File photo Chinese military activity rises near Taiwan Taiwan remains major flashpoint in US-China ties Taiwan’s strategic importance Taiwan's ministry of national defence said it detected four sorties of Chinese military aircraft and six naval vessels operating around the island until 6 am local time on Sunday.The ministry said three of the four aircraft crossed the median line of the Taiwan Stra...
File photo Chinese military activity rises near Taiwan Taiwan remains major flashpoint in US-China ties Taiwan’s strategic importance Taiwan's ministry of national defence said it detected four sorties of Chinese military aircraft and six naval vessels operating around the island until 6 am local time on Sunday.The ministry said three of the four aircraft crossed the median line of the Taiwan Strait and entered Taiwan’s southwestern and southeastern Air Defense Identification Zone (ADIZ).In a post on X, the ministry said, “4 sorties of PLA aircraft and 6 PLAN vessels operating around Taiwan detected up until 6 am (UTC+8) today. 3 out of 4 sorties crossed the median line of the Taiwan Strait and entered Taiwan’s southwestern and southeastern part ADIZ. ROC Armed Forces have monitored the situation and responded.”The latest activity came a day after Taiwan detected 16 Chinese military aircraft sorties and eight naval vessels around the island.Of the 16 aircraft detected on Saturday, 13 crossed the median line of the Taiwan Strait and entered Taiwan’s northern, central, southwestern and eastern ADIZ zones.Taiwan’s defence ministry said its armed forces monitored the movements and responded accordingly.The repeated incursions come amid rising tensions between China and Taiwan, with Beijing continuing military operations near the self-ruled island.Taiwan was a major issue during recent talks between US President Donald Trump and Chinese President Xi Jinping.China considers Taiwan part of its territory under the “One China Policy”, while Taiwan functions with its own government, military and democratic system.Taiwanese President Lai Ching-te recently said US arms sales and security cooperation with Taiwan are important for maintaining regional peace and stability.Taiwan remains strategically important due to its location in the Indo-Pacific region and its dominance in semiconductor manufacturing.Taiwan is home to Taiwan Semiconductor Manufacturing Company, the world’s lar...
US plan to build an “AI-native” industrial hub in the Philippines has highlighted the political sensitivities around Washington’s push to secure critical technology supply chains, after Manila rejected proposals for the zone to be governed by US laws or covered by diplomatic protections. Philippine officials said the planned economic security zone under Washington’s Pax Silica initiative would rem...
US plan to build an “AI-native” industrial hub in the Philippines has highlighted the political sensitivities around Washington’s push to secure critical technology supply chains, after Manila rejected proposals for the zone to be governed by US laws or covered by diplomatic protections. Philippine officials said the planned economic security zone under Washington’s Pax Silica initiative would remain covered by local laws, clarifying that there would be “no special arrangement” for the US-backed project. Analysts say the dispute points to a broader challenge: whether the Philippines can offer investors enough certainty while overcoming the infrastructure, bureaucratic and geopolitical hurdles that have long hindered foreign investment. Advertisement During a visit to the proposed site on May 15, Joshua Bingcang, president and chief executive of the Bases Conversion and Development Authority, told local media that US officials had requested that the zone be placed under US jurisdiction, “but we did not agree to that”. A toll booth at the Clark Freeport Zone in the Philippines. Photo: Handout The 1,620-hectare (4,000-acre) industrial hub in New Clark City, 100km (60 miles) north of Manila, is part of the wider Luzon Economic Corridor. The connectivity project by the US, Japan and the Philippines across four cities on the island is projected to generate US$100 billion for the local economy. Advertisement Bingcang further confirmed that “no special arrangement” would be accorded to the US, in response to a Wall Street Journal report on April 17 that claimed the hub would be covered under diplomatic protections.
Apple (NasdaqGS:AAPL) has secured global streaming rights for "Staycation International," an Emmy-winning travel and lifestyle series. The series is a third-party production and represents an expansion of Apple TV's catalog beyond Apple produced originals. The move adds a premium, globally focused travel title to Apple TV's content portfolio and broadens its appeal to international audiences. For ...
Apple (NasdaqGS:AAPL) has secured global streaming rights for "Staycation International," an Emmy-winning travel and lifestyle series. The series is a third-party production and represents an expansion of Apple TV's catalog beyond Apple produced originals. The move adds a premium, globally focused travel title to Apple TV's content portfolio and broadens its appeal to international audiences. For you as an investor, the key point is that this deal sits squarely in Apple’s Services story, rather than its hardware franchise. Apple TV has typically focused on in house productions, so bringing in an Emmy winning external series signals an effort to widen the content mix and reach viewers who might not be drawn in by Apple originals alone. If Apple continues to pair its own shows with select third party hits like "Staycation International," the result could be a broader funnel for attracting and retaining subscribers. That, in turn, may matter for how you think about the role of Services within NasdaqGS:AAPL over time, alongside devices and other recurring revenue lines. Stay updated on the most important news stories for by adding it to your or . Alternatively, explore our to discover new perspectives on Apple. NasdaqGS:AAPL Earnings & Revenue Growth as at May 2026 Advertisement Quick Assessment ⚖️ Price vs Analyst Target : At US$308.82, the share price is roughly in line with the US$308.65 analyst target. : At US$308.82, the share price is roughly in line with the US$308.65 analyst target. ❌ Simply Wall St Valuation : Shares are trading about 33.7% above the Simply Wall St estimated fair value. : Shares are trading about 33.7% above the Simply Wall St estimated fair value. ✅ Recent Momentum: The stock is up 13.9% over the last 30 days. There is only one way to know the right time to buy, sell or hold Apple. Head to the Simply Wall St . Key Considerations 📊 The global streaming rights for an Emmy winning travel series add another Services touchpoint that could support e...
Hong Kong investors gearing up for SpaceX’s US$75 billion initial public offering (IPO) on Wall Street could find a variety of ways to gain exposure to what is expected to be the world’s biggest-ever stock flotation. Local stock traders could subscribe to the IPO through brokerages offering service access to US stocks, such as Futu Securities International and Tiger Brokers. While this would be th...
Hong Kong investors gearing up for SpaceX’s US$75 billion initial public offering (IPO) on Wall Street could find a variety of ways to gain exposure to what is expected to be the world’s biggest-ever stock flotation. Local stock traders could subscribe to the IPO through brokerages offering service access to US stocks, such as Futu Securities International and Tiger Brokers. While this would be the most direct way of taking part in SpaceX’s offering, it requires a higher asset threshold and is often only open to a small group of qualified investors. Furthermore, since most of the IPO shares are set to be slated for global institutional investors, the chances of individuals winning an allotment of shares are not high. Alternatives include buying into SpaceX’s listed business partners, such as EcoStar and Planet Labs PBC, or US exchange-traded funds (ETFs) that already invest in Elon Musk’s commercial aerospace unit , like seasoned money manager Cathie Wood’s Ark Space and Defense Innovation ETF. Advertisement SpaceX has dominated news headlines over the past week following its application to the US Securities and Exchange Commission to list on the Nasdaq. Global investors are keen to secure an allotment of shares in anticipation that commercial aerospace will become another key area of competition between China and the US after the massive investment in artificial intelligence. Liquidity has tightened ahead of the IPO, with some investors having pulled out of existing stocks to reserve cash for SpaceX share subscription. “In the past, investors who wanted to participate in the space economy often had no choice but to opt for relatively small launch service providers or satellite communication companies upstream and downstream in the supply chain,” said Futu Securities. “SpaceX’s IPO will directly provide the secondary market with a space-dominant player worth trillions.” Advertisement As one example, Nasdaq-listed EchoStar sold its spectrum licences for satellite and...
ELEKTROS Inc. - Publicly Traded (Ticker Symbol:ELEK) WEST PALM BEACH, FL / ACCESS Newswire / May 23, 2026 / Management Celebrates Friday Trading Momentum of 7.96% and States That Growing Worldwide Awareness of ELEKTROS Represents a Paradigm Shift for the Company's Expanding Global Shareholder Base. ELEKTROS States That Growing Global Awareness Surrounding the Company Represents an Exciting Milesto...
ELEKTROS Inc. - Publicly Traded (Ticker Symbol:ELEK) WEST PALM BEACH, FL / ACCESS Newswire / May 23, 2026 / Management Celebrates Friday Trading Momentum of 7.96% and States That Growing Worldwide Awareness of ELEKTROS Represents a Paradigm Shift for the Company's Expanding Global Shareholder Base. ELEKTROS States That Growing Global Awareness Surrounding the Company Represents an Exciting Milestone for Shareholders and Supporters Worldwide. ELEKTROS continues focusing on hard rock lithium exploration and development opportunities in Sierra Leone, Africa, positioning the Company within one of the world's most strategically important supply chains supporting electric vehicles, renewable energy storage, and industrial electrification. The importance of lithium to the future of transportation and clean energy has been repeatedly highlighted by industry leaders worldwide. Elon Musk, CEO of Tesla, previously stated: "It is definitely true that the fundamental enabling technology for electric cars is lithium-ion as a cell chemistry technology. In the absence of that, I don't think it's possible to make an electric car that is competitive with a gasoline car." In addition, Musk has publicly emphasized the importance of expanding charging infrastructure and improving charging efficiency to support mass EV adoption globally. In parallel with its lithium initiatives, ELEKTROS holds United States Patent No. 12,522,100 B1 related to advanced electric vehicle charging technology designed to significantly reduce charging times and improve charging efficiency for EV users globally. The Company believes that fast-charging infrastructure may become one of the defining components of the next generation EV ecosystem as consumers increasingly demand reduced charging times, improved convenience, and enhanced vehicle usability. ELEKTROS further announced that on May 5, 2026, the Company delivered a cease-and-desist notice regarding activities involving a major global automotive manufactu...
「浪漫勇士」勝出冠軍暨遮打盃 成港第三匹「三冠王」 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】沙田馬場舉行冠軍暨遮打盃,「浪漫勇士」大熱勝出,成為香港第三匹「三冠王」。 今季壓軸一場一級賽,9匹馬角逐2,40...
「浪漫勇士」勝出冠軍暨遮打盃 成港第三匹「三冠王」 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】沙田馬場舉行冠軍暨遮打盃,「浪漫勇士」大熱勝出,成為香港第三匹「三冠王」。 今季壓軸一場一級賽,9匹馬角逐2,400米。麥道朗策騎1號馬「浪漫勇士」,留前鬥後,沿途跟著放頭,同馬主的「浪漫戰神」守在第4位。這匹8歲馬今季留港作賽,已經5戰全勝,包括三冠大賽頭兩關董事盃及香港金盃,上月更創歷史、第四度奪得女皇盃。最新一期世界最佳馬匹排名,緊次「嘉應高昇」,以126分排第2。 「浪漫勇士」轉入直路,由外檔搶上,先是頂住莫雷拉策騎的日本馬「大怪奇」。最後50米,在麥道朗催策下趕過另一匹香港代表「數字天文 」,「浪漫勇士」以半個馬位的優勢贏得服役以來第15場一級賽冠軍,成為繼「翠河」、「遨遊氣泡」後,香港第三匹「三冠王」,累積總獎金超過2億8,000萬港元,繼續冠絕全球。
Key Points The State Street Financial Select Sector SPDR ETF offers a slightly more affordable expense ratio of 0.08% compared to the 0.09% fee for the Vanguard Financials ETF. The Vanguard Financials ETF provides broader exposure with 404 holdings across the market-cap spectrum while State Street Financial Select Sector SPDR ETF concentrates on 76 large-cap positions. Both funds have identical tr...
Key Points The State Street Financial Select Sector SPDR ETF offers a slightly more affordable expense ratio of 0.08% compared to the 0.09% fee for the Vanguard Financials ETF. The Vanguard Financials ETF provides broader exposure with 404 holdings across the market-cap spectrum while State Street Financial Select Sector SPDR ETF concentrates on 76 large-cap positions. Both funds have identical trailing-12-month dividend yields of 1.50% and showed very similar maximum drawdowns over the last five years. 10 stocks we like better than Select Sector SPDR Trust - State Street Financial Select Sector SPDR ETF › The State Street Financial Select Sector SPDR ETF (NYSEMKT:XLF) provides concentrated, large-cap exposure to the S&P 500 financials, while the Vanguard Financials ETF (NYSEMKT:VFH) offers a broader portfolio including smaller-cap companies. Investors seeking exposure to the American financial system often weigh these two options for their core sector allocation. While both funds capture the performance of banks, insurers, and capital markets firms, their underlying index methodologies create different risk profiles. The State Street fund focuses on top-tier giants, whereas the Vanguard fund reaches deeper into the industry for broader diversification. Snapshot (cost & size) Metric VFH XLF Issuer Vanguard SPDR Expense ratio 0.09% 0.08% 1-yr return (as of May 20, 2026) 6.73% 4.99% Dividend yield 1.50% 1.50% Beta 0.92 0.87 AUM $13.7 billion $51.46 billion Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Cost is a negligible differentiator here, though the State Street fund is slightly more affordable with an expense ratio of 0.08% versus 0.09% for the Vanguard fund. For an investor with $10,000, this represents a difference of only $1 per year. Both ETFs currently offer a matching 1....
Australia’s center-left government is consulting with small businesses, particularly start-ups, over the implications of a planned clampdown on tax breaks unveiled in this month’s budget, Cabinet Secretary Andrew Charlton said. Under the proposed changes, a current 50% capital gains tax discount will be replaced by an inflation-indexation model with a 30% minimum tax rate on net capital gains, cov...
Australia’s center-left government is consulting with small businesses, particularly start-ups, over the implications of a planned clampdown on tax breaks unveiled in this month’s budget, Cabinet Secretary Andrew Charlton said. Under the proposed changes, a current 50% capital gains tax discount will be replaced by an inflation-indexation model with a 30% minimum tax rate on net capital gains, covering everything from property to shares and businesses. Charlton on Sunday acknowledged the new system could be problematic for firms with a very low capital base — like start-ups — as they have little to inflate off. “There are real concerns out there, the government recognizes those concerns, we are consulting on them,” said Charlton, who prior to entering politics had founded a company and later sold it. “We should let that consultation, which is being led by the treasurer and Treasury, go through the normal process.” The Labor government has faced a backlash from small business owners, who have used AI-generated images depicting Prime Minister Anthony Albanese as a silent business partner, to criticize the decision to include all asset classes in the CGT changes. They’ve described the overhaul as a “tax on success.” Charlton, speaking in an interview with Sky News, pointed out the budget documents had included a statement that the government was aware of concerns among start-ups and would be talking with firms. He also dismissed global comparisons with Australia’s new capital gains tax regime that show it’s uncompetitive. “You can’t compare the tax rate on a real gain in Australia with the tax rate on a nominal gain in another country, that is not apples for apples,” said Charlton, a one-time economic adviser to former Labor Prime Minister Kevin Rudd . “In many cases, our regime will be more generous to assets that have experienced a lot of inflation over a long period of time, and that is not compensated for in the regimes of other countries,” he added. The scrapping ...
If you look at the year-over-year improvement in the first-quarter earnings of U.S. refiners Valero Energy (VLO +2.44%), Marathon Petroleum (MPC +2.50%), and Phillips 66 (PSX +2.09%), the outlook for the summer driving season might seem very positive. But the refining business is complex. The energy sector is also being affected by the ongoing geopolitical conflict in the Middle East. Here's what ...
If you look at the year-over-year improvement in the first-quarter earnings of U.S. refiners Valero Energy (VLO +2.44%), Marathon Petroleum (MPC +2.50%), and Phillips 66 (PSX +2.09%), the outlook for the summer driving season might seem very positive. But the refining business is complex. The energy sector is also being affected by the ongoing geopolitical conflict in the Middle East. Here's what investors need to know right now about these three refiners as the summer driving season gets underway. A strong start to the year Valero Energy reported first-quarter 2026 earnings of $4.22 per share. That is up from a loss of $1.90 per share in the same quarter of 2025. Take out one-time items, and that $1.90 loss improves to a profit of $0.89 per share. But the year-over-year improvement is still pretty incredible. Marathon Petroleum reported first-quarter 2026 earnings of 1.73 per share. Removing one-time items lowered that to $1.65. However, that was still far above the $0.24 per share loss the company reported in the same quarter of 2025. Phillips 66 reported first-quarter 2026 adjusted earnings of $0.49 per share. In the same quarter of 2025, the company lost $0.90 per share. However, Phillips 66 provided another data point that the other two refiners left out: Fourth quarter 2025 earnings. The energy company's first-quarter adjusted earnings of $0.49 fell materially from the fourth quarter's adjusted earnings of $2.47. Looking back at Valero, it reported adjusted earnings of $3.22 in the fourth quarter of 2025, suggesting its first-quarter earnings of $4.22 wasn't nearly as impressive sequentially. And Marathon reported fourth-quarter 2025 adjusted earnings of $4.07 per share, so the first-quarter 2026 adjusted earnings of $1.65 now look like a bit of a letdown. Expand NYSE : VLO Valero Energy Today's Change ( 2.44 %) $ 5.87 Current Price $ 246.96 Key Data Points Market Cap $73B Day's Range $ 241.44 - $ 247.42 52wk Range $ 125.10 - $ 263.75 Volume 2.5M Avg Vol 3.7M ...
Gunman Dead, Bystander Wounded After Large Shootout With Secret Service Near White House, Trump Safe After a very busy day in Washington and at the White House, given the Saturday flurry of diplomatic activity over the announcement of a tentative Iran peace deal, but which is still awaiting word and some details from Tehran, a deadly shooting erupted just outside the White House, resulting in a ma...
Gunman Dead, Bystander Wounded After Large Shootout With Secret Service Near White House, Trump Safe After a very busy day in Washington and at the White House, given the Saturday flurry of diplomatic activity over the announcement of a tentative Iran peace deal, but which is still awaiting word and some details from Tehran, a deadly shooting erupted just outside the White House, resulting in a massive security and response and presence . President Trump was at the White House when at around 6pm ET the Secret Service responded in a hail of gunfire as 21-year-old Maryland man Nasire Best opened fire at 17th Street and Pennsylvania Avenue NW near the Eisenhower Executive Office Building . via Reuters The president is safe , and the emergency has been declared over. Somewhere between approximately 15 to 30 gunshots were fired, according to CBS News, which spoke to local law enforcement. President Trump was at the White House during the incident, "but was not impacted," the Secret Service spokesperson later announced. A bystander was wounded , and the suspect was hit by by Secret Service officers upon returning fire . The gunman was wounded and taken to the hospital, where he later died . I was in the middle of taping on my iPhone for a social video from the White House North Lawn when we heard the shots. It sounded like dozens of gunshots. We were told to sprint to the press briefing room where we are holding now. pic.twitter.com/iqdQwh4soq — Selina Wang (@selinawangtv) May 23, 2026 CBS reports upon the suspect's name being identified that "According to the source, Best had a previous run-in with Secret Service in July 2025 in which he tried to gain entry to the White House and was arrested and sent to a psychiatric ward for mental health issues ." A complete White House lockdown as since been lifted. According to more emerging details : The Secret Service confirmed a couple of hours after the shooting that the man had died after exchanging fire with its agents. The ma...
Dozens Of Nations Scramble For World Bank Financing Amid Iran War Global Shock Via The Cradle Twenty-seven countries have moved to activate emergency World Bank financing mechanisms since the US-Israeli war on Iran began in late February, Reuters reported Friday. Three nations have already received approval for fast-tracked funding, while the other 24 are in the process of completing administrativ...
Dozens Of Nations Scramble For World Bank Financing Amid Iran War Global Shock Via The Cradle Twenty-seven countries have moved to activate emergency World Bank financing mechanisms since the US-Israeli war on Iran began in late February, Reuters reported Friday. Three nations have already received approval for fast-tracked funding, while the other 24 are in the process of completing administrative procedures. Kenya and Iraq have publicly confirmed they are seeking emergency World Bank assistance , with Nairobi facing surging domestic fuel prices and Baghdad grappling with severely diminished oil revenues due to disruptions in maritime exports. Getty Image The 27 nations are drawn from a pool of 101 countries with access to pre-arranged contingent financing, including 54 that are enrolled in the World Bank's Rapid Response Option, a mechanism that allows sovereign borrowers to immediately redirect up to 10 percent of their undisbursed project balances . World Bank President Ajay Banga has outlined a three-tier funding structure. Between $20 billion and $25 billion is available immediately through existing crisis instruments, rising to $60 billion within six months if the bank reorients parts of its broader portfolio, with longer-term structural changes capable of pushing the total to around $100 billion. Activity at the International Monetary Fund (IMF), by contrast, has been minimal . Despite Managing Director Kristalina Georgieva anticipating that up to a dozen nations would seek between $20 billion and $50 billion in emergency assistance, sources told Reuters that very few formal requests have been filed, with countries in a "wait-and-see mode.” The IMF previously warned that the US-Israeli war on Iran has significantly worsened the global economic outlook by disrupting energy markets, raising inflation, and weakening growth prospects worldwide. It said the war had reduced expected global growth from 3.4 percent to 3.1 percent, significantly worsened inflation, a...
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Tesla has officially cancelled plans to build a manufacturing plant in India, ending years of talks with local authorities. The company is dealing with a recall of more than 14,000 Model Y vehicles in the U.S. tied to a safety label issue. Tesla's commercial t...
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Tesla has officially cancelled plans to build a manufacturing plant in India, ending years of talks with local authorities. The company is dealing with a recall of more than 14,000 Model Y vehicles in the U.S. tied to a safety label issue. Tesla's commercial ties and equity exposure to SpaceX are growing, feeding ongoing speculation about a possible merger as a SpaceX IPO approaches. For investors watching NasdaqGS:TSLA, these developments land at a time when the stock trades at $426.01 and has returned 25.5% over the past year and 120.5% over the past 3 years. Over 5 years, the return is 104.4%, while performance since the start of the year is down 2.8%. Short term moves have been mixed, with the stock up 0.9% over the past week and 13.2% over the past month. The cancelled India factory, recall headlines and tighter links with SpaceX give you fresh factors to weigh around Tesla's risk profile and business mix. As the SpaceX IPO timetable becomes clearer, Tesla holders may want to consider how much indirect exposure to the wider Musk group they are comfortable with, alongside the core electric vehicle and energy businesses. Stay updated on the most important news stories for Tesla by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Tesla. NasdaqGS:TSLA Earnings & Revenue Growth as at May 2026 We've flagged 2 risks for Tesla. See which could impact your investment. Quick Assessment ⚖️ Price vs Analyst Target : At US$426.01, Tesla trades about 3.4% above the US$411.89 analyst price target, which is close to consensus. ❌ Simply Wall St Valuation : Shares are described as trading at about 370.7% above estimated fair value, a very large premium. ✅ Recent Momentum: The stock is up 13.2% over the past 30 days, showing strong short term momentum. There is only one way to know...