Hong Kong Press Releases

Softbank's American depository receipts (ADRs) rose around 2.5% on Wednesday after the firm indicated it will get additional T-Mobile US (TMUS) shares as part of the acquisition of Sprint.

Tesla's (TSLA) most popular model is reportedly undergoing changes.

With the Christmas shopping season almost over, merchants are preparing for the next stage of the cycle, when consumers begin to send in returns.

Nvidia Corp. (NVDA) stock fell on Friday after the semiconductor company launched a slower gaming processor in China to comply with new US limitations on technology sales to that nation.

In the morning of Friday, shares of Fisker (FSR) increased when the business said that it had delivered 4,700 automobiles in 2023, which was the first year that it had ever delivered vehicles.

Bangkok's exhibition landscape is set for a transformation as Pixelmate Exhibition Co., Ltd., a leader in exhibition booth construction, unveils its innovative approach to trade show displays and stand design.

Warner Bros. Discovery (WBD) and Paramount (PARA) are rumored to be in early negotiations regarding a mega-merger in the entertainment industry.

Carnival Corp. (CCL) stock rose on Thursday after the firm announced record fourth-quarter and full-year revenue and forecasted another great year in 2024.

Paychex (PAYX) was the S&P 500's worst-performing stock on Thursday after the payroll services provider missed revenue projections due to macroeconomic factors squeezing demand.

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.