Hong Kong authorities have proposed a legal amendment requiring property owners to attend a mandatory briefing on major renovation projects before voting on procurement resolutions, in a move aimed at curbing bid-rigging following the deadly blaze in Tai Po. Speaking on a radio programme on Saturday, Secretary for Home and Youth Affairs Alice Mak Mei-kuen said the proposed amendment to the Buildin...
Hong Kong authorities have proposed a legal amendment requiring property owners to attend a mandatory briefing on major renovation projects before voting on procurement resolutions, in a move aimed at curbing bid-rigging following the deadly blaze in Tai Po. Speaking on a radio programme on Saturday, Secretary for Home and Youth Affairs Alice Mak Mei-kuen said the proposed amendment to the Building Management Ordinance, which covers five areas, sought to enhance homeowners’ participation and...
Officials accept that time has run out to pass law after US dropped its support for plan The UK government has been forced to shelve its legislation to hand the Chagos Islands back to Mauritius, after the US dropped its support for the agreement. On Friday, UK government officials acknowledged that they had run out of time to pass legislation within the current parliamentary session, which ends in...
Officials accept that time has run out to pass law after US dropped its support for plan The UK government has been forced to shelve its legislation to hand the Chagos Islands back to Mauritius, after the US dropped its support for the agreement. On Friday, UK government officials acknowledged that they had run out of time to pass legislation within the current parliamentary session, which ends in the coming weeks. Continue reading...
Samuel Boivin | Nurphoto | Getty Images OpenAI said on Friday it had identified a security issue involving a third-party developer tool called Axios and is taking steps to protect the process that certifies its macOS applications are legitimate OpenAI apps. The ChatGPT maker said it found no evidence that its user data was accessed, that its systems or intellectual property was compromised, or tha...
Samuel Boivin | Nurphoto | Getty Images OpenAI said on Friday it had identified a security issue involving a third-party developer tool called Axios and is taking steps to protect the process that certifies its macOS applications are legitimate OpenAI apps. The ChatGPT maker said it found no evidence that its user data was accessed, that its systems or intellectual property was compromised, or that its software was altered. * The company said it is updating its security certifications, requiring all macOS users to update their OpenAI apps to the latest versions to help prevent any risk of someone attempting to distribute a fake app. * According to OpenAI, Axios, a widely used third-party developer library, was compromised on March 31, as part of a broader software supply chain attack by actors believed to be linked to North Korea. * This attack led a GitHub Actions workflow used by OpenAI to download and execute a 'malicious' version of Axios. This workflow had access to a certificate and notarization material used for signing macOS applications, including ChatGPT Desktop, Codex, Codex-cli, and Atlas. * OpenAI said its analysis of the incident concluded that the signing certificate present in this workflow was likely not successfully exfiltrated by the 'malicious' payload. * Effective May 8, older versions of OpenAI's macOS desktop apps will no longer receive updates or support, and may not be functional, the ChatGPT maker said. * Passwords and OpenAI API keys were not affected by the third-party security issue, the company said, adding that the root cause of the security incident was a misconfiguration in the GitHub Actions workflow, which has been addressed. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Kenishirotie/iStock via Getty Images Since I last wrote on Seeking Alpha last year, the S&P 500 ( SPY ) is still super concentrated, and shaky economic indicators have yet to lead to the tipping point where this wild bull market that started late in 2023 eventually comes to an end. While my individual stock picks have done great, I largely missed a great opportunity to buy the market high and sell...
Kenishirotie/iStock via Getty Images Since I last wrote on Seeking Alpha last year, the S&P 500 ( SPY ) is still super concentrated, and shaky economic indicators have yet to lead to the tipping point where this wild bull market that started late in 2023 eventually comes to an end. While my individual stock picks have done great, I largely missed a great opportunity to buy the market high and sell even higher. This said, there are opportunities out there that don't depend on the S&P continuing to skyrocket year after year. Passive Investors Are Leaving Money On The Table In Bonds Equity markets are driven in large part by changes in sentiment, which change prices. Bonds, on the other hand, are driven mainly by math. And since their cash flows are predictable, misplaced investor sentiment means a source of profit for you, not a source of aggravation and FOMO in the way it is for stocks. The cleanest way to demonstrate this is in the market for US Treasuries. Think of it this way—the supply of Treasuries is driven largely by fixed government financing needs and schedules, and the demand is driven largely by investor preferences and fund flows. Neither of these groups as a whole is laser-focused on transacting and getting the best price. The way this is mapped by traders is with something called the yield curve , which is a graph of Treasury yields by maturity that is updated daily and published online. Before the internet, this was published for centuries in major newspapers worldwide. To this point, one of the most well-known trades in the bond market is putting money to work in individual bonds/notes on whatever parts of the yield curve are compensating you the best. US Treasury Yield Curve If you are just throwing money into a bond fund, you may or may not be on a favorable part of the yield curve. Usually, you aren't. The Two Sources Of Bond Returns 1. The first and most obvious is with interest payments. 2. The second, less obvious source is called rolldown retur...
Tesla (NASDAQ: TSLA) is having another difficult year. Deliveries increased just 6% in the first quarter, missing expectations for the second consecutive time, as demand remained sluggish amid intensifying competition and the expiration of federal tax credits. That news comes on the heels of a disastrous last year. In 2025, Tesla lost its position as the global leader in electric car sales, and de...
Tesla (NASDAQ: TSLA) is having another difficult year. Deliveries increased just 6% in the first quarter, missing expectations for the second consecutive time, as demand remained sluggish amid intensifying competition and the expiration of federal tax credits. That news comes on the heels of a disastrous last year. In 2025, Tesla lost its position as the global leader in electric car sales, and deliveries, revenue, and earnings declined as the company navigated headwinds related to CEO Elon Musk's politics and President Donald Trump's tariffs. Tesla stock is currently down 29% from its high. But shareholders recently got good news from Wall Street analysts. Continue reading
BackyardProduction/iStock via Getty Images Thesis review In my previous article, I rated Gogo ( GOGO ) a hold, as I was anticipating the launch of the 5G platform and the adoption of its LEO services to expand its broadband reach. Since the publication of my article, the stock went down by 50%, illustrating the bearish sentiment the market has. There are two main bear cases for Gogo. The first one...
BackyardProduction/iStock via Getty Images Thesis review In my previous article, I rated Gogo ( GOGO ) a hold, as I was anticipating the launch of the 5G platform and the adoption of its LEO services to expand its broadband reach. Since the publication of my article, the stock went down by 50%, illustrating the bearish sentiment the market has. There are two main bear cases for Gogo. The first one is that its main competitor, Starlink, has been increasing its penetration and dominance in the IFC space; investors fear Gogo does not have pricing power as it outsources its LEO services from Eutelsat while Starlink owns its own LEO constellation. The second bear case is the highly leveraged balance sheet that continues to eat up the majority of the operating profits. In the last 3 years, Gogo lost 71% of its value, massively underperforming the market, which returned more than 70% in the same period. Iridium ( IRDM ) has also performed poorly in the same period, but due to growth catalysts ahead, momentum has turned positive. Unlike GOGO, Iridium's fundamentals are solid, so I felt like the markets were overreacting a bit, and positive momentum was building up. For this reason, I upgraded the stock to a strong buy in late February, and since that article was released, the stock shot up by 44%. Data by YCharts YTD, Iridium and Viasat ( VSAT ) have performed pretty well, showing price appreciation of 99% and 63.5%, respectively. In fact, the scatterplot below shows that most industry peers have been performing well in both periods (3 years and YTD). Gogo is one of the few firms that haven't. YTD the stock price declined by 10%, and for that reason, it received a D rating from the quant system. While appreciating investors' concerns, I don't think GOGO is going to lose 100% of market share to Starlink, and in fact, with the launch of Galileo HDX and the 5G platform, GOGO now has a better product offering that will likely boost top-line growth and increase its market share....
From a purely statistical standpoint, investors have prospered under President Donald Trump. During his first, non-consecutive term (Jan. 20, 2017 – Jan. 20, 2021), the widely followed Dow Jones Industrial Average (DJINDICES: ^DJI) , benchmark S&P 500 (SNPINDEX: ^GSPC) , and growth-stock-inspired Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 57%, 70%, and 142%, respectively. The first year of Trump...
From a purely statistical standpoint, investors have prospered under President Donald Trump. During his first, non-consecutive term (Jan. 20, 2017 – Jan. 20, 2021), the widely followed Dow Jones Industrial Average (DJINDICES: ^DJI) , benchmark S&P 500 (SNPINDEX: ^GSPC) , and growth-stock-inspired Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 57%, 70%, and 142%, respectively. The first year of Trump's second term was much of the same, with all three major stock indexes rallying by double digits. President Trump delivering the State of the Union address. Image source: Official White House Photo by Daniel Torok. Continue reading
We've certainly seen a handful of solidly bullish days of late. Broadly speaking, though, the market's still at risk of a full-blown correction. At the very least, investors would be wise to remain defensively minded. To this end, there's one particular dividend stock that will not only become more attractive on any marketwide pullback, but could generate valuable income if that setback turns into...
We've certainly seen a handful of solidly bullish days of late. Broadly speaking, though, the market's still at risk of a full-blown correction. At the very least, investors would be wise to remain defensively minded. To this end, there's one particular dividend stock that will not only become more attractive on any marketwide pullback, but could generate valuable income if that setback turns into prolonged weakness. That stock is Tractor Supply (NASDAQ: TSCO) . Continue reading
Temporary limit in England and Wales won’t stop many facing higher charges from autumn due to jump in inflation from Iran war Government caps some student loan interest at 6% Some students and graduates are likely to pay slightly less interest on their student loans than expected as a result of action taken by the government this week. But while many higher earners will benefit from the news that ...
Temporary limit in England and Wales won’t stop many facing higher charges from autumn due to jump in inflation from Iran war Government caps some student loan interest at 6% Some students and graduates are likely to pay slightly less interest on their student loans than expected as a result of action taken by the government this week. But while many higher earners will benefit from the news that interest will be capped at 6% for the 2026-27 academic year, many others are likely to have more interest added to their student loan from this autumn than is being applied at the moment. For that, they can blame Donald Trump. Continue reading...