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Three Tankers Escape the Strait of Hormuz Before US Blockade Begins

Key Points: Three commercial ships successfully passed through the Strait of Hormuz just hours before the US Navy blockade started. The United States implemented strict naval restrictions around all Iranian coastal areas starting at 10 a.m. New York time. The impending blockade caused at least two other commercial vessels to abandon their journeys and turn...

Meta Expected to Pass Google in Global Digital Ad Revenue by 2026

Key Points: Meta Platforms will likely surpass Google in global digital advertising revenue by the end of 2026. Market research firm eMarketer expects Meta to reach $243.46 billion in ad revenue, compared with Google's $239.54 billion. Meta's growth rate is accelerating to 24.1% this year, while Google remains steady at roughly 11.9%. The big three...

China’s Victory Giant Launches $2.23 Billion Hong Kong Share Sale

Key Points: Victory Giant plans to raise to $2.23 billion in a massive Hong Kong share offering. The printed circuit board maker will use 74% of the new funds to expand its Chinese factories. High-profile cornerstone investors agreed to buy almost $997 million of the newly issued shares. The massive deal tests the strength of...