(RTTNews) - The China stock market on Wednesday snapped the two-day winning streak in which it had gained more than 35 points or 0.9 percent. The Shanghai Composite Index now sits just above the 3,860-point plateau although it may see renewed support on Thursday. The global forecast for the Asian markets is positive on optimism over the outlook for interest rates. The European and U.S. markets wer...
(RTTNews) - The China stock market on Wednesday snapped the two-day winning streak in which it had gained more than 35 points or 0.9 percent. The Shanghai Composite Index now sits just above the 3,860-point plateau although it may see renewed support on Thursday. The global forecast for the Asian markets is positive on optimism over the outlook for interest rates. The European and U.S. markets were up and the Asian bourses figure to follow that lead. For the day, the index slipped 5.84 points or 0.15 percent to finish at 3,864.18. The Shenzhen Composite Index rose 8.17 points or 0.34 percent to end at 2,433.12. The lead from Wall Street is upbeat as the major averages opened in the green and stay that way all day, ending near session highs. The Dow jumped 314.67 points or 0.67 percent to finish at 47,427.12, while the NASDAQ rallied 189.10 points or 0.82 percent to end at 23,214.69 and the S&P 500 gained 46.73 points or 0.69 percent to close at 6,812.61. The strength on Wall Street came as traders seem to have shrugged off the valuation concerns that recently weighed on the markets and dragged the NASDAQ and the S&P 500 down to their lowest levels in over two months. The markets have recently benefited from renewed optimism about the outlook for interest rates; CME Group's FedWatch Tool indicates the chances the Fed will lower rates by another quarter point next month have soared to 82.9 percent from just 30.1 percent a week ago. In economic news, the Commerce Department released a long-delayed report showing new orders for U.S. manufactured durable goods increased more than expected in September. Also, the Labor Department saw an unexpected dip by first-time claims for U.S. unemployment benefits last week. Crude oil prices rose on Wednesday as doubts were cast on the possible success of the new U.S. proposal to end the Russia-Ukraine war. West Texas Intermediate crude for January delivery was up $0.61 or 1.05 percent at $58.56 per barrel. Closer to home, China will...
Key Points ADW Capital initiated a new stake in Driven Brands, buying 4,000,000 shares in the first quarter. The quarter-end value of the position was $50.44 million. This trade represented a 21.9% change in 13F reportable assets under management (AUM). 10 stocks we like better than Driven Brands › On May 15, 2026, ADW Capital Management disclosed a new position in Driven Brands (NASDAQ:DRVN), acq...
Key Points ADW Capital initiated a new stake in Driven Brands, buying 4,000,000 shares in the first quarter. The quarter-end value of the position was $50.44 million. This trade represented a 21.9% change in 13F reportable assets under management (AUM). 10 stocks we like better than Driven Brands › On May 15, 2026, ADW Capital Management disclosed a new position in Driven Brands (NASDAQ:DRVN), acquiring four million shares in a trade estimated at $56.31 million based on quarterly average pricing. What happened According to a Securities and Exchange Commission (SEC) filing dated May 15, 2026, ADW Capital Management reported a new position in Driven Brands, acquiring 4,000,000 shares. The estimated value of the trade was approximately $56.31 million, calculated using the average closing price for the quarter. At quarter-end, the position was valued at $50.44 million, reflecting both the purchase and price movement. What else to know Top five holdings after the filing: NYSE: APG: $60.06 million (26.2% of AUM) NASDAQ: DRVN: $50.44 million (22.0% of AUM) NYSE: GFL: $42.14 million (18.4% of AUM) NASDAQ: STGW: $31.45 million (13.7% of AUM) NYSE: CODI: $29.48 million (12.9% of AUM) As of May 14, 2026, Driven Brands shares were priced at $12.54, down nearly 30% over the past year and well underperforming the S&P 500, which is instead up about 25%. Company overview Metric Value Revenue (TTM) $2.4 billion Net income (TTM) ($192.7 million) Market capitalization $2.1 billion Price (as of market close May 14, 2026) $12.54 Company snapshot Driven Brands offers automotive services including paint, collision repair, glass replacement, vehicle repair, car wash, oil change, and maintenance, as well as distribution of automotive parts and consumables. The firm operates through a mix of company-operated, franchised, and independently-operated stores, generating revenue from direct services, franchise fees, product distribution, and training services. It serves retail and commercial cust...
國安處起訴55歲男子 涉立法會選舉期間發布煽動意圖訊息 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】警方國安處落案起訴一人煽動。 案件在西九龍裁判法院提堂。被告是一名55歲男子，他涉嫌在前年及去年立法會換屆選舉...
國安處起訴55歲男子 涉立法會選舉期間發布煽動意圖訊息 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】警方國安處落案起訴一人煽動。 案件在西九龍裁判法院提堂。被告是一名55歲男子，他涉嫌在前年及去年立法會換屆選舉期間多次製作及發布具有煽動意圖訊息的紙張，煽動他人引起對國家根本制度、特區的憲制秩序、行政、立法或司法機關的憎恨或藐視或對其離叛，他被控兩項「出於煽動意圖作出一項或多項具煽動意圖的作為」罪。
South Korean stocks rallied after Samsung Electronics Co. reached a tentative deal with its labor union, defusing the threat of an imminent strike at the world’s largest memory chipmaker. The benchmark Kospi jumped as much as 6.4% Thursday with Samsung shares surging nearly 7%. Peer SK Hynix Inc. gained as much as 8.4%. Korea Exchange briefly halted program trading on Kospi and small-cap Kosdaq af...
South Korean stocks rallied after Samsung Electronics Co. reached a tentative deal with its labor union, defusing the threat of an imminent strike at the world’s largest memory chipmaker. The benchmark Kospi jumped as much as 6.4% Thursday with Samsung shares surging nearly 7%. Peer SK Hynix Inc. gained as much as 8.4%. Korea Exchange briefly halted program trading on Kospi and small-cap Kosdaq after futures soared. Chip-related stocks were also boosted by stronger-than-expected results from Nvidia Corp. Korean shares had retreated in the past two sessions as higher yields hurt tech sentiment and as a looming walkout at the nation’s biggest company cast a pall over Samsung shares. Read more: Samsung Reaches 11th-Hour Deal With Union to Avoid Strike “The tentative agreement between labor and management is positive news from the perspective of reducing uncertainty,” said Ha SeokKeun , chief investment officer at Eugene Asset Management. “In addition, Nvidia’s earnings call once again highlighted that AI-driven memory demand — particularly for high-bandwidth memory (HBM) and advanced DRAM — remains exceptionally strong.” Thursday’s rally was driven by local investors, while global funds extended their selling streak. Foreign investors reduced more than $25 billion worth of Kospi members in May through Wednesday, largely driven by profit taking of the two chipmakers after their shares more than doubled this year. Korean stocks are the world’s best performer for 2026, with a more than 80% gain as AI-driven demand fuels the memory chip boom. “The labor strike matters, but global investors are far more focused on US yields, FX volatility, and the broader AI cycle,” said Jung In Yun , chief executive officer at Fibonacci Asset Management Global in Singapore. “Korea’s semiconductor sector remains fundamentally strong due to global AI infrastructure demand.”
Just_Super/E+ via Getty Images Solid Cybersecurity Capabilities in the Cloud and AI Era In a world that has been increasingly moving to the cloud and is also getting increasingly digitized and complex by the rampant proliferation of artificial intelligence, corporations today are faced with a more vicious and dynamic set of security and networking challenges that often end up overwhelming the quit...
Just_Super/E+ via Getty Images Solid Cybersecurity Capabilities in the Cloud and AI Era In a world that has been increasingly moving to the cloud and is also getting increasingly digitized and complex by the rampant proliferation of artificial intelligence, corporations today are faced with a more vicious and dynamic set of security and networking challenges that often end up overwhelming the quite dated and fragmented solutions of legacy app-based options or those provided by older-generation cloud security providers. Q4-26 presentation Netskope, Inc. ( NTSK ), a Santa Clara-based cybersecurity specialist (that was founded around 14 years ago) and a proponent of a unified cloud and AI-native platform (Netskope One), likes to be seen as a panacea that can not only help mitigate these new security challenges but also prop up the digital experience of its clients (under archaic cybersecurity solutions, clients would have had to make compromises on security to get an experience boost, and vice versa). Rather than depending on a static rules-based framework to cope with an unpredictable and fluid threat environment, NTSK’s offerings leverage built-in machine learning models and are able to assess threats much faster and provide more granular and contextual intelligence. Investors should also consider that NTSK’s ability to offer a highly efficient and accessible suite of solutions is further buttressed not by relying on third-party cloud hosts but through its own NewEdge private cloud network, which consists of 125 full-compute edge data centers from 80 different regions (enables an SLA of 99.99%). Q4-26 presentation All in all, I don’t feel that investors should have too many qualms about Netskope’s credibility in this space, as independent technology research corporations, such as Gartner and Forrester, already view this company as one of the leading authorities in SASE (Secure Access Service Edge)-based platforms. Put another way, NTSK is best-in-breed when it comes ...
Just_Super/E+ via Getty Images Solid Cybersecurity Capabilities in the Cloud and AI Era In a world that has been increasingly moving to the cloud and is also getting increasingly digitized and complex by the rampant proliferation of artificial intelligence, corporations today are faced with a more vicious and dynamic set of security and networking challenges that often end up overwhelming the quit...
Just_Super/E+ via Getty Images Solid Cybersecurity Capabilities in the Cloud and AI Era In a world that has been increasingly moving to the cloud and is also getting increasingly digitized and complex by the rampant proliferation of artificial intelligence, corporations today are faced with a more vicious and dynamic set of security and networking challenges that often end up overwhelming the quite dated and fragmented solutions of legacy app-based options or those provided by older-generation cloud security providers. Q4-26 presentation Netskope, Inc. ( NTSK ), a Santa Clara-based cybersecurity specialist (that was founded around 14 years ago) and a proponent of a unified cloud and AI-native platform (Netskope One), likes to be seen as a panacea that can not only help mitigate these new security challenges but also prop up the digital experience of its clients (under archaic cybersecurity solutions, clients would have had to make compromises on security to get an experience boost, and vice versa). Rather than depending on a static rules-based framework to cope with an unpredictable and fluid threat environment, NTSK’s offerings leverage built-in machine learning models and are able to assess threats much faster and provide more granular and contextual intelligence. Investors should also consider that NTSK’s ability to offer a highly efficient and accessible suite of solutions is further buttressed not by relying on third-party cloud hosts but through its own NewEdge private cloud network, which consists of 125 full-compute edge data centers from 80 different regions (enables an SLA of 99.99%). Q4-26 presentation All in all, I don’t feel that investors should have too many qualms about Netskope’s credibility in this space, as independent technology research corporations, such as Gartner and Forrester, already view this company as one of the leading authorities in SASE (Secure Access Service Edge)-based platforms. Put another way, NTSK is best-in-breed when it comes ...
A Hong Kong migrant workers’ group has urged authorities to expand a pedestrian area in Central on Sundays, as a section of a landmark garden that serves as a popular gathering spot for domestic helpers will temporarily close for the construction of a pedestrian underpass. The subway is part of the tender requirements for a Central harbourfront site secured by developer Henderson Land Development....
A Hong Kong migrant workers’ group has urged authorities to expand a pedestrian area in Central on Sundays, as a section of a landmark garden that serves as a popular gathering spot for domestic helpers will temporarily close for the construction of a pedestrian underpass. The subway is part of the tender requirements for a Central harbourfront site secured by developer Henderson Land Development. It will run below Statue Square Gardens and connect the Central MTR station at Chater Road to the project site. Advertisement According to a paper submitted to the Central and Western District Council last December, the developer proposed temporarily closing part of the garden during the construction of the underpass, citing the complexity and risks involved. The works, which will also improve the garden’s facilities – including accessible passageways and public toilets – are expected to start early next year at the latest and be completed in four years. Advertisement The Asian Migrants’ Coordinating Body said on Wednesday that the closure would significantly affect domestic helpers, for whom the garden was a vital social hub on Sundays, their typical rest day.
A former top beauty make-up influencer who has made a whirlwind return to social media after disappearing from view has called on her fans to place their trust in her. The influencer, who previously used the handle @chengshian and had a combined 30 million followers on several leading platforms in China, stopped releasing videos in May 2023, news website Sina reported. She returned to the spotligh...
A former top beauty make-up influencer who has made a whirlwind return to social media after disappearing from view has called on her fans to place their trust in her. The influencer, who previously used the handle @chengshian and had a combined 30 million followers on several leading platforms in China, stopped releasing videos in May 2023, news website Sina reported. She returned to the spotlight on May 13 by opening a new account @Jiang Chenglan, which is her real name. She then amassed 10 million followers in 24 hours. Advertisement In her first video, Jiang said that her absence from the internet for the past three years was because of a dispute with her former agency Shanghai Jin Jia Company. Jiang Chenglan, above, has a massive following on mainland social media. Photo: Handout “My previous online alias, chengshian, belongs to this agent and has been registered as a trademark by them. The social media account under this name and the linked online shops are therefore not related to me any longer,” Jiang said in the viral clip.
As the war in Iran disrupts global oil and chemical supplies, China’s coal-heavy energy sector is seizing an unprecedented opportunity. Dannie Peng visits the Changji Hui autonomous prefecture in Xinjiang – one of the country’s four major bases for large-scale, modern coal-chemical production – to see first-hand how a vast industrial ecosystem is rapidly taking shape on the ground. A four-hour dri...
As the war in Iran disrupts global oil and chemical supplies, China’s coal-heavy energy sector is seizing an unprecedented opportunity. Dannie Peng visits the Changji Hui autonomous prefecture in Xinjiang – one of the country’s four major bases for large-scale, modern coal-chemical production – to see first-hand how a vast industrial ecosystem is rapidly taking shape on the ground. A four-hour drive northeast of Urumqi, the regional capital of Xinjiang, leads to a colossal open-pit mine. There, a fleet of electric, autonomous mining trucks moves with silent, clockwork precision, self-navigating the terrain and hauling mountains of overburden to distant stockpiles. This is one scene in a larger transformation unfolding across the Gobi Desert . In China’s far west, futuristic and green technologies are modernising coal mining and maximising the resource’s potential through chemical processing. Advertisement The scale of the infrastructure is immense. The world’s highest-voltage power line already carries electricity from the region to eastern China, while work is under way on the country’s biggest pipeline to transport coal-derived natural gas from northern Xinjiang to developed eastern cities. The Zhundong National Economic and Technological Development Zone sits upon coal reserves that – by weight – far surpass the oil riches of the Persian Gulf. A giant national energy and chemical hub is rapidly taking shape. Advertisement The zone, situated on the southeastern edge of the Junggar Basin in Xinjiang’s Changji Hui autonomous prefecture, is a gargantuan undertaking. Spanning three counties and covering a planned 15,500 sq km (5,984 square miles), the zone stretches 220km (137 miles) from east to west, carving a massive industrial footprint into the arid landscape.