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Showing posts with the label investing business news

Innovation and fresh strategy keys to lifting battered retail sector in Hong Kong

Those who manage to stay ahead when the market and consumer behaviour are changing fast stand a better chance of thriving Continuous 2 to 3 per cent growth in the economy makes Hong Kong the envy of many in the world. It looks even more remarkable considering the city was among the hardest hit by the coronavirus pandemic just a few years ago. Yet there is no shortage of indicators reflecting the challenges facing some local industries. The disturbing decline in retail sales is one of them. Official data showed the city's retail sales dipped for the 12th straight month in February, falling by 13 per cent year on year to a total value of HK$29.4 billion for the month. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. The sharper-than-expected decline was attributed to th...

U.S. Stocks Roar Back: Investors Look Overseas

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Concerns over trade tariffs and economic conditions caused the S&P 500 and Nasdaq Composite to experience their most challenging quarters since 2022, leading certain investors to seek opportunities abroad as a result of this downturn. The Trump administration’s inconsistent rollout of a tariff fight With the U.S.'s largest trading partners experiencing changes, analysts are adjusting their predictions for economic expansion downward and increasing their projections for inflation. The technology sector that propelled stock indices to record levels is now losing momentum. This shift has investors concerned. big and small have been moving their bets to Europe—where new expenditure plans might revitalize an sluggish economy—and further abroad. On Monday, the market experienced significant fluctuations as it has been facing intense pressure over recent weeks. Following a worldwide sell-off during the night, U.S. equities started off substantially down but recovered sign...

Warren Buffett's Fortune Soars $25 Billion as Berkshire Shares Rocket Upward

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The stock market has experienced a volatile beginning to 2025, with key indices like the S&P 500 showing significant fluctuations. S&P 500 while the Nasdaq Composite slips into correction territory with numerous recently popular stocks experiencing significant drops. However, renowned investor Warren Buffett And his massive holding company, Berkshire Hathaway (BRK-A) (BRB-B), hasn't been experiencing the same difficulties. Buffett’s wealth surged over $25 billion in 2025, as reported by Bloomberg, due to an approximately 18 percent rise in Berkshire Hathaway’s share price this year. This growth has propelled him ahead of Microsoft founder Bill Gates. list of the globe's wealthiest individuals . Berkshire stocks rise as investors worry Berkshire has seen profits despite growing investor concerns over the situation. tariffs implemented during the Trump administration This will affect the economy. As of late March, the technology-focused Nasdaq had drop...

This Tech Stock Could Be a Knockout Buy Post-Nasdaq Correction, Say Wall Street Pros

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The tech-heavy Nasdaq-100 The index has dropped over 10% from its peak last month, though it had fallen as much as 13% during early March. The U.S. stock market experienced widespread selling due to historically high valuations combined with growing concerns and uncertainties regarding tariffs, potential trade conflicts, and broader economic conditions, leading many investors to adopt a cautious stance towards risk. However, traditionally, the U.S. stock market has invariably rebounded from its declines to reach even higher peaks, making corrections generally excellent times for purchasing. Numerous top-tier stocks experienced significant drops over the past few weeks — including some of these: Netflix (NASDAQ: NFLX) , which had dropped by up to 18% from its highest point, and currently trades around 8% lower than that peak. Where should you put your $1,000 investment at this moment? Our analysis team has just disclosed what they consider to be t...

U.S. Steel and Nippon Boost Investment Bid to Seal Deal With Trump Officials, Reports Semafor

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(GudangMovies21) - Nippon Steel and U.S. Steel are currently negotiating a deal aimed at maintaining their $14 billion merger and ensuring additional investments worth billions of dollars from the Japanese company into Rust Belt plants, according to a report by Semafor on Thursday. During recent discussions with White House representatives, Nippon proposed raising its previous offer of $2.7 billion for upgrading U.S. steel plants to potentially as high as $7 billion, according to the report, which sources close to the situation informed. Nippon Steel chose not to comment, whereas U.S. Steel did not promptly reply to GudangMovies21's request for comment. On Monday, Nippon Steel’s president, Tadashi Imai, informed journalists that his firm, being Japan's leading steel producer, along with U.S. Steel, would keep engaging in talks with the American government aimed at finalizing an accord regarding the conditions for purchasing shares and outlining prospective investmen...

U.S. Steel and Nippon Boost Investment Bid to Seal Deal With Trump Officials, Reports Semafor

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(GudangMovies21) - According to Semafor’s report on Thursday, Nippon Steel and U.S. Steel are currently negotiating a deal aimed at maintaining their $14 billion merger. This agreement could also lead to additional significant investment from the Japanese company into industrial sites located in the Rust Belt region. During recent discussions with White House representatives, Nippon proposed boosting its earlier offer of $2.7 billion for upgrading U.S. steel plants up to potentially $7 billion, according to the report, which referenced individuals aware of these talks. Nippon Steel and U.S. Steel did not promptly reply to GudangMovies21's request for comments. On Monday, Nippon Steel’s president, Tadashi Imai, informed journalists that both Japan's largest steel producer and U.S. Steel will keep discussing with the U.S. administration to finalize an accord regarding the equity acquisition as well as forthcoming investment strategies. In February, U.S. President ...

Alibaba Heads China's "Fantastic Ten" Set to Challenge the Magnificent Seven, Report Reveals

Despite the challenges faced by the Magnificent Seven stocks in finding traction during 2025, China’s acclaimed Terrific Ten have continued to perform well, as stated in a report from Barron's. The Fantastic Ten includes Alibaba Group ( NYSE: BABA ), Tencent ( OTCPK:TCEHY ), Meituan ( OTCPK:MPNGF ), Xiaomi ( OTCPK:XIACF ), JD.com ( NASDAQ: JD ), NetEase ( NASDAQ: NTES ), Baidu ( NASDAQ: BIDU ), BYD, Geely ( OTCPK:GELYF ) and SMIC. The emergence of DeepSeek DEEPSEEK The report shows that ) illustrated how artificial intelligence models can now be created at lower costs, which has sparked a surge in technology investments in China.KraneShares CSI China Internet ETF ( NYSEARCA: KWEB ) that includes many of the stocks from the Terrific 10, possesses jumped 24% so far this year. In the meantime, the Roundhill Magnificent Seven ETF ( BATS: MAGS ) has declined 12% . YT Boon, who leads the thematic inv...

Saudi Aramco Eyes Investment in Indian Refineries, Sources Reveal

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By Nidhi Verma NEW DELHI (GudangMovies21) – Saudi Aramco is negotiating potential investments in two proposed refineries in India, as the global leader in oil exports seeks a consistent avenue for its crude in what is currently the quickest expanding developing economy worldwide. Multiple Indian sources privy to these discussions have stated this information. India, the world's third-biggest oil consumer and importer, wants to become a global refining hub as Western companies cut crude processing capacity in their shift to cleaner fuels. In the meantime, Saudi Arabia’s portion of India's oil imports has decreased because refineries that have spent billions on improving their facilities are broadening their raw material sources to take advantage of more affordable options, such as those coming from Russia. Separate discussions are underway for Aramco to invest in BPCL’s upcoming refinery project in Andhra Pradesh, located in the south, as well as in an ONGC refine...

Chinese Consumers Signal Spending Surge: Companies See Rebound

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Major online retailers have seen more robust year-over-year revenue increases during the final quarter of 2024, signaling a rebound in spending growth — though this still hasn’t reached pre-pandemic standards. Nevertheless, the financial reports from specific businesses indicate robust consumer expenditure in specialized sectors, with firms like Laopu Gold and Pop Mart experiencing a significant uptick in sales. The competition continues to be intense in specific sectors like coffee and tea. BEIJING — The most recent financial statements from Chinese firms suggest a boost in consumer expenditure; however, this doesn’t yet equate to reaching the levels seen before the pandemic. In recent weeks, both major e-commerce companies Alibaba and JD.com reported that their retail operations in China experienced accelerated year-over-year revenue growth during the final quarter of 2024 compared to the same period in 2023. "We believe that the growth in consumptio...

Wall Street Bankers Saw Bonuses Soar 31% in 2024: See Their Eye-Popping Earnings

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Topline According to figures released on Wednesday, Wall Street bankers experienced a bonus increase of over 30% last year. statement From New York State Comptroller Thomas DiNapoli, adding to an all-time high bonus pool boosted by robust performance from Wall Street in 2024. Key Facts Last year, average bonuses in New York City's securities sector surged by 31.5%, reaching $244,700, as per an annual estimation provided by DiNapoli. The combined projected bonus pool amounted to an impressive $47.5 billion as mergers and acquisitions spiked over the past year, indicating a significant rise of 34% compared to 2023 figures and representing the highest sum documented since records began in 1987. The increase in bonuses occurred as Wall Street's earnings climbed by 90% in the previous year, aligning with the stock market's peak performance where the S&P 500 hit an all-time high. Nasdaq Along with various technology shares ...

Whitney Wolfe Herd says her need for external validation stopped her from following her instincts. Now she’s back as Bumble’s CEO with a ‘fresh mindset’: ‘I don’t care if people like me’

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Good morning! PBS and NPR are providing testimony regarding public broadcasting's status. federal funding , Customers of 23andMe are requesting deletion of their data, and Whitney Wolfe Herd has returned as the CEO of Bumble—regardless of public opinion. - The love company. Last week, I met up with Whitney Wolfe Herd. It was her first day back at work as CEO of Bumble, 14 months since she stepped down from the position. Although Wolfe Herd has consistently shared insights about her business and sector, she opened up even more during this conversation. The firm has faced challenging times, which she fully acknowledges. In late 2023, Wolfe Herd handed over the role of CEO to ex-Slack leader Lidiane Jones, and things have not gone smoothly since then. Currently, Bumble’s stock price stands at $4.71. Additionally, Generation Z seems to be distancing itself from online dating platforms, leaving many users disillusioned due to unsuccessful matchmaking experi...

Profit 33,36% Tahunan: Harga Emas Antam Hari Ini Turun Drastis (22 Maret 2025)

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gudangmovies21.CO.ID - Sabtu (22 Maret 2025), harga emas Hari ini Antam 24 karat di Logam Mulia mengalami penurunan harga sebesar Rp 15.000 per gram, yaitu dari harga semulaRp 1.779.000 per gram menjadi Rp 1.764.000 per gram. Adapun harga buy back Hari ini harga Logam Mulia turun Rp 15.000 per gram, berkurang dariRp 1.630.000 per gram menjadi Rp 1.615.000 per gram. Oleh karena itu, perbedaan antara harga jual emas dan harga buyback saat ini adalah Rp 149.000 per gram. Sejauh ini, Antam telah mengimplementasikan dua jenis harga untuk produk logam mulia mereka: harga jual emas serta harga pembelian balik. buyback ). Tonton: Harga Emas Antam Terjun Bebas Hari Ini (22 Maret 2025) Ringkasan Penting: Harga untuk Logam Mulia 24 karat Antam hari ini adalah Rp 1.76 juta. 4.000 per gram. Harga beli kembali emas An...

Konglomerat Besar Berebut Beli Saham saat IHSG Turun: Dari Prajogo hingga Boy Thohir

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Beberapa konglomerat dan pejabat tinggi memanfaatkan momen ketika Indeks Harga Saham Gabungan alias IHSG anjlok dengan melaksanakan pembelian saham. Di hari Selasa, tanggal 18 Maret, IHSG turun sebesar 6%, sehingga Bursa Efek Indonesia alias BEI harus menerapkan penghentian sementara perdagangan atau dikenal juga sebagai trading halt pada waktu tersebut. Dalam situasi penurunan nilai saham tersebut, banyak konglomerat serta Direktur dan Komisari beberapa perusahaan membeli langsung saham di pasar modal. Tindakan pembelian ini mencerminkan keyakinan mereka pada kondisi ekonomi Indonesia secara umum dan performa perusahaan tertentu. Prajoko Pangestu, orang terkaya urutan pertama di Indonesia, dikenal telah memperoleh sejumlah besar saham dari PT Barito Renewable Energy Tbk (BREN) pada saat Indeks Harga Saham Gabungan (IHSG) sedang mengalami penahanan perdagangan atau trading halt. Transaksi tersebut melibatkan pembelian 1,77 juta saham BREN dengan rata-rata harga beli mencapai R...

SmartBiz Is First Fintech to Become Bank Under Donald Trump

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(gudangmovies21) -- SmartBiz became the first financial-technology firm to receive regulatory approval to be a bank since President Donald Trump took office in January, a regulatory signal that other fintechs could also get the green light to cement their footholds in the financial-services industry. The Office of the Comptroller of the Currency and the Federal Reserve Bank of Chicago approved SmartBiz’s acquisition of Northbrook, Illinois-based Centrust Bank NA, SmartBiz said in a statement Monday. It’s the first time a fintech company has become a bank since 2021, during Trump’s first term as president. It’s been rare for a fintech to win regulatory approval to become a bank, with none receiving approval under President Joe Biden and only a few successfully obtaining charters before that. LendingClub Corp. and SoFi Technologies Inc. are among the few. The process of becoming a bank, either by buying an existing institution or applying for a new charter, can be time-consumi...

Tesla Stock Sinks as Another Company Flags Elon Musk's Sales Struggles

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Topline Tesla's stock declined further on Monday despite the overall market shedding its correction status, with the company’s shares—led by the globe’s wealthiest individual, Elon Musk—experiencing pressure. further pressure From Wall Street as Musk becomes increasingly intertwined with the White House. Key Facts Tesla shares fell approximately 5% to reach $238 each by the latter part of Monday, marking a disappointing beginning to the week following its closing price on Friday. lowest end-of-week level from the week prior to the election. Tesla's decline occurred amid an overall upturn, with the S&P 500 rising by 1%, following its 2.1% increase from the previous day and poised for its best closing point in ten days. According to FactSet data, Tesla was the lowest-performing stock among approximately 100 S&P stocks with a valuation of $100 billion or more on Monday. The decline occurred as Musk’s compan...

US Stocks Climb as Investors Juggle Economic Data and Trump Policies

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By Chuck Mikolajczak NEW YORK (gudangmovies21) – U.S. stocks rose amid volatile trade on Monday, following four consecutive weeks of losses for both the Nasdaq and S&P 500 indices. Investors evaluated recent economic reports to determine how they reflect the effects of President Donald Trump’s policy initiatives. Retail sales rebounded marginally in February, but fell short of expectations, reflecting the increasing uncertainty over tariffs and large-scale firing of federal government employees. A separate report showed factory activity in New York State plummeted this month by the most in nearly two years. "The only signs of a bounceback in spending from January's weather-induced slump, and stocking up ahead of tariffs, was in online spending," said Brian Jacobsen, chief economist at Annex Wealth Management in Menomonee Falls, Wisconsin. Mood frequently fails as an accurate indicator of expenditure, yet the positive feelings that sustained consumer sp...

Trump Ally Pledges $5 Billion Investment in Britain

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The major American technology company established by One of Donald Trump’s most prominent wealthy supporters was a billionaire. has pledged to invest £3.9 billion in Britain. Over the course of the next half-decade, Larry Ellison’s Oracle announced plans to enhance its data center infrastructure and facilitate increased adoption of artificial intelligence among various enterprises through this significant investment. Mr. Ellison, who ranks as the world’s fifth wealthiest individual with a net worth of $169 billion, established the firm back in 1977 and currently holds the positions of executive chairman and chief technology officer at the company. He has strongly supported Mr. Trump and is also a close associate of Elon Musk, having previously served on Tesla's board and invested in the tycoon's acquisition of Twitter. Mr. Ellison was involved in a $100 billion "Stargate" artificial intelligence initiative that was unveiled on Mr. Trump's first fu...

Warren Buffett's Berkshire: Selling U.S. Stocks? Here’s Where the Money Is Going Now

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On Monday, Warren Buffett’s company, Berkshire Hathaway, announced an increase in its holdings of shares in Japan’s top five trading firms. This development suggests that investors may want to consider looking for opportunities beyond the American stock market at this juncture. Berkshire increased its stake in Itochu, Sumitomo, Marubeni, Mitsubishi, and Mitsui as revealed by regulatory documents on Monday, boosting its positions to fall within the range of 8.5% to 9.8%. In July 2019, Buffett began purchasing shares in the five trading firms, and last month, the Oracle of Omaha stated in a letter to shareholders that Berkshire was expected to increase its stakes in these Japanese corporations. Increasing its stake in Japan might indicate that Buffett sees potential for worthwhile investments outside of the U.S. Over the last month, U.S. stocks have declined due to concerns that President Donald Trump’s tariffs might lead to an increase in inflation and hinder economic gro...

Where Will Bitcoin Be Decade From Now?

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Over the past ten years, the S&P 500 (SNPINDEX: ^GSPC) has generated a total return of 224%. Although this represents a notable increase, Bitcoin (CRYPTO: BTC) Has performed significantly better. Since mid-March 2015, the leading cryptocurrency globally has surged an astounding 29,690% (as of March 12). Even though the ride has been unpredictable with numerous price drops similar to what we're experiencing now, the top cryptocurrency has proven to be an excellent creator of wealth for investors. However, the question remains: Where will Bitcoin be in 10 years? Where should you put your $1,000 investment at this moment? Our analysis team has just disclosed what they consider to be the 10 best stocks to buy right now. Learn More » Going mainstream Bitcoin has traveled quite a path to arrive at its present status as a $1.6 trillion asset. ...

The Era of Hands-Off Investing Is Over for Many Americans

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For many years, Yoram Ariely refrained from touching most of his investments, choosing instead to navigate the fluctuations of the stock market. However, last Tuesday, he reached his limit. The 82-year-old sold off nearly half of his stock holdings due to concerns over President Trump’s economic policies, particularly the impact of tariffs. There might be further reductions in his portfolio as well. "The choices are shifting every day," stated Ariely, a former business proprietor from Longboat Key, Florida. The disorganized combination of tariffs and federal spending reductions under the Trump administration has alarmed numerous ordinary investors, causing them to doubt the strategy of passively buying and holding onto stocks. The S&P 500, known for providing difficult-to-match returns, slipped into correction territory this past week as Wall Street expressed concern about the state of the economy. sliding toward recession . During the initial two week...