Stock Market

— Hong Kong’s jobs market in the private sector showed stability in September as employment grew 2.1% year on year, according to data from the Census and Statistics Department. The selected… Source link

The S&P 500 is up 23% this year after a tough performance in 2022 when it fell by 19%. The success of growth stocks has been a key reason why the broad index has been doing so well. And three of the best-performing ones in the S&P this year have been Nvidia (NASDAQ: NVDA), Meta

— Hong Kong reported a balance of payments surplus of HK$16.1 billion for the quarter through September, as against a BoP deficit of HK$90.5 billion in the second quarter of 2023, official data… Source link

Hong Kong stocks opened lower on Tuesday, extending a retreat after last week’s rally as several Federal Reserve officials try to temper expectations… Source link

— Consumer prices in Hong Kong increased 2.6% year-over-year in November, as opposed to the 2.7% year-on-year rise in October 2023, official data showed. Netting out the effects of the… Source link

— Hong Kong’s gross domestic expenditure on research and development or GERD amounted to $30.14 billion in 2022, up 8% from the previous year, according to data from the Census and Statistics… Source link

— Hong Kong stocks gained at the closing of Wednesday’s trade as bets for several rate cuts in 2024 uplifted sentiment. The Hang Seng Index added 0.7%, or 108.81 points, to finish at 16,613.81…. Source link

[Note: RH’s fiscal year 2023 ended January 28, 2023] RH stock, is an upscale home furnishings retailer, which was formerly known as Restoration Hardware Holdings Inc. The company’s stock currently trades at $306 per share, around 59% below its level of $739 seen on August 12, 2021 (pre-inflation shock high), and has the potential for

The stock market was due for a rebound in 2023. The inflation crisis that started in 2021 led to a disastrous 2022, where the S&P 500 (SNPINDEX: ^GSPC) market index fell by 19.4%. And 2023 has delivered a powerful recovery. The S&P 500 is up more than 23% year-to-date, lifted by a stabilizing economy and

There was HKD50.5 million and HKD5.5 million Southbound Trading net inflow to CNOOC (00883.HK) a… Source link

While many retirement accounts offer tax-sheltered ways to save and invest, the IRS mandates accountholders start withdrawing money at a certain point. This takes the form of required minimum distributions (RMDs). Required minimum distributions currently start at age 73 for many retirement accounts. It’s not uncommon to reach an age when the IRS requires you

— The unemployment rate Hong Kong remained unchanged in the September-November period at 2.9%, according to data released by Hong Kong’s Census and Statistics Department on Tuesday. The number of… Source link

Hewlett Packard Enterprise HPE has struck a deal with the University of Stuttgart to build two supercomputers, namely Hunter and Herder, for the university’s High-Performance Computing Center. HPE will assist the center in moving toward exascale computing. The first supercomputer, Hunter, will begin operating by 2025, taking the place of the university’s present supercomputer, Hawk.

Viasat Inc. VSAT recently inked a memorandum of understanding with Safran Data Systems to expedite advancements in Viasat’s InRange rocket telemetry system to cater to the evolving requirements of rocket launch operators. This telemetry system plays a crucial role in collecting and transmitting vital information from a rocket throughout its launch and flight phases. The

Open interest is the total number of futures contracts held by traders at the end of the trading day. A large number indicates investors have a strong desire to keep the contracts, showing the depth of liquidity. 13:54 HKEX CEO Nicolas Aguzin on the future of Hong Kong’s capital market HKEX CEO Nicolas Aguzin on

The stock market has rallied impressively in 2023 thanks to multiple factors such as cooling inflation, the Federal Reserve’s pause on interest rate hikes, a robust U.S. economy, and a solid job market, all of which explains why the Nasdaq Composite index has shot up an impressive 41% this year. The good news is that

President Joe Biden has recently put a spotlight on resort fees, calling on Congress to pass a Junk Fee Prevention Act. This would crack down on various types of “junk fees,” such as service fees for concert tickets, early termination fees for internet service and hotel resort fees. “We’ll ban surprise ‘resort fees’ that hotels

— The Hong Kong stock exchange is canceling the listing of Sansheng Holdings effective Dec. 27, a Wednesday filing said. The move came after the company failed to fulfill the resumption guidance… Source link

The Nasdaq-100 is having an incredible year. It has delivered a gain of 51.9% so far, marking a sharp reversal from 2022 when it plunged into bear territory. But a gain of more than 50% in a single year is incredibly rare. In fact, it has only happened four times since the Nasdaq-100 was established

Despite the ongoing macro uncertainty, several tech stocks had a strong run this year due to generative artificial intelligence (AI)-related tailwinds, expectations of interest rate cuts, and company-specific strengths. However, many investors wonder if there is more room to run. Using TipRanks’ Stock Comparison Tool, we placed Apple (NASDAQ:AAPL), Advanced Micro Devices (NASDAQ:AMD), and Amazon