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Federal Reserve Chairman Jerome Powell said in a speech in Congress on Tuesday that the central bank does not need to rush to cut interest rates further. On the remarks, the rate-sensitive Nasdaq failed to turn around on Tuesday, and stayed feeble throughout the day, closing 70 points or 0.4% lower at 19,643. The S&P 500 clo...
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The market did not take into account US President Donald Trump's imminent announcement of a 25% tariff on steel and aluminum. The three major US stock indexes prospered on Monday. The DJIA closed 167 points or 0.4% higher at 44,470. The S&P 500 closed 40 points or 0.7% higher at 6,066. The Nasdaq outperformed the three m...
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HK-listed Chinese telecoms boomed. CHINA MOBILE (00941.HK) surged 2.2% to $77.15; CHINA UNICOM (00762.HK) shot up 2.7%; and CHINA TELECOM (00728.HK) rallied 3.7% to $5.34.Kaiyuan Securities released a report stating that DeepSeek had briefly suspended last Thursday (6th) its API service recharge due to server resource crunch. On...
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The Weibo of XIAOMI-W (01810.HK) smart glasses has been switched on. Chinese media quoted a digital blogger as reporting that the Xiaomi AI glasses, which have been authorized to enter the network, will be released in February.Xiaomi AI glasses had been originally slated for release in March to April, which is now planned to bri...
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The EU is planning to use its "anti-coercion instrument" as a retaliatory measure against US tech companies over US President Donald Trump's threat of tariffs on the EU, the Financial Times reported.This measure includes revoking intellectual property and commercial rights such as software downloads and streaming s...
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