Hong Kong IPOs, Share Sales Surge 600%

Hi, it's Julia Fioretti and Dong Cao in Hong Kong, where the mood is picking up thanks to some blockbuster deals in the capital markets this year. Elsewhere, it's a different story for IPOs in Saudi Arabia.
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How Advisors Can Avoid Becoming Over-Reliant on AI

Apparently there's no AI in team. Artificial intelligence is being hailed as a key element of the fourth industrial revolution, and new tools are now assisting financial advisors with taking notes, drafting emails, and brainstorming thought leadership content. In fact, the vast majority of advisors said generative AI helped their practices, according to a survey earlier this year. But AI isn't a silver bullet. It lacks emotional intelligence and a human touch. Advisors risk damaging client relationships if they become too reliant on automation — even for routine tasks. 'AI is poor at empathy so far,' said Adrian Johnstone, CEO of the CRM platform Practifi. 'Advisors need to recognize where the personal connection is most powerful, and use AI to automate and alleviate the lesser functions.' READ ALSO: What the GENIUS Act Means for Stablecoins and Advisors and Why UBS Is the Only Wirehouse to Allow Podcasting Today, most advisors use AI to boost meeting efficiency and streamline workflows. Ideally, this frees up more time to spend with clients, but misusing these tools can backfire. 'The common refrain of disaffected clients is: 'I pay you to understand me, my goals, and my fears, not to outsource me to a machine,'' Johnstone said. Wealth management is built on bespoke service, but AI hasn't yet learned to fully adapt to individual client needs and goals. While tools that draft emails and website content are improving, the output still reads 'hollow and generic,' Johnstone warned. Use it or Lose it. Client-facing AI tools can be 'extremely risky' because they can't interpret emotional undertones of client's concerns, said Rafael Loureiro, CEO of an estate planning platform. Still, AI can be useful for quick, factual tasks. 'If it's midnight on a Sunday and a client asks, 'What was my marginal tax rate last year?' that's a perfect use case,' Loureiro said. 'It's not doing financial planning, but answering factual questions.' Everything in Moderation. This isn't the first time new tech or strategies meant to disrupt the wealth management industry have wound up causing trouble for advisors and their clients. Will Trout, director at Datos Insights, pointed to the 2008 financial crisis as a warning. 'Firms that over-relied on risk models without human oversight suffered catastrophic losses,' he told Advisor Upside. This post first appeared on The Daily Upside. To receive financial advisor news, market insights, and practice management essentials, subscribe to our free Advisor Upside newsletter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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40 minutes ago

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Tesla (NasdaqGS:TSLA) Expands Into Indian Market With First Showrooms Opening In July

Tesla marked a significant milestone with a 29% increase in its share price over the last quarter, aligning with broader market trends despite facing challenges. The announcement of opening its first showrooms in India represents a substantial step into a key market, potentially boosting investor sentiment. Meanwhile, the resignation of a key executive and the inclusion of a new board member might have created mixed reactions, though these were countered by expanded market opportunities like Tesla's Supercharger accessibility for Kia EV owners. Amidst geopolitical tensions influencing oil prices, Tesla's strategic moves seem to have positively reinforced its quarterly performance. We've discovered 2 warning signs for Tesla that you should be aware of before investing here. Explore 26 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. The recent developments at Tesla hold promising implications for its strategic vision and broader market appeal. The significant strides into the Indian market, coupled with enhanced Supercharger opportunities, are poised to elevate revenue streams by expanding Tesla's global footprint. Over the last five years, the company's total shareholder return exceeded 403%, underscoring its capacity to capitalize on emerging opportunities and engage investor confidence. In the shorter term, Tesla's shares surpassed the US market return of 10.4% and the US Auto industry's 61.9% over the past year, although its high volatility suggests mixed investor sentiment. Recent executive changes and new board appointments, while initially may have unsettled sentiment, could potentially drive the company's strategic advancements by bringing fresh perspectives to leadership. The anticipated influence of Tesla's ventures like the robotaxi, Cybercab, and Optimus humanoid robots aims to open new revenue channels that may positively affect earnings forecasts, potentially contributing to an expected annual earnings growth of 27.5% over the next three years. The short-term 29% share price increase reflects investor optimism, though the current price of US$275.35 is just 4.9% shy of the analyst consensus price target of US$289.44, indicating a perceived fair valuation based on projected earnings and profit margins. Explore Tesla's analyst forecasts in our growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:TSLA. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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an hour ago

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Lexus unveils plans for new model with incredible features: 'It's a big deal'

Lexus is going electric with its new luxury sedan. At the Shanghai auto show, the Japanese automaker revealed its plans for the 2026 Lexus ES, according to a report by InsideEVs. The 2026 Lexus ES will offer both a fully electric and hybrid model in the U.S., and according to InsideEVs, "it's a big deal." However, what makes this announcement especially exciting is the sedan's competitive range. The fully electric model "targets an Environmental Protection Agency-rated range of 300 miles," notes InsideEVs, "which is impressive." Another important feature of Lexus' new ES is its charging port. As the electric vehicle industry transitions to the Tesla-style charging port, the new ES will have that port, known as the North American Charging Standard. As a result, Lexus ES drivers will be able to take advantage of adapter-free charging at thousands of Tesla Supercharger stalls. In terms of charging statistics, Lexus announced it takes 30 minutes for the ES to go from 10% to 80% charged when utilizing a sufficiently powerful DC fast charger. While other EVs offer better charging turnaround times, InsideEVs noted that it's still "solid" for drivers. Switching to an EV is a great way to save money on both car maintenance and gas. In fact, you'll save $1,500 a year on gas and maintenance. Plus, some EV models qualify for a $7,500 tax credit. You'll also be making an environmental difference by driving an EV. Although the manufacturing of electric vehicles does require digging up minerals for battery production, that amount of mining is nowhere near the billions of dirty energy dug up each year. When compared to gas-powered vehicles, EVs have a much lower carbon footprint. A study from the Massachusetts Institute of Technology found that cars with internal combustion engines create an average of 350 grams of carbon air pollution per mile driven over their lifetimes. On the other hand, this value was only 200 for EVs that operate on batteries charging on the average U.S. power grid. To maximize your savings further, consider installing solar panels in your home after going electric. With solar panels, you can greatly reduce your charging costs while also decreasing your home's environmental footprint. To learn more about different solar options and quotes, check out EnergySage's free resources and save up to $10,000 on installations. Palmetto's LightReach solar panel leasing program will also install panels on your home for no down payment, allowing you to benefit from solar even if you cannot afford the upfront costs. If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.