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The Clearing House and the Tokenized Deposit Gambit
The recent announcement by The Clearing House regarding a shared tokenized deposit network is less about technological innovation and more about a defensive maneuver to protect the $6.6 trillion in deposits currently at risk from stablecoin encroachment. While individual banks have been busy launching …
Tesla's Model Y Loses China's Top Spot to Geely
This article first appeared on GuruFocus. Tesla Inc. (TSLA, Financials), the electric vehicle maker, lost the top spot among China's best-selling car models as lower-priced local competitors continue to gain ground. Warning! GuruFocus has detected 5 Warning Signs with TSLA. Is TSLA fairly valued? …
Is Tencent Holdings (SEHK:700) Fully Priced Following Its Latest Results?
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Tencent Holdings (SEHK:700) is back in focus after reporting second quarter 2026 results, with …
Which Financial ETF Is the Better Buy: iShares' European EUFN or ProShares' Leveraged UYG?
Key Points iShares MSCI Europe Financials ETF offers broad exposure to developed European markets at a lower cost than the leveraged ProShares alternative. ProShares - Ultra Financials uses 2x daily leverage, which creates significantly higher price volatility and resulted in a steeper maximum drawdown. …
Chinese tech giant Tencent’s Q2 profit down as AI push builds
Shenzhen-based Tencent is the developer and operator of China's multifunctional app WeChat (Hector RETAMAL) Chinese tech firm Tencent posted quarterly net profit Wednesday that was short of expectations, as the gaming and advertising giant looks to monetise its heavy investment in artificial intelligence. Shenzhen-based …
Standard Chartered venture Anchorpoint begins Hong Kong dollar stablecoin rollout
Aug 12 (Reuters) - Standard Chartered's joint venture Anchorpoint Financial said on Wednesday it had begun the first phase of the rollout of its Hong Kong dollar-backed stablecoin, offering limited access to institutional distributors and professional investors. The stablecoin, called HKD At Par (HKDAP), …
TENCENT ANNOUNCES 2026 SECOND QUARTER RESULTS
Substantial Progress towards Building a New, AI-empowered Tencent at Intelligence, Application and Infrastructure Levels HONG KONG, Aug. 12, 2026 /PRNewswire/ -- Tencent Holdings Limited (HKEX: 00700 (HKD Counter) and 80700 (RMB Counter), "Tencent" or "the Company"), a world-leading Internet and technology company in China, …
Zhu Rongji, Chinese Premier Who Overhauled Economy, Dies at 98
(Bloomberg) -- Zhu Rongji, who as China's premier pushed through reforms at state-owned companies that cost tens of millions of workers their jobs, and who helped engineer China's entry into the World Trade Organization, has died. He was 98. Most Read from Bloomberg Phoebe …
Boyd Group Services Inc. Reports Second Quarter 2026 Results
Delivering Strong Sales Growth, Margin Expansion and Accelerated Synergy Realization Second Quarter 2026 Highlights Sales increased 29.9% to $1,013.7 million Adjusted EBITDA1 increased 44.9% to $135.9 million, with Adjusted EBITDA margins1 expanding 140 basis points to 13.4% New locations contributed $211.3 million to revenue, …
HSBC Continental Europe: Pre Stabilisation Notice
PARIS, Aug. 12, 2026 (GLOBE NEWSWIRE) -- KBC Group NV HSBC (contact: syndexecution@noexternalmail.hsbc.com) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with the Market Abuse Regulation (EU/596/2014). The securities: Issuer: …