Hong Kong police have arrested a 49-year-old bus driver on suspicion of dangerous driving causing death after a collision that killed two people on Lantau Link. The accident occurred at 11.16pm on Monday when a double-decker Long Win Bus on route E32A heading towards Tung Chung rammed into a stationary taxi on the Tsing Yi section of the highway, according to police. Firefighters were called to th...
Hong Kong police have arrested a 49-year-old bus driver on suspicion of dangerous driving causing death after a collision that killed two people on Lantau Link. The accident occurred at 11.16pm on Monday when a double-decker Long Win Bus on route E32A heading towards Tung Chung rammed into a stationary taxi on the Tsing Yi section of the highway, according to police. Firefighters were called to the scene to rescue the 66-year-old taxi driver and his 37-year-old male passenger, who were trapped...
Guido Mieth/DigitalVision via Getty Images Overview With market indices pulling back from their highs, it can be difficult to determine where the good opportunities are. However, the John Hancock Preferred Income Fund ( HPI ) now trades at an attractive valuation, so I wanted to reassess its overall value proposition. When I previously covered HPI, I issued a hold rating due to the limited growth ...
Guido Mieth/DigitalVision via Getty Images Overview With market indices pulling back from their highs, it can be difficult to determine where the good opportunities are. However, the John Hancock Preferred Income Fund ( HPI ) now trades at an attractive valuation, so I wanted to reassess its overall value proposition. When I previously covered HPI, I issued a hold rating due to the limited growth potential related to leverage. Since then, the fund's share price has declined by more than 12.4%, and the total return has not kept up with the S&P 500 Index ( SPX ). However, the fund has released an updated report, and the interest rate environment has shifted. Therefore, I anticipate that performance will improve once we get over the current macroeconomic uncertainties. Furthermore, the fund now trades at one of the most attractive ends of its historical range. For instance, HPI now trades at a very small premium to NAV of 0.26%. For reference, HPI has traded at an average premium to NAV of 2.47% over the last five years. Referring to the red line on the graph below, we can see that the fund now trades at a more reasonable price-to-NAV range that may justify the accumulation of shares. CEFData.com The fund now offers a dividend yield of 9.7%, and the fund continues to demonstrate its ability to generate earnings that exceed distributions. Therefore, HPI remains a great option for investors that want to prioritize a steady stream of income. Forward-looking, I believe that will substantially improve when interest rates trend lower and as the financial sector is capable of participating in the expansion of AI. So let's start by reviewing the underlying strategy that HPI implements to generate its earnings. Fund Strategy According to the latest fund overview , HPI now has total managed assets of $686.8M that are spread across 167 different holdings. What makes HPI unique is the focus on preferred stocks and preferred convertible securities, which helps put an emphasis on su...
LIANYUNGANG, CHINA - FEBRUARY 28: Employees produce stuffed toys for export at a toy factory on February 28, 2026 in Lianyungang, Jiangsu Province of China. Si Wei | Visual China Group | Getty Images China's official gauge for manufacturing activity rose more than expected in March, marking its strongest performance in a year and snapping two months of declines. The Manufacturing Purchasing Manage...
LIANYUNGANG, CHINA - FEBRUARY 28: Employees produce stuffed toys for export at a toy factory on February 28, 2026 in Lianyungang, Jiangsu Province of China. Si Wei | Visual China Group | Getty Images China's official gauge for manufacturing activity rose more than expected in March, marking its strongest performance in a year and snapping two months of declines. The Manufacturing Purchasing Managers' Index for March rose to 50.4, according to the National Bureau of Statistics on Tuesday, beating economists' expectations for 50.1 in a Reuters poll. A reading below 50 indicates contraction, while levels above that threshold signal expansion. That expansion marked a notable rebound from two months of contraction, with the official figure standing at 49.3 and 49.0 in January and February, respectively. In the first two months of this year, China's exports surged 21.8% from a year earlier , sharply beating expectations, as robust demand from Southeast Asia and Europe more than offset the slump in U.S.-bound shipments. A separate private-survey PMI conducted by RatingDog and S&P Global is set to be released on Wednesday and is expected to drop to 51.6 in March from a 5-year high of 52.1 in February , according to a Reuters poll. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
China’s factory activity expanded for the first time this year despite higher energy prices and disruptions caused by the escalating conflict in the Middle East . The official manufacturing purchasing managers’ index reached 50.4 in March, versus 49 last month, the National Bureau of Statistics said Tuesday. The median estimate of economists surveyed by Bloomberg was 50.1, a touch above the thresh...
China’s factory activity expanded for the first time this year despite higher energy prices and disruptions caused by the escalating conflict in the Middle East . The official manufacturing purchasing managers’ index reached 50.4 in March, versus 49 last month, the National Bureau of Statistics said Tuesday. The median estimate of economists surveyed by Bloomberg was 50.1, a touch above the threshold separating growth from contraction. The non-manufacturing measure of activity in construction and services unexpectedly grew this month, rising to 50.1 from 49.5 in February. It’s the first official data capturing the upheaval sparked by the war, which began when the US and Israel struck Iran on Feb. 28. China’s manufacturing is exiting a two-month contraction after the government ramped up spending at the start of the year and as exports prove immune to pressure from abroad thanks to global demand linked to artificial intelligence. Even so, the fallout from the hostilities has already shown signs of spreading across the world economy, with multiple PMIs compiled by S&P Global for March registering declines. China remains vulnerable to spillovers from foreign shocks in case of a slowdown in global growth, as the Iran war sends global energy prices soaring. Many Chinese factories that rely on crude or oil-derived products as raw materials are already struggling with higher costs. In March, Chinese factories recorded their fastest surge in raw material costs and output prices in about four years, as crude rallied during a conflict that’s disrupting swaths of global energy supply. Apart from oil, a spike in the cost of non-ferrous metals such as copper and aluminum in recent months also pushed up expenses for companies. But the pace of factories’ price hikes has lagged behind the increase in their costs so far, indicating that manufacturers are so far opting to foot part of the bill from the shock. “Affected by factors such as the current geopolitical conflict in the Middl...
Australia’s pipeline for initial public offerings is showing signs of resilience, even as the war in Iran rattles the stock market and fuels uncertainty, according to JPMorgan Chase & Co. “We continue to see a robust IPO pipeline in Australia with investors still eager to meet with high quality companies,” Justin Grimmond , head of equity capital markets for Australia and New Zealand at JPMorgan, ...
Australia’s pipeline for initial public offerings is showing signs of resilience, even as the war in Iran rattles the stock market and fuels uncertainty, according to JPMorgan Chase & Co. “We continue to see a robust IPO pipeline in Australia with investors still eager to meet with high quality companies,” Justin Grimmond , head of equity capital markets for Australia and New Zealand at JPMorgan, said in an interview. The firm ranked first in underwriting equity and rights offerings in the region last year, according to Bloomberg’s league tables . Australian IPOs raised $476 million in the first quarter, the best start of a year since 2021, according to data compiled by Bloomberg. Among major deals in the pipeline, AI startup Firmus Technologies Pty, valued at about $4.2 billion in a fundraising round in November, is expected to offer shares. The regulator is looking to fortify a pickup in the IPO market from pandemic-era lows. The Australian Securities and Investment Commission is trialling a shortened IPO timetable with ASX Ltd. Last year’s listing proceeds of $2.1 billion were largely on par with the previous year at less than a quarter of the 2021 level. Recent headwinds include a downturn in global equity markets since the onset of the war in Iran. Australia’s benchmark S&P/ASX 200 Index has fallen almost 8%, with the country’s volatility measure consistently above 15 points, the highest level since US President Donald Trump announced his so-called ‘Liberation Day’ tariffs in April 2025. Still, companies especially in core industries continue to get investor interest, according to Philip Hart , a partner at Herbert Smith Freehills Kramer in Sydney. Gold miners Valiant Gold Ltd., 49 Metals Ltd. and Kaoko Metals Ltd. are set to collectively raise A$91.5 million ($62.8 million) in their listings throughout March and April, while Sydney-based furniture retailer Koala Co. Ltd. debuted on the ASX on Tuesday after an IPO that raised A$68.1 million. “Markets adapt and ...
Sora 关停的 2 日后，在一场以 AI 短剧为主题的论坛上，一位非常焦虑的观众向一位一人短剧公司的 CEO 提问：“传闻您的团队在春节期间制作了 200 部短剧，大概在多短时间内？真的是 2 个人带 4 只小龙虾吗？” 出身北电的内谷女士，也是杭州芭芙点满泛娱的 CEO 回答道：“准确的，一个月内完成 200 部。生产规模是，由我和另一位 coo 共同管理，制作团队一个人一天大约能产出合乎质量...
Sora 关停的 2 日后，在一场以 AI 短剧为主题的论坛上，一位非常焦虑的观众向一位一人短剧公司的 CEO 提问：“传闻您的团队在春节期间制作了 200 部短剧，大概在多短时间内？真的是 2 个人带 4 只小龙虾吗？” 出身北电的内谷女士，也是杭州芭芙点满泛娱的 CEO 回答道：“准确的，一个月内完成 200 部。生产规模是，由我和另一位 coo 共同管理，制作团队一个人一天大约能产出合乎质量的产能为 40 分钟。” 焦虑的观众继续追问：“我想询问几个比较敏感的话题，每分钟产生的收益大约是多少？您用的是哪个模型？” 内谷并不逃避：“可以回答的是，利润率大约是 45%左右。模型方面，目前我们采用的是 Seedance2.0 面向企业的版本。” 图说/记者用豆包生成的小猫自拍，图源/豆包 AI 能赚多少钱，这是人类最关心的话题，也是一个 AI 视频生成平台能否在行业站得住脚的根本。 一方面是 AI 技术的日新月异，另一方面，在商业的视线下，AI 视频第一次出现“技术输给生态”的反理性现象。 3 月 24 日，Open AI 旗下的 Sora 关停，一个被寄予厚望的技术传奇突然收缩，与迪士尼签约的十亿美元订单陡然落空。 Sora 落幕的 1 个月前，字节跳动上线 Seedance 2.0，即梦、豆包随即接入，并高调宣布与掌阅、阅文等老牌IP公司的合作。 Sora 落幕的 1 天后，快手可灵 AI 晒出一份亮眼财报，2025 年化收入运行率（ARR）达到 2.4 亿美元，并带动快手估值重构。 技术神话跌落神坛，“老铁”们热爱的小视频、小短剧却玩得风生水起。同样是视频大模型，为什么走向截然不同？ 图说/记者用 AI 生成的小猫自拍，图源/豆包 AI 先说结论，让 AI 视频真正分出胜负的，不是生成技术，而是“有没有人真的在用”和“究竟能不能赚钱”。 AI 视频生成赛道不会迷信技术神话，越早建立全链路闭环，嵌入真实商业场景，越早成功。因此，商业链路更短平快的短剧得以弯道超车，成为了 AI 视频的第一落点。 今年 3 月初，AI 短剧《霍去病》火遍全世界，“5 亿播放”背后的流量红利令人眼馋，当其与“成本 3000 元”的标签贴到一起，让 AI 短剧迅速成为风口浪尖。 其导演杨涵涵在今年 3 月爆火后不断接受采访，也不断澄清，比较准确的数据是：20 个人，不包括吃饭睡觉的时间...
VANCOUVER, British Columbia, March 30, 2026 (GLOBE NEWSWIRE) -- American Hotel Income Properties REIT LP (“ AHIP ”, or the “ Company ”) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB. V), today announced its financial results for the three months and year ended December 31, 2025.
VANCOUVER, British Columbia, March 30, 2026 (GLOBE NEWSWIRE) -- American Hotel Income Properties REIT LP (“ AHIP ”, or the “ Company ”) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB. V), today announced its financial results for the three months and year ended December 31, 2025.