The Hang Seng Tech Index continued its strong downward trend this week as some key Chinese technology companies published weak financial results and as mainland Chinese investors continued selling Hong Kong shares. It tumbled to a low of H$5,100, its lowest level since June last year, and is down by over 23% from its highest
Paramount Skydance has prevailed in the high-stakes takeover battle for Warner Bros. Discovery after Netflix declined to match the David Ellison-led group’s improved offer, reshaping the competitive landscape of the global media and streaming industry. Warner’s board determined that Paramount’s $31-per-share all-cash proposal for the entire company was superior to Netflix’s earlier agreement to purchase
US stock index futures were subdued on Thursday as investors weighed strong results from Nvidia against weaker guidance from Salesforce, reinforcing broader questions about whether heavy spending on artificial intelligence will translate into sustainable earnings growth. Futures tied to the Dow Jones Industrial Average were almost unchanged, trading down 9 points or roughly 0.01%, while
Zcash (ZEC) has been navigating a period of consolidation after a sharp pullback from recent highs. The cryptocurrency is currently trading around $244, reflecting a cautious market environment following a 35% decline over the past month. On the charts, ZEC is trading within a descending triangle on the 4-hour timeframe, and it recently broke a
DoorDash stock price remains in a technical bear market after falling by over 40% from its highest level in October last year. DASH was trading at $173, with its market capitalisation falling from over $121 billion to the current $75 billion. So, will the stock rebound or continue the downward trend? DoorDash stock price falls
According to multiple analytics, the cryptocurrency bear market of 2026 is officially here. After months of volatility, the downward trend is clear: Bitcoin has dropped 50% from its highs, and most top altcoins have plunged more than 60%. In the world of crypto, a bear market is usually defined by a price drop of 20%,
Celsius Holdings shares surged Thursday after the energy-drink maker reported fourth-quarter results that exceeded Wall Street expectations, driven by acquisitions and steady consumer demand. The company posted adjusted earnings of 26 cents per share for the quarter, beating analysts’ consensus estimate of 19 cents, according to FactSet. Revenue more than doubled to $721.6 million from
President Trump delivered the longest State of the Union address in modern history, which was just under 1 hour and 48 minutes. He declared that America is “bigger, better, richer and stronger than ever before” and that “the roaring US economy is roaring like never before.” The US president says one thing, the data says
Filecoin (FIL) is showing signs of renewed strength after a recent pullback in its price. The token is currently trading around $1.02, bouncing off key support levels that have historically attracted buyers. This move comes after FIL experienced a short-term correction, which many analysts now view as a healthy retracement after surging to an intraday
Grvt, a privacy-focused decentralized exchange built on its own zero-knowledge appchain using the ZKsync stack, has announced an integration with decentralized lending protocol Aave that allows traders to earn yield on posted collateral while maintaining open trading positions. The company said the feature introduces “composable yield” to perpetual futures trading. Through the integration, eligible collateral