High-Trend International Group drops 24.18% on US listing

Dropping $1,200 on a brand-new iPhone only to have an Apple Store salesperson casually hand you a $49 silicone case and a $39 charging brick feels like a minor mugging. Yes, Apple’s accessory margins are legendary. The company has built a multibillion-dollar side business selling $19 polishing cloths and $39 plastic dongles, banking on the…

The report also flagged weaker debt-servicing capacity among riskier private firms on floating-rate debt, and noted that some non-traded business development companies capped redemptions after requests jumped.  Private credit borrowers typically carry lower credit quality and higher leverage than borrowers in comparable public markets, the Financial Stability Board said in its May report, pointing to rising payment-in-kind use and default…

This article was written by Follow Ph.D. in chemistry, Masters certificates in International Finance and Program/Project Management. Over 38 years experience in high tech and biotech. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72…

Oil tankers transiting the Strait of Hormuz are coming under fire almost daily, as Iran escalates its attacks in an effort to choke off a rebound in crude exports. Eleven tankers came under attack while transiting Hormuz during the week that ended Oct. 4, the most strikes on commercial ships since the war began in…

Retail investors showed renewed interest in mid- and small-cap mutual funds in June, with both categories individually attracting higher inflows than flexi-cap funds for the first time since December 2023. According to Association of Mutual Funds in India (AMFI) data, mid-cap funds received net inflows of ₹6,090 crore during the month, followed by small-cap funds…

While once known primarily as a platform for short-form videos, TikTok has rapidly transformed into a gaming and e-commerce titan. Now, all signs point to a broader financial services expansion, as the social media platform is reportedly exploring the addition of peer-to-peer (P2P) payments. According to Bloomberg, TikTok is developing a feature that would allow…