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ICE Raids in Beef Country Raise Fears of Higher Prices

Sep 25, 2026

Cattle industry groups in Texas, Oklahoma and Kansas and two Republican senators said the Trump administration’s immigration enforcement actions were hurting operations.

Diesel prices exceed £2 a litre at hundreds of forecourts across Scotland

Sep 25, 2026

Man City found guilty of breaking financial rules

Sep 25, 2026

Mark Zuckerberg Is Trying Something On

Sep 25, 2026

U.N. Releases New List of Companies It Says Do Business With Israeli Settlements

Sep 25, 2026

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Sep 25, 2026

Distributor of Recalled Meat Worked for Years Without Proper Permits

Star Meat Delivery did not complete the requirements necessary to process food, the Agriculture Department said.

Sep 25, 2026

Why a U.S. Diesel Export Ban May Not Lower Prices

Sep 25, 2026

Sunkist Fruit Gems, Staple Candy of Bar Mitzvah Tradition, Are Discontinued

Sep 25, 2026

Save or Overpay? What to do with your mortgage if interest rates rise

Sep 25, 2026

Xi Jinping Didn’t Bring a CEO Entourage. What That Says About China-US Relations.

Interesting Read

Appeals court rules that states can regulate Kalshi’s sports prediction markets, dealing another legal blow to platforms

The decision is the second in less than a month by an appeals court that states have a role in regulating sports-related event contracts.

Sep 25, 2026

Stocks making the biggest moves midday: Akamai Technologies, Genius Sports, People Inc & more

These are the stocks posting the largest moves midday.

Sep 25, 2026

Here's who attended the Trump-Xi state dinner

U.S. President Donald Trump hosted a dinner Thursday for Chinese President Xi Jinping.

Sep 25, 2026

Adding a Child to Your Car Insurance? Here Are Ways to Hold Down the Costs.

Unlike health insurance, a parent’s auto policy has no age limit on when a child has to be removed. But it’s good to know the options.

Sep 25, 2026

Stocks making the biggest moves premarket: Akamai, Synopsys, Nike & more

These are the stocks posting the largest moves premarket.

Sep 25, 2026

HK stocks weighed down by bond and war uncertainties

Asian markets were mixed on Friday after recent oil price surges as US and Japanese bond yields hit multi-year highs with no clear end in sight to the Middle East war. In Hong Kong, the benchmark Hang Seng Index fell 251 points, or one percent, to end the day at 24,510 on turnover of HK$102.2 billion. The tech index was 49 points, or 1.1 percent, lower at 4,311 while the China Enterprises Index sank 100 points, or 1.2 percent, to 8,165. In Tokyo, the Nikkei rose for a fifth straight session to be up 850 points, or 1.3 percent, to 66,364, driven by gains in AI-related companies and as investors bought ahead of a Monday deadline ⁠to qualify for mid-term dividends. The broader Topix climbed 53 points, or 1.31 percent, to 4,128. A two-month extension of a trade truce between the United States and China left several issues unresolved, analysts said, shifting lingering risks into the future. Oil prices eased slightly, with Brent crude shedding 0.8 percent after spiking more than three percent on Thursday to extend previous gains. Global stocks had mostly fallen on Thursday, as the benchmark US 10-year Treasury yield rose to its highest level since 2007, and the 30-year yield reached its highest since 2004. Japan's 10-year yield also reached a fresh 30-year high on Friday. "Bond yields are bouncing around like a see-saw," Kathleen Brooks, research director at XTB, wrote in a note. "There is no clear direction for markets," she said, listing unknown factors such as "are we in a bond crisis or not"? and "Is the Iran war getting worse or is the situation improving"? "While these questions remain unanswered, volatility will continue to dominate, especially in the commodity and bond markets," Brooks said. (AFP & Reuters) Edited by Aaron Tam

Sep 25, 2026

Over half of bank customers opt for AI: survey

More than half of local bank customers use artificial intelligence to assist their financial planning, a survey has shown. The survey, conducted by the Hong Kong Institute of Bankers (HKIB) in August, interviewed 400 customers who had invested in financial products or insurance policies. Among the customers who opted for AI, most of them used it as a tool to study market trends and conduct personal financial assessments, the survey found. However, customers would still rely on human service when it comes to complex and long-term financial decisions. Regarding customer services, 41 percent of respondents said they would accept it if AI handled simple issues, but they would still look for human staff for complex matters. Speaking at the HKIB Annual Banking Conference on Friday, the institute’s CEO Carrie Leung said customer expectations were evolving rapidly with the adoption of AI. “The message is clear: customers are not choosing between AI and human expertise. They expect the best combination of both,” she said. “Therefore, the question is not simply whether AI will replace people. It is how we use AI responsibly together with human judgment to deliver better outcomes and preserve trust.” Speaking at the same event, Deputy Financial Secretary Michael Wong said the government attaches great importance to Hong Kong’s status as an international financial centre. Wong said Hong Kong is the world’s leading offshore renminbi business hub, with 75 percent of global offshore renminbi payments being processed through the territory. He said a number of measures have been proposed in the Policy Address to provide banks with a more stable and lower cost source of renminbi funds. Wong also said the SAR aims to build a commodity trading ecosystem, with gold as a starting point. He highlighted the city’s advantages to become a place that provides storage, trading, clearing and settlement services for gold and other commodities. Edited by Aaron Tam

Sep 25, 2026

Crypto platform Bitget suspects North Korea is responsible for $352 million hack

Sep 25, 2026

Hang Seng Index retreats amid bond selloff

Asian shares held their nerve on Friday as a relentless bond selloff pushed longer-dated US yields to two-decade highs, raising borrowing costs worldwide and threatening lofty equity valuations. In Hong Kong, the benchmark Hang Seng Index opened down 237 points, or 0.96 percent, at 24,523. The tech index was 42 points, or 0.99 percent, lower at 4,318 while the China Enterprises Index fell 93 points, or 1.13 percent, to 8,172. With mainland and South Korean bourses closed for the autumn festivals, the Nikkei in Tokyo opened up 125 points, or 0.19 percent, at 65,639 before climbing strongly to be 807 points higher at one stage before lunch. Risk assets are being squeezed by a dramatic selloff in global bonds, as inflation worries and fiscal strains push investors to demand ever-higher returns particularly on long-dated debt. "The world's bond markets are screaming, and ignoring it could prove very expensive," said Nigel Green, chief executive of deVere Group, a financial advisory firm. "Once risk-free rates sit above five percent in the world's largest economy, every asset on the planet has to justify its price against that. Equities, property, private credit, emerging market debt – nothing's immune." The benchmark 10-year Treasury yield rose one basis point to 5.1915 percent, having surged 20 bps in just two days to a new 19-year peak of 5.2251 percent. That was the biggest two-day gain since April last year when Trump's Liberation Day tariffs spooked markets. Thirty-year US bond yields climbed two basis points to 5.4805 percent, having surged 16 bps over the past two days to hit 5.5016 percent, the highest since 2004. That lifted US mortgage rates to seven percent, hamstringing the housing market. Asian bonds extended the global selloff, with Japan's 10-year government bond yields up four bps to 3.115 percent, the highest since 1996. Australia's 10-year government bond yields also rose four bps to 5.408 percent. There was no respite at the short end of the Treasury curve either. Fed funds futures now imply a 71 percent chance of another rate hike next month, up from about 53 percent earlier this week, and more than 90 basis points of tightening still to come this cycle, equivalent to almost four quarter-point hikes. The US 2-year yields were steady at 4.9035 percent, having jumped 16 bps this week to hover near a two-year high. The Fed's return to rate hikes last week is rippling across global markets. As inflation pressures intensify, smaller central banks are shifting to a more hawkish stance, with Norway's Norges Bank raising rates on Thursday and Sweden's Riksbank signalling it was likely to follow suit by the year end. (Reuters) Edited by Aaron Tam

Sep 25, 2026

China’s Truce With Trump Buys It Valuable Time

Easing tensions with Washington gives Beijing room to tackle economic troubles at home while reducing its vulnerability to American pressure.

Sep 25, 2026

CNN and CBS Resume White House Coverage After Standoff

Crews from CBS and CNN covered two events on Friday with President Trump and the Chinese leader, Xi Jinping.

Sep 25, 2026

The World Needs Better Power Grids. Why Smaller May Be Better.

Jonas Birgersson, a Swedish entrepreneur, wants to use decentralized networks modeled on the internet to transform how electricity is distributed.

Sep 25, 2026

Trump and Xi exchange warm words at state dinner but little progress on key issues

Despite diplomatic niceties and gifts, little was shared on substantial issues separating the leaders.

Featured News

ICE Raids in Beef Country Raise Fears of Higher Prices

Diesel prices exceed £2 a litre at hundreds of forecourts across Scotland

Man City found guilty of breaking financial rules

Mark Zuckerberg Is Trying Something On

U.N. Releases New List of Companies It Says Do Business With Israeli Settlements

Latest News

Distributor of Recalled Meat Worked for Years Without Proper Permits

Why a U.S. Diesel Export Ban May Not Lower Prices

Sunkist Fruit Gems, Staple Candy of Bar Mitzvah Tradition, Are Discontinued

Save or Overpay? What to do with your mortgage if interest rates rise

Xi Jinping Didn’t Bring a CEO Entourage. What That Says About China-US Relations.

Interesting Read

China’s Truce With Trump Buys It Valuable Time

CNN and CBS Resume White House Coverage After Standoff

The World Needs Better Power Grids. Why Smaller May Be Better.

Trump and Xi exchange warm words at state dinner but little progress on key issues

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Sir David Beckham nets £38.5m after World Cup ad deals

Fed Faces Prospect of Another Interest Rate Increase Just Before Midterm Elections

Africa's richest man helps fund $660m fuel pipeline between Ethiopia and Djibouti

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