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24/7 News

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8/21
05:56
The extension, announced in a statement on Friday, aims to give listing candidates, their sponsors, and advisers more time to complete their listings, thereby avoiding repeated refiling of applications.
05:54
Wolfe Research reports that S&P 500 earnings remain exceptionally strong. Of 465 companies reporting Q2 results, 69% beat revenue expectations. Additionally, 64% of firms issuing Q3 guidance exceeded consensus forecasts, marking the highest share since the COVID period. The firm expects adjusted earnings growth of roughly 27% in 2026, which it describes as one of the strongest fundamental outlooks in over 50 years.
05:33
The Wall Street Journal reports that European companies have recorded their best earnings season in years, leading investors to increasingly notice the region's overlooked market value. For example, European banks have seen total shareholder returns, including dividends, outperform the Magnificent Seven over the past four years.
04:51
Samsung SDI said Friday it will sell part of its stake in affiliate Samsung Display worth 4.45 trillion won (US$3.22 billion) to secure funds to invest in future growth businesses. Samsung SDI will sell 13.09 million shares in Samsung Display, or about 33 percent of its current holdings, at 340,000 won per share, to be repurchased by Samsung Display as treasury stock, according to a regulatory filing.
04:29
Strategy's Bitcoin holdings, totaling 840,447 BTC acquired at an average price of $75,385, are now showing an unrealized gain of approximately $1.4 billion, or 2.4%, as Bitcoin's price reached around $77,000. The company's common stock (MSTR) rose 10% in Friday pre-market trading to $120, marking its highest level in two months.
04:17
Bloomberg MLIV analysts and investors on "Bloomberg: The Opening Trade" discussed key themes, with the view that dollar depreciation is sustainable.
04:04
Sun notes that the AI industry, despite anxieties over job losses and rogue AI, was blindsided by the public's strong opposition to data center construction, a trend that was previously uncontroversial and even incentivized by local governments.
04:03
Bloomberg's "Odd Lots" podcast points out that AI industry insiders have been concerned for years about issues such as AI potentially leading to job losses and human extinction, yet they have overlooked the public's strong dissatisfaction with data center construction.
04:03
The record delivery underscores Hong Kong's ambition to become a global hub for precious metals, amidst widening trade restrictions imposed by the United States.
04:02
The European Central Bank's (ECB) Consumer Expectations Survey for July 2026 revealed that median expectations for inflation over the next 12 months decreased to 2.9% from 3.0% in June. Similarly, inflation expectations for three years ahead also fell to 2.7% from 2.8%, while five-year expectations remained unchanged at 2.4%. Perceived inflation over the previous 12 months also declined to 3.5% from 3.6%. Consumers' expectations for economic growth over the next 12 months rose to -1.2% from -1.4% in June, indicating a slight improvement in sentiment. Additionally, expectations for nominal income growth over the next 12 months decreased to 1.0% from 1.1%, and expectations for mortgage interest rates in 12 months' time declined to 4.9% from 5.0%.
03:53
Johannes Loefstrand, a fund manager at T. Rowe Price Group who oversees about $300 million in frontier market assets, is “excited” about the prospects for Africa’s most populous nation. Nigeria’s NGX All-Share Index has outperformed all but one of the 92 benchmark indexes tracked by Bloomberg this year in dollar terms, trailing only South Korea’s Kospi Index.
03:38
Blockchain analytics firm Lookonchain monitored that Garrett Jin's (@GarrettBullish) 1,268 BTC ($97 million) long position, held for over 3 months, is now back in profit. The position was previously down over $22 million and is currently showing an unrealized profit of over $500,000 as Bitcoin continues to rise.
03:19
South Korean shares closed higher on Friday, with the benchmark KOSPI rising 60.37 points to 6,912.95. Investors pinned their hopes on large-scale shareholder return programs from the country's two biggest chipmakers, Samsung Electronics and SK Hynix. Additionally, the Korean won strengthened against the U.S. dollar.

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