alexsl Stock index futures edged higher Wednesday, a day after the Nasdaq Composite and S&P 500 ended higher, helped by a rally in tech stocks. S&P 500 futures ( SPX ) rose 0.28% to 7,540.46, while Dow futures ( INDU ) advanced 0.43% to 50,676.99. Nasdaq 100 futures ( US100:IND ) were essentially flat at 29,998.01. Investors were preparing for economic data later in the session, with the Richmond ...
alexsl Stock index futures edged higher Wednesday, a day after the Nasdaq Composite and S&P 500 ended higher, helped by a rally in tech stocks. S&P 500 futures ( SPX ) rose 0.28% to 7,540.46, while Dow futures ( INDU ) advanced 0.43% to 50,676.99. Nasdaq 100 futures ( US100:IND ) were essentially flat at 29,998.01. Investors were preparing for economic data later in the session, with the Richmond Fed Manufacturing Index and Survey of Business Uncertainty due on the calendar. U.S. Treasury yields edged lower across the curve. The 10-year Treasury yield ( US10Y ) fell 2.5 basis points to 4.47%, while the 2-year Treasury yield ( US2Y ) slipped 2.8 basis points to 4.03%. The 30-year Treasury yield ( US30Y ) dipped 0.7 basis points to 5.01%. Top gainers in premarket trading included Omnicom ( OMC ) +11.23%, Micron Technology ( MU ) +4.53%, and Becton, Dickinson ( BDX ) +4.24%. Decliners included Electronic Arts ( EA ) -15.46%, CBRE Group ( CBRE ) -5.87% and Insulet ( PODD ) -5.18%. More on markets Big Stock Market Warning Signs: Red Hot IPOs, Record Margin Debt, Lowest Ever S&P 500 Yield, Meme ETFs There Is No 'Cash On The Sidelines' Is The U.S. Running Out Of Oil? Setting The Record Straight
It wasn’t long ago Hong Kong was being written off as a financial center, an exodus thinning the ranks of professionals and its capital markets in the doldrums. But last year the city bounced back, with IPOs surging, family offices increasing and the benchmark Hang Seng Index jumping 28%. The strength of that rebound is underscored by a report showing Hong Kong has overtaken Switzerland as the wor...
It wasn’t long ago Hong Kong was being written off as a financial center, an exodus thinning the ranks of professionals and its capital markets in the doldrums. But last year the city bounced back, with IPOs surging, family offices increasing and the benchmark Hang Seng Index jumping 28%. The strength of that rebound is underscored by a report showing Hong Kong has overtaken Switzerland as the world’s biggest cross-border wealth hub for the first time, fueled by inflows from mainland China. Wealth managers booked $2.9 trillion of international assets in Hong Kong last year, up about 11% from a year earlier, according to Boston Consulting Group. BCG forecasts that Asia’s rapid wealth accumulation will widen the gap between Hong Kong and Switzerland to nearly $600 billion by 2030, bolstered by China’s manufacturing dominance and the revival in Hong Kong’s IPO market. Hong Kong has been aggressively pitching its low taxes, deep talent pool and booming capital markets. Geopolitical tensions, including instability in the Middle East, are prompting the ultra-wealthy to diversify into Asia. The shift comes as global private fortunes expand at their fastest pace since 2021 to reach $333 trillion. What You Need to Know Today HK Banks Tighten Scrutiny of Chinese Clients After Trading Curbs Hong Kong banks are ramping up scrutiny of mainland Chinese clients opening savings and investment accounts, part of a broader push to stem capital flight after Beijing launched an unprecedented crackdown on illegal cross-border trading. Read more The AI boom continues to send certain stocks into the stratosphere . SK Hynix and Micron Technology are the latest companies to reach $1 trillion in market value, following Samsung earlier this month . SK Hynix controlled 57% of the high-bandwidth memory market by revenue in the last quarter of 2025, according to Counterpoint Research data. Samsung and Micron have 22% and 21%, respectively. Investors and analysts expect memory shortages to last th...
Chinese companies will pour an additional €940 million ($1.1 billion) to expand their footprint in Serbia, in a major boost to the Balkan country’s economy, President Aleksandar Vucic said. Investments will go to projects such as production of auto parts, humanoid robots, energy and artificial intelligence, Vucic said on his website on Wednesday. The money will start flowing into Serbia from July,...
Chinese companies will pour an additional €940 million ($1.1 billion) to expand their footprint in Serbia, in a major boost to the Balkan country’s economy, President Aleksandar Vucic said. Investments will go to projects such as production of auto parts, humanoid robots, energy and artificial intelligence, Vucic said on his website on Wednesday. The money will start flowing into Serbia from July, he added. The agreements made with over 20 Chinese companies include Minth Group Ltd , Shandong Linglong Tyre Co. , Changzhou Xingyu Automotive Lighting Systems Co. , Yusei Holdings Ltd , Shanghai AgiBot Innovation Technology Co Ltd , Weichai Power Co., Zheijang EV-Tech Co., Jiangsu Reliance Energy and China Construction Fourth Engineering Division Corp . Vucic has overseen a surge in Chinese investments in the Balkan nation that’s trying to become a member of the European Union. Serbia received some €8 billion in direct Chinese investments over the past decade and almost as much in loans for infrastructure projects, such as the Belgrade-Budapest rail line that’s part of Beijing’s global Belt and Road Initiative. Serbia and China have had a free trade pact since 2024. Read more: Chinese Missiles, Robots Find Warm Welcome in EU’s Backyard (1)
Company Logo Key market opportunities in the battery market include growth in electric vehicles driven by CO2 reduction efforts, expansion in energy storage systems for renewable sources, and innovation in Li-ion technology for diverse applications, particularly in the thriving automotive and electronics sectors. Asia leads, with North America set for rapid expansion. Battery Market Battery Market...
Company Logo Key market opportunities in the battery market include growth in electric vehicles driven by CO2 reduction efforts, expansion in energy storage systems for renewable sources, and innovation in Li-ion technology for diverse applications, particularly in the thriving automotive and electronics sectors. Asia leads, with North America set for rapid expansion. Battery Market Battery Market · GlobeNewswire Inc. Dublin, May 27, 2026 (GLOBE NEWSWIRE) -- The "Battery Market: Industry Trends and Global Forecasts, till 2035: Distribution by Type of Battery, Power Capacity, Battery Self-Discharge Rate, Technology, End-User, and Geography" has been added to ResearchAndMarkets.com's offering. The global battery market is anticipated to expand from USD 140 billion this year to USD 450 billion by 2035, growing at a CAGR of 11.2% This report provides an extensive analysis of the battery market, focusing on market size, opportunity analysis, and detailed segmentation by battery type, technology, end-user, and geography. It covers the competitive landscape, company profiles, patent analysis, and competitive forces influencing market dynamics. Growth reflects the increasing demand for batteries in various sectors, led by advancements in technology and a shift toward renewable energy sources. Among the advancements, technologies like lithium-ion (Li-ion) stand out prominently due to their application in everyday devices such as smartphones and electric cars, despite challenges with energy density and safety, especially in high-performance applications like EVs and energy storage systems. The push for renewable energy storage solutions and stringent CO2 emission regulations are driving the adoption of large-scale battery systems. With the transportation sector responsible for over a quarter of global CO2 emissions, the shift toward electric vehicles offers a significant opportunity for the battery market. BATTERY MARKET: KEY SEGMENTS Segmented by type, secondary batteries cu...
Hong Kong authorities will offer a subsidy of HK$0.50 per litre on liquefied petroleum gas (LPG) from this Sunday to July 30 to ease the pressure of soaring fuel prices caused by the Middle East war on local transport companies, which run more than 20,000 vehicles from taxis to minibuses and school buses. A Hong Kong government spokesman announced on Wednesday that the measure will be implemented ...
Hong Kong authorities will offer a subsidy of HK$0.50 per litre on liquefied petroleum gas (LPG) from this Sunday to July 30 to ease the pressure of soaring fuel prices caused by the Middle East war on local transport companies, which run more than 20,000 vehicles from taxis to minibuses and school buses. A Hong Kong government spokesman announced on Wednesday that the measure will be implemented across all 66 filling stations that provide LPG starting from Sunday, with no registration needed for eligible vehicles. “The temporary measure aims to alleviate the operating costs of local passenger transport commercial vehicles which primarily use LPG as fuel, and reduce the pressure for fare increases,” the spokesman said. Advertisement The city government had formed a task force monitoring fuel price movements last month, amid volatility caused by the Middle East conflict that started in late February. The same task force had offered a two-month diesel subsidy of HK$3 per litre for franchised and non-franchised bus operations, ferries and fishing boats from April 9. It also reduced tunnel tolls amounting to HK$160 million. The LPG subsidy will ease the burden on school bus operators, among other commercial transport companies. Photo: Sam Tsang The pump price for petrol in the city on Wednesday stood between HK$32.64 and HK$32.84. Net prices after walk-in discounts from five major oil companies operating in the city ranged from HK$23.44 to HK$31.24.
More than 30 years ago, the advent and proliferation of the internet opened new doors for businesses and changed corporate America forever. It also spurred the retail investor revolution by breaking down information barriers that had existed between Wall Street and Main Street for over a century. The rise of artificial intelligence (AI) is the next leap forward investors have been waiting for -- a...
More than 30 years ago, the advent and proliferation of the internet opened new doors for businesses and changed corporate America forever. It also spurred the retail investor revolution by breaking down information barriers that had existed between Wall Street and Main Street for over a century. The rise of artificial intelligence (AI) is the next leap forward investors have been waiting for -- and Nvidia (NVDA 0.38%) and Palantir Technologies (PLTR 0.20%) are leading the charge. Since the start of 2023, shares of Nvidia and Palantir have skyrocketed by approximately 1,400% and 2,040%, respectively, translating into $5 trillion in market value added to Nvidia. But while the AI revolution's dynamic duo continues to blow Wall Street's projections out of the water, the latest $120 billion warning from this pair simply can't be ignored. Nvidia and Palantir are the faces of AI's evolution Wall Street's largest public company, Nvidia, is firing on all cylinders. Last week, it announced record fiscal first-quarter sales of $81.6 billion, with data center revenue up a staggering 92% from a year ago. The proof is in the pudding that Nvidia's graphics processing units (GPUs) are the clear top option for businesses. Nvidia's gross margin is also holding firm around 75%. Despite growing external and internal competition, the company's GPU pricing power hasn't faded at all. Expand NASDAQ : NVDA Nvidia Today's Change ( -0.38 %) $ -0.81 Current Price $ 214.52 Key Data Points Market Cap $5.2T Day's Range $ 212.00 - $ 218.18 52wk Range $ 132.92 - $ 236.54 Volume 5.7M Avg Vol 167.1M Gross Margin 74.15 % Dividend Yield 0.02 % Whereas Nvidia is dominant on the hardware front, Palantir is crushing it on the applications side. Both of its core software-as-a-service platforms, Gotham and Foundry, are AI-driven. Palantir's U.S. revenue more than doubled in the first quarter from the previous year, with CEO Alex Karp increasing his company's full-year sales growth forecast from 61% to 71%....
Zambia’s state-controlled mining investment company, ZCCM Investments Holdings Plc , agreed to sell a majority stake in a lime and cement venture to a privately held Chinese company. Wonderful Group of Companies Ltd. will buy a 55% stake in Ndola Lime for $25 million, while also providing the company with a $5 million loan, ZCCM said in an emailed statement. The investment will revive the asset th...
Zambia’s state-controlled mining investment company, ZCCM Investments Holdings Plc , agreed to sell a majority stake in a lime and cement venture to a privately held Chinese company. Wonderful Group of Companies Ltd. will buy a 55% stake in Ndola Lime for $25 million, while also providing the company with a $5 million loan, ZCCM said in an emailed statement. The investment will revive the asset that entered insolvency in 2018, it said. The deal demonstrates how Zambia’s mining revival is rippling through industries such as copper processing and construction materials, while drawing renewed interest from Chinese investors seeking exposure to the nation’s resources sector. The purchase is Wonderful Group’s latest Zambian investment. The company has grown to become one of the biggest conglomerates in the southern African nation since its founding in 2011, and has built facilities from fertilizer plants to tile factories and even a sprawling silk farm. Sign up here for the daily Next Africa newsletter and subscribe to the Next Africa podcast on Apple , Spotify or anywhere you listen .
Memory chip maker ChangXin Memory Technologies Inc. has received approval from the Shanghai Stock Exchange for an initial public offering that’s on track to be the biggest in mainland China since 2022, in a milestone for one of the key technologies of the artificial intelligence buildout. The company plans to raise at least 29.5 billion yuan ($4.3 billion) on the chip-heavy STAR Board, offering no...
Memory chip maker ChangXin Memory Technologies Inc. has received approval from the Shanghai Stock Exchange for an initial public offering that’s on track to be the biggest in mainland China since 2022, in a milestone for one of the key technologies of the artificial intelligence buildout. The company plans to raise at least 29.5 billion yuan ($4.3 billion) on the chip-heavy STAR Board, offering no less than 10% of its shares, according to its prospectus. The size could rise to more than $5 billion if the over-allotment options is exercised. At that size, it would be the biggest IPO in mainland China since Cnooc Ltd. raised $5.1 billion in 2022 and the largest in Asia since CATL ’s $5.3 billion share sale in May 2025. China’s homegrown chipmakers have drawn fervent investor interest as they drove a recent wave of IPOs. Companies across the artificial intelligence supply chain, from circuit-board manufacturers to AI model makers, are raising funds to keep up with demand and gain an edge against the backdrop of the US-China tech rivalry. Hefei, Anhui-based CXMT is one of the crown jewels of China’s high-tech industry as the world’s fourth-largest maker of dynamic random access memory, or DRAM, which is critical for the real-time processing of data by AI models. The company aims to deploy the IPO proceeds to expand capacity of its wafer fabrication lines and to upgrade its DRAM technology, “Its position in the industry and its strategic importance to the nation speaks for itself,” said Ao Fei, managing director at Beijing Xinhan Capital, adding that his firm will “for certain” participate in the institutional tranche. “CXMT is the reason China has been able to get a foothold in DRAM, arguably the most critical memory segment powering the AI revolution.” The IPO would cap a historic run of offerings in the industry, along with the planned listings of Baidu Inc. ’s chip unit Kunlunxin and fellow memory chip maker Yangtze Memory Technologies Co. Emblematic of the investor ...
(Bloomberg) -- Memory chip maker ChangXin Memory Technologies Inc. has received approval from the Shanghai Stock Exchange for an initial public offering that’s on track to be the biggest in mainland China since 2022, in a milestone for one of the key technologies of the artificial intelligence buildout. Most Read from Bloomberg The company plans to raise at least 29.5 billion yuan ($4.3 billion) o...
(Bloomberg) -- Memory chip maker ChangXin Memory Technologies Inc. has received approval from the Shanghai Stock Exchange for an initial public offering that’s on track to be the biggest in mainland China since 2022, in a milestone for one of the key technologies of the artificial intelligence buildout. Most Read from Bloomberg The company plans to raise at least 29.5 billion yuan ($4.3 billion) on the chip-heavy STAR Board, offering no less than 10% of its shares, according to its prospectus. The size could rise to more than $5 billion if the over-allotment options is exercised. At that size, it would be the biggest IPO in mainland China since Cnooc Ltd. raised $5.1 billion in 2022 and the largest in Asia since CATL’s $5.3 billion share sale in May 2025. China’s homegrown chipmakers have drawn fervent investor interest as they drove a recent wave of IPOs. Companies across the artificial intelligence supply chain, from circuit-board manufacturers to AI model makers, are raising funds to keep up with demand and gain an edge against the backdrop of the US-China tech rivalry. Hefei, Anhui-based CXMT is one of the crown jewels of China’s high-tech industry as the world’s fourth-largest maker of dynamic random access memory, or DRAM, which is critical for the real-time processing of data by AI models. The company aims to deploy the IPO proceeds to expand capacity of its wafer fabrication lines and to upgrade its DRAM technology, “Its position in the industry and its strategic importance to the nation speaks for itself,” said Ao Fei, managing director at Beijing Xinhan Capital, adding that his firm will “for certain” participate in the institutional tranche. “CXMT is the reason China has been able to get a foothold in DRAM, arguably the most critical memory segment powering the AI revolution.” The IPO would cap a historic run of offerings in the industry, along with the planned listings of Baidu Inc.’s chip unit Kunlunxin and fellow memory chip maker Yangtze Memory Techno...