The market for initial public offerings in Hong Kong is expected to see a significant improvement over the next five years, with George Chan, global IPO leader at EY, expressing optimism about the upcoming trend. Despite recent challenges such as high U.S. interest rates, regulatory scrutiny, slower economic growth, and U.S.-China tensions affecting Greater China
Cybercriminals have found a new way to exploit vulnerable individuals by targeting their emotions through so-called romance scams. These scams involve building a fake relationship and trust with the victim, ultimately leading them to willingly provide access to their accounts or transfer money to the criminal. According to Tracy Kitten, the director of fraud and
It is a common mistake for retirees to overlook the impact of taxes on their retirement savings until they are ready to withdraw funds from their pretax accounts. According to a Northwestern Mutual study, only 3 in 10 Americans have a plan in place to reduce taxes on their retirement savings. One way to minimize
The American Reshoring ETF (RSHO) is a unique exchange-traded fund that focuses on U.S. manufacturing job resurgence. Maurits Pot, the CEO and founder of Tema ETFs, is the mastermind behind this innovative investment vehicle. Pot believes that we are witnessing the early stages of a trend towards deglobalization, with a strong emphasis on job creation,
Constellation Brands recently reported an earnings beat driven by the strength in its beer business. Despite this positive news, the company’s shares fell by 4% following the report. The beer segment of Constellation Brands, which includes popular Mexican brands such as Modelo, Corona, and Pacifico, has been a key driver of growth for the company.
Flight delays can often be frustrating for passengers, especially when the reasons behind them are not clear. However, United Airlines is now taking a proactive approach to keep travelers informed about the causes of delays. United Airlines is now utilizing generative artificial intelligence to provide passengers with live radar maps. These maps, sourced from FlightAware,
Ford reported a 1% increase in sales during the second quarter compared to the same period last year. The growth was mainly driven by a 5% increase in truck sales, with a total of 308,920 vehicles sold in the category. The F-Series, Ford’s flagship truck line, accounted for 199,463 of those sales. This marks the
One cannot overlook China’s dominant position in the global supply chain, especially when it comes to critical minerals like tungsten. The metal, valued for its hardness and energy density, serves as a key material in various industries, ranging from weapons and autos to semiconductors and electric car batteries. Chipmakers like Taiwan Semiconductor Manufacturing Company and
The Florida Panthers, two-time Stanley Cup finalists, have recently announced a significant shift in their television broadcast partnerships. In a move that has raised eyebrows within the hockey community, the Panthers have signed a multiyear deal with E.W. Scripps, a local broadcast station owner. This new agreement will see all locally produced Panthers preseason and
The growth of individual retirement accounts has been on the rise in recent years. According to a report from the Employee Benefit Research Institute, the median IRA balance was $87,000 in 2022, up from $81,144 in 2019. This increase in balances can potentially cause tax issues for retirees and their children who inherit the assets.