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HKG:0020 30 June 2025

China’s rapid advancements in AI – from cutting-edge models to new regulations – made headlines in June 2025.

China’s rapid advancements in AI – from cutting-edge models to new regulations – made headlines in June 2025.

ByteDance launched the Doubao-1.6 multimodal reasoning model and cut AI API prices by over 60% in June 2025. SenseTime unveiled SenseChat upgrades with real-time audio, video, and visual reasoning, including a Cantonese version for Hong Kong. Alibaba’s DAMO Academy and Zhejiang Cancer Hospital announced the DAMO GRAPE AI model for early gastric cancer screening, published June 24 in Nature Medicine.
30 June 2025
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Stock Market Today

  • Jim Cramer's Top 10 Stock Market Watchlist for Friday
    May 3, 2026, 12:13 AM EDT. Jim Cramer outlines 10 key market movers for Friday, May 1. Apple shares rallied on a robust quarterly report and raised guidance, pushing the S&P 500 above 7,200. Brent crude prices dropped amid easing Middle East tensions. Memory firm Sandisk shifted to long-term contracts but saw shares fall despite earnings beats. Morgan Stanley lifted its Arm Holdings target ahead of May 6 earnings, noting new AI-focused CPUs. Chevron's $4.1 billion cash flow beat estimates as did Mastercard's quarter, though Wall Street remained cautious. Reddit gained from strong sales and user growth with multiple price increases. Citi cut Cardinal Health's target slightly but maintained a buy rating, calling the stock pullback an overreaction.

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Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 03.05.2026

3 May 2026
Rivian shares fell 8.4% to $15.02 after first-quarter results beat expectations, as investors focused on cash burn and profitability concerns. Trading volume jumped 78% above average. The company plans to ramp up R2 SUV production in Georgia to 300,000 units annually. Tesla and Lucid Group shares both rose more than 2%.
Vertiv Stock Tests AI Data-Center Rally as VRT Shares Hit Fresh Highs

Vertiv Stock Tests AI Data-Center Rally as VRT Shares Hit Fresh Highs

3 May 2026
Vertiv shares hit a 52-week high Friday before closing at $328.31, following a 30% jump in Q1 net sales to $2.65 billion. The company raised its 2026 outlook and recently acquired Strategic Thermal Labs, expanding its liquid cooling portfolio. Investors await further details at Vertiv’s May 19-20 conference in South Carolina.
AT&T Inc. Raises $6 Billion as 5G and Fiber Bet Enters a Debt Test

AT&T Inc. Raises $6 Billion as 5G and Fiber Bet Enters a Debt Test

3 May 2026
AT&T closed a $6 billion sale of long-dated notes on April 30, with maturities ranging from 2033 to 2066, according to an SEC filing. The company reported first-quarter free cash flow of $2.5 billion, down from $3.1 billion a year earlier, citing higher capital investment. AT&T is preparing to close a $23 billion purchase of EchoStar spectrum licenses. CFO Pascal Desroches said net debt to adjusted EBITDA rose to 2.71 times.
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