Anuj Rathi named next HSBC Mutual Fund CEO

A Pennsylvania grandfather spent years creating a private backyard amusement area for his grandchildren, complete with a go-kart track, waterslide and vintage carousel. His latest project, a restored roller coaster called The Tidal Wave, has run into local zoning rules because the township code does not specifically allow such a structure. A court has sent…

South Korea’s KOSPI fell nearly 2% as semiconductor stocks declined ahead of Nvidia’s earnings, reflecting investor caution over AI investment returns. Samsung Electronics and SK Hynix led losses, while foreign investors sold heavily. The won strengthened modestly, and 10-year government bond yields eased, despite the index retaining strong year-to-date gains.

Shein Global Holdings Ltd.’s fast-fashion niche supports a valuation of $22 billion to $25 billion, Bloomberg Intelligence said, putting a fresh marker on one of the biggest questions surrounding the retailer as it prepares for one of the year’s biggest initial public offerings.