Pig farmers in the central state of Selangor have spent years trying to keep their business out of Malaysia’s culture wars. A royal decree has dragged them straight into one. The state’s decision to shut down pig farms, prompted by Sultan Sharafuddin Idris Shah, Selangor’s hereditary ruler, has transformed a long-standing local dispute over pollution and odour into a flashpoint touching on royal i...
Pig farmers in the central state of Selangor have spent years trying to keep their business out of Malaysia’s culture wars. A royal decree has dragged them straight into one. The state’s decision to shut down pig farms, prompted by Sultan Sharafuddin Idris Shah, Selangor’s hereditary ruler, has transformed a long-standing local dispute over pollution and odour into a flashpoint touching on royal influence, the livelihoods of a minority community and the delicate balancing act facing Malaysia’s...
A PLA inspection team visited several facilities in Russia’s Eastern Military District this week, including an air defence missile unit in the far-eastern Jewish Autonomous Region, Russian media reported. The visit, conducted under a decades-old confidence-building mechanism, came as President Vladimir Putin described China and Russia as “natural allies and partners”, while emphasising that their ...
A PLA inspection team visited several facilities in Russia’s Eastern Military District this week, including an air defence missile unit in the far-eastern Jewish Autonomous Region, Russian media reported. The visit, conducted under a decades-old confidence-building mechanism, came as President Vladimir Putin described China and Russia as “natural allies and partners”, while emphasising that their deepening military cooperation was not directed against any third party. The June 2-3 inspection...
Editor’s note: The story has been updated to correct the amount being raised. Strategy Inc. CEO Phong Le said on Wednesday that financial tools popularized by the firm were employed in Google parent Alphabet Inc.’s proposed capital raise. CEO Sees...
Editor’s note: The story has been updated to correct the amount being raised. Strategy Inc. CEO Phong Le said on Wednesday that financial tools popularized by the firm were employed in Google parent Alphabet Inc.’s proposed capital raise. CEO Sees...
The recent selloff in technology stocks is a healthy sign after an increase in speculative positioning in the sector, according to Goldman Sachs Group Inc. ’s head of asset allocation research. “It’s been a remarkable rally, it’s been pushing these momentum stocks up a lot,” Christian Mueller-Glissman told Bloomberg TV, pointing to the increase in leveraged ETFs and options positioning. “It’s prob...
The recent selloff in technology stocks is a healthy sign after an increase in speculative positioning in the sector, according to Goldman Sachs Group Inc. ’s head of asset allocation research. “It’s been a remarkable rally, it’s been pushing these momentum stocks up a lot,” Christian Mueller-Glissman told Bloomberg TV, pointing to the increase in leveraged ETFs and options positioning. “It’s probably not a bad idea to see a bit of consolidation.” Mueller-Glissman cautioned against extrapolating results from the highly cyclical tech hardware and semiconductor industries, following Broadcom Inc.’s disappointing outlook. In his view, the biggest threat for stocks right now is if investors start to doubt the stellar earnings growth that has driven most of the market gains so far this year. Read More: Tech Selloff Accelerates on Leveraged Kospi Unwind: Macro Squawk S&P 500 companies reported their strongest earnings growth in five years in the first quarter, driven by Big Tech. AI-linked companies are seen as a major reason the US index could exceed 20% earnings growth in 2026, BI said last month. Meanwhile, a potential reopening of the Strait of Hormuz could help broaden the rally beyond AI-focused momentum stocks toward Europe and bond proxies, Mueller-Glissman said. Lack of exposure to tech and sensitivity to rising rates weighed on low-volatility stocks, creating a significant divergence with momentum shares, he noted. This story was produced with the assistance of Bloomberg Automation.