FEATURED ANALYSIS
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A Record for the Nasdaq, a Data Problem for the Fed
Investors cheered a weak jobs report. For a Fed that had just raised rates, the revisions are harder to shrug off. On Friday, Wall Street got the jobs report it had been hoping for: a bad one. The US economy added just 29,000 jobs in September, according to the Bureau…
LATEST ANALYSIS
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Nvidia Beat Expectations. Why Didn’t the Market Buy It?
Nvidia delivered another extraordinary quarter. The numbers were spectacular. The stock’s reaction was anything but straightforward. On 26 August, Nvidia reported revenue of $96.2 billion for the second quarter of…
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Alibaba Raised HK$80 Billion. Why the Rush?
01 The Biggest Share Placement in Hong Kong History On 26 August, Alibaba formally closed a HK$80 billion share placement: 710 million new shares at HK$112.70 each, raising net proceeds…
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SK Hynix’s US Listing: How Much More Is It Really Worth on a Different Exchange?
01 On 10 July, SK Hynix officially made its debut on Nasdaq. Its offer price was $149, but the stock opened at $170, climbed as high as $177 intraday, and…
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SpaceX: the Biggest IPO in History. Still Losing Money. So Who Is Left Holding the Bag?
01 SpaceX’s Nasdaq debut On 12 June 2026, SpaceX pulled off the biggest IPO in history. The shares were priced at US$135. They opened at US$150, surged as high as…
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Why You Should Never Give Anyone Specific Investment Advice
Over the past couple of days, a few friends have asked me for investment “recommendations”. It is a familiar situation: someone is curious, anxious, hopeful, or simply looking for reassurance.…
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Why Entrepreneurship Is the Only Real Path to Financial Freedom?
Many people get used to the comfort of a stable yet modest income. While this may seem safe, it can be quite dangerous in the long run. Remaining in the…
ABOUT
Hi, I’m Xiangzhi Kong—X. Kong for short.
I write about technology, business and investment, taking a long-term view of how innovation, corporate strategy and capital markets shape one another.