今年2月,微软AI CEO Mustafa Suleyman(苏莱曼)在接受Financial Times采访时放话:未来12—18个月内,多数电脑前完成的专业任务会被AI自动化。 微软AI CEO苏莱曼 苏莱曼认为,AI正将白领岗位推向一场剧烈变革的边缘,法律、会计、营销、项目管理等白领工作,将在AI推动下被全面自动化。MBA和法学学位曾是进入体面职场的门票,如今它们正在快速贬值。 苏莱曼的逻辑...
今年2月,微软AI CEO Mustafa Suleyman(苏莱曼)在接受Financial Times采访时放话:未来12—18个月内,多数电脑前完成的专业任务会被AI自动化。 微软AI CEO苏莱曼 苏莱曼认为,AI正将白领岗位推向一场剧烈变革的边缘,法律、会计、营销、项目管理等白领工作,将在AI推动下被全面自动化。MBA和法学学位曾是进入体面职场的门票,如今它们正在快速贬值。 苏莱曼的逻辑是, 随着算力持续指数级增长,模型写代码的能力将超过大多数人类程序员,AI可能取代大批专业人士 。 《大西洋月刊》记者Josh Tyrangiel(乔什·泰兰吉尔)用一个比喻,描绘当前这一现状:CEO们明明已经看见「鲨鱼鳍划破水面」,却还没有行动。 AI正在改写两千年前的组织架构图 Block CEO、Twitter(现X)联合创始人Jack Dorsey今年3月在红杉资本官网发文,揭示了AI浪潮将如何改写企业的组织架构图。 https://sequoiacap.com/article/from-hierarchy-to-intelligence/ 他将视角放到了两千多年前的古罗马。当时的罗马军团,早已解决了大规模协调的难题: 8个士兵共用一顶帐篷,由一名十夫长带领;10个小队组成百人队,交给百夫长带领;6个百人队构成大队,10个大队凑成约5000人的军团。 整条链路只围绕一件事:信息路由,即把命令从上往下传,把情报从下往上聚。 这套逻辑,后来被普鲁士人发展成参谋体系,被西点军校毕业生带进了19世纪的美国铁路公司,最终演化成了今天每家大公司的组织架构图。 后来Spotify、Zappos都曾试过打破它,但都败了。 Dorsey的结论是:两千年没人能替代层级制,并非因为人类不够聪明,而是因为从来没有任何技术能真正接管「信息路由」这件事。 AI的出现,让这件事第一次有了可能:它可以实时维护一张关于整个公司的「信息地图」——哪个项目进展如何,哪里有堵点,资源怎么分配,谁在做什么。 过去这张图存在在于每个中层管理者的脑子里,通过会议、邮件、Slack消息联通起来。现在,AI可以自动更新、维护、运行这张图,自动提供给每个需要它的人,Dorsey把它叫做「公司世界模型」(company world model)。 有了它,组织可以压缩成三种角色:做具体工作的IC(独立贡献者)、端到端负...
jetcityimage/iStock Editorial via Getty Images Introduction Back when I last covered Conagra Brands ( CAG ), I reiterated their Buy rating, highlighting their attractive and sustainable dividend, strong free cash flow, and clear undervaluation while the company was navigating an overall uncertain macro setting. Following an overall solid year and the valuation getting significantly more attractive...
jetcityimage/iStock Editorial via Getty Images Introduction Back when I last covered Conagra Brands ( CAG ), I reiterated their Buy rating, highlighting their attractive and sustainable dividend, strong free cash flow, and clear undervaluation while the company was navigating an overall uncertain macro setting. Following an overall solid year and the valuation getting significantly more attractive due to more macro pressure, I’m going to upgrade Conagra to a Strong Buy, recently opening a first position in them as I believe the price implies an irrationally high margin of safety that offers significant potential especially under a new CEO and potential for future macro improvements. Turnaround Advances in a Tough Environment Conagra Brands IR CAG reported an overall good quarter, with a slight miss on EPS despite a slight beat on revenue , although they returned to organic net sales growth (note: organic, otherwise it would’ve been negative due to the 4.8% decrease coming from divestitures), as they expected, with all segments except for the international (-1.2%) delivering organic net sales growth while all were better than the previous quarter, with their meat snacks and seeds brands delivering strong results in terms of dollars and volumes as they benefit from the protein-related trends, while sweet treats performed better than they anticipated in terms of elasticity (e.g. Snack Pack's volumes dropped 2% despite a massive 17% increase in Dollars). Conagra Brands IR Thanks to an overall solid performance despite the ongoing macro pressure, CAG announced yet another increase in their estimated FCF conversion rate (to ~105% vs. the original 90%) and also updated the net debt reduction to $800 million compared to the previous $700 million estimate, which is a right step in an overall tough environment given their financial position. Besides that, they are also narrowing their guidance, expecting organic net sales to be near the midpoint of their -1% to +1% guidance, ...
AI 作为这两年最火热的赛道,吸引了无数创业者进入,实现「AGI」梦想。但是,就这样一个人挤人的赛道,其投资和收入的集中度,却比当年的互联网更甚。 根据 The Information 的最新分析, 34 家头部 AI 创业公司的年化收入,总规模已经达到约 800 亿美元 ,相比六个月前增长了 112%。 这个数字听起来欣欣向荣,整个赛道都在狂飙。但仔细拆开看,你会发现一个让人后背发凉的数据: O...
AI 作为这两年最火热的赛道,吸引了无数创业者进入,实现「AGI」梦想。但是,就这样一个人挤人的赛道,其投资和收入的集中度,却比当年的互联网更甚。 根据 The Information 的最新分析, 34 家头部 AI 创业公司的年化收入,总规模已经达到约 800 亿美元 ,相比六个月前增长了 112%。 这个数字听起来欣欣向荣,整个赛道都在狂飙。但仔细拆开看,你会发现一个让人后背发凉的数据: OpenAI 和 Anthropic 两家,拿走了这 800 亿里的 89% 。 剩下 32 家公司,分剩下的 11%。 先来看看这两个数字背后的真实体量。 Anthropic 的年化收入已经超过 300 亿美元。OpenAI 自己公布的数字则在 240 亿到 250 亿美元之间。两家加在一起,差不多是 550 亿美元的年化规模。 这是两家成立时间不超过十年的「创业公司」,而且这是「年化收入」,不是估值泡沫,是真金白银流入账户的速度。 更值得关注的,是两家公司各自的增长逻辑。 OpenAI 的收入引擎,主要是 ChatGPT 的 C 端订阅用户。从免费到 Plus、Team、Enterprise,一级一级往上拉。这条路走得快,但也存在天花板——消费者的订阅意愿和付费能力是有上限的,而且这个市场极其依赖产品层面的感知体验,一旦竞争对手推出更好用的产品,用户迁移成本几乎为零。 Anthropic 走的是另一条路。从创立第一天起,Dario Amodei 就把企业客户和 API 接入定为核心战场。Claude 不是要做一个让用户喜欢的聊天机器人,而是要成为企业软件栈里的一个基础设施组件。这个策略的黏性要强得多——一旦一家公司把 Claude 的 API 深度集成进自己的产品和工作流,迁移成本会变得极其高昂。 今年 4 月,有一个数字正式确认了这个策略的成效:Anthropic 在美国企业市场的份额首次超过 OpenAI,达到 34.4%。而就在 2023 年中期,这个数字还不到 1%。 从 1% 到 34%,Anthropic 只用了不到两年 。 01 其他 AI 公司活在缝隙里 当然,AI 创业市场里不只有 OpenAI 和 Anthropic。Mistral、Cohere、AI21 Labs、Perplexity、Character.AI……还有一大批拿了大量融资、招募了顶尖人...
Wells Fargo analyst Aaron Rakers turned more bullish on Broadcom Inc, arguing that Wall Street may still be underestimating the scale of AI infrastructure demand tied to hyperscaler data center expansion. Wells Fargo Raises Broadcom Forecast To $545 Rakers maintained...
Wells Fargo analyst Aaron Rakers turned more bullish on Broadcom Inc, arguing that Wall Street may still be underestimating the scale of AI infrastructure demand tied to hyperscaler data center expansion. Wells Fargo Raises Broadcom Forecast To $545 Rakers maintained...
Funtap/iStock via Getty Images The S&P 500 ( SPX ) continued rising during the trading week ending on Friday, 15 May 2026, clocking several new record high closes during the week that was. The index, however, retreated from those new highs on Friday but still closed at 7,408.50 , up a little over 0.1% above its previous week's close. Friday was the day inflation fears came roaring back for the U.S...
Funtap/iStock via Getty Images The S&P 500 ( SPX ) continued rising during the trading week ending on Friday, 15 May 2026, clocking several new record high closes during the week that was. The index, however, retreated from those new highs on Friday but still closed at 7,408.50 , up a little over 0.1% above its previous week's close. Friday was the day inflation fears came roaring back for the U.S. economy, erasing two days worth of gains for the index in the process and taking expectations of rate cuts entirely off the table for 2026. The CME Group's FedWatch Tool now anticipates no change in the Federal Funds Rate until 9 December (2026-Q4), when it now projects a quarter-point rate hike, which is a big change from the previous week. Right now, it's not projecting much more than that increase, but the tool's bias going into 2027 has shifted toward expectations of more rate hikes. QTR's Fringe Finance captured the Wall Street zeitgeist of the moment: Lauren Hyslop, investment manager at Mattioli Woods, summarized the situation well in comments to CNBC : “Rising bond yields are once again imposing their will on markets, tightening financial conditions and sapping risk appetite across asset classes,” she said. She added that investors are confronting the “uncomfortable reality of ‘higher for longer’ rates in the U.S., as stubborn inflation and surprisingly resilient growth push back any meaningful pivot to easing.” She also noted that a stronger dollar, fading expectations for liquidity support, geopolitical uncertainty, and fiscal concerns are all adding pressure simultaneously. That combination is particularly dangerous because it removes the easy narrative markets have relied on for months that rate cuts were inevitable and policymakers would remain quick to intervene. The fact that the Fed is stuck between a 3.8% CPI and 6% PPI rock and a market-teetering-on-the-brink-of violently-pulling-back hard place was the core of yesterday’s concern. If the bond market sta...
面对各种攻击、辱骂、冷嘲热讽,他一笑置之。这是真正的成熟:你知道人性,你见过恶意,但你不再跟庸人计较 图:视觉中国 我在社交媒体上关注的人不多,其中有一位是小说家斯蒂芬·金(Stephen E. King)。前一阵,他转发了一篇推文,内容很简单,却道出了一个司空见惯的现象:“无论你是谁,是大人物还是小人物,是男是女⋯⋯总会有人在某个角落,说你坏话。去他妈的吧,笑笑就好。”原帖说这是个“冰冷的事实”...
面对各种攻击、辱骂、冷嘲热讽,他一笑置之。这是真正的成熟:你知道人性,你见过恶意,但你不再跟庸人计较 图:视觉中国 我在社交媒体上关注的人不多,其中有一位是小说家斯蒂芬·金(Stephen E. King)。前一阵,他转发了一篇推文,内容很简单,却道出了一个司空见惯的现象:“无论你是谁,是大人物还是小人物,是男是女⋯⋯总会有人在某个角落,说你坏话。去他妈的吧,笑笑就好。”原帖说这是个“冰冷的事实”,金在转帖中评论道,“确实,我深有体会。” 人活着就免不了被人说,说好说坏都是日常。美国“国父”富兰克林说,人生有两样东西逃不掉,一是死亡,一是交税。但他漏掉了一样,就是被人议论。人人都逃不掉被人说闲话,不但活着的时候逃不掉,死了以后也逃不掉,甚至比逃税还难。
Getty Images Now is a great time to be an income investor, as most BDCs and REITs carry above average yields while trading at below average valuations. Getting in at a great starting valuation is half the battle, as that can shave time off of one’s compounding journey with any one investment. This brings me to Kilroy Realty Corp. ( KRC ), which is an office REIT that has paid an uninterrupted divi...
Getty Images Now is a great time to be an income investor, as most BDCs and REITs carry above average yields while trading at below average valuations. Getting in at a great starting valuation is half the battle, as that can shave time off of one’s compounding journey with any one investment. This brings me to Kilroy Realty Corp. ( KRC ), which is an office REIT that has paid an uninterrupted dividend since 2009. I last covered KRC back in December 2025, highlighting its improving leasing momentum in the West Coast, where it has a strong presence. At the current price of $34.36, KRC remains attractive with a 10x forward P/FFO and a 6.3% dividend yield. As shown below, it currently trades in the bottom half of its 52-week range. KRC Stock 1-Yr Trend (Seeking Alpha) In this article, I revisit KRC including recent business results , and discuss why it remains a solid ‘Buy’ for income and value investors, so let’s dig in! Why KRC? Kilroy Realty is a leading office REIT with a strong presence along major Tier 1 cities along the U.S. West Coast and Austin, Texas. At present, it has 123 properties covering 17 million rentable square feet. Most of KRC’s tenants are well-capitalized companies and 45% of its ABR (annual base rent) comes from investment-grade rated tenants. Technology represents just over half (51%) of KRC’s rent roster and Life Science makes up another 19%. Top tenants include a Global Technology Company with an AA+ credit rating, which I believe is Apple ( AAPL ). This is considering the protective nature of Apple's brand, along with its global presence and current AA+ credit rating . Other top tenants include leading technology companies like Adobe ( ADBE ), Salesforce ( CRM ), Okta ( OKTA ), and Netflix ( NFLX ), as shown below. Investor Presentation It’s no secret that office REITs like KRC have seen a challenging operating environment. This has been due to factors like work from home and office space rationalization. During Q1’26, KRC’s portfolio occupan...
Richard Drury/DigitalVision via Getty Images This was quite a perplexing week considering the S&P 500 reached all-time highs and finished at 7,408.50 yet CPI came in hot, PPI came in hot, and oil is still above $100 per barrel. Some are speculating that the market has reached a dangerous euphoric moment while others are touting the power of the American economy and its ability to absorb higher oil...
Richard Drury/DigitalVision via Getty Images This was quite a perplexing week considering the S&P 500 reached all-time highs and finished at 7,408.50 yet CPI came in hot, PPI came in hot, and oil is still above $100 per barrel. Some are speculating that the market has reached a dangerous euphoric moment while others are touting the power of the American economy and its ability to absorb higher oil prices. CME Group is now speculating that there is a 40% chance that we get one rate hike this year with an 8.4% chance that there are two rate hikes on the horizon in 2026. I do not have a crystal ball so I don’t know what is going to happen but I am not seeing the same outcome as CME Group. We saw how quickly oil dropped when it looked like we were going to get a deal and I believe that the oil markets are just waiting for concreate news to make a move to the downside long lasting. The reality is that it is May and there is still more than half a year in 2026. We could see a deal with Iran, the Strait open up, oil fall to under $80 per barrel, and CPI cool over the next several months. If that occurs I believe that the Fed will come out of Jackson Hole and cut rates in September but several things have to fall into place for that logic to work. Either way I am taking this opportunity to add to companies that are rate sensitive because I think that the market pricing in a rate hike is completely overdone. After allocating $27,200 to the Dividend Harvesting Portfolio, the account balance finished week 272 at $38,510.21. The account's profitability increased (.24%) to $11,310.21, which is a return on invested capital of 41.58%. Over the past week I added to Starwood Property Trust ( STWD ) again because it was close to $17 and yielding over 11%. The combination of reinvesting the generated dividend income and making these investments increased the forward projected annualized dividend income by $15.20 (0.51%) to $3,009.74. The Dividend Harvesting Portfolio has generated $6,...
Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi . If you didn’t receive this directly in your inbox, you can subscribe here , and share feedback with us here . Today, I look at the main reason for the rupee weakness and my colleague P R Sanjai discusses the nascent turnaround taki...
Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi . If you didn’t receive this directly in your inbox, you can subscribe here , and share feedback with us here . Today, I look at the main reason for the rupee weakness and my colleague P R Sanjai discusses the nascent turnaround taking place at Vodafone Idea. Pull Factors Prime Minister Modi has put the Indian economy, weakened by the Iran war and continuing energy crisis , on a low-fat, low-carb diet. But it’s missing one vital element — protein. It’s not enough for Indians to cut back on gold, silver and smartphone imports. Or consume less imported fuel . What the economy needs is higher foreign capital inflows. Without them, the rupee will continue to hit new lows, as it did again today. The pressure on the rupee and the country’s balance of payments is coming squarely from the capital account, JPMorgan India economists led by Sajjid Chinoy said in a recent report. Capital flows have shrunk from an average 2.6% of GDP between 2015 and 2019 period to 1.4% in 2024 and virtually nothing in 2025, according to the report. Most of the deceleration is due to lower net foreign direct investments — from 1.5% of GDP pre-pandemic to 0.1% last year. Incessant selling by foreign portfolio investors is the other big reason. Chinoy and his team make three interesting points: - Over the last 15 years, India’s net FDI flows are strongly inversely correlated with 10-year treasury yields in the US. For instance, when global financial conditions eased in the pandemic, FDI flows into India surged. - The linkage is strongest for repatriated funds and outbound FDI — higher US yields suck back foreign capital. Whereas gross FDI inflows depend more generally on country-specific pull-factors and globally determined push-factors. - India saw pull factors inducing strong FDI between 2005-2010 when the country witnessed a large...
China is stepping up economic engagement with Russia by hosting the 10th edition of a major bilateral expo ahead of Russian President Vladimir Putin’s expected trip to Beijing this week – just days after his American counterpart, Donald Trump, visited there last week. The back-to-back visits to the Chinese capital by two of the world’s most influential leaders highlight an uptick in diplomatic act...
China is stepping up economic engagement with Russia by hosting the 10th edition of a major bilateral expo ahead of Russian President Vladimir Putin’s expected trip to Beijing this week – just days after his American counterpart, Donald Trump, visited there last week. The back-to-back visits to the Chinese capital by two of the world’s most influential leaders highlight an uptick in diplomatic activity as Beijing seeks to stabilise relations with Washington while deepening coordination with...
Birthright citizenship has long been considered a settled issue in the United States. It became the law of the land in 1868 with the 14th Amendment to the Constitution that guaranteed citizenship, due process and equal protection to anyone born in the US. Originally designed to ensure citizenship for slaves brought from Africa, its application was extended to Chinese and other groups in the afterm...
Birthright citizenship has long been considered a settled issue in the United States. It became the law of the land in 1868 with the 14th Amendment to the Constitution that guaranteed citizenship, due process and equal protection to anyone born in the US. Originally designed to ensure citizenship for slaves brought from Africa, its application was extended to Chinese and other groups in the aftermath of the Chinese Exclusion Act of 1882. It was further solidified by the case that Wong Kim Ark...
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Revenue increases 50% over prior year quarter, driven by increase in solar system installations Revenue increases 50% over prior year quarter, driven by increase in solar system installations
Revenue increases 50% over prior year quarter, driven by increase in solar system installations Revenue increases 50% over prior year quarter, driven by increase in solar system installations
Eco Wave Power Global AB (publ) (NASDAQ: WAVE), a leading onshore wave energy technology company (the "Company" or "Eco Wave Power"), announced today that its wholly owned subsidiary, Eco Wave Power U.S. Inc. ("Eco Wave Power U.S."), has joined the NVIDIA Inception program, an initiative designed to support companies advancing artificial intelligence, data processing, simulation, and high-performa...
Eco Wave Power Global AB (publ) (NASDAQ: WAVE), a leading onshore wave energy technology company (the "Company" or "Eco Wave Power"), announced today that its wholly owned subsidiary, Eco Wave Power U.S. Inc. ("Eco Wave Power U.S."), has joined the NVIDIA Inception program, an initiative designed to support companies advancing artificial intelligence, data processing, simulation, and high-performance computing technologies.
PM Images/DigitalVision via Getty Images Altria Group ( MO ) is one of those names that gets dismissed by so many investors due to the industry it's in. There has been every bear case thrown at MO over the years, from legislation to class action lawsuits to the combustible business declining. No matter what, there is always a reason that it won’t do well, yet MO remains a cash cow that has raised ...
PM Images/DigitalVision via Getty Images Altria Group ( MO ) is one of those names that gets dismissed by so many investors due to the industry it's in. There has been every bear case thrown at MO over the years, from legislation to class action lawsuits to the combustible business declining. No matter what, there is always a reason that it won’t do well, yet MO remains a cash cow that has raised its dividend for 56 consecutive years while deploying capital towards its share repurchase program . After going through their Q1 earnings, my conviction on MO has been reinforced, and I remain bullish on this income compounder. MO generates enormous amounts of free cash flow (FCF) from a business with pricing power that would make a SaaS founder jealous. What I believe many investors are overlooking is that MO is rebuilding the next leg of growth in the smoke-free category while the market refuses to give it credit for any of it. MO isn’t for everyone, but if you can look past their products and stick to cash flow, this is still a business that looks enticing despite being up 25.89% over the past year. Seeking Alpha Following up on my previous article about MO I’ve been bullish on MO for a long time, and I am not just jumping on the bandwagon. Since my last article was published last August ( can be read here ), shares of MO are up 18.35%, with a total return of 24.52%. MO has basically matched the market return of 18.13% over this period while exceeding it when the dividend income is factored in. I felt that MO remained a compelling choice for income investors as it offered a 6.6% yield at the time and had raised the dividend for more than 5 decades. The Q2 results exceeded expectations, and the strong performance in smoke-free products with the ongoing buybacks enhanced the value profile in my opinion. While the regulatory risk is always a headwind, I think the cash profile of MO is still compelling, and I am following up with a new article about why I am still bullish o...
AI Agent正在成为越来越多人的“工作搭子”。 今年5月的百度开发者大会上,李彦宏提出,AI时代的度量衡不该是消耗多少token,而是DAA(Daily Active Agents),即每天有多少Agent在给人类交付结果。 这背后是大厂面向普通用户的Agent平台竞赛:字节Coze、百度AgentBuilder、腾讯元器、阿里百炼,几乎每家基座模型厂商都在推广自己的Agent开发平台,希望改...
AI Agent正在成为越来越多人的“工作搭子”。 今年5月的百度开发者大会上,李彦宏提出,AI时代的度量衡不该是消耗多少token,而是DAA(Daily Active Agents),即每天有多少Agent在给人类交付结果。 这背后是大厂面向普通用户的Agent平台竞赛:字节Coze、百度AgentBuilder、腾讯元器、阿里百炼,几乎每家基座模型厂商都在推广自己的Agent开发平台,希望改造人们的工作方式。 另一群人则在AI应用的更深处——进行AI Agent创业。2025年至今,AI Agent接过生成式AI大模型的接力棒,成为创业投资市场最拥挤的赛道。跟投资人讲故事很容易,做出一门能收上钱的生意,却需要穿越无数个“看起来很美”的幻觉。 为此,《豹变》找到了几名AI Agent创业者,探寻Agent创业的现状、机遇和挑战。 AI加持下的又一次创业潮 AIAgent创业潮始于2025年初,Manus率先打开市场,点燃了投资者对工作流变革的想象空间。随后,大厂同类产品迅速跟进,AI Agent成为2025年种子轮投资的流行赛道。 就读于北京某理工类大学的王宇轩也在这个时期尝试创业,他设计了一套Prompt工作流,用来改善AI修图的效果,之后他也一直在寻找合适的AI Agent创业项目;几乎同一时间,另一位创业者韦龙杰创立了法律数据合规AI Agent:阿育法。 Agent创业的火热,是多重因素叠加的结果。 AI编程能力让“造产品”的门槛急剧降低 。 以Cursor、Lovable、Claude Code为代表的“Vibe Coding”工具,让非专业开发者也能快速构建原型,“把产品做出来”变得非常简单。 互联网大厂也为创业大军注入了人才。百度原副总裁景鲲离职后创立MainFunc,推出AI Agent产品Genspark,种子轮即获6000万美元,此后一年半内完成3轮融资、总额超4亿美元,估值达12.5亿美元;钉钉原副总裁王铭2025年10月创立攀峰智能,目前已获数千万融资,其内容电商Agent OS Moras主打一个自动化的选品推荐、脚本生成、数据分析等。 截至2026年初,仅字节离职员工创立的AI公司就已超过30家,阿里通义千问技术负责人林俊旸、字节Seed多位核心骨干也在近期加入创业大军。 这些创业者带着对平台效应和流量运营的理解,试图复刻互联网...
A Hong Kong police chief inspector has admitted accepting more than HK$1.1 million (US$140,463) in cash and gifts from a businessman in exchange for terminating a criminal investigation against him and divulging confidential information about two other cases. Tsuen Wan Court on Monday recorded a guilty plea from Ho Siu-tung, 40, on two counts each of accepting advantages as a public servant and mi...
A Hong Kong police chief inspector has admitted accepting more than HK$1.1 million (US$140,463) in cash and gifts from a businessman in exchange for terminating a criminal investigation against him and divulging confidential information about two other cases. Tsuen Wan Court on Monday recorded a guilty plea from Ho Siu-tung, 40, on two counts each of accepting advantages as a public servant and misconduct in public office over his illicit dealings with Qu Haipeng between August 2021 and January...
US futures swung to slight gains in Monday pre-market trading, erasing overnight losses as oil prices retreated from an earlier surge, and as top semiconductor stocks including Micron Technology Inc. and Nvidia Corp. advanced. Sentiment remained muted, though, with inflation remaining a key concern. S&P 500 futures rose 0.2% as of 8:54 a.m. in New York, while Nasdaq 100 contracts gained 0.6%. West...
US futures swung to slight gains in Monday pre-market trading, erasing overnight losses as oil prices retreated from an earlier surge, and as top semiconductor stocks including Micron Technology Inc. and Nvidia Corp. advanced. Sentiment remained muted, though, with inflation remaining a key concern. S&P 500 futures rose 0.2% as of 8:54 a.m. in New York, while Nasdaq 100 contracts gained 0.6%. West Texas Intermediate crude oil slipped about 1.9% to trade around $103, giving up earlier gains after Iran’s Tasnim claimed the US was said to have proposed a temporary waver on oil sanctions. President Trump on Sunday said the “clock is ticking” after Iranian drones targeted a nuclear power plant in the United Arab Emirates. “With the price of diesel now 62% higher than last April, we expect the repercussions of the energy shock to affect all aspects of consumer behavior, and especially household spending on food,” RSM US LLP chief economist Joseph Brusuelas wrote in a Monday note. He sees near-term inflation of 4.5%, with “risk of a faster pace” depending on whether the Strait of Hormuz stays largely closed. Even so, Viktor Shvets , head of global desk strategy at Macquarie Capital, said that “inflation might not derail equities.” Investors are wrestling with long-term “Information Age”-driven disinflation that’s being “regularly offset by strong inflationary spikes,” Shvets wrote in a note. In merger news, NextEra Energy Inc. was said to be discussing a mostly-stock deal for Dominion Energy Inc. that would value the company at around $66 billion, making it by far the largest power deal on record. Micron stock was gaining early Monday. Investors are watching for labor action at rival Samsung Electronics that could disrupt to memory-chip supplies and further boost prices. With results due later this week, Nvidia Corp. added 1.3%. Walmart Inc., which also reports this week, was little changed. Investors are looking for signals about consumer health as gasoline and other pric...