Impossiable | Moment | Getty ImagesHong Kong’s government has earmarked 1 billion Hong Kong dollars ($128.67 million) for the establishment of an artificial intelligence research institute.Called the Hong Kong AI Research and Development Institute, the facility will “spearhead and support Hong Kong’s innovative R&D as well as industrial application of AI,” the city’s Financial Secretary Paul Chan said in his budget speech Wednesday.Gary Ng, senior economist at Natixis, sees Hong Kong’s investment in innovation and AI as a positive move.”Hong Kong hasn’t been so good in terms of innovation … like, how to actually create a new product. But ……
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Investors should consider buying shares of Flutter Entertainment ahead of its quarterly results next Tuesday despite recent proposals in New Jersey to almost double taxes on iGaming and sports betting, according to Bank of America. The Wall Street bank reiterated its buy rating on the FanDuel parent, and its $310 price target implies 19% upside from Tuesday’s close. Shares of the gambling company have come under pressure in recent weeks, with the stock falling more than 2% over the past month and more than 4% this week alone. FLUT 1M mountain FLUT, 1-month The move lower has come as New…
Visitors at Amazon Alexa boot during the international electronics and innovation fair IFA in Berlin on September 10, 2019.Nurphoto | Getty ImagesAmazon on Wednesday announced a long-awaited overhaul of its Alexa digital assistant.The revamped service, which Amazon is calling “Alexa+,” is powered by generative artificial intelligence, Panos Panay, the company’s devices chief, said on stage at an event in New York.The company has faced growing pressure to upgrade Alexa since OpenAI released ChatGPT in late 2022, wowing users with its ability to perform complex functions like writing fiction and coding software. Suddenly Alexa and other voice assistants like it began…
Last Friday night, Spain’s women’s team played their first game since Luis Rubiales was found guilty of sexual assault for kissing Jenni Hermoso after the 2023 Women’s World Cup final. Spain came from 2-0 down against Belgium in Valencia with 20 minutes left to win a thrilling game 3-2. Hermoso was not involved, having again been left out of the squad by coach Montse Tome. But she was on the minds of many. Today during Spain – Belgium. A woman and her daughter went to the match to give support to Jennifer Hermoso even if she was not in the call-up.…
Ukraine is nearing a deal to hand over a portion of its revenues from natural resources to the United States, under heavy pressure from the Trump administration.The agreement, in its current form, would not include any explicit security guarantees to deter Russian aggression. The White House has argued that the mere existence of American economic interests should be sufficient for Ukraine, which is facing a harsh reality: The United States wants to be paid in exchange for helping the country fend off an invader.“What better could you have for Ukraine than to be in an economic partnership with the United…
Nvidia reports earnings after the market closes Wednesday. With the possible exception of Tesla , no other stock generates the kind of short-term trading interest Nvidia does. There’s an entire trading ecosystem built around Nvidia now. It is, for example, one of the most actively traded single-stock options in the market. Aside from significant options activity, a large trading ecosystem has also developed around Nvidia in the world of exchange-trade funds. ETFs own more than four billion shares of Nvidia, about 17% of the 24.49 billion total shares outstanding, according to Factset. Not surprisingly, broad market ETFs are the largest holders…
A trader works on the floor at the New York Stock Exchange on March 5, 2024.Brendan Mcdermid | ReutersStocks rose Wednesday, with the S&P 500 trying to snap a four-day losing streak, as investors awaited earnings from market bellwether Nvidia.The S&P 500 traded 0.2% higher, while the Nasdaq Composite added 0.3%. Meanwhile, the Dow Jones Industrial Average lagged, slipping 21 points, or less than 0.1%. Stocks are coming off a weak session. The S&P 500 tumbled 0.5%, and the Nasdaq lost nearly 1.4%. Both benchmarks logged their fourth consecutive losing day. The 30-stock Dow was the outlier, with a roughly…
Charles Liang, CEO of Super Micro Computer, during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesSuper Micro Computer shares rallied 20%% after the AI server company filed its delayed financial results by the Nasdaq’s deadline.The company’s auditor BDO wrote in the filing that the the consolidated financial statements for the fiscal year ending June 30, 2024 “present fairly, in all material respects, the financial position of the Company” and are “in conformity with accounting principles generally accepted” in the U.S.The company also filed audited financial results for the…
Who are the best and toughest front offices to deal with in the NHL? Which owners are known for giving players what they need? What does the league need to do to improve?Asking players these questions can yield some pretty good results, but there are limits to that approach. Players have relatively limited exposure to organizations outside their own. And some shy away from expressing controversial takes — even anonymously.Want an unvarnished opinion on all things NHL? Talk to an agent. Agents often represent several players, whose employers span multiple teams and divisions. They spend their days talking to players, other…
North Miami Beach, Florida, T.J. Maxx & HomeGoods discount department store, furniture display and welcome sign.Jeff Greenberg | Getty ImagesTJX Companies posted a better-than-expected holiday quarter driven entirely by customer transactions, indicating the off-price giant is still taking market share from department stores and other discounters as price-conscious consumers hunt for deals.The discounter behind T.J. Maxx, Marshall’s and Home Goods beat Wall Street’s expectations on the top and bottom lines, but it gave cautious guidance for the current fiscal year and current quarter.For its fiscal 2026, TJX is planning for comparable sales to rise between 2% and 3%, below Wall…
