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[HONG KONG] Asian equities stabilised on Friday following the previous day’s US bond-fuelled sell-off with traders tracking a slight pullback in Treasury yields as Donald Trump’s signature tax-cutting budget passed a key congressional vote.Worries about the US budget deficit have returned to the fore this week after Moody’s removed its top-tier credit rating and the president pushed ahead with a budget that some suggest will expand the country’s ballooning debt.A tepid auction of 20-year Treasuries on Wednesday ramped up those concerns, dealing a blow to stocks that had just recovered from the April fireworks of Trump’s tariff blitz.Still, risk appetite…
A major power outage hit the area around the French Rivera resort of Cannes on Saturday, the final day of the city’s film festival, though organisers said the closing ceremony would not be affected. The cause of the power cut, which began just after 10:00 am (0800 GMT), was a fire in a substation in the nearby village of Tanneron, probably an arson attack, police sources told AFP, asking not to be named. Grid operator RTE said 160,000 homes had been affected in Cannes and the surrounding area. The festival said it had “switched to an alternative electricity power supply,…
[HONG KONG] The Hong Kong dollar weakened to a near one-year low against the US dollar on Monday (May 19), reversing the strength seen two weeks ago, as falling borrowing costs in the financial hub on the back of flush cash conditions led to a return of carry trades.The loose liquidity conditions come after the city’s de-facto central bank forcefully stepped up intervention at the start of this month to defend the currency’s peg to move within 7.75 and 7.85 per dollar by purchasing greenbacks while injecting local currency.Such an operation effectively swelled the aggregate balance, a gauge of cash…
Video Details Racing legend Mario Andretti joins the First Things First crew to share what makes the Indy 500 so special: “Tradition. Tradition. Tradition.” He notably won the Indy 500 in 1969. 15 HOURS AGO・first things first・4:22
Even if the United States were to impose a 25 per cent tariff on iPhones manufactured in India, the total production cost would still be much lower if compared with manufacturing the devices in the U.S, according to a report by Global Trade Research Initiative (GTRI).This comes amid a statement by U.S. President Donald Trump, threatening to impose 25 per cent tariffs on iPhones if Apple decides to make it in India. However, the GTRI report showed that manufacturing in India remains cost-effective, despite such duties.The report breaks down the current value chain of a $1,000 (roughly Rs. 83,400) iPhone,…
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The Republican-controlled Federal Trade Commission voted Thursday to dismiss a lawsuit against PepsiCo that the previous commission filed in the waning days of the Biden administration.The lawsuit, filed in January, alleged that PepsiCo was giving unfair price advantages to Walmart at the expense of other vendors and consumers. The lawsuit had relied on the rarely enforced 1936 Robinson-Patman Act, which it said prohibits companies from using promotional incentive payments to favor large customers over smaller ones.When the lawsuit was filed, Democrat Lina Khan was the FTC’s chairwoman, and she was joined in support of the lawsuit by Democratic Commissioners Rebecca…
A full year of Peacock Premium is on sale right now for $25 as part of a Memorial Day promotion. This is $55 off the typical price of $80. Just enter SPRINGSAVINGS at checkout. The promotion is live until May 30. This is the ad-supported version.Peacock is a decent platform and made our list of the best streaming services. It doesn’t get the attention of Netflix or Disney+, but it’s home to several nifty original shows. There’s the AI-adjacent tomfoolery of Mrs. Davis and the Rian Johnson-made whodunnit Poker Face. It also airs several video game adaptations, like Knuckles and…
Date: Saturday, May 24, 2025 Time: 12:00 PM Location: Publix Field at Joker Marchant Stadium – Lakeland, FL Admission: FREE | Open to the public LAKELAND, Fla., May 23, 2025 /PRNewswire/ — A CELEBRATION OF LOVE, WELLNESS & COMMUNITY UNITY Join NFL Legend Ray Lewis and over 3,000 attendees for an unforgettable day of unity, wellness, and hope at the 52 Ways of Love: Community Celebration in Lakeland, Florida! 52 Ways of Love: Join Ray Lewis…
Roborock Saros Z70 review: an innovative robot vacuum with a robotic arm that just can’t get a grip MSRP $2,600.00 “The Roborock Saros Z70 is a powerful robot vacuum and mop, but its robotic arm isn’t quite ready for the spotlight.” Pros 22,000 Pa suction Auto-detaching mopping pads Reliable navigation Slim profile Robotic arm is cool (when it works) Cons Robotic arm functionality isn’t great Expensive “Why you can trust Digital Trends – We have a 20-year history of testing, reviewing, and rating products, services and apps to help you make a sound buying decision. Find out more about how…