CICC: Amazon (AMZN.US) reported better-than-expected quarterly results, with high capital expenditure paving the way for a larger revenue pool from AI infrastructure. 富途牛牛
CICC: Amazon (AMZN.US) reported better-than-expected quarterly results, with high capital expenditure paving the way for a larger revenue pool from AI infrastructure. 富途牛牛
The Asian Development Bank (ADB) has launched a new financing facility aimed at strengthening critical mineral supply chains across the Asia-Pacific region, as a global push to loosen China’s chokehold over the sector continues. The initiative is designed to help Asia-Pacific nations move up the critical minerals value chain – moving beyond just mining – by equipping them with the technical capabi...
The Asian Development Bank (ADB) has launched a new financing facility aimed at strengthening critical mineral supply chains across the Asia-Pacific region, as a global push to loosen China’s chokehold over the sector continues. The initiative is designed to help Asia-Pacific nations move up the critical minerals value chain – moving beyond just mining – by equipping them with the technical capabilities to process and recycle the materials, according to the ADB. “Asia and the Pacific should be...
All-Time High 55% Of Americans Say That Their Financial Situations Are Getting Worse Authored by Michael Snyder via The Economic Collapse, Americans were not even this stressed about their financial situations during the Great Recession. As you will see below, a brand new Gallup survey has discovered that 55 percent of Americans believe that their finances are getting worse. That is higher than an...
All-Time High 55% Of Americans Say That Their Financial Situations Are Getting Worse Authored by Michael Snyder via The Economic Collapse, Americans were not even this stressed about their financial situations during the Great Recession. As you will see below, a brand new Gallup survey has discovered that 55 percent of Americans believe that their finances are getting worse. That is higher than any reading that Gallup recorded during the recession of 2008 and 2009, and it is higher than any reading that Gallup recorded during the pandemic. But of course this shouldn’t exactly be a surprise to any of us. We have been in a historic cost of living crisis since 2020, and our standard of living has been steadily deteriorating as the purchasing power of our money has gone down. If you are making the same amount of money as you did at the beginning of this decade, you are in far worse shape financially today. That is just the reality of the time that we are living in. The cost of just about everything has been going up and up and up. As a result, people are more concerned about the economy than anything else. According to Gallup, the percentage of Americans that believe that their finances are getting worse has been rising for five years in a row and is now at the highest level ever recorded … Americans’ financial outlook in 2026 is also historically poor, with a record 55% now saying their financial situation is getting worse. While similar to last year’s 53%, this is up from 47% in 2024 and marks the fifth consecutive year more Americans say their finances are worsening rather than improving. The only similar multiyear period when the larger share felt their financial situation was worsening was during the Great Recession. At this stage, there is no denying the trend that we are witnessing. Gallup found that Americans are particularly concerned about monthly bills, healthcare and retirement … Majorities worry about not having enough money for retirement (62%) and being u...
Tim Robberts Stock index futures were mixed as investors continued to monitor any developments related to the U.S.-Iran conflict. Now, here are 5 news stories that broke overnight to watch out for: OPEC+ moves to raise oil output amid Strait of Hormuz closure: Seven OPEC+ countries have provisionally agreed to increase oil output targets by about 188,000 barrels per day in June, a largely symbolic...
Tim Robberts Stock index futures were mixed as investors continued to monitor any developments related to the U.S.-Iran conflict. Now, here are 5 news stories that broke overnight to watch out for: OPEC+ moves to raise oil output amid Strait of Hormuz closure: Seven OPEC+ countries have provisionally agreed to increase oil output targets by about 188,000 barrels per day in June, a largely symbolic move as the Strait of Hormuz remains closed to shipping due to Middle East tensions, Reuters reported. Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia, and Oman are expected to finalize the decision at a policy meeting scheduled for Sunday. Buffett passes torch to Abel at Berkshire annual meeting: Berkshire Hathaway ( BRK.B ) ( BRK.A ) Chairman Warren Buffett said Saturday that he chose Greg Abel to succeed him as CEO because he’s “very, very smart” about managing businesses. “The world is full of people offering things for you to do. The key is to find the ones worth doing,” Buffett said on the sidelines of the annual meeting, adding that “it isn’t the ideal (environment) for deploying capital.” New Berkshire CEO Abel emphasizes technology push: Berkshire Hathaway ( BRK.A ) ( BRK.B ) CEO Greg Abel reviewed results for the conglomerate’s sprawling businesses at his first annual meeting as CEO, noting that technology , including artificial intelligence, “touches the whole franchise of Berkshire.” Abel emphasized leveraging technology to fuel growth, saying at some point management realized, “We’re going to be a builder of technology, rather than just a buyer of technology.” China blocks U.S. sanctions on oil refiners: China has issued an injunction blocking U.S. sanctions on five domestic oil refiners accused of purchasing Iranian crude, marking a rare escalation in its response to Washington’s enforcement measures. Previously, Chinese firms complied with U.S. sanctions to maintain access to the global financial system, but Beijing now views these as unlawful restri...
AI chipmaker Cerebras Systems, a rival to Nvidia , is scheduled to kick off its IPO roadshow on Monday, with shares expected to be priced between $115 and $125, a source familiar with the matter told Reuters. This marks Cerebras' second attempt to go public after withdrawing a previous IPO filing last October. Cerebras did not immediately respond to Reuters request for a comment.
AI chipmaker Cerebras Systems, a rival to Nvidia , is scheduled to kick off its IPO roadshow on Monday, with shares expected to be priced between $115 and $125, a source familiar with the matter told Reuters. This marks Cerebras' second attempt to go public after withdrawing a previous IPO filing last October. Cerebras did not immediately respond to Reuters request for a comment.
Since Mayor Brandon Scott first took office in 2020, he's fixated on a very visible problem in Baltimore: the tens of thousands of vacant homes that dot the city. It's hard to build new houses when there are so many that sit empty and unused. And the process of tracking down owners, convincing them to sell their vacant properties, and then converting those homes into usable housing supply is a tal...
Since Mayor Brandon Scott first took office in 2020, he's fixated on a very visible problem in Baltimore: the tens of thousands of vacant homes that dot the city. It's hard to build new houses when there are so many that sit empty and unused. And the process of tracking down owners, convincing them to sell their vacant properties, and then converting those homes into usable housing supply is a tall task. In the last few years, the number of vacant homes in Baltimore has dropped from 16,000 to just over 11,800. On this episode — recorded in Madrid while we attended the Bloomberg CityLab conference — we speak to Mayor Scott about deindustrialization, redlining, and gun violence's historical effects on the current housing crisis, how his government identifies, block-by-block, redevelopment opportunities and matches projects with publicly-minded developers, and why Baltimore natives aren't huge fans of The Wire. (Source: Bloomberg)
A local online media outlet has been cleared of tax evasion after a year-long review, but the process still cost HK$40,000 (US$5,106) in accounting fees, the Hong Kong Journalists Association said on Monday. Describing the case as an “unfair punishment” on media with “zero fault”, the association said it had been required to prepay HK$730,000 in taxes this year, after also coming under review by t...
A local online media outlet has been cleared of tax evasion after a year-long review, but the process still cost HK$40,000 (US$5,106) in accounting fees, the Hong Kong Journalists Association said on Monday. Describing the case as an “unfair punishment” on media with “zero fault”, the association said it had been required to prepay HK$730,000 in taxes this year, after also coming under review by the Inland Revenue Department since November 2023. Of the eight media outlets and at least 20...