Hong Kong-based conglomerate CK Hutchison and its sister company, CK Asset, will not hold earnings calls this week due to criticism over a port deal with a BlackRock-led consortium. The companies are facing pressure from Beijing authorities over the deal, which has sparked criticism that neglects national interests and shows a profit-seeking approach. CK Hutchison … Read more
Fund managers have reduced their US equity allocations to the lowest level in history, with cash holdings increasing by 60% over the past five years. A recent Bank of America survey found that the “bull crash” has accelerated, coinciding with past end-of-correction periods. Despite this, positioning is not extremely bearish, and many expect a soft … Read more
A 22-year-old man from Garden Grove, Jack Minh Terry, has been charged with the murder of a California Institute of the Arts student, Emily King. The Los Angeles County District Attorney’s Office is seeking no bail for Terry, citing concerns about his ability to post the statutory $2 million bail. Prosecutor Yasmin Fardghassemi expressed her … Read more
Seasonal allergies can strike anyone, regardless of age. Contrary to the common belief that allergies are a childhood issue, research shows that many people develop new allergies, especially in their 20s, 30s, and 40s. The symptoms may be similar to those experienced by children with allergies, such as sneezing, itchy eyes, and nasal congestion. However, … Read more
Indiana University has hired Darian DeVries, the former head coach at Drake and West Virginia, as its new men’s basketball coach. DeVries will sign a six-year deal with the school, replacing Mike Woodson, who announced his departure in early February. DeVries spent one season at West Virginia before joining Indiana. He led the Mountaineers to … Read more
Nvidia CEO Jensen Huang unveiled the company’s next-generation line of chips, including Blackwell Ultra, Vera Rubin, Feynman, and Quantum-X Photonics chips. The announcements aim to reassure investors on Nvidia’s dominance in the rapidly evolving artificial intelligence industry. The new Blackwell Ultra GPU will feature larger memory, enabling it to support larger AI models. Nvidia also … Read more
Samsung has announced that it will start rolling out its One UI 7 update on April 7th, with the initial rollout targeted at select devices including the Galaxy S24 series, Galaxy Z Fold6 and Z Flip6. However, this update is not a straightforward process as it will be rolled out gradually to other devices. The … Read more
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Nvidia announced new chips at its annual GTC conference on Tuesday, with the goal of meeting the growing demand for artificial intelligence (AI) model deployment. The company revealed Blackwell Ultra, a family of chips shipping later this year, and Vera Rubin, its next-generation GPU expected to ship in 2026. The announcements mark Nvidia’s shift towards … Read more
The US administration’s cuts to funding for AIDS organizations have caused widespread disruptions, leading to the closure of over a third of global HIV service providers within days. This has resulted in hundreds of thousands of people losing access to life-saving treatments, including women and girls missing out on cervical cancer screenings. Modeling suggests that … Read more