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The Hang Seng index pulled back slightly after the stronger-than-expected China GDP data.  The blue-chip index retreated by ~0.75% and was trading at H$20,580, which was a few points below this month’s high of H$20,793. It is ~9.17% above the lowest level this year. China GDP data The Chinese economy is firing on all cylinders… Continue reading Hang Seng index pulls back as ANTA Sports stock nosedives

John Wood Group PLC (LON: WG) ended nearly 7.0% up after announcing plans of engaging with Apollo Global Management over a potential takeover. How much is Apollo willing to pay? Earlier this month, Apollo had offered to buy the engineering and consulting company for £1.66 billion that valued each of its share at 240 pence.… Continue reading Apollo may succeed in buying John Wood Group after all

Shares of Roblox Corp (NYSE: RBLX) are down 12% on Monday after the video games company reported a sequential decline in its daily active users. Notable figures in the monthly update The San Mateo-headquartered firm ended March with 66.2 million DAUs versus 67.3 million in February. On a year-over-year basis, though, the metric still came… Continue reading Is Roblox stock a ‘buy’ despite a decline in daily active users?

Alphabet Inc (NASDAQ: GOOGL) is trading down today following a New York Times report that Samsung is considering switching from Google to “Bing” as the default search engine on its smartphones. Here’s what it means for Google If, indeed, Samsung moves ahead with such a shift, it could mean about a $3.0 billion hit to… Continue reading Microsoft Bing may replace Google as default search engine on Samsung phones

Shares of Chipotle Mexican Grill Inc (NYSE: CMG) are already up more than 25% for the year but famed investor Jim Cramer is convinced that they’re not out of room to run just yet. Cramer’s bull case for the Chipotle stock Cramer expects this chain of fast casual restaurants to see continued growth in sales… Continue reading Jim Cramer on Chipotle stock: ‘I like it to go to $2,000’

Apple Inc (NASDAQ: AAPL) is in focus this morning after the tech behemoth launched its much-awaited high yield savings account. Details of Apple’s savings account On Monday, the multinational said its savings account that pays an annual percentage yield of 4.15% is now available to Apple Card users. In comparison, a standard savings account in… Continue reading Apple Inc just launched a high-yield savings account

Prometheus Biosciences Inc (NASDAQ: RXDX) opened about 70% up on Monday after Merck & Co Inc (NYSE: MRK) said it will buy the biotechnology company for $10.8 billion. What’s in it for Merck & Co? The all-cash agreement values each share of Prometheus Biosciences at $200 – over a 75% premium on the price at… Continue reading Biotech stock Prometheus Biosciences opened 70% up today: here’s why

A recently published outlook for stock exchanges in terms of the global scores show the Netherlands is ranked as the world’s most sustainable stock market – the fourth year in a row and Hong Kong is now third after overtaking France. The USA and UK rank 16th and 20th respectively. Morningstar covers 48 stock markets… Continue reading Hong Kong now third most sustainable stock market as US ranks 16th and UK drops to 20th