Chris Lau
Breaking News Writer at CNN
Breaking news reporter at @CNN | Formerly @SCMP | Views are my own
Articles
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3 days ago |
baystreet.ca | Chris Lau
The Nasdaq composite index peaked between December 2024 through late February. Readers may blame tariffs as the catalyst for igniting the Nasdaq’s (QQQ) 18% drop from its high. Conversely, stock markets could have enjoyed unsustainable valuations. The meteoric uptrend that began in late 2022 depended on companies supplying artificial intelligence builders. While Nvidia (NVDA) enjoyed immense growth at that time, H20 chip sales restrictions to China will slow sales.
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3 days ago |
baystreet.ca | Chris Lau
When a Dow Jones firm misses on earnings expectations, look out below. UnitedHealth Group (UNH) lost 23.6 percent of its value last week when it posted first-quarter results. The firm revised its earnings outlook for this fiscal year. UNH increased its 2025 medical cost guidance in its Q1 report. The firm set a medical care ratio of 87.5%, up 100 basis points. CFO John Rex guided higher medical utilization from its senior membership base.
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3 days ago |
baystreet.ca | Chris Lau
Tariffs are all that stock markets and consumers may think of. To avoid its negative impact, investors looked at Netflix’s (NFLX) strong subscription results in its last quarter. NFLX stock closed up by 5.63% last week. The firm posted $6.61 in GAAP EPS on revenue of $10.54 billion (+12.5% Y/Y). It is forecasting a 15% revenue growth for the second quarter. Consumers will likely shield themselves from the reality of inflation through entertainment.
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4 days ago |
cnn.com | Chris Lau
Democratic Party members protest against a proposed goods and services tax on August 20, 2006, a time when such issues were openly discussed in Hong Kong. Martin Chan/South China Morning Post/Getty Images Hong Kong CNN — Hong Kong’s oldest and largest pro-democracy political party is moving to disband as Beijing’s sweeping crackdown on the city leaves even moderate opposition groups with no room to operate.
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5 days ago |
cnnespanol.cnn.com | Chris Lau
CNN — Si la idea de robots compitiendo contra humanos en una carrera de competencia evoca imágenes distópicas de la supremacía atlética androide, no teman, al menos por ahora. Más de 20 robots bípedos compitieron en la primera media maratón humanoide del mundo en China este sábado y, aunque tecnológicamente impresionantes, estuvieron lejos de superar a sus amos humanos en la larga distancia.
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RT @willripleyCNN: “It really shows to the average Myanmar citizen that the U.S. has abandoned them.” USAID staff were laid off days after…
Japan, a country where rice is served in almost every meal, is facing soaring grain prices. The government has to tap into its emergency reserve to auction off stocks to boost supply. But so far, it doesn't seem to be working
Rice crisis: Japan releases strategic reserves to ease prices of nation’s most important food. More from @hkchrislau: https://t.co/mdlmLdRMcr
South Korea will not follow China in fighting back against tariffs imposed by the United States but will engage in negotiations, acting President Han Duck-soo told CNN's @ValerioCNN @imgawonbae @yoonjung_seo and @jessieyeung8 https://t.co/VodjGthnFB