HSBC shares have rallied more than 30% since Elhedery took the helm, and this month traded shy of a record they reached back in January 2001. HSBC’s current market value is about £156 billion ($202 billion) and Ping An owns about 8%. Should Investors Buy HSBC Stock?
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Nike’s recent financial results reveal a significant downturn, with footwear revenue declining approximately 12% year-over-year in the latest quarter and total revenue falling 9% to $11.27 billion. This decline affected all Nike Brand and Converse geographies, marking a notable setback for the company. The poor performance is particularly striking given Nike’s consistent revenue growth over the past decade, with North American footwear revenue alone reaching $12.23 billion in 2022. This sharp contrast to historical trends indicates substantial challenges in Nike’s core business segments and underscores the severity of the company’s current financial situation
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Microsoft Corp and its ecosystem are projected to generate US$10.9 billion in new revenue for Malaysia by 2028, with 16.9% coming from its hyperscale cloud region. According to IDC research, this initiative is expected to create 37,575 new jobs in Malaysia during the same period, including 5,700 skilled IT roles
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Gold prices remained near record levels, trading about $10 below the all-time high of $3,057.49 per ounce set on Thursday. The precious metal is poised for its third consecutive weekly gain. This surge in gold prices is driven by renewed market instability and growing concerns about an escalation in the US-led trade war. Investors are turning to gold as a safe-haven asset as the White House prepares to announce a new round of tariffs on April 2, although the specific details of these tariffs remain unclear
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Analysts project 8-9% earnings growth for Malaysian stocks in 2025. The FTSE Bursa Malaysia KLCI Index is expected to reach 1,740-1,820 points by end-2025, potentially marking the first consecutive annual gain in over a decade
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South Korea’s export performance showed a significant improvement in early March 2025, with shipments increasing 8.2% year-on-year in the first 20 days, a notable turnaround from February’s 5.9% decline. This recovery is largely attributed to strong performances in key sectors. The automobile industry has been a major contributor, with vehicle exports surging 18% year-on-year to US$6.07 billion in February. The shipbuilding sector has also demonstrated remarkable growth, with exports soaring by 70.8% in November 2024. While semiconductor exports experienced a 3% decline in February, there are indications that this crucial sector may be stabilizing or recovering
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Nvidia has recently forged partnerships across multiple industries, showcasing its expansive influence in AI and technology development. In the tech sector, it’s collaborating with Google and Alphabet on agentic AI and robotics, while partnering with AWS, Microsoft Azure, and Meta for its Dynamo AI inferencing system. In automotive, Nvidia is working with General Motors on AI integration for vehicles and factories. The company is also venturing into telecommunications with T-Mobile and Cisco for 6G networks, and into consulting services with Accenture and Oracle for AI-driven solutions. Additionally, Nvidia is exploring entertainment and research avenues, partnering with Disney and Google DeepMind for advanced robotics development, including Star Wars-inspired droids. These diverse collaborations underscore Nvidia’s pivotal role in driving AI innovation across multiple sectors
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Apple’s AI technology is severely lagging industry rivals, and the company has shown little sign of catching up. The Apple Intelligence platform was late to arrive and largely a flop, despite being the main selling point for the iPhone 16
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NATO is planning to request its European allies and Canada to boost their weaponry and equipment stockpiles by approximately 30% over the next few years, as stated by a high-ranking alliance official. The alliance is currently in discussions to update military capability targets for its members, which were established prior to Russia’s invasion of Ukraine. These new objectives are expected to be finalized and adopted by early June, coinciding with the gathering of NATO defense ministers in Brussels.
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