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Robinhood $HOOD is rolling out its desktop trading platform, Robinhood Legend, to UK users starting Wednesday. https://t.co/VaBn7jZakL
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Moody’s U.S. 🇺🇸 downgrade has triggered Hong Kong’s 🇭🇰 10% cap on Treasuries for MPF pension funds, per Reuters. The regulator is urging managers to prep compliance plans and rebalance portfolios.
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Vail Resorts $MTN CEO Kirsten Lynch has stepped down, with Executive Chair Rob Katz returning as chief executive. Katz, who led the company from 2006 to 2021, takes over as skier visits dip 3.1% YTD. Vail reaffirmed its FY25 EBITDA outlook, expecting results in the lower half of its March forecast.
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SHEIN TARGETS HONG KONG IPO AFTER UK PLANS STALL — Reuters reports Shein is now aiming to file a draft prospectus in Hong Kong within weeks after failing to secure Chinese regulatory approval for a London listing. The fast-fashion giant still hopes to go public this year.
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EXXON IN TALKS TO SELL MOST OF ITS FRENCH BUSINESS — $XOM has entered exclusive talks to offload its 82.89% stake in Esso SAF to North Atlantic France SAS. The deal, expected to close in Q4 pending approvals, marks another step in Exxon’s broader exit from France.
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Ahead of WWDC, Apple $AAPL says it stopped $2B in fraudulent transactions, rejected 1.7M risky apps, and shut down 146K dev accounts last year
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A record 71% of EU firms say China’s weakening economy is their biggest challenge, ahead of US-China tensions (47%), per EU Chamber survey. Only 12% expect profitability to improve, and 73% say doing business got harder. https://t.co/HP7XIRFTuS
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TAIWAN REVISES 2025 GDP FORECAST TO +3.10% FROM +3.14%; TAIWAN PRELIM 1Q GDP RISES 5.48% Y/Y; EST. +5.40%
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SAUDI AI GIANT HUMAIN TO LAUNCH $10B VC FUND — Backed by the $940B Public Investment Fund, Saudi Arabia’s new AI firm Humain is in talks with OpenAI, xAI, and A16Z, per FT. It’s targeting 7% of global model training by 2030 and has inked $23B in deals with $NVDA, $AMD, AWS, and $QCOM.
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WMO says there’s an 80% chance the world sees another record hot year by 2030, with at least one year likely to top 2024 — the hottest on record. Temps are projected to run 1.2°C to 1.9°C above pre-industrial levels, raising risks of extreme weather and economic disruption. https://t.co/ExDitkk6IS
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One in five CEOs at top 50 carmakers stepped down over the past year, as EV disruption, Chinese competition, and tariff risks shake up the industry, per FT. CEO turnover now outpaces other sectors, with Stellantis, Volvo, Nissan, and Lucid all making leadership changes. https://t.co/oNSpt5jvMD
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Apple's $AAPL iPhone shipments from India to the US jumped 76% in April to 3 million units, while shipments from China dropped 76% to just 900,000, per Omdia via CNBC.
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Opera $OPRA unveils AI-powered browser “Neon,” built to code websites, fill forms, and handle tasks like trip bookings. It runs cloud-based agents so tasks continue offline. Currently waitlisted, Neon will be subscription-based.
https://t.co/GzNj74Lxmk
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Reportedly Apple’s $AAPL testing 200MP camera sensors for future iPhones, aiming to close the gap with Samsung, which has used 200MP sensors since 2023. The upgrade could improve zoom and image quality, but rollout will likely begin with Pro models.
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Telegram’s raising at least $1.5B in a new bond deal, pricing at 9%, with backing from firms like Citadel and BlackRock. This comes as CEO Pavel Durov faces charges in France. Despite legal heat, Telegram hit $540M profit in 2024 on $1.4B revenue and now has over 1B monthly users https://t.co/gRA9pwX4R5
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