot to be concerned about, they...