The travel support fund has been called for by charities for some time, who have argued that families have run up debts and had to cut back on essentials like food because of the cost of travel. It is further compounded by parents having to give up work or reduce their hours to care for their sick children.
The travel support fund has been called for by charities for some time, who have argued that families have run up debts and had to cut back on essentials like food because of the cost of travel. It is further compounded by parents having to give up work or reduce their hours to care for their sick children.
South Korean stocks rebounded after Monday’s steep selloff, with the nation’s technology giants resuming their torrid rallies as global markets stabilized and concerns over AI spending receded. The Kospi climbed as much as 5%, the most since April 10, with chipmakers Samsung Electronics Co. , and SK Hynix Inc. the biggest boosts, climbing more than 6% each. The Korean benchmark has more than doubl...
South Korean stocks rebounded after Monday’s steep selloff, with the nation’s technology giants resuming their torrid rallies as global markets stabilized and concerns over AI spending receded. The Kospi climbed as much as 5%, the most since April 10, with chipmakers Samsung Electronics Co. , and SK Hynix Inc. the biggest boosts, climbing more than 6% each. The Korean benchmark has more than doubled in the past 12 months, making it the world’s best-performing equity index. Read more: Korea’s World-Beating Stock Rally Stumbles as Risk-Off Wave Hits Global markets got positive tailwinds from solid US factory data and a calming of the selloff in precious metals. Sentiment had been hit as traders mulled the pick for Federal Reserve chair along with ongoing worries on geopolitical tensions and the sustainability of the AI boom. Korean stock volatility spiked to the highest since 2020 on Monday. Samsung and SK Hynix are both up more than 30% this year on growing awareness of AI’s voracious need for memory chips. With the rallies extending after last year’s big gains, trading is becoming more erratic as daily newsflow drives investors to sell one day and buy the next. Local institutions were the main drivers of Tuesday’s bounce in Seoul, and foreign funds also bought stocks on a net basis, while retail investors sold. Buy orders for program trading was briefly halted after Kospi 200 futures jumped more than 5%.
(RTTNews) - The Indonesia stock market turned sharply lower again on Monday, one session after ending the two-day plunge in which it had tumbled almost 750 points or 9 percent. The Jakarta Composite Index now sits just above the 7,920-point plateau although it's likely to find renewed support on Tuesday. The global forecast for the Asian markets is positive on decent economic data, although weakne...
(RTTNews) - The Indonesia stock market turned sharply lower again on Monday, one session after ending the two-day plunge in which it had tumbled almost 750 points or 9 percent. The Jakarta Composite Index now sits just above the 7,920-point plateau although it's likely to find renewed support on Tuesday. The global forecast for the Asian markets is positive on decent economic data, although weakness among the oil stocks may limit the upside. The European and U.S. markets were up and the Asian bourses are expected to follow suit. The JCI finished sharply lower on Monday following heavy losses among the resource and energy companies, while the financial and cement sectors were mixed. For the day, the index crashed 406.88 points or 4.88 percent to finish at 7,922.73 after trading between 7,820.23 and 8,313.06. Among the actives, Bank CIMB Niaga sank 0.83 percent, while Bank Mandiri fell 0.41 percent, Bank Danamon Indonesia retreated 1.57 percent, Bank Negara Indonesia rose 0.22 percent, Bank Central Asia rallied 2.70 percent, Bank Rakyat Indonesia collected 0.52 percent, Indosat Ooredoo Hutchison shed 0.45 percent, Indocement slumped 0.75 percent, Semen Indonesia surged 5.31 percent, Indofood Sukses Makmur vaulted 3.31 percent, United Tractors plunged 6.14 percent, Astra International skidded 1.18 percent, Energi Mega Persada cratered 15.00 percent, Astra Agro Lestari declined 1.69 percent, Aneka Tambang tanked 9.50 percent, Vale Indonesia crashed 8.14 percent, Timah dropped 8.33 percent and Bumi Resources plummeted 14.73 percent. The lead from Wall Street is upbeat as the major averages opened flat but quickly tracked to the upside and spent the balance of the day in the green. The Dow jumped 515.19 points or 1.05 percent to finish at 49,407.66, while the NASDAQ added 130.29 points or 0.56 percent to end at 23,592.11 and the S&P 500 gained 37.41 points or 0.54 percent to close at 6,976.44. The strength on Wall Street followed the release of a report from the Institute...
(RTTNews) - Elon Musk's SpaceX announced the acquisition of xAI, creating what it calls the most ambitious, vertically integrated innovation engine on and off Earth. The combined effort spans rockets, space-based internet, direct-to-mobile communications, and AI—all tied to a vision of extending human consciousness to the stars. Current AI systems rely on massive terrestrial data centers that cons...
(RTTNews) - Elon Musk's SpaceX announced the acquisition of xAI, creating what it calls the most ambitious, vertically integrated innovation engine on and off Earth. The combined effort spans rockets, space-based internet, direct-to-mobile communications, and AI—all tied to a vision of extending human consciousness to the stars. Current AI systems rely on massive terrestrial data centers that consume enormous amounts of electricity and cooling. SpaceX argues that this approach is unsustainable, and that the only logical path forward is to move compute into orbit, where near-constant solar power can be harnessed with minimal operating costs. The company envisions launching a constellation of satellites that function as orbital data centers, each contributing to a scalable AI infrastructure. Starship, SpaceX's next-generation rocket, will play a central role by delivering hundreds of tons of payload per launch. With frequent flights, millions of tons of hardware could be placed into orbit annually, adding gigawatts of AI compute capacity without the limitations of Earth-based facilities. In the longer term, lunar manufacturing and electromagnetic mass drivers could enable hundreds of terawatts of AI satellites to be deployed into deep space, advancing humanity toward a Kardashev II civilization capable of harnessing a significant fraction of the Sun's energy. SpaceX frames this initiative not only as a technological leap but as a civilizational one—laying the foundation for permanent bases on the Moon, cities on Mars, and ultimately humanity's expansion across the Universe. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Earnings Call Insights: Kforce Inc. (KFRC) Q4 2025 Management View CEO Joseph Liberatore reported fourth quarter revenues that were above expectations, highlighting “the highest sequential billing day growth since the second quarter of 2022" in the Technology business. He stated that January results suggest "2026 is our best start since 2022" and attributed the ongoing momentum to the company’s cl...
Earnings Call Insights: Kforce Inc. (KFRC) Q4 2025 Management View CEO Joseph Liberatore reported fourth quarter revenues that were above expectations, highlighting “the highest sequential billing day growth since the second quarter of 2022" in the Technology business. He stated that January results suggest "2026 is our best start since 2022" and attributed the ongoing momentum to the company’s client portfolio, the criticality of its work, and the resilience of its workforce. Liberatore emphasized that “clients may increasingly pursuing a flexible talent model as a means to complete critical projects in this uncertain macro landscape.” Liberatore described 2025 as the third consecutive year of revenue declines for Kforce and the broader technology services sector, but expressed optimism for “a more typical cyclicality” based on recent operating trends. He noted that Kforce is positioned to benefit from the evolving impact of AI, stating, “generative AI and its offshoots into Agentic AI and Cognitive AI is in the early innings of the evolution.” COO David Kelly stated, “Total revenues of $332 million surpassed our expectations and represented a 3% overall sequential improvement per billing day in the fourth quarter.” Kelly noted sequential Flex revenue growth of 3% in Technology and 5.7% in FA, with eight of the top ten industries showing sequential growth. He highlighted an expanding Consulting Solutions business and an acceleration in demand for the Multi-Shore Delivery model, including a development center in Pune, India. Kelly described cost actions, “we’ve aligned our support infrastructure to current revenue levels and continue to prioritize the retention of our most productive associates while making targeted investments.” CFO Jeffrey Hackman reported, “Revenues for fiscal 2025 of approximately $1.33 billion decreased roughly 5% year-over-year. GAAP earnings per share of $1.96 included fourth quarter 2025 charges of $0.13 related to refinements in our organiz...