Hong Kong’s exceptional longevity means some individual retirees may need as much as HK$7.1 million (US$910,000) to support themselves after leaving work, exposing a wide gap between retirement needs and actual pension savings, according to a new study. The finding contrasts sharply with the average Mandatory Provident Fund balance of HK$319,561 as of March, according to MPF Ratings. The compulsor...
Hong Kong’s exceptional longevity means some individual retirees may need as much as HK$7.1 million (US$910,000) to support themselves after leaving work, exposing a wide gap between retirement needs and actual pension savings, according to a new study. The finding contrasts sharply with the average Mandatory Provident Fund balance of HK$319,561 as of March, according to MPF Ratings. The compulsory pension scheme covers about 4.8 million members. To plug the gap, the study urged the government...
ronniechua The RatingDog China General Services PMI rose to 54.4 in May 2026, up from 52.6 in April, exceeding expectations of 52.3. This increase indicates the strongest growth in services since February, driven by a rise in new orders and improved export orders. Additionally, the RatingDog China General Composite PMI increased to 54.0 in May from 53.1, indicating the highest level since February...
ronniechua The RatingDog China General Services PMI rose to 54.4 in May 2026, up from 52.6 in April, exceeding expectations of 52.3. This increase indicates the strongest growth in services since February, driven by a rise in new orders and improved export orders. Additionally, the RatingDog China General Composite PMI increased to 54.0 in May from 53.1, indicating the highest level since February and showing a boost in private-sector business activity. The latest data reflects the second-fastest expansion in two years, supported by a stronger services sector and growth in manufacturing. Separately, the People’s Bank of China (PBoC) announced that it conducted zero reverse repo operations, citing primary dealers' funding needs in its open market operations. On Wednesday, the Shanghai Composite rose 0.45% to 4,067, while the Shenzhen Component extended its previous-session advance, rising 1.3% to 15,797, and the offshore yuan weakened to 6.76 per dollar, retreating from a more than three-year high reached in the previous session. ETFs: (NYSEARCA: FXI ), (NYSEARCA: KWEB ), (NYSEARCA: CQQQ ), (NASDAQ: MCHI ), (NYSEARCA: ASHR ), (NYSEARCA: YINN ), (NYSE: TDF ), (NYSEARCA: CHIQ ), (NYSEARCA: GXC ), (NYSEARCA: EWH ), (NYSEARCA: KBA ), (NYSEARCA: YANG ), (NASDAQ: CXSE ), (NYSE: CAF ), (NYSEARCA: CWEB ), (NASDAQ: PGJ ), (NYSEARCA: KURE ). Currency: ( CNY:USD ) More on China markets and economy: GXC: Deflation And Unemployment Spiral Risks For China FXI And MCHI: China Is A Perfect Example Of A Value Trap Trump-Xi Summit: Rare Earths, Oil, And A Fragile Truce Asian tech shares rally past Middle East tensions; Nikkei climbs to record Economic convergence remains intact despite globalization slowdown, Goldman says
JHVEPhoto Shopify ( SHOP ) ( SHOP:CA ) Tuesday said that its Board of Directors has authorized an additional $3B for the repurchase of Class A subordinate voting shares, bringing its aggregate repurchase authorization to $5B. As of June 1, 2026, Shopify ( SHOP ) has repurchased approximately $1.45B under its current authorization. Shopify will continue to execute the program using pre-arranged alg...
JHVEPhoto Shopify ( SHOP ) ( SHOP:CA ) Tuesday said that its Board of Directors has authorized an additional $3B for the repurchase of Class A subordinate voting shares, bringing its aggregate repurchase authorization to $5B. As of June 1, 2026, Shopify ( SHOP ) has repurchased approximately $1.45B under its current authorization. Shopify will continue to execute the program using pre-arranged algorithmic trading instructions, with no set quarterly or annual minimums. More on Shopify Inc Shopify Inc. 2026 Q1 - Results - Earnings Call Presentation Shopify: Growth Acceleration (Rating Upgrade) Shopify: Buying The Post-Earnings Dip Makes Complete Sense (Review) Thrive Capital makes $100M bet on Shopify's AI ambitions SA analyst upgrades/downgrades: AMD, QCOM, SHOP, ANGI
(RTTNews) - voestalpine (VAS.DE, VOES.VI) reported that its fiscal year profit after tax, before deduction of non-controlling interest, improved to 424 million euros from 179 million euros, prior year. The operating result or EBITDA rose to 1.5 billion euros from 1.3 billion euro
(RTTNews) - voestalpine (VAS.DE, VOES.VI) reported that its fiscal year profit after tax, before deduction of non-controlling interest, improved to 424 million euros from 179 million euros, prior year. The operating result or EBITDA rose to 1.5 billion euros from 1.3 billion euro
photo_Pawel/iStock via Getty Images Economic Cycle May saw a continued divergence between the economy and markets, as growth showed signs of moderation while markets pushed ever higher. Economic data released during the month suggested the economy entered the second quarter with less momentum than previously believed, as first quarter GDP growth was revised lower and consumer spending growth slowe...
photo_Pawel/iStock via Getty Images Economic Cycle May saw a continued divergence between the economy and markets, as growth showed signs of moderation while markets pushed ever higher. Economic data released during the month suggested the economy entered the second quarter with less momentum than previously believed, as first quarter GDP growth was revised lower and consumer spending growth slowed from earlier estimates. Despite softer data, labor market conditions remained resilient, providing likely support for consumer spending from here, while easing energy prices as a result of easing geopolitical tensions helped alleviate some of the inflation concerns that emerged earlier in the spring. As a result, markets continued to process the mixed signals of an economy exhibiting slower but resilient growth. Equity Markets Equity markets extended their advance in May, with the S&P 500 recording a series of new all-time highs throughout the month. In many respects, market leadership and return concentration looked remarkably similar to April, with growth-oriented sectors and large-cap technology companies continuing to drive the majority of gains. Information Technology significantly outperformed every other sector, supported by strong earnings results and continued enthusiasm surrounding artificial intelligence. Emerging markets also benefited from their exposure to technology and semiconductor supply chains, while mid-cap and small-cap stocks lagged the broader market. Easing geopolitical tensions, meanwhile, had the two-fold effect of energy sector weakness (on account of falling oil prices) but improved investor optimism, helping to support risk appetite more broadly. Fixed Income Markets Fixed income markets generated positive returns in May as Treasury yields ended the month only slightly higher across much of the curve. Markets continue to expect the Federal Reserve may need to keep policy tighter for longer on account of inflation concerns, but the move higher ...
Tomato prices rose nearly 40% year-over-year to $2.69 per pound in April, pressuring Campbell's (CPB) and Conagra (CAG), both of which are already facing margin headwinds.
Tomato prices rose nearly 40% year-over-year to $2.69 per pound in April, pressuring Campbell's (CPB) and Conagra (CAG), both of which are already facing margin headwinds.