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Hong Kong court jails media tycoon and British citizen Jimmy Lai for 20 years BBCLive Updates: Hong Kong Court Sentences Jimmy Lai to 20 Years The New York TimesSentence for Hong Kong's ex-publisher Jimmy Lai raises concerns as China defends it 10TVHong Kong democracy activist Jimmy Lai sentenced to 20 years in prison for national security offenses NBC News
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Japan's Takaichi to pursue conservative agenda after election landslide NPRJapan's Takaichi secures historic supermajority in landslide election victory cnn.comJapan's 'Iron Lady' thanks Trump as party secures historic supermajority Fox NewsOpinion | Takaichi Rolls to a Landslide Victory in Japan The Wall Street Journal
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The S&P 500's tech sector has seen the smallest increase of any group in its price-to-earnings ratio relative to its 10-year average, DataTrek found.
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The 2025 Patriots season was a success. You can still feel sick about its ending. Boston.comThe Patriots' transient luck was always too good to be true Yahoo SportsPatriots' 2025 season already a success even before Super Bowl Pats PulpitNew England's secret to making excellence a habit in the NFL Diario AS
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It was a choppy start to the short trading week, with stocks spending time in both positive and negative territory Tuesday. Bears gained the upper hand in the afternoon, though, with the three major indexes ending another day in the red.
SEE MORE The ESG Investing Backlash
Although this week's economic calendar is fairly thin, data from the Institute for Supply Management (ISM) this morning showed that activity in the services sector ticked up to 56.9% in August - the highest level since April - from July's 56.7%.
"This is the most recent piece of data to suggest the economy remains resilient and as such the market takeaway is that this gives the Fed more room to continue raising rates," says Michael Reinking, senior market strategist for the New York Stock Exchange. "Futures markets are now pricing in a 75% chance of a 75 basis-point hike later this month from a coin flip late last week." A basis point is one-one hundredth of a percentage point.
In reaction to today's ISM data, the 10-year Treasury yield rose to its loftiest level since mid-June. This, in turn, weighed on shares in the communication services (-1.3%) and technology (-0.6%) sectors, with names such as streaming giant Netflix (NFLX, -3.4%) and chipmaker Intel (INTC, -2.8%) seeing notable declines.
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As for the major indexes, the tech-heavy Nasdaq Composite fell 0.7% to 11,544, its seventh straight loss.
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AI, automation and big data analytics are key themes for Belgian fintech, as innovative companies look to solve common problems in the financial services sector.
Fintech is, broadly, technology that is applied to financial services or the management of transaction operations within businesses. Cloud-based applications that cut costs, streamline work-flow, and visualise data for users are in high demand, says Dave Remue, head of fintech at KPMG Belgium.
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Global stock markets drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift economic comeback from the pandemic, underpinning demand for safe-haven currencies such as the dollar and Japanese yen.
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