The resignation of a Hong Kong principal who swore at security guards during a school trip to Singapore has drawn mixed responses from students, with some saying he should be held accountable for tarnishing the institution’s image while others felt his apology was sincere. Students made the remarks a day after their principal Lee Cheuk‑hing tendered his resignation on Thursday as principal of San ...
The resignation of a Hong Kong principal who swore at security guards during a school trip to Singapore has drawn mixed responses from students, with some saying he should be held accountable for tarnishing the institution’s image while others felt his apology was sincere. Students made the remarks a day after their principal Lee Cheuk‑hing tendered his resignation on Thursday as principal of San Wui Commercial Society Secondary School in Tuen Mun. On Friday morning, students at the Tuen Mun school walked quietly onto the campus, while several teachers stood at the entrance to watch their arrival. A banner for the student trip to Singapore appeared to have been removed. Advertisement A Form Five student who identified herself only as Ng said she agreed with the principal’s decision to resign. “The incident has already tarnished our school’s reputation, and the principal should be held responsible for it, which can also serve as accountability to the public of Hong Kong, Singapore and our school,” she said. “But it is not up to us to forgive him for his behaviour.” Advertisement Another Form Three student surnamed Yip said he was not satisfied with Lee’s apology.
Mark Wilson/Getty Images News Blue Origin's ( BORGN ) New Glenn rocket exploded during a ground test at a Florida launchpad on Thursday evening, marking a significant setback for Jeff Bezos-backed Blue Origin as it seeks to compete with SpaceX ( SPCX ) in the commercial launch market. Blue Origin said on X that the rocket experienced an "anomaly" during testing and confirmed that all personnel wer...
Mark Wilson/Getty Images News Blue Origin's ( BORGN ) New Glenn rocket exploded during a ground test at a Florida launchpad on Thursday evening, marking a significant setback for Jeff Bezos-backed Blue Origin as it seeks to compete with SpaceX ( SPCX ) in the commercial launch market. Blue Origin said on X that the rocket experienced an "anomaly" during testing and confirmed that all personnel were accounted for and unharmed. Blue Origin's New Glenn just blew up at LC-36 while attempting to Static Fire ahead of NG-4. https://t.co/tANS0dWyIH pic.twitter.com/PztxFoBqIw — NSF - NASASpaceflight.com (@NASASpaceflight) May 29, 2026 The incident is the latest challenge for New Glenn, a cornerstone of Blue Origin's long-term space ambitions. The heavy-lift rocket has faced years of delays and extended gaps between launches, raising questions about its ability to emerge as a dependable alternative to SpaceX's Falcon 9. NASA Administrator Jared Isaacman said the agency would work closely with its partners on a “thorough investigation” into the explosion and assess any potential impacts on Artemis and other lunar missions. “Spaceflight is unforgiving, and developing new heavy-lift launch capability is extraordinarily difficult,” Isaacman said in a post on X. The explosion follows New Glenn's third flight in April, when the rocket successfully launched and its first-stage booster landed on a company recovery vessel at sea. However, the upper stage failed to generate sufficient thrust to place a satellite for AST SpaceMobile ( ASTS ) into its intended orbit, causing the spacecraft to reenter Earth's atmosphere and burn up. The Federal Aviation Administration had recently approved Blue Origin's investigation into that flight anomaly, and the company said it had implemented corrective actions before Thursday's test. More on Blue Origin Jeff Bezos' Blue Origin weighs first external fundraising, FT reports Jeff Bezos shakes up Blue Origin staff incentives ahead of SpaceX IPO: FT Fin...
Shrey Parikh, 14, wins the Scripps Spelling Bee after a nail-biting 'spell-off' toggle caption Allison Robbert/AP WASHINGTON, D.C. — After three days of competition, 18 total rounds and one nail-biting, rapid-fire "spell-off," the Scripps National Spelling Bee has crowned its champion: 14-year-old Shrey Parikh from Rancho Cucamonga, Calif. Over the course of two hours on Thursday night, the pool o...
Shrey Parikh, 14, wins the Scripps Spelling Bee after a nail-biting 'spell-off' toggle caption Allison Robbert/AP WASHINGTON, D.C. — After three days of competition, 18 total rounds and one nail-biting, rapid-fire "spell-off," the Scripps National Spelling Bee has crowned its champion: 14-year-old Shrey Parikh from Rancho Cucamonga, Calif. Over the course of two hours on Thursday night, the pool of nine finalists dropped to two: Parikh and 12-year-old Ishaan Gupta from Jersey City, N.J. After each nailed their eighth respective word, officials carried a sleek silver podium — with a buzzer on top — onto the stage, prompting huge gasps from the crowd. It was time for a spell-off. "I was not excited at all, because to be honest regular spelling I feel like is a much better show of what spelling is meant to be," Parikh told reporters immediately after his win. "But I accepted the fact that there was going to be a spell-off, I calmed my mind, I got some water … and I just tried to take it all in stride and do the best I could." toggle caption Jose Luis Magana/AP Parikh and Gupta each had 90 seconds at the buzzer, alone on the stage, to spell as many words correctly as possible. Then, after a few minutes of careful counting, judges made it official: Parikh had crushed 32 words to Gupta's 25, ending in "cashaw" (a type of plant) and setting a new spell-off record. Sponsor Message "Once I get the word I'm not really nervous anymore, because then it's all in my control," Parikh reflected from center stage at DAR Constitutional Hall, a grand concert hall a stone's throw from the White House. Parikh will leave D.C. with $52,500 in cash and a slew of other perks, including hundreds of dollars' worth of reference works, flight credits and an astronaut meet-and-greet at the Kennedy Space Center Visitor Complex in Florida. He's also coming into some considerable free time: The 8th grader estimates he's spent about five hours a day working on spelling in the past year alone. He's e...
A Russian drone that was part of an overnight attack on Ukraine crashed into an apartment building in eastern Romania, injuring two people, authorities said, in what an official statement condemned as an “irresponsible escalation” by Moscow. The drone was tracked by radar in Romanian airspace and crashed on to the roof of a building in Galati on Friday, said Romania’s defence ministry. The impact ...
A Russian drone that was part of an overnight attack on Ukraine crashed into an apartment building in eastern Romania, injuring two people, authorities said, in what an official statement condemned as an “irresponsible escalation” by Moscow. The drone was tracked by radar in Romanian airspace and crashed on to the roof of a building in Galati on Friday, said Romania’s defence ministry. The impact was followed by a fire. Two people sustained cuts that required medical treatment, and several people were evacuated. Romania’s foreign ministry described the drone incident as a “grave and irresponsible escalation” from Russia. It said the country would take the necessary diplomatic measures to respond to what it described as a “serious breach of international law” and its airspace. It said also it had asked Nato to accelerate the transfer of anti-drone capabilities to Romania. Police and other agencies responded at the scene. Galati is on the Danube River, east of the borders with Moldova and Ukraine. View image in fullscreen Debris on the street in Galati, Romania, after a Russian drone hit an apartment building and exploded. Photograph: Inquam Photos/Reuters The Romanian military scrambled two F-16 fighter jets and a helicopter that were authorised to engage targets, and alert messages were sent to residents of the affected areas. The UN secretary general, António Guterres, on Thursday told the UN security council that more civilians had been killed in the Russia-Ukraine war in the first four months of this year than in the same period of the past three years. Guterres called for more diplomacy, immediate de-escalation and “a full and unconditional ceasefire”, warning of “unknown and unintended consequences” from the escalation and intensification of attacks. Russia has been using long-range ballistic missiles and drones to damage Ukraine’s power grid and hammer cities, and Ukraine has been bracing for further heavy bombardments. The Ukrainian president, Volodymyr Zelen...
Billionaire Vincent Tan is considering selling his 30% stake in Prudential Assurance Malaysia Bhd. , people with knowledge of the matter said, after already offloading a 19% holding earlier this year. Tan is talking to advisers about a possible divestment, the people said, asking not to be identified because the information is private. He may seek to sell at a price that values the entire business...
Billionaire Vincent Tan is considering selling his 30% stake in Prudential Assurance Malaysia Bhd. , people with knowledge of the matter said, after already offloading a 19% holding earlier this year. Tan is talking to advisers about a possible divestment, the people said, asking not to be identified because the information is private. He may seek to sell at a price that values the entire business at 20 billion ringgit ($5 billion) or more, one of the people said. Deliberations are at an early stage and might not result in a sale, while the amount sought could also change, the people said. Tan’s Detik Ria Sdn. , which is also linked to the royal family of Malaysia’s Johor state, and Prudential Plc settled a long-running legal dispute last year that resulted in the sale of a 19% stake to the UK insurer. The agreement valued the Malaysian unit at about 8 billion ringgit and left Detik Ria with a 30% holding and Prudential with 70% , the limit under Malaysian rules for foreign investors in local insurers. A buyer for Tan’s stake would need to be Malaysian. Tan declined to comment. Prudential and the Malaysian unit didn’t respond to requests for comment.
What Happened? Shares of e-commerce platform Shopify (NASDAQ:SHOP) jumped 6.8% in the afternoon session after Snowflake's impressive earnings results provided clearer evidence that the "SaaSpocalypse" — a rolling selloff that had erased approximately $2 trillion from software market values since late 2025 on fears that AI would make subscription software obsolete — had been overstated for platform...
What Happened? Shares of e-commerce platform Shopify (NASDAQ:SHOP) jumped 6.8% in the afternoon session after Snowflake's impressive earnings results provided clearer evidence that the "SaaSpocalypse" — a rolling selloff that had erased approximately $2 trillion from software market values since late 2025 on fears that AI would make subscription software obsolete — had been overstated for platforms sitting at the centre of AI workflows. Snowflake surged 35%, its best single day ever, after reporting that AI accounts on its platform jumped from 9,100 to 13,600 in a single quarter, product revenue grew 34%, and full-year guidance was raised by $180 million. The read-through was immediate. ServiceNow gained 5%, Palantir rose nearly 6%, Oracle and Microsoft each added roughly 3%, and a broad wave lifted the iShares Expanded Tech-Software Sector ETF (IGV). The SaaSpocalypse thesis rested on a simple fear: that autonomous AI agents would replace per-seat software licences, hollowing out established SaaS business models. Snowflake's results inverted that logic directly. Instead of AI displacing its platform, AI drove more consumption of it. CFO Brian Robins described Cortex Code as creating a "step function change" in AI revenue potential, and said it was the single largest driver of the full-year guidance raise. Enterprises are not replacing data platforms with AI; they are using AI to generate more workloads that run on those same platforms. The shares closed the day at $113.16, up 5.9% from the previous close. Is now the time to buy Shopify? Access our full analysis report here, it’s free. What Is The Market Telling Us Shopify’s shares are extremely volatile and have had 33 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 8 days ago when the stock gained 3.2% on the news that...
Lisa Su: Good afternoon, everyone! President Reif, Chair Gorenberg, members of the Corporation, faculty, staff, families, friends, and most importantly, the Class of 2026 at the Massachusetts Institute of Technology - Congratulations! You've earned this. Standing here feels very different from what I expected. I've given many speeches around the world, but this one is especially special. As Murphy...
Lisa Su: Good afternoon, everyone! President Reif, Chair Gorenberg, members of the Corporation, faculty, staff, families, friends, and most importantly, the Class of 2026 at the Massachusetts Institute of Technology - Congratulations! You've earned this. Standing here feels very different from what I expected. I've given many speeches around the world, but this one is especially special. As Murphy's Law would have it, I lost my voice this week. So, please forgive me if my voice sounds a bit hoarse. But I'm really thrilled to be here with you. My MIT Story In the fall of 1986, I came to the Massachusetts Institute of Technology. I was 17 years old at the time, born in Taiwan, China, and grew up in Queens. I always knew I was good at math. Then I walked into Rooms 6-1 and 6-2. After about two weeks, I realized that there were a lot of people at MIT who were extremely good at math. I remember staring at the initial problem sets and thinking: Oh my god, these problems are so difficult. I pulled my first all-nighter during my freshman year. It was a brand-new experience, but it was really fun staying up late with my classmates. MIT has an incredible way of pushing you beyond what you think your limits are. You struggle with a problem, burn out one or two circuits - yes, some of you may have done that - and then somehow, it works. Suddenly, you realize that you can create something truly useful. That's when I started to feel like an engineer. One of the best parts of MIT is that undergraduates have the opportunity to participate in real research, which really changed my life. My first UROP (Undergraduate Research Opportunity Program) was in Professor Hank Smith's lab in Building 39, making mask blanks for X-ray lithography for a graduate student. To be honest, I had absolutely no idea what that meant at the time. But the first time I put on a clean suit and walked into the cleanroom and started fabricating devices on those tiny 2-inch wafers - which was quite advanced bac...
Anthropic raised $65 billion in a funding round that valued the AI company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time. (Source: Bloomberg)
Anthropic raised $65 billion in a funding round that valued the AI company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time. (Source: Bloomberg)
Astera Labs (ALAB) – a semiconductor connectivity solutions provider for cloud and AI infrastructure – hit a 7-day winning streak, with cumulative gains over this period amounting to 62%. The company’s market cap has surged by about $23 Bil over the last 7 days and currently stands at $60 Bil. Momentum often precedes conviction. A multi-day win streak can signal growing investor confidence or spar...
Astera Labs (ALAB) – a semiconductor connectivity solutions provider for cloud and AI infrastructure – hit a 7-day winning streak, with cumulative gains over this period amounting to 62%. The company’s market cap has surged by about $23 Bil over the last 7 days and currently stands at $60 Bil. Momentum often precedes conviction. A multi-day win streak can signal growing investor confidence or spark follow-on buying. Tracking such trends can help you ride the strength, or prepare for a well-timed entry if momentum fades. But here is the interesting part. You are reading about this 62% move after it happened. The market has already priced in the news. To catch the next winner before the headlines, you need predictive signals, not notifications. High Quality Portfolio is based on an architecture that includes such signals. Trefis: ALAB Stock Insights Returns vs S&P 500 The following table summarizes the return for ALAB stock vs. the S&P 500 index over different periods, including the current streak: Return Period ALAB S&P 500 1D 7.3% 0.6% 7D (Current Streak) 62.0% 2.2% 1M (21D) 90.5% 6.0% 3M (63D) 180.1% 9.5% YTD 2026 109.9% 10.5% 2025 25.6% 16.4% 2024 23.3% 2023 24.2% However, big gains can follow sharp reversals – but how has ALAB behaved after prior drops? See ALAB Dip Buyer Analysis to learn more. Gains and Losses Streaks: S&P 500 Constituents There are currently 66 S&P constituents with 3 days or more of consecutive gains and 80 constituents with 3 days or more of consecutive losses. Consecutive Days # of Gainers # of Losers 3D 21 50 4D 10 19 5D 1 7 6D 30 3 7D or more 4 1 Total >=3 D 66 80 Key Financials for Astera Labs (ALAB) Last 2 Fiscal Years: Metric FY2024 FY2025 Revenues $396.3 Mil $852.5 Mil Operating Income $-116.1 Mil $173.4 Mil Net Income $-83.4 Mil $219.1 Mil Last 2 Fiscal Quarters: Metric 2025 FQ4 2026 FQ1 Revenues $270.6 Mil $308.4 Mil Operating Income $67.0 Mil $61.8 Mil Net Income $45.0 Mil $80.3 Mil While ALAB stock looks attractive given its winni...
What Happened? A number of stocks jumped in the afternoon session after Snowflake's impressive earnings results provided clearer evidence that the "SaaSpocalypse" — a rolling selloff that had erased approximately $2 trillion from software market values since late 2025 on fears that AI would make subscription software obsolete — had been overstated for platforms sitting at the centre of AI workflow...
What Happened? A number of stocks jumped in the afternoon session after Snowflake's impressive earnings results provided clearer evidence that the "SaaSpocalypse" — a rolling selloff that had erased approximately $2 trillion from software market values since late 2025 on fears that AI would make subscription software obsolete — had been overstated for platforms sitting at the centre of AI workflows. Snowflake surged 35%, its best single day ever, after reporting that AI accounts on its platform jumped from 9,100 to 13,600 in a single quarter, product revenue grew 34%, and full-year guidance was raised by $180 million. The read-through was immediate. ServiceNow gained 5%, Palantir rose nearly 6%, Oracle and Microsoft each added roughly 3%, and a broad wave lifted the iShares Expanded Tech-Software Sector ETF (IGV). The SaaSpocalypse thesis rested on a simple fear: that autonomous AI agents would replace per-seat software licences, hollowing out established SaaS business models. Snowflake's results inverted that logic directly. Instead of AI displacing its platform, AI drove more consumption of it. CFO Brian Robins described Cortex Code as creating a "step function change" in AI revenue potential, and said it was the single largest driver of the full-year guidance raise. Enterprises are not replacing data platforms with AI; they are using AI to generate more workloads that run on those same platforms. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Zooming In On Rapid7 (RPD) Rapid7’s shares are extremely volatile and have had 31 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 13 days ago when the stock gained 4.8% on the news that President Trump's state vi...