This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. The Hong Kong Observatory issued a red rainstorm warning on Monday evening and forecast heavy rain for the next 24 hours. The forecaster first issued an amber warning – the lowest level in a three-tier system – at 7.20pm before upgrading it to red 30 minutes la...
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. The Hong Kong Observatory issued a red rainstorm warning on Monday evening and forecast heavy rain for the next 24 hours. The forecaster first issued an amber warning – the lowest level in a three-tier system – at 7.20pm before upgrading it to red 30 minutes later. Earlier, at 5pm, it warned that rainfall could reach around 100mm (four inches) in 24 hours as...
HSBC's Georges Elhedery said the GCC has emerged from recent turmoil. He also told Francine Lacqua that ‘Human Judgment’ Is Vital as AI gathers pace. (Source: Bloomberg)
HSBC's Georges Elhedery said the GCC has emerged from recent turmoil. He also told Francine Lacqua that ‘Human Judgment’ Is Vital as AI gathers pace. (Source: Bloomberg)
Software is eating the world, and virtually no business is left untouched by it. Companies bringing it to life have been rewarded with high valuation multiples that make fundraising easier, but they have weighed on returns lately as the industry has pulled back by 8.5% over the past six months. This drop is a far cry from the S&P 500’s 10.7% ascent.
Software is eating the world, and virtually no business is left untouched by it. Companies bringing it to life have been rewarded with high valuation multiples that make fundraising easier, but they have weighed on returns lately as the industry has pulled back by 8.5% over the past six months. This drop is a far cry from the S&P 500’s 10.7% ascent.
KUALA LUMPUR, Malaysia, June 08, 2026 (GLOBE NEWSWIRE) -- On May 12, 2026, the Science x AI Summit 2026 was successfully held in Silicon Valley. The summit attracted the world's leading technology companies and research institutions, focusing on the next stage of artificial intelligence development. Tan Thian Ong, founder of Thian Ong Financial Academy, attended the summit and engaged in strategic...
KUALA LUMPUR, Malaysia, June 08, 2026 (GLOBE NEWSWIRE) -- On May 12, 2026, the Science x AI Summit 2026 was successfully held in Silicon Valley. The summit attracted the world's leading technology companies and research institutions, focusing on the next stage of artificial intelligence development. Tan Thian Ong, founder of Thian Ong Financial Academy, attended the summit and engaged in strategic cooperation exchanges with several technology giants. During the summit, Tan Thian Ong held in-dept
Marvell Technology shares climbed more than 7% in premarket trading on Monday after the chipmaker was set to join the benchmark S&P 500 at the end of June, in the latest boost to a stock that has surged recently. Its shares have gained about 59% since May 27 after the company forecast its custom-chip business would surpass $10 billion in revenue in fiscal 2029 and Nvidia CEO Jensen Huang called...
Marvell Technology shares climbed more than 7% in premarket trading on Monday after the chipmaker was set to join the benchmark S&P 500 at the end of June, in the latest boost to a stock that has surged recently. Its shares have gained about 59% since May 27 after the company forecast its custom-chip business would surpass $10 billion in revenue in fiscal 2029 and Nvidia CEO Jensen Huang called Marvell the next "trillion-dollar company." The stock dropped 16.7% in regular trading on Friday amid a broader selloff that wiped out $1.3 trillion in market value for the chip sector.
S&P 500 Index futures are up 0.6% at 7:49 a.m. in New York, signaling a modest rebound for stocks after Friday’s slide. Nasdaq 100 futures rise 1.2% Dow Jones Industrial Average futures are up 0.3% The MSCI World Index is down 0.2% Here are some of the biggest US movers before the bell: Magnificent Seven stocks: Nvidia (NVDA) +2%, Tesla (TSLA) +1.6%, Meta Platforms (META) +0.7%, Amazon (AMZN) +1%,...
S&P 500 Index futures are up 0.6% at 7:49 a.m. in New York, signaling a modest rebound for stocks after Friday’s slide. Nasdaq 100 futures rise 1.2% Dow Jones Industrial Average futures are up 0.3% The MSCI World Index is down 0.2% Here are some of the biggest US movers before the bell: Magnificent Seven stocks: Nvidia (NVDA) +2%, Tesla (TSLA) +1.6%, Meta Platforms (META) +0.7%, Amazon (AMZN) +1%, Apple (AAPL) +0.5%, Microsoft (MSFT) -0.07%, Alphabet (GOOGL) -0.4% Energy stocks and fertilizer stocks are rising, while travel stocks are falling, as a fresh flare-up in Iran-Israel hostilities threatened the Middle East ceasefire and lifted oil prices. Campbell’s (CPB) rises 1% after the food company reported adjusted earnings per share for the third quarter that beat the average analyst estimate. Eli Lilly (LLY) gains 1.6% following obesity drug presentations at the American Diabetes Association conference. Ingredion Inc. (INGR) slips about 1% after agreeing to buy Tate & Lyle Plc for $3.6 billion, in a move that marks the end of the UK company’s near-century on the London Stock Exchange. Nurix Therapeutics (NRIX) is up 25% after Roche agreed to pay the clinical-stage biopharmaceutical company as much as $2.3 billion for rights to an experimental blood-cancer drug. Marvell (MRVL) climbs 9% and Flex (FLEX) rises 4% as the companies are set to replace Pool Corp. and Campbell’s in the S&P 500 before the market open on June 22. Wix.com (WIX) falls 15% after the web-platform said it expects an approximately $50m reduction in bookings in 2026 as a result of a new organizational realignment program as well as a more pronounced slowdown in the growth of its Partners business, beyond previous expectations.
"Quality" stocks may be better able to withstand market turbulence thanks to stable earnings, strong balance sheets, and more; these ETFs aim to find them.
"Quality" stocks may be better able to withstand market turbulence thanks to stable earnings, strong balance sheets, and more; these ETFs aim to find them.
keni1/iStock via Getty Images Alliance Resource Partners ( ARLP ) up 1.5% pre-market Monday after saying it agreed to acquire general partner and limited partner interests in AllDale Minerals III and AllDale Minerals IV for $206.2M. AllDale III and IV hold ~48.5K net royalty acres across premier basins and resource plays including the Permian, Anadarko, Bakken, and Haynesville; Q1 production total...
keni1/iStock via Getty Images Alliance Resource Partners ( ARLP ) up 1.5% pre-market Monday after saying it agreed to acquire general partner and limited partner interests in AllDale Minerals III and AllDale Minerals IV for $206.2M. AllDale III and IV hold ~48.5K net royalty acres across premier basins and resource plays including the Permian, Anadarko, Bakken, and Haynesville; Q1 production totaled 5,940 boe/day in total and 3,665 boe/day net to Alliance Resource's ( ARLP ) economic interests, consisting of 27% oil, 18% natural gas liquids, and 55% natural gas. Upon closing, Alliance Resources' ( ARLP ) aggregate economic interest across AllDale III and IV is expected to increase from ~5% to 61%, owning 100% of the general partner interests of AllDale III and IV. Alliance Resources ( ARLP ) said the acquisition meaningfully enhances its northern Delaware, Anadarko, and Bakken positions, increasing trailing 12-month new wells placed on production by 59%, 78%, and 91%, respectively, and provides entry into the Haynesville, a key natural gas resource play supporting LNG export demand. Upon closing the transaction, Alliance Resources ( ARLP ) said it expects to have control of 115,860 net royalty acres, with 44,770 NRAs in the Permian, at Q1 production of 17,295 boe/day in total and 14,285 boe/day net to its economic interests. More on Alliance Resource Partners Alliance Resource Partners: High-Yield Is Covered, Cheap, And Getting Safer Alliance Resource Partners: Investing In Coal And More Isn't Dead Alliance Resource Partners: A Coal Giant Pivoting To AI, Bitcoin, And Electrification
(RTTNews) - Monday, Ciena Corporation (CIEN) announced its plan to offer $2.0 billion aggregate principal amount of convertible senior notes due 2031 in a private offering.
(RTTNews) - Monday, Ciena Corporation (CIEN) announced its plan to offer $2.0 billion aggregate principal amount of convertible senior notes due 2031 in a private offering.
The SpaceX IPO is so close that the excitement is almost palpable. Where some Elon Musk fanatics have been telling themselves they’re getting in on the first day at any cost, others see the potential for pain, not just with the buyers at the wrong price at the wrong time, but perhaps for the rest ... Inside the Mouth-Watering Numbers Justifying SpaceX’s $1.75 Trillion IPO
The SpaceX IPO is so close that the excitement is almost palpable. Where some Elon Musk fanatics have been telling themselves they’re getting in on the first day at any cost, others see the potential for pain, not just with the buyers at the wrong price at the wrong time, but perhaps for the rest ... Inside the Mouth-Watering Numbers Justifying SpaceX’s $1.75 Trillion IPO
From the beginning of the US-Iranian negotiations to end the war in the Middle East, Israel has repeatedly demanded its conflict with Lebanon’s Hezbollah be left out. Iran, by contrast, has been insisting that its Lebanese ally stay under its umbrella, while US President Donald Trump seems focused on getting a peace deal done to ease oil prices and calm voter fury before November’s midterm electio...
From the beginning of the US-Iranian negotiations to end the war in the Middle East, Israel has repeatedly demanded its conflict with Lebanon’s Hezbollah be left out. Iran, by contrast, has been insisting that its Lebanese ally stay under its umbrella, while US President Donald Trump seems focused on getting a peace deal done to ease oil prices and calm voter fury before November’s midterm elections. But Israeli Prime Minister Benjamin Netanyahu has his own election this fall to worry about, and a growing challenge for him is a concern — expressed by numerous opposition leaders — that his alliance with the US has grown too tight, and Israel is turning into a vassal state unable to make its own security decisions. Read More: Trump Urges End to Fighting After Iran, Israel Trade Missiles Naftali Bennett , who’s close to Netanyahu in opinion surveys, last week assailed what he called “a government that has lost control over Israeli sovereignty.” After Iran and Israel traded fire on Sunday, Trump called on both sides to stop and told Axios he was going to call Netanyahu to tell him not to retaliate. Neither side listened: by Monday morning, Israeli warplanes had struck a petrochemical site and explosions were heard across Tehran, while Iran and its Yemeni proxy the Houthis fired on Israel. “Iran is attempting to create a new equation by carrying out direct fire into our territory in response to our strikes in southern Beirut. We will not allow this,” Israeli military spokesman Brigadier General Effie Defrin said. Army Radio reported that the military believes the exchanges with Iran will last several days. The military is preparing for a broad call-up and is expected to mobilize several reserve battalions while reinforcing border forces particularly along the West Bank and Jordan. A large-scale reserve mobilization began on Monday, including search-and-rescue units prepared to deploy to impact sites. All of this renewed activity, while defying Trump, poses an acute dilem...
(RTTNews) - While reporting financial results for the third quarter on Monday, Campbell's Co. (CPB) reaffirmed its adjusted earnings and organic net sales guidance for the full-year 2026.
(RTTNews) - While reporting financial results for the third quarter on Monday, Campbell's Co. (CPB) reaffirmed its adjusted earnings and organic net sales guidance for the full-year 2026.