Hong Kong Press Releases

Karuna Therapeutics (KRTX) shares increased by more than 46% after Bristol Myers Squibb (BMY) announced a $14 billion acquisition of the biopharmaceutical company to extend its neuroscience portfolio.

Rocket Lab USA (RKLB) stock soared after the satellite launch business said it had acquired a $515 million federal contract.

The stock of Intel (INTC) rose on Tuesday after the Israeli government handed the semiconductor company $3.2 billion in incentives for a $25 billion chip manufacturing factory.

ICC (Imagine Creation Combinator), the innovative enterprise focused on the forefront of Web3 gaming, successfully hosted the ICC Camp opening ceremony and a special event on Web3 gaming during the Hong Kong Web3.0 Entrepreneurs Conference and the Web3.0.

Affirm Holdings (AFRM) stocks increased 15% on Tuesday after the payment network announced an expansion of its buy now, pay later (BNPL) connection with Walmart (WMT).

The partnership occurred because RedVilla wanted Strategic Diversification and Stithulf was facing liquidity issues

From December 20th to 21st, ICC (Imagine Creation Combinator) will host a special event on Web3 gaming and the opening ceremony of ICC Camp during the Hong Kong Web 3.0 Startup Summit, Hong Kong Web 3.0 Security Summit, and Web 3.0 Annual Ceremony.

GM (GM) stock increased by more than 6%. Thursday after it announced employment cuts at its autonomous car branch, Cruise, in the aftermath of an accident that forced authorities to shut down the robo taxi service.

Costco (COST) shares rose more than 4% to a new high in early trading Friday after the company reported fiscal first-quarter earnings that above analysts' forecasts, as shoppers flocked to Costco's food and other items in quest of cheaper pricing.

Palantir Technologies Inc. (PLTR) stock rose on Friday after the data analytics and artificial intelligence (AI) software company obtained a one-year extension of its existing four-year US Army deal for up to $115.04 million.

Stanley Black & Decker Inc. (SWK) stated on Friday that it is selling its attachment and handheld hydraulic tool businesses to Sweden-based mining equipment company Epiroc AB in order to focus more on its main line of products.

Ulta Beauty (ULTA) shares increased by more than 10% following the company's announcement of third-quarter results that exceeded expectations and an increase in guidance that expressed optimism for the upcoming holiday season.

In early trading on Friday, Dell Technologies (DELL) shares fell about 5% as the personal computer manufacturer continued to struggle with the sluggish recovery of that market following a surge in demand during the pandemic.

On Friday, UiPath Inc. (PATH) shares increased by over 25% following the company's third-quarter earnings report significantly surpassed the expectations of analysts.

Shares of Spotify Technology (SPOT) experienced a remarkable surge of over 7% during early trading on Monday. The popular streaming music service made a significant move to reduce expenses by implementing workforce reductions.

Mizuho Securities boosted its price target and upgraded General Motors Co. (GM) stock on Monday, citing several catalysts that the company believes would increase GM's value. GM stock gained ground as a result.

Uber Technologies (UBER) shares rose over two percent Monday to a more than two-year high after S&P Dow Jones Indices announced that the company will be included in the S&P 500 Index—a move that could sustain the stock for much longer than a 1 day

Nokia (NOK) American depositary receipts (ADRs) plummeted more than 5% in early trade Tuesday, while Ericsson (ERIC) jumped 1.6% after AT&T (T) selected Ericsson for a $14 billion agreement to update its cellular network.

Synchrony Financial (SYF) stock soared after the consumer finance company announced the sale of its Pets Best Insurance Services unit to Poodle Holdings.

Amazon announced it sold 1 billion products in 11 days of prolonged promotional discounts. The record-breaking Black Friday sales occurred despite the activist movement Make Amazon wages's "biggest ever global strike" on Friday

On Wednesday, during intraday trading, the shares of Cigna Group (CI) and Humana Inc. (HUM) saw a precipitous decline after a rumor that the two enormous health insurance firms would combine their operations.

SoFi Technologies (SOFI) will discontinue its crypto services on December 19. Existing accounts will have the option of migrating to the Blockchain.com platform or being closed and liquidated at that time, subject to a few restrictions.

Amazon (AMZN) is establishing an artificial intelligence (AI) skills training program to assist employees in developing critical skills as organizations face an AI talent shortage.

Assignment tasks and projects are pivotal in academic learning, allowing students to apply theoretical concepts to given scenarios and enhancing their analytical and problem-solving skills.

ICC Camp (Imagine Creation Combinator Camp), an accelerator focused on the Web3 gaming ecosystem, announces its official launch today, with key strategic support from the Asia Blockchain Gaming Alliance (ABGA) and Web3Labs.

Housing Market Group's Remarkable Journey in Revolutionizing Real Estate Hong Kong, November 2023 – Housing Market Group, a pioneer in software and digital marketing solutions for the real estate industry, is continually reshaping property dealings in...

Best Buy (BBY) stock fell after the electronics retailer's revenues fell and it reduced its outlook due to a slowdown in consumer spending.

Ford (F) is decreasing projected output at a new $3.5 billion electric vehicle (EV) battery factory in Michigan due to declining EV demand, the company's attempts to cut costs, and labor costs related with the new United Auto Workers (UAW) contract.

Nvidia (NVDA) shattered analyst forecasts for third-quarter financials after the bell Tuesday, with adjusted profits per share (EPS) and sales more than doubling from the prior-year quarter, as the AI market continues to heat up.

NetEase Exceeds Analyst Expectations in Q3 Earnings Report, But Stock Falls On Thursday, Chinese video game publisher and internet services provider

Datadog (DDOG) has had a tumultuous few months, with DDOG stock fluctuating significantly.