(RTTNews) - The Japanese stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had gained more than 5,350 points or 8 percent. The Nikkei 225 now sits just shy of the 64,700-point plateau although it figures to move back to the upside on Friday. The global forecast for the Asian markets is cautiously optimistic on hopes for an end to...
(RTTNews) - The Japanese stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had gained more than 5,350 points or 8 percent. The Nikkei 225 now sits just shy of the 64,700-point plateau although it figures to move back to the upside on Friday. The global forecast for the Asian markets is cautiously optimistic on hopes for an end to the U.S.-Iran war. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead. The Nikkei finished modestly lower on Thursday following losses from the financial shares, gains from the automobile producers and a mixed picture from the technology companies. For the day, the index dropped 306.28 points or 0.47 percent to finish at 64,693.12 after trading between 63,875.04 and 65,165.75. Among the actives, Nissan Motor accelerated 2.44 percent, while Mazda Motor advanced 0.98 percent, Toyota Motor improved 0.73 percent, Honda Motor vaulted 1.41 percent, Softbank Group tumbled 2.02 percent, Mitsubishi UFJ Financial retreated 1.62 percent, Mizuho Financial tanked 2.11 percent, Sumitomo Mitsui Financial stumbled 1.70 percent, Mitsubishi Electric improved 0.88 percent, Sony Group contracted 2.10 percent, Panasonic Holdings sank 0.70 percent and Hitachi surged 4.31 percent. The lead from Wall Street is upbeat as the major averages opened lower on Thursday but quickly moved to the upside to finish with varying degrees of gains to close at fresh record highs. The Dow added 24.69 points or 0.05 percent to finish at 50,668.97, while the NASDAQ jumped 242.74 points or 0.91 percent to end at 26,917.47 and the S&P 500 gained 43.27 points or 0.58 percent to close at 7,563.63. The turnaround on Wall Street came after a report from Axios said U.S. and Iranian negotiators have reached an agreement on a 60-day memorandum of understanding. Crude oil prices handed back most of their early gains on Thursday after reports of the understandin...
Another welcome sign that Hong Kong’s economy is roaring back arrived this week with news that the city has surpassed Switzerland as the world’s largest cross-border wealth hub. It is a milestone to be celebrated. International consultancy Boston Consulting Group (BCG) said in its latest global wealth report released on Wednesday that cross-border wealth booked in Hong Kong climbed 10.7 per cent l...
Another welcome sign that Hong Kong’s economy is roaring back arrived this week with news that the city has surpassed Switzerland as the world’s largest cross-border wealth hub. It is a milestone to be celebrated. International consultancy Boston Consulting Group (BCG) said in its latest global wealth report released on Wednesday that cross-border wealth booked in Hong Kong climbed 10.7 per cent last year to US$2.95 trillion. The figure was narrowly above Switzerland’s US$2.94 trillion, which had risen 7.6 per cent. BCG said the rise was driven by an initial public offering (IPO) bonanza and capital inflows from mainland China. The report also noted Hong Kong was “cementing its role as China’s gateway to global markets” with cross-border wealth growth of around 9 per cent annually projected through to 2030. The pace is envisioned to be enough to secure Hong Kong’s leading position over the next five years. BCG managing director and report co-author Michael Kahlich said the shifts were “reshaping the geography of global wealth” and Hong Kong’s rise “reflects the growing gravitational pull of Asian wealth and capital markets”. Advertisement Hong Kong officials have in recent years said the city was poised to outpace the European banking and finance powerhouse. Recent developments have supported that prediction. The city has seen IPO flows coming not only from the mainland, but also from Southeast Asia and many countries elsewhere. As gold becomes a safe haven investment, Hong Kong has seized opportunities to trade in the precious metal. The city is also sharpening its competitive edge as an offshore yuan hub. Asia-Pacific Economic Cooperation (Apec) finance ministers will meet in Hong Kong in October. Advertisement There has also been greater cross-border integration with mainland China, especially across the Guangdong-Hong Kong-Macau Greater Bay Area. The city is preparing its first five-year plan to dovetail with the national 15th five-year plan, with finance and in...
Spencer Pratt Surges As Karen Bass Odds Wobble In Final Days Before LA Mayor Primary As the June 2nd primary approaches in Los Angeles , prediction markets are showing a notable shift in the Los Angeles mayoral race: incumbent Karen Bass's odds have been all over the place - recently dropping sharply - while challenger Spencer Pratt has seen his implied probability climb. According to the latest P...
Spencer Pratt Surges As Karen Bass Odds Wobble In Final Days Before LA Mayor Primary As the June 2nd primary approaches in Los Angeles , prediction markets are showing a notable shift in the Los Angeles mayoral race: incumbent Karen Bass's odds have been all over the place - recently dropping sharply - while challenger Spencer Pratt has seen his implied probability climb. According to the latest Polymarket snapshot, Bass sits at 59% to win the election outright, down from higher levels above 70% seen earlier in the week. Pratt has risen to 21% , with Nithya Raman at 20% and minor candidates under 1%. Will Karen Bass win the 2026 Los Angeles mayoral election? Yes 59% · No 42% View full market & trade on Polymarket Similar movements appear on Kalshi, where Bass is around 61% (down roughly 7 points recently) and Pratt near 23%. What's Driving the Shift? The volatility reflects a tightening race highlighted by fresh polling and widespread dissatisfaction with conditions in Los Angeles . The latest UC Berkeley/LA Times Poll from May 19-24 shows Bass at 26%, Raman at 25%, and Pratt at 22% among likely voters. Raman and Pratt each gained ground since March, while Bass remained relatively flat. Other surveys from Emerson and Cygnal have shown Pratt surging in recent weeks. Pratt, best known from the reality show The Hills , entered the race after losing family property in the Palisades Fire. His campaign has focused heavily on strict enforcement against homelessness encampments, mandatory treatment for addiction, government audits, and accountability for billions spent on homelessness and recovery efforts. He has been a vocal critic of what many see as the mishandling of the Palisades Fire response under Bass. Bass continues to tout measurable progress, including an 18% reduction in street homelessness, drops in violent crime, and efforts to boost housing and film production. However, many voters remain frustrated with visible issues such as persistent encampments, high hou...
May 29 (Reuters) - Australia's competition watchdog said on Friday that it has initiated legal action against Amazon's local unit, alleging breaches of product safety labelling laws related to children's backpacks. According to the Australian Competition and Consumer Commission (ACCC), the company is accused of supplying children's "Unicorn Toddler Backpacks" that were not compliant with mandat...
May 29 (Reuters) - Australia's competition watchdog said on Friday that it has initiated legal action against Amazon's local unit, alleging breaches of product safety labelling laws related to children's backpacks. According to the Australian Competition and Consumer Commission (ACCC), the company is accused of supplying children's "Unicorn Toddler Backpacks" that were not compliant with mandatory safety standards for button batteries. The ACCC alleges the backpacks were stored in Amazon Commercial Services' fulfilment centres in Australia between June 22 and November 1, 2022, without the required warning labels on either the products or their outer packaging. The ACCC says 41 backpacks were sold to Australian consumers via amazon.com.au during this period, with a further 267 units still held in Amazon's fulfilment centres as of November 1, 2022. Amazon spokesperson said in a statement that it is "considering the case filed by the ACCC", and added that policies and controls are in place to make sure the listed products meet compliance and safety measures. "Unicorn Toddler Backpacks" were designed for children and included a detachable light-up unicorn plush toy containing button batteries, ACCC said in its statement. The ACCC argues that by having possession and control of the goods through this service, Amazon AU is subject to the same obligations under Australian Consumer Law as other suppliers. "Button batteries pose a serious hazard for young children. If swallowed or inserted, they can cause severe internal burns and injury, and in some cases death," ACCC Deputy Chair Catriona Lowe said. The regulator is seeking declarations, penalties, costs and other orders from the Federal Court. The ACCC said this was its first Federal Court case against an online marketplace alleging breaches of mandatory product safety laws. (Reporting by Rajasik Mukherjee and Aamir Sheik Khalid in Bengaluru; Editing by Shreya Biswas and Sherry Jacob-Phillips)
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Qualcomm. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his ...
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Qualcomm. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Zscaler. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his o...
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Zscaler. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Western Digital. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions rema...
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Western Digital. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
When Cathie Wood makes a move, investors take notice. That's because the chief executive officer of Ark Invest has a good eye for innovation and spotting tomorrow's success stories today. She often bargain-hunts, getting in on a stock when others are selling, then holds on for the long term to fully benefit from that particular company's growth. The strategy is paying off, with her flagship Ark In...
When Cathie Wood makes a move, investors take notice. That's because the chief executive officer of Ark Invest has a good eye for innovation and spotting tomorrow's success stories today. She often bargain-hunts, getting in on a stock when others are selling, then holds on for the long term to fully benefit from that particular company's growth. The strategy is paying off, with her flagship Ark Innovation fund climbing 100% over the past three years, outpacing gains of the S&P 500. Considering all of this, investors may want to note that this famous investor has been buying shares of Cerebras Systems (CBRS 9.43%) in recent days -- an artificial intelligence (AI) chip stock that completed its initial public offering just two weeks ago. Should you follow Wood into this dynamic new AI player? Let's find out. Cathie Wood's recent purchases So, first, let's start out with the details of Wood's purchases. On May 22, May 26, and May 27, she added shares of Cerebras to the Ark Innovation fund and to the Ark Next Generation Internet fund. These moves make Cerebras No. 30 out of 44 stocks in Ark Innovation, with a 1.13% weighting. And the purchases make it the No. 27 out of 38 stocks in the internet fund with a 1.22% weight. By comparison, Nvidia, the world's leading AI chip designer, is the 26th biggest holding in the Ark Innovation fund, with a weighting of 1.23%. And in the internet fund, Nvidia is the 30th biggest position at a weighting of 1.07%. So Wood is making bets of similar sizes on both of these stocks right now. Wood took advantage of a small dip in Cerebras' stock in recent days, as it slipped 14% from its market close on May 14 -- the day of the IPO -- through May 27. That said, Cerebras soared 68% during that first day of trading, and, raising $5.5 billion, represented the biggest IPO of the year so far. Expand NASDAQ : CBRS Cerebras Systems Today's Change ( -9.43 %) $ -25.17 Current Price $ 241.73 Key Data Points Market Cap $59B Day's Range $ 241.62 - $ 268.5...
Parkev Tatevosian, CFA has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by...
Parkev Tatevosian, CFA has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Last week, the force said it could investigate allegations of sexual misconduct against the former prince as part of its ongoing inquiry into alleged misconduct in public office, which began when documents released in the US suggested he had passed sensitive information to Epstein while working as a trade envoy for the British government.
Last week, the force said it could investigate allegations of sexual misconduct against the former prince as part of its ongoing inquiry into alleged misconduct in public office, which began when documents released in the US suggested he had passed sensitive information to Epstein while working as a trade envoy for the British government.